This is a guest post by Matt Rudnick, Founder and CEO of Main Sheet, an M&A advisory firm for entrepreneurs of middle market companies looking to sell their business. We’ve covered how to evaluate your readiness to sell your business, and we’ve outlined how to do your own due diligence to build your business value [...]
This guest post is by Calvin Wilder, Founder and CEO at SmartBooks, a fractional finance team that offers a mix of CFO, bookkeeping, controller, payroll, and tax services to small business owners. In the first post in this series on selling your business, Glenn Grant gave you everything you need to know about evaluating your [...]
Have you ever dreamed of winning the lottery? What would you buy first? Who you would share your winnings with? It can be a lot of fun, even if your chances of actually winning the lottery are pretty slim. However, you might find yourself with sudden wealth from other sources—such as through an inheritance, selling [...]
This is a guest post by Glenn Grant. Glenn is a serial entrepreneur and business coach with Selfassembled Ventures. He works with fellow business owners to build greater business value and world-class leadership teams—with a particular focus on pre-exit value building. In this post, he shares his tips for how to prepare to sell a business. One [...]
You work hard to provide for your family (after all, they’re the most important part of your life). You also want to make sure your loved ones are well provided for in your absence. However, while no one I know wants to leave their family with uncertainty or a messy probate situation, I see it [...]
Determining when to take social security, as well as planning for your future benefit, is such an important part of retirement planning. For each couple or individual, the answer as to when is the best time to take your benefit is different. It may seem like waiting until age 70 is best, as you can [...]
Ask yourself the question, if you passed early in your retirement, would your choices leave your spouse enough income to live comfortably and cover the increasing costs of healthcare? Choosing a spousal benefit that will protect your spouse in case something unexpected happens is extremely important.
Retirees have special concerns when evaluating state tax policies. For instance, the mortgage might be paid off, but how bad are the property taxes--and how generous are the property-tax breaks for seniors? Are Social Security benefits taxed? What about other forms of retirement income--including IRAs and pensions? Does the state impose its own estate tax [...]
In this age of on-the-fly communication (e-mail, instant messages, voice mail) do you ever wish for a way to stop the rush and to put into writing all that is important to communicate to those you care about the most? In this age of instant-this and throwaway-that, do you ever worry that what is [...]
In the past, the transition to retirement has been viewed solely as an economic event. As a result, the focus of retirement planning has primarily been on building a nest egg. In The Late-Start Investor, author John Wasik recommends discarding this obsolete view in favor of a “flexible life plan that provides for financial, [...]
