If you are like most business owners, you have invested a great deal of time, energy and financial capital in your company. You are expecting to reap the benefits of all your hard work when you are ready to retire, either by transitioning it to an internal successor or through a lucrative sale. Unfortunately, “I am going to sell my company” is not a retirement plan.

Factors beyond your control may put a wrench in your plan.

  • What if you can’t find a buyer when you are ready to sell?
  • What if the economic conditions are negative and you can’t sell for a decent price?
  • What if you don’t identify a candidate to take over your business when you are ready to retire?
  • What if health or other personal emergencies arise and you need to tap into your savings earlier than expected?

Through your company’s retirement plan, you can take economic value from your business in a disciplined and structured way; allowing you to save for your future without putting your personal wealth at risk.