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Many business owners focus on building wealth (accumulation) but neglect the crucial final phase: wealth distribution. In this podcast, expert wealth advisor Scott Chelberg, President of Retirement Solutions , dives deep into exit planning which is really just strategic planning for business owners who are nearing retirement.Learn the essential steps to maximize your business's value and ensure you have the income to support your ideal retirement lifestyle. Scott explains how to quarterback your financial team, coordinate your experts, and why you need to think about taxes now—including how your money will be taxed when it comes out of your investments.What you will learn:
- Why exit planning should start 5 years or more before you plan to sell.
- The difference between a typical investment advisor (accumulation) and a true wealth advisor (holistic planning and distribution).
- The 4 C's of value that drive a business's worth, beyond just the balance sheet.
- How to structure your income distribution into different 'silos' to manage risk and tax burden in retirement.
- Strategies for "Tired Ted"—the business owner who is near retirement but hasn't prepared.
Don't wait until the last minute! Start planning for a successful exit and a secure, tax-efficient retirement today.
If you liked this content, let's connect on social media:
Instagram: / mysbapro
Twitter: / mysbapro
LinkedIn: / ryanpatryck
Key Chapters:
00:00 - Introduction
01:45 - Attraction
03:57 - Ideal Client
05:43 - Value Gap
07:12 - Timing
09:21 - Unprepared
12:44 - Dream Client
19:27 - Taxation
25:27 - Foxes
32:57 - Four Cs
40:34 - Success Stories
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