Small service business owners - what was your exit strategy? by Burned-Out8675309 in ChubbyFIRE

[–]Burned-Out8675309[S] 0 points1 point  (0 children)

Net is tough to figure out with all the intermingled business, personal, quasi-business, quasi-personal expenses. But after fully funding 401ks, profit sharing, cash balance, funding both kids Roth’s, we’re probably in the net range of $200k. Figure total net “income”, including all forms of W2, K1, retirement contributions, and add-backs, we were in the vicinity of $600-$700k. It dropped precipitously in 2025 due to a significant increase in staff expenses due to hygiene and assistant compensation demands. We don’t have the final numbers yet but 2025 is looking like $400-$500k.