Meet Don, a hard working excavating contractor carving out a decent living in the Pacific Northwest of America. Like most business owners today, he has had the same challenge that most business owners have faced as well; how to find quality employees and how to keep them long term. Gone are the days where an owner could count on a truck driver working for him for 19 years and content with "okayish" size income.
No no, nowadays younger employees bounce from job to job, and tolerate almost no challenge that they will face at work. While expecting everything in return. "Everyone wants to be the boss until they see what the boss has to do." Most businesses offer the typical and quite frankly outdated benefits in accordance with the value the owner places on their employees. Usually consisting of a 401k with standard contributions offered through employment, health, dental, vision, and life insurance.
But Don had endured the 2002 and 2008 crisis, and felt responsible for offering his people a benefit that lost their money and did very little in protecting the family. Couple that to Don watching the film "The Tax Train," now armed with irrefutable proof that taxes will be unimaginably higher in the future, he decided to give his people something else. He could not take back what had happened before, but he would make sure that it would never happen again.
After doing research and having questions he met with an agent that specialized in unique blue collar worker benefits and provided Don with the perfect benefit for his business's people; the tax free retirement fund that he could contribute money to whether for no particular reason, or because of years of service to him, or quality of employee, it was at his discretion with no limitations.
Not only would his people have access to the actual cash value of this fund without penalty and long before 59 1/2, but it provided benefits that exceeded their health insurance. If they had a stroke, heart attack, or 18 other life challenges they had the funds to cover their cost of living. Something they would never have with a health insurance policy.
#bluecollar #realmenwork #excavator #construction #builders