Retiring business owners fall into two camps: those that want to retire, and those that are reluctantly retiring. Either way, most of you are headed for turbulent times, and you’re unprepared.
For one thing, most of your success has been about you taking charge. About cutting through the clutter and making hard decisions. You’re the boss, and you’re good at it.
And for many of you, your business has been your retirement plan. Transitioning to the next phase of life may involve letting go of that business. It won’t be just the letting go, it will also involve a myriad of financial decisions that will primarily revolve around tax.
No one feels good about working hard all their life and then having to give up a good deal of their wealth to the taxman. And especially when you consider the tax changes being imposed on small business owners by Ottawa at this time.
The truth is that you probably have the money you need to do what you want. Your challenges are many, beyond your belief at this point, but at the crux of the matter, you probably have these three concerns: (1) determining how best to keep your hard-earned money; (2) determining how best to use that money going forward; and (3) learning how to stay in control of your life.
It’s usually at this point of realization that planning becomes of interest. But how can you commit to a retirement plan if you’re not in charge?
And that’s where we come in.
Committing to co-creating a retirement plan with a team of competent professionals will answer your questions. Often questions you haven’t even asked but need to know the answers for.
Typically, this type of exercise will not only show you your options, it will allow you to explore your many ‘what if’ scenarios. In this manner, planning will help you arrive at an agreed upon course of action that meets your needs and wants. It might even keep you in charge.
If you feel that you need… No, more importantly, if you feel that you want a new perspective on preparing for retirement, one that’s not just about the money, we are the people you should be talking to.