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Converting Sale of Your Business Into Retirement Income

It’s a major goal for nearly every business owner. You’ve spend much of your adult life building and growing your business. As you get older, you may dream of selling your business and then using the proceeds to fund your retirement. Selling the business is one half of the battle. Many business owners find it … Continue reading Converting Sale of Your Business Into Retirement Income

Is a Deferred Annuity Right for Your Retirement?

Are you in the process of preparing for retirement? If so, you may be exploring the various financial tools available to help you manage your assets and income after you retire. From IRAs to insurance to investment products, you have a broad range of tools and products at your disposal. An annuity is one potential … Continue reading Is a Deferred Annuity Right for Your Retirement?

Mid-Year Checkup: Is Your Business On-Track to Reach Its Goals?

We’re almost halfway through 2017. If you’re like many business owners, you probably had a list of lofty goals at the beginning of the year. January is usually a time for hope, positive thinking, and high-level strategizing. As weeks and months pass by, though, it’s easy to get bogged down in the day-to-day challenges of … Continue reading Mid-Year Checkup: Is Your Business On-Track to Reach Its Goals?

Don’t Let Your Job Change Derail Your Retirement Savings

Are you getting ready to start a new job? Or are you gearing up for a job search? A job change can be an exciting and hectic time. Your new job may offer higher compensation, better hours or a substantial promotion. While a job change may offer many positive benefits, it can also cause a … Continue reading Don’t Let Your Job Change Derail Your Retirement Savings

WHY IT’S NEVER TOO EARLY TO THINK BUSINESS SUCCESSION

Many business owners don’t think about succession because they don’t think it’s relevant at that moment in time. The business owner may be relatively young, or may feel that he or she will work in the business for the rest of their life. Rarely do business owners have that much control over the process. With a business succession plan, however, you can take greater control over your business’s future and plan for events that may force succession earlier than you anticipated. READ MORE

THREE TYPES OF RETIREMENT PLANS FOR YOUR SMALL BUSINESS

As a small-business owner, you have a lot on your plate. If you’re like many business owners, one area that you may not have gotten around to yet is establishing some form of retirement plan benefit for you and your employees. In today’s competitive labor market, a retirement plan can make all the difference between recruiting top talent and losing them to a competitor. READ MORE

DO YOU HAVE A TRANSITION PLAN FOR YOUR BUSINESS

According to research from the Family Firm Institute, only one-third of family-owned businesses are successfully transitioned to the second generation. What’s the biggest expense you will face in retirement? Housing costs? Discretionary expenses like dining out, shopping and travel? Depending on your income level, taxes could certainly be a major cost. One of the biggest, though, may be something you The transition from accumulation to distribution isn’t as simple taking withdrawals from your accounts. READ MORE

TRANSITIONING FROM RETIREMENT ACCUMULATION TO DISTRIBUTION

If you’re like many American workers, you’ve spent years or even decades contribution to your employer’s 401(k) plan or even your own IRA. However, after you retire, these types of accounts may become distribution vehicles rather than saving vehicles. The transition from accumulation to distribution isn’t as simple taking withdrawals from your accounts. READ MORE