If you are involved in retirement and/or estate planning with clients who own their own business, can you do it accurately without knowing a realistic value of the business? You really can't, particularly by a seat-of-the pants guess by their advisors, but reliable valuations typically cost $8,000 to $15,000. But when you secure a valuation and the business owner has a buyer, a more important question emerges: Can I afford to retire?
In this video blog, I interview Insmark senior advisor Don Prehn to demonstrate this powerful tax advantaged idea for business owners and their quest to retire.
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Syndicated financial columnist Steve Savant hosts the weekly video talk show for consumers entitled, Right on the Money and anchors the weekend news update On the Money News.
Steve is also the host of the daily producer show, Thought Leaders. Steve is of the top online author and videographer of... More