Tips For Business Wealth Management Business owners work hard at perfecting their business to make a living, earn a profit and ultimately sell or transition the business to another group of owners or family members. At the end of the year, our income statements and balance sheets generally indicate whether we were successful. You work incredibly hard to streamline operations, … Read More
How My Last Business Wasn’t a Failure, but Instead a Really Expensive Life Lesson
I want to think my perspective on this subject is unique. In fact, it’s the basis for my current business. I believe that not unlike many business owners, funding my retirement was largely predicated around the success of my former business and how I would transition that business into my golden nest egg. Well, the fact that it was … Read More
8 Clever Uses of Life Insurance by Business Owners
Not many people say they love buying or the process of buying life insurance. Who wants to discuss the eventual demise of oneself? There are certain situations which are reliant upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner. There are, however, clever uses of life insurance by business … Read More
3 Unique Ways That Business Owners Can Fund Their Retirement?
In light of all the changes proposed by the Federal Liberal Government in July 2017, the sensitivity around the excessive taxing of small business owners has raised some eyebrows. The proposed changes took into consideration heavily taxing any passive income that exists within a business, scrutinizing how business owners sprinkle income to family members and some other controversial measures. Even … Read More
Starting an Insured Retirement Plan to Ensure Your Retirement Goes as Planned?
Maximizing High Net Worth to Fund Retirement Plans for Business Owners So why would you want to set up an Insured Retirement Plan as a business owner? To dividend out your retained earning subjects you pay taxes at your personal marginal tax rate. Depending upon how much you pay yourself (Salary, Bonuses, Dividends) in any given year can mean that … Read More
4 Key Things to Consider When Building Business Owner Wealth
The Keys To Building Business Owner Wealth You’ve built a thriving and successful business. You continue to be profitable and continue to reinvest into your business while building wealth for your eventual retirement. You have a succession plan in place and a plan to exit the business at some point over the next 15 years. The plan is to work … Read More