Ramp Up to Retirement
What’s Your Number? The Key to Selling Your Business Without Regret (Pt. 3)
Key Takeaways
- Why business owners should not rely on rough estimates when deciding how much they need from a sale
- How personal financial planning can reveal true lifestyle costs and hidden benefits from a business
- The role of concentration risk when most wealth is tied to a single company asset
- Why taxes and deal structure can significantly reduce what you actually receive after a sale
- How having the right team helps improve clarity and support more informed decision-making
Show Notes
Thinking about selling a business is one thing; knowing what you actually need from it is another.
How do you move from guessing a number to having greater clarity about your financial future and lifestyle?
In this episode, Dan Reese breaks down Part 3 of the business exit series, focused on defining “your number” through personal financial planning. He explains how business owners can identify their true financial needs, account for concentration risk, and understand the gap between what they have and what they may need. The conversation also highlights the importance of tax planning, building the right advisory team, and preparing well in advance to help reduce the likelihood of costly mistakes and uncertainty.
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.