Retirement Planning Services in Minneapolis, MN

Retirement might seem like a personal milestone, but for business owners, entrepreneurs, and high-income professionals in Minneapolis—it’s also a financial strategy.


Straight Talk CPAs offers retirement planning services designed to help Minnesotans build wealth with intention. Whether you're decades away from retirement or thinking about slowing down in the next few years, now is the time to put a long-range plan in place that works as hard as you do.

Secure Your Future with Smart, Strategic Planning

Retirement isn't just about IRAs and 401(k)s. It's about structuring your business and personal finances so that future you has options—without the stress. Here’s what Minneapolis clients gain with Straight Talk CPAs:

  • Employer-sponsored plan design (solo 401(k), SEP, SIMPLE, etc.)
  • Defined benefit plan setup and optimization
  • Strategic contributions for max tax efficiency
  • Business succession and exit strategy integration
  • Rollover guidance for existing plans
  • Tax planning to reduce withdrawal penalties later

From doctors running busy private practices to contractors juggling unpredictable income, the right plan protects not only your future—but your present tax picture too.

What Retirement Planning Looks Like

Case Study: Retiring Without Selling the Business

A husband-and-wife duo running a Minneapolis-based dental clinic wanted to retire in 10 years—but had no retirement plan and weren’t sure whether to sell the practice or hand it off.



Straight Talk CPAs created a multi-pronged retirement plan that included:

  • A defined benefit plan to allow for catch-up contributions
  • A gradual equity transfer strategy to a junior associate
  • Annual tax projections to reduce taxable income via retirement savings
  • Investment alignment with their age, risk tolerance, and liquidity goals

Today, they’re funding their own future—without needing to rush a sale.

“We didn’t want to just walk away from what we built. Now we can step back gradually, with confidence.”

Who This Is For

  • Small business owners who don’t have a formal retirement plan
  • High-income earners looking to reduce taxable income
  • Entrepreneurs nearing exit and want to retain wealth
  • Professionals juggling investments, pensions, and real estate
  • Couples planning to retire together—or at different times

Whether you're building retirement from scratch or fine-tuning what’s already in motion, Straight Talk CPAs makes sure your plan is tax-smart, future-ready, and flexible.

FAQs

  • Can you help even if I already have a 401(k)?

    Yes. Many clients come with existing plans—Straight Talk CPAs can review, optimize, and suggest alternatives better aligned with your goals and business model.


  • What’s the best age to start retirement planning?

    Yesterday. But today works too. The earlier you start, the more options (and tax savings) you’ll have.


  • Is retirement planning different for business owners?

    Very. Business ownership offers more contribution flexibility—but also more risk. That’s why plans are designed to protect your income, your company, and your long-term lifestyle.


  • Will this include investment advice?

    Retirement planning may involve collaboration with a financial advisor, but Straight Talk CPAs focuses on the tax strategy, plan structure, and long-term business integration.