Confident Federal Retirement

I'm bringing this episode up to the forefront because of how important it is. Life can throw many curveballs our way. Listen in to gain insights into safeguarding your business, family, and legacy. Learn how you can ensure you're well-prepared for life's uncertainties and can exit your business with peace of mind.   -----   We help business owners: → Understand the complexity of navigating a busin...

In this episode of Business Exit Success, Laurie Barkman and I discuss the strategies, tips, and proven approaches for successful business transition planning. We discuss valuable insights to help business owners maximize their business's value during times of change. Whether you're navigating changes in leadership, ownership, or structure, we discuss key considerations to ensure a smooth transiti...

Are you constantly overwhelmed with tasks and struggling to delegate effectively? As a small business owner, your time is precious. In this video, I share proven delegation strategies that I personally use with my business owner clients to gain more time and focus on high-level business growth.   -----   We help business owners: → Understand the complexity of navigating a business transition → Ass...

Learn how the stock market works and how anybody who wants to invest for the long term can make money without stress and anxiety. I explain how inflation impacts our money, investing strategy, and investment mistakes to avoid. Enjoy!   -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and leg...

Required Minimum Distributions can drastically increase your taxes in retirement without proper tax planning. Learn how RMDs work and three ways to decrease taxes on your required minimum distributions using Roth Conversions, Making Qualified Charitable Distributions, or working longer.   -----   We help business owners: → Understand the complexity of navigating a business transition → Assess thei...

Buying and selling stocks, ETFs, or mutual funds can generate capital gains taxes, or capital losses and diminish your returns without careful planning. Understand how taxes work when investing in taxable and tax-advantaged accounts.   -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and leg...

In this episode, I explain how business owners can calculate the value of their business and three essential tips to start implementing today to increase the business value over time. -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspective → Plan for the next chapter of their...

Listen in as we dive deep into the often overlooked aspect of business ownership: understanding and leveraging the value of your business within your financial plan. As many entrepreneurs find the majority of their net worth tied up in their business, the reality of an illiquid asset that's challenging to convert into cash poses significant risks to retirement planning and financial security. This...

When you're ready for one‑on‑one help, visit https://gtwealthguide.com/federal-blueprint to request a personalized Federal Retirement Plan and schedule a call. We'll map out your federal benefits, TSP, Social Security, and tax plan on one page so you can retire from federal service without guessing.   In this episode I discuss why it's critical to annually review your listed beneficiaries on your...

Planning for the income distribution phase of retirement is absolutely crucial for business owners who want to secure sustainable income and long-term financial security for themselves and their families. Unfortunately, many business owners overlook the importance of thoroughly assessing their potential income during this critical phase. Failing to plan for the obstacles that may arise can signifi...

Taxes will be the largest expense you'll have throughout your entire life. In this episode, I will discuss 7 business owner tax strategies which include: Hiring Your Kids The Augusta Rule Section 179 General Business Expenses Primary Residence Exclusion (Section 121) 401k Retirement Contributions States with no income tax   -----   We help business owners: → Understand the complexity of navigating...

There's a reason the great Albert Einstein once said: "Compound interest is the eighth wonder of the world. He who understands it earns it…he who doesn't…pays it." Today I want to discuss: How compound interest works Why it is so important to get started investing much sooner than later How owners and entrepreneurs can take advantage of this concept and build wealth outside of their business   ---...

In this episode, I want to share some insight into the Private Equity space when selling a business because there are so many traps and mistakes that can be made. I'll share my experience as the Financial Planner and Exit planning advisor working with clients and the insights I've gathered from talking and working with experienced M&A advisors, CPAs, and attorneys.  We discuss: What traps and mist...

Having the right team in place that collaborates and is led by what I like to call a "Financial Quarterback" will be essential to integrating all your personal and business finances and wealth management needs. And that's what I will talk about today. What is the Financial Quarterback? Who should they be? What qualities should business owners look for when filling this role in their wealth managem...

As a business owner and entrepreneur, a disciplined approach to investing is absolutely essential. It's not just about your investment portfolio or 401k. It extends to every investment opportunity, including private equity and real estate. In this episode, we're going to unveil the secrets of disciplined investing, covering key topics such as: Decoding the significance of a target allocation and h...

Attention Small Business Owners: Gain Clarity on Exit Planning vs. Succession Planning for a Profitable Business Exit! Do you know the crucial differences between Exit Planning and Succession Planning? We will dive into: 🚀 The advantages of developing an exit plan ahead of time for a seamless business transition 🔑 Unveiling the true essence of succession planning and its significance for your bu...

Over 90% of business owners depend on the sale of their business to fund their retirement.  It's a staggering statistic that highlights the significance of this issue. While owning a private business can be incredibly rewarding and fulfilling, it also presents unique challenges when converting that ownership into liquid assets for retirement.  In this episode we will discuss: How to determine if y...

When a prospective buyer is interested in acquiring all or a portion of your business, they will have the opportunity to thoroughly investigate your books and records. They will get the chance to look at, analyze, and review everything.  This is the due diligence process. We will discuss: What goes into the due diligence process? When does it begin? Best practices to follow What documents are requ...

What do you do when you receive an "out of the blue" email from an acquirer interested in learning more about your business for a potential acquisition? This is what we are diving into today. We will discuss: How do you respond? Should you take an initial phone call? If you set up a call, what should you expect? What questions will you receive and what should you ask?   -----   We help business ow...

I was interviewed by Russell Farbiarz from the Not Minding My Own Business podcast and really  enjoyed our discussion on: What is exit planning and why it's important for owners in all stages of business Exit planning tips to regain your freedom Strategies to make your business more attractive to a buyer How to delegate more Knowing how much you would need to sustain your lifestyle post-transition...

In this episode, we discuss how to think through and evaluate your tolerance for risk after the sale of your business. You've worked your entire life up to this moment, learn how to protect what you've worked so hard for.    -----   We help business owners: → Understand the complexity of navigating a business transition → Assess their level of preparedness from a financial, tax, and legal perspect...

Over 90% of business owners depend on the sale of their business to fund their retirement. At the same time, less than 20% of businesses actually sell. This ends up being a huge risk for business owners who are looking to transition out of their business and retire.  Listen in as we discuss the three retirement income buckets, how they are taxed, and why accumulating assets in each will reduce you...

Have you ever thought about what you'd do if someone was interested in buying your business? Would you be prepared to have that conversation? Whether you plan to sell your business, pass it down to your children, or close up shop entirely, having an exit strategy in place is critical to navigating this process. Unfortunately, many business owners don't think about this until it's too late.  In thi...

Are you a business owner looking to maximize your retirement savings while minimizing your future tax burden? In this episode, we dive deep into the benefits of using a Roth IRA. We discuss contribution limits, how to utilize the "backdoor" Roth IRA conversion, the flexibility it can provide in having access to your contributions, and much more! We cover: What is the Roth IRA and how is it taxed H...

Did you know that 34% of entrepreneurs have no retirement savings plan for themselves? And many do not provide retirement benefits to their employees. So we kick off this episode by discussing common misconceptions preventing owners from setting up a plan for themselves and their employees.  We discuss common myths around setting up a 401k plan, explore the pros and cons of the Traditional 401k vs...