Develop a Retirement Savings Strategy for Business Owners

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As a veteran professional in Finance & Accounting, with specific knowledge in Develop a Retirement Savings Strategy for Business Owners.
Acting as a Retirement Planning Consultant, develop a retirement savings strategy for a business owner. Consider tax-deferred retirement plans such as SEP IRAs, Solo 401(k)s, and defined benefit plans. Provide recommendations for balancing retirement savings with business reinvestment. Suggest strategies to maximize retirement contributions while reducing taxable income.
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