Ready, Set, Retire: Successful Strategies for Business Owners

Description

Attention Business Owners!

Ready to work on your business, not just in your business? Are you prepared to take the next step toward financial freedom?

Join us for "Work, Wealth, and What’s Next: Successful Strategies for Business Owners", hosted by Delaware Wealth Planners and Williams Houck & Company.

Part 2: Planning & transitioning to life after business          

• Personal Goals for life after retirement / challenges in reaching those goals
• Cash flow planning for retirement
  • Income, expenses and savings
• Risks to retirement (medical, health, loss of income or spouse, etc.)
• Investment strategy in retirement
  • Bucket planning
  • Asset allocation / asset location
• Buy/sell / cross purchase insurance
• Ramping up you business for sale (acquisitions / increasing your business valuation)
• What happens to my business (internal or external)?
  • Business valuation
  • Quality of Earnings
  • Sell for monetary consideration
    • Taxes
    • Cash flow of payments
    • Process of selling business
      • Asset allocation – difference between the buyer & the seller (goodwill vs assets)
    • Consultant to entity after you sell, Remain on payroll
    • Access to company benefits
  • Transition ownership to next generation
  • Sell internally to employees
• What happens to the real estate of the business? (1031 exchange, rental income)
• Estate Planning & Wealth Transfer
  • Creating a trust and moving business into trust