Ramp Up to Retirement
Are Business Owners Ready for the $14 Trillion Exit Wave?
Key Takeaways
- The role small and mid-sized businesses play in the U.S. economy
- The commonly referenced three legs of exit planning: business, personal, and financial considerations
- The role formal business valuations can play in exit planning
- The wealth gap and how lifestyle expectations may affect a transition
Show Notes
Most business owners say they feel prepared to step away, but available data suggests gaps in readiness.
In this episode, Dan Reese breaks down insights from the National State of Owner Readiness Report and explains common areas where small and mid-sized business owners may lack preparation for a significant financial transition. With a large portion of many owners’ net worth tied up in their business, exit planning often involves business, personal, and financial considerations.
Dan walks through common elements often associated with readiness, including understanding business value, identifying wealth gaps, and planning considerations for life after the business following a transaction.
Resources
Carson Wealth Retirement Readiness Quiz
About the Podcast
You’re nearing your Ramp Up to Retirement, where work will be optional. How do you make the best decisions to set yourself up for success? Tune in to hear from Dan Reese CFP®, Founder, Senior Wealth Advisor at Avery Wealth about the decisions and subtle changes you can make to ensure your retirement is successful!
As you approach life’s next chapter, we’re here to guide you through the intricacies of financial planning. We’ll help you stay focused on what truly matters as you navigate your retirement journey, overcome financial challenges, and leave a lasting legacy.