September 06, 2025

GRFTFS: Steps for a Business Succession Plan?

Listen Later

36 minutes

"I’m 58, own a small service company, and would like to retire around 65. I don’t have a formal succession plan or buyer lined up. What steps should I take now to transition out without leaving value on the table?" We're answering YOUR questions on this week's Get Ready For The Future Show! And we're joined by special guest Kaleigh Marsh, Employee Benefits Consultant with Gallagher, for help answering your benefits questions!

I’m 51 and run a consulting business with just me and one part-time assistant. I already max out my Roth IRA, and my SEP IRA contributions vary based on income. I’d like to save more consistently—should I switch to a Solo 401(k), or consider taxable investments for more flexibility?

I’m 47 and recently converted my business from sole proprietorship to an S-Corp. I’m taking a salary plus distributions, but I’m not sure I’m using the best tax strategy. What should I be thinking about from a financial planning standpoint?

My wife and I are both 55 and run a family business together. Most of our net worth is tied up in the business, and we’ve fallen behind on personal retirement savings. How do we balance reinvesting in the business with securing our own future?

And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to [email protected]!

Originally aired 9/3/2025

...more

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The Get Ready For The Future Show

By GenWealth Financial Advisors

4.1

1919 ratings

September 06, 2025

GRFTFS: Steps for a Business Succession Plan?

Listen Later

36 minutes

"I’m 58, own a small service company, and would like to retire around 65. I don’t have a formal succession plan or buyer lined up. What steps should I take now to transition out without leaving value on the table?" We're answering YOUR questions on this week's Get Ready For The Future Show! And we're joined by special guest Kaleigh Marsh, Employee Benefits Consultant with Gallagher, for help answering your benefits questions!

I’m 51 and run a consulting business with just me and one part-time assistant. I already max out my Roth IRA, and my SEP IRA contributions vary based on income. I’d like to save more consistently—should I switch to a Solo 401(k), or consider taxable investments for more flexibility?

I’m 47 and recently converted my business from sole proprietorship to an S-Corp. I’m taking a salary plus distributions, but I’m not sure I’m using the best tax strategy. What should I be thinking about from a financial planning standpoint?

My wife and I are both 55 and run a family business together. Most of our net worth is tied up in the business, and we’ve fallen behind on personal retirement savings. How do we balance reinvesting in the business with securing our own future?

And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to [email protected]!

Originally aired 9/3/2025

...more

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