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Accumulation Stage
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Exit
Strategy
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REWARDING RETIREMENT PLAN
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When it comes to planning for retirement
business owners face many more complexities
than those of their employees. |
Your employees can simply put money away in any available plan they choose. However, during this time, also known as the Accumulation Stage, you as the owner of your company are faced with issues like plan costs, the frustrations of discrimination rules, vesting requirements, matching requirements and the list goes on and on. The scary thing is that this is the easy part of your retirement plan.
The tough part comes when it's time to sell your business or practice - your Exit Strategy. Regardless of whether you are in phase A, B, C, or D of your lifecycle, much can be done ahead of time to help sort through this process to your advantage.
That’s where we come in.
LIFECYCLE PLANNING MODEL
Accumulation Stage
Is your anticipated retirement date 5, 10 or 15 years from today? Do you have an Accumulation Strategy? There are many things to do prior to the Retirement/spending time of your life.
Are you in Phase A and heavily involved in accumulating your resources (we call it the buying phase)? Or have you reached Phase B or C and need to begin doing careful retirement planning. Once you get to Phase D, it is critical that you complete the segregation of your assets into two separate profiles. The first profile is specifically intended for inflation protection and growth while the other profile should be designed to help secure your retirement income.
We have all seen the “Bull” markets, where everybody wins. However, most now realize that unless careful planning is done, a tough “Bear” market can quickly knock a hole in retirement plans.
Often small adjustments - done early to your preparations
for retirement, can make a huge difference in your
lifestyle during retirement. |
Exit Strategy
There will come a time when you would rather play golf, tour across the country or simply surround yourself with friends and family as opposed to operating your business.
Someday you will leave your organization – hopefully it will be on your terms, and within your time table. Do you have written and funded plans in place to make this happen the way you would like?
This can be a complex process involving legal and tax issues as well as coming up with a plan that works for you, your loyal patients, clients and customers.
Our team of professionals can help guide you
through the complications and assist you in
developing a strategy that works best for you. |
Retirement Feasibility Analysis and Report
The last thing anyone wants is to reach their retirement stage and realize if they had just put another $100 away each month they wouldn’t have to work an extra year—or more.
Our Retirement Feasibility Analysis and Report will give you an economic sense of what steps should be taken to help get, or keep you on track to meet your retirement objectives.
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