Financial Advisor for Business Owners in Southeast Texas
Retirement plan setup, tax-aware investment strategies, business succession planning, and personal financial planning for Southeast Texas small business owners and self-employed individuals.
Financial Planning Built for Southeast Texas Business Owners
Running a business in Southeast Texas means your financial life is more complex than most. Your income may be variable. Your net worth may be heavily concentrated in the business. Your retirement savings may have taken a back seat to reinvesting in operations. And when the time comes to exit, the decisions you make about the business sale, your personal retirement accounts, and your tax strategy will determine whether you actually retire comfortably.
Richard Placette II with MRB Capital Group works with small business owners, contractors, and self-employed individuals throughout Southeast Texas — from Beaumont and Lumberton to Port Arthur, Orange, and surrounding communities. He provides fiduciary financial planning, which means he is legally required to act in your best interest, not earn a commission on products he recommends.
The goal is to help you build personal financial security alongside your business — so your retirement does not depend entirely on the business continuing to perform or selling at a target price.
Retirement Plan Options for Southeast Texas Business Owners
The right retirement plan depends on your business structure, income level, and whether you have employees.
SEP-IRA
Simple to set up and administer. Contributions up to 25% of net self-employment income (max $69,000 in 2024). Good for sole proprietors and small businesses without employees who want simplicity.
Solo 401(k)
For self-employed individuals with no employees (other than a spouse). Allows both employee deferrals ($23,000 in 2024) and employer contributions — resulting in higher total contributions than a SEP-IRA at moderate income levels. Also allows Roth contributions and loans.
SIMPLE IRA
For businesses with up to 100 employees. Allows employee contributions ($16,000 in 2024) with required employer matching. Lower administrative burden than a 401(k) plan but lower contribution limits.
Defined Benefit Plan
For high-earning business owners who want to maximize tax-deferred savings. Contributions can exceed $200,000 per year depending on age and income. Requires actuarial calculations and annual funding commitments.
Who We Serve
Does Your Portfolio Match Your Risk Tolerance?
The free Riskalyze risk assessment gives you a personalized Risk Number — a score from 1–99 that shows how much market volatility you're actually comfortable with. Richard Placette II uses it to check whether your investments are aligned with your goals.
No accounts transferred · No obligation · Results shared only if you choose
Frequently Asked Questions
What retirement plan options are available for Southeast Texas small business owners?
Small business owners have several options: SEP-IRA (simple, contributions up to 25% of compensation), SIMPLE IRA (for businesses with up to 100 employees), Solo 401(k) (highest contribution limits for self-employed individuals), and defined benefit plans (for high earners who want to maximize tax-deferred savings). The right plan depends on your business structure, income level, and whether you have employees.
How does business succession planning work with financial planning?
Business succession planning involves deciding how your business will be transferred and ensuring your personal financial plan does not depend entirely on the business sale proceeds. Richard Placette II helps Southeast Texas business owners build personal retirement savings alongside the business, so they are not entirely dependent on a successful sale to fund retirement.
What is the difference between a SEP-IRA and a Solo 401(k)?
A SEP-IRA allows contributions up to 25% of net self-employment income and is simple to set up. A Solo 401(k) allows both employee and employer contributions — which can result in higher total contributions for self-employed individuals with moderate income. Solo 401(k) plans also allow Roth contributions and loans.
How do you help business owners separate personal and business financial planning?
Many Southeast Texas business owners have most of their net worth tied up in their business — which creates concentration risk. Richard Placette II helps business owners build personal retirement savings alongside the business, so they have financial security that does not depend entirely on the business continuing to perform or selling at a target price.
How do I schedule a consultation as a Southeast Texas business owner?
Call (409) 548-2713 or visit the contact page to schedule a no-obligation consultation with Richard Placette II at MRB Capital Group. Meetings are available in person at the Lumberton office or by phone and video.
Educational information only. Not individualized investment, tax, or legal advice. Advisory services offered through MRB Capital Group. Investment advisory services involve risk, and past performance does not guarantee future results.
Build Financial Security Beyond Your Business
No obligation. No sales pitch. A straightforward conversation about your business and retirement goals.
Services Available in This Area
Serving Communities Across Southeast Texas
Looking for a Financial Advisor Near You in Southeast Texas?
If you are searching for a financial advisor near Beaumont, Lumberton, Port Arthur, Orange, Nederland, Vidor, Silsbee, Jasper, or the surrounding Southeast Texas area, Richard Placette II with MRB Capital Group provides retirement planning, investment management, 401(k) rollover guidance, Social Security planning, and portfolio risk analysis for individuals, families, retirees, plant workers, and business owners. Whether you are preparing for retirement, reviewing an old 401(k), evaluating investment risk, or looking for a second opinion on your current portfolio, the first step can be a simple 3–5 minute Risk Assessment designed to help identify your personal Risk Number.