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.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the #1 online author and videographer of insurance content. Steve has been cited on FO... More