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As a business owner, your professional and personal lives are intertwined and inherently connected to your business. With their identity largely tied to what they do professionally, many owners face confusing and conflicting emotions when leaving their company. Selling a business can be one of the most significant decisions of your life. The first step to planning for your exit is finding mental readiness.

May 15, 2024 Business Exit Planning

Business owners are on the hook for a lot: the full 15.3% self-employment tax, the cost of healthcare, building your own nest egg without the matching employer contributions to retirement plans often referred to as “free money” for employees. It’s no wonder that investing for retirement isn’t a top priority for some business owners who are busy trying to grow their business’ value.

Feb 12, 2024 Business Exit Planning

Most business owners will agree: scaling a profitable business is not easy. It takes a strong vision, sufficient capital, the right leadership and great talent to build a valuable business asset. Even if you never decide to sell, creating a profitable business asset is an incredible way to build wealth. However, many business owners lack the right playbooks and resources to unlock the wealth trapped in their business.

Aug 17, 2023 Business Exit Planning

Are you looking for clarity, conviction and unfiltered advice about your wealth?

You’ve come to the right place.

As a successful professional selling or exiting your business, selecting the most appropriate strategy for you is critical for achieving not just your potential for wealth, but your potential for living.   1. Strategic (Industry) Buyer  Strategic buyers often pay the highest price, however, may restructure the acquired company.   2.

Apr 30, 2023 Business Exit Planning

One of the biggest challenges for people entering retirement is knowing how to start spending from their portfolios when they’ve spent an entire life saving. How do you even know where to begin to make sure you can do what you want, when you want, without the risk of running out of money? A good first step is taking stock of how much set income you will have in retirement from sources other than your portfolio.

I know the question you’re probably asking yourself: Can’t I just take a smaller RMD? The answer is no. RMD is just like how it sounds–it is the minimum amount you need to take from your retirement account each year. Bluntly, it’s the IRS’s way of forcing you to take a certain amount of money from your tax-deferred retirement accounts so that they can get their taxes-owed.

Are you wondering when to buy long-term care insurance? It seems like a no-brainer…People live longer nowadays and we’ll all probably need long-term care at some point. Buying a long-term care policy sounds like the responsible thing to do. According to a study revised in 2016 by the Urban Institute and US Department of Health and Human Services, about half of today’s 65-year-olds will develop a disability and require some long-term care services.

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