Selling Your Business for $1M: Is It Enough To Retire?
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Selling Your Business for $1M: Is It Enough To Retire?
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About this listen
Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment
For many business owners, the company isn’t just work; it’s the retirement plan. No 401(k). No diversified portfolio. Just years of sweat equity tied up in one asset. So, what happens when you finally sell? Phil explains what really happens during a business sale and tackles an even bigger question: once the check clears, how do you turn that lump sum into sustainable retirement income?
Here’s some of what we discuss in this episode:
📑 Transaction Structure: Asset vs stock sale
💵 Tax Implications: Capital gains impact
📊 Retirement Planning: Income from proceeds
🧭 No Investing Experience? The learning curve is steep
📈 Diversification: Avoid concentration risk
For more, visit us online: http://philstaxhacks.com
Watch the video podcast on YouTube: https://bit.ly/3WdDG96
Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome