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Although we might be playing many roles, our key responsibility is to make sure our business has a solid financial foundation. And an important part of that foundation, that is often overlooked, is getting a handle on our business taxes.

Rianka R. Dorsainvil, CFP®

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As entrepreneurs, we wear multiple hats in our business—we are the visionary, technician and manager—all rolled into one. Although we might be playing many roles, our key responsibility is to make sure our business has a solid financial foundation.

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"You want to avoid lifestyle creep, so even if you are not allowed to start deferring a percentage of your salary right away to your 401(k), you want to start saving somewhere," says Rianka Dorsainvil, a certified financial planner and president of the financial planning firm Your Greatest Contribution.

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Some plans allow you to keep your 401(k) plan even after you leave, but don’t consider this a long-term solution. The risk is you “set it and forget it,” says Rianka Dorsainvil, a certified financial planner in Lanham, Md.

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Rianka Dorsainvil of Your Greatest Contribution encourages millennial investors to question financial advisors as to whether they're acting as fiduciaries.

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