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Business Resources - Business Succession

Why Plan Now?

 

Personal Benefits

Retirement planning is really all about you, the owner. Advance planning helps you find answers to important questions such as:

  • How much income would I need to retire or do something else with my time?
  • Do I have a realistic exit strategy from the business?
  • Would I need to sell the business? How do I find out how much it is worth?
  • Do I want an all-cash deal? Would I be willing to finance part of the sale?
  • Will I want to be involved in the business, but not day-to-day management?
  • Are family members, employees or others interested, or prepared to play a greater role in the business? Will they need my help?

In many respects, a retirement plan is your life strategy. In fact, retirement advisors, such as those offered under the RBC Financial GroupTM brand, are sometimes called "life coaches".

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08/23/2010 16:11:50