The Retirement Transition

Posted by on Aug 31, 2016 in Business Owners, Goals, Investments, Retirement | 0 comments

JOIN THE CLUB – Approximately 10,000 people in the U.S. turn 65 every day, so covering the planning for those retirement years is a major issue in this country. Unfortunately, there are many people who get laid off or become disabled before they choose to retire. Others retire without a direction for the next phase of their lives, and business owners wait too long to plan for the sale of their business. WHAT’S NEXT? Walking the dog, seeing the doctor once in a while, and going to the store are nice activities, but that will become boring really quickly. Here are some ideas...

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The Value of a Closely Held Business

Posted by on Feb 5, 2016 in Business Owners, Estate and Trust Planning, Goal Achievement, Goals, Retirement | 0 comments

Those who run their own businesses have known all along that the best investment they can make is in their businesses. The question is whether they or their family would get a fair return for that investment when it comes time to sell the business or if a “Heaven forbid” occurs. You’d want the value low for estate and gift tax purposes, but high for a sale. Which one should a business owner use? Do you need a certified appraisal, or will a market appraisal serve your purpose?   A Proper Valuation In most cases, there is no open market to determine the value. A proper valuation can...

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Informational Interviews for Career and Education Selection

Posted by on Nov 10, 2015 in College Planning, Goal Achievement, Goals | 0 comments

It’s too easy for kids to drift through college with no clear direction in life (my hand would go up at age 20, too). Here is a way I know works in helping you meet the right people and make connections that may last a lifetime. What are your interests for your working life? Where are you from? Where do you want to live? Address your aspirations first, as this will help you refine your networking needs.  Here are some suggestions: Take a sheet of paper and draw a line down the middle.  Caption the left side as the things You Want in your career and the right side the things You...

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