Not expecting to go anywhere soon? Your mortality or current age is not really what this is about.
Creating a retirement plan now and fine-tuning it periodically lets you begin a process that:
- protects the full value of your investment;
- generates a potential income stream for retirement or disability;
- reduces or defers the tax impact on your estate, spouse and family;
- creates a smooth management transition with little or no business disruption;
- allows family members or key employees to confidently assume ownership; and
- enhances the overall worth and strategic direction of your business.
Still need convincing? Consider the significant personal, operational and strategic benefits that can flow from starting your retirement planning now - no matter how old you are!