Sell a Business to Cover Retirement?

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potogold“Don’t count on it” according to a recent article in the NYTimes. Not unless you have done some essential planning in advance. Here is what you need to do:

  • Consistently set aside retirement savings.
  • Choose the proper type of instruments for your investable assets.
  • Know when to preserve your personal funds even if it might constrain the business.
  • Know what your business is worth.

That last point is the keystone. “If selling your business is any part of your retirement plan….it is essential to know what your business is worth. And it is important to start tracking its value long before your plan to sell.”

Read the full article here…then ask your Apex Advisor to recommend a valuation for your business so you and your financial planner can plan accordingly.

Paul Temme
Senior Advisor