Retirement Strategies

If you own a company, the first thing you should think about is your exit strategy. 

• Will you retire from the firm and pass it on to the next generation, or will you try to sell it?

• Do you have a viable succession plan in place if you intend to sell the company?

• How would you evaluate the firm, identify a suitable buyer, and so on if you plan to sell?

• Are you aware of all the tax ramifications of when you sell something and when you sell it?

• Have you set aside enough money for retirement and do you have the correct form of pension? 

• Are you aware of all the retirement options available to business owners and executives? 

• Are you utilizing all of your allowances?

• Do you have a good mix of savings and investments, as well as high and low risk exposures?

• Do you and your spouse have appropriate life insurance, and have you planned for long-term care and medical insurance in your later years?