Business owners often believe their investments are diversified — until their own business undermines that assumption. True diversification means mixing assets with different risk behaviors, understanding correlation, and factoring your business’s risk profile into your portfolio. When you treat your business as part of your broader financial picture, you can better manage risk and avoid putting all your eggs in one basket.

What’s the difference between saving and investing? Some people might think the two are the same, but they couldn’t be more wrong.

A Traditional IRA lets you deduct contributions today but taxes withdrawals in retirement, with required distributions after age 70½. A Roth IRA flips this: you contribute after-tax dollars, but all qualified withdrawals—including growth—are tax-free, with no required distributions. The right choice depends on whether you prefer tax savings now or tax-free income later.