Tag: BUSINESS OWNERS

Succession Planning: Preparing Your Business for Retirement Transition

Written by Jeff Diamond, AIF® on March 11, 2024.

Business succession planning is about preparing for a smooth transfer of ownership and continued operations after you retire.

Tips to Plan for the Continuity of Your Company After Your Retirement

You’ve invested years into your small business – maybe even a lifetime – and yet the time will come when you may consider retirement, whether from necessity or desire. Crafting a business succession plan now may help you prepare the company for a smooth transition to new management or ownership when the time comes. Succession planning can also help you prepare for unforeseen circumstances, so developing a clear succession strategy may be an important step in keeping the business you’ve built thriving for years to come. Below, we’ll discuss some common key elements of succession planning that you might consider as you think about the future.

Fitting Life Insurance into Your Retirement Plan

Written by Jeff Diamond, AIF® on July 11, 2022.

All Your Options for a Financially Secure Retirement

When it comes to planning for a financially secure retirement, most people focus on aspects such as their investments, retirement savings accounts, home equity, Social Security, and other assets that they’ll depend on to support their income needs in this phase of life. Too often, the role that life insurance plays in a retirement plan is overlooked. Below are a few questions to ask yourself concerning life insurance and retirement planning as you begin to consider whether you have the right coverage for your current situation and your long-term goals.

Does More Money Equal More Happiness?

Written by Zachary Morris, CFP® on June 22, 2022.

It’s Not About the Material Goods, but Rather Financial Stability

Does more money equal more happiness? Well, you’ve probably heard the age-old adage, “Money can’t buy happiness,” but how true is that statement, really? When we think about it, we tend to focus on the luxuries that money can buy, like lavish vacations or expensive cars. However, an influx of cash provides something else that’s often overlooked – financial stability. When it comes to day-to-day happiness and peace of mind, financial stability goes a long way in decreasing our overall stress and freeing us from common worries.