Archive for October, 2009
Carving Out A Niche With Exit and Succession Planning
An estimated $40.6 trillion will change hands from 1998 through 2052 as baby boomers pass on their accumulated assets to their heirs. A portion of that wealth transfer will result from the retirement or death of small-business owners. Most business owners have not planned for the future because they have been too busy working in [...]
October 30, 2009
Tags: baby boomers, business owners, business ownership, clients, Retirement, small business, succession planning Posted in: business owner 
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What If I Have Children In My Business?
You currently have a child or children that are active in your business. Transferring the business to your children is your exit plan. If this is true, you face certain challenges that can actually become obstacles. Can the business continue to grow without you? Can the children think like employers and not like employees? Where [...]
October 16, 2009
Tags: business, business transfers, children, family, Financial, tax consequences, taxation Posted in: business owner No Comments
The 7 Most Common Mistakes Made When Planning for Retirement
Mistake #1 – Not taking the time to plan for Retirement. This includes what retirement should look like in terms of lifestyle; visits to the grandchildren, leisure travel, daily and special activities, etc.? Next, what lifestyle needs will cost, including inflation to fund this lifestyle to life expectancy. Solution: Read as much as possible and [...]
October 8, 2009
Tags: CPA, financial planner, financial strategist, IRS, nest eggs, procrastination, Retirement, retirement fund, tax deductions, taxes Posted in: Retirement No Comments
