|
|
Article: TAKING CARE OF NO. 1: Flying solo; Self-employed must plan for financial security.(Personal Finance)(entrepreneurs' financial issues)
- Article from:
- Crain's Chicago Business
- Article date:
- June 30, 2003
CopyrightCOPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: LISA BERTAGNOLI
When financial planner Mary Anne Ehlert first meets with new entrepreneurs, she senses they're in a state of shock-not just from the sense of freedom and excitement of doing what they want, but from the realization that self-employment means the end of a monthly paycheck, neatly stripped of taxes, health and life insurance premiums and contributions to a company-matched retirement fund.
"There are lots of surprises'' for new entrepreneurs, says Ms. Ehlert, owner of Ehlert Financial Group Inc. in Vernon Hills. "There's liability protection, for one. Then, when Cobra (employer health insurance coverage) runs out, it's health ...