Planning for Retirement
Many business owners expect to fund their retirement through the sale of their company, but actual valuations will fluctuate.
Many business owners expect to fund their retirement through the sale of their company, but actualvaluations will fluctuate. We help identify ways to gradually take money out of the business to prepare you & your family for future change. This may include establishing an IRS-approved retirement plan.
The SECURE Act 2.0 expanded tax incentives for starting a company 401(k) plan, which may help offset some or all setup costs. Alternatives such as profit-sharing, SEP, or SIMPLE plans can also support employee retention. To help reduce taxes in retirement, we balance pre-tax & Roth savings & consider Roth conversions when appropriate.
