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A succession plan will help assure business continuity If you’ve built a successful business, you know that having a plan is critical to making it work. By the same token, readying your business for your retirement, or to enable it to carry on if anything happens to you, is an important piece of the puzzle.

A succession plan will help assure business continuity If you’ve built a successful business, you know that having a plan is critical to making it work. By the same token, readying your business for your retirement, or to enable it to carry on if anything happens to you, is an important piece of the puzzle.

A succession plan will help assure business continuity If you’ve built a successful business, you know that having a plan is critical to making it work. By the same token, readying your business for your retirement, or to enable it to carry on if anything happens to you, is an important piece of the puzzle.

A succession plan will help assure business continuity If you’ve built a successful business, you know that having a plan is critical to making it work. By the same token, readying your business for your retirement, or to enable it to carry on if anything happens to you, is an important piece of the puzzle.

Which Service is Right for You? Investments - We can help you identify the best opportunities for growth and manage risk, ensuring that your investments are tailored to your unique financial situation and goals. With our guidance, you can feel confident that your investments are in good hands, and that your financial future has the potential to be secure. Retirement - Our team can help you develop a personalized retirement plan that takes into account your current financial situation, your long-term goals, and your risk tolerance. By working with us, you can ensure that you are on track to achieve the retirement lifestyle you desire. Business Owners - We can help you develop a financial strategy that is tailored to your business's unique needs and goals providing guidance on everything from bookkeeping and payroll to tax planning and cash flow management. Free up your time to focus on growing your business, while ensuring that your finances are in good hands. Life Insurance - We help you determine how much coverage you need based on factors such as your age, income, and family situation. In addition, we can provide ongoing support to ensure that your life insurance policy remains appropriate as your life circumstances change. Interested in going further? Click the link below to visit our website or give us a call at (610) 891-9700. https://bit.ly/3ZuSPVW

A succession plan will help assure business continuity If you’ve built a successful business, you know that having a plan is critical to making it work. By the same token, readying your business for your retirement, or to enable it to carry on if anything happens to you, is an important piece of the puzzle.

Optimization. It's a word that many Advisors find ourselves using quite a bit. What does it mean form a Financial Planning perspective? In many cases, this refers to the balance of the most benefit for the least determent. For example, optimizing a 401(k) match might mean putting in as little of your own money to maximize as much of your employer's money as possible. But is this idea the golden rule? Should we seek optimization above everything else? In short, NO! I had a wonderful meeting this past week with a new client that revolved around figuring out ways to increase her ability to save for retirement, beyond her 401(k). We prepared spreadsheets and ran numbers to determine what could only be described as the optimal combination of tools to accomplish her most beneficial outcome by the numbers. What didn't come as a surprise but did come as a great reminder is she preferred something that was simple and provided her flexibility for when life, or her goals shift at some point in the future. In summary, the reason you work with an Advisor isn't necessarily because you are looking to tackle a complex strategy, but because you want help identifying what fits your needs best and a sounding board to discuss private topics and goals to ensure you are aligned. What's an example of something you have chosen to focus on alignment over optimization with?

ARE YOU ON TRACK FOR RETIREMENT? For some, retirement is far away, but it’s right around the corner for others. No matter where you are in your retirement journey, it's crucial to ask yourself: Am I financially prepared? Let’s dive in! STEP 1: ASSESS WHAT YOU HAVE Add up the value of all your retirement account balances, including your 401(k), IRA, pension funds, and personal investments. STEP 2: DEFINE YOUR NEEDS Envision your ideal retirement lifestyle—will you travel the world, golf daily, or volunteer for a cause? Each lifestyle has different costs. Research the average expenses for your desired retirement location, activities, healthcare, potential long-term care, and unforeseen costs. The total cost of your ideal retirement lifestyle is how much your investments need to produce to support you during retirement. STEP 3: DETERMINE YOUR INVESTMENT GOAL The best method to assess your retirement needs is to meet with a retirement planning professional; however, you can use the 5% rule as a general estimate of what you may need. The 5% rule assumes that your investments will produce at least 5% annually. To estimate your investment goal using this method, divide your annual retirement costs by 5%—you should get a larger number representing your investment goal using this method. If you don’t think your investments will produce 5% annually during retirement, you can reduce the percentage to a number you feel more comfortable with. STEP 4: TAKE ACTION By this point, I hope you’re smiling because you’re on track to retire well. If this is the case, keep saving and monitoring your progress. Consider seeking professional financial advice for personalized guidance. If you are behind, don’t worry—you still have options! (1) Increase Contributions. Even small bumps can make a big difference over time. (2) Explore Catch-up Options. Many plans offer higher contribution limits for those nearing retirement. (3) Delay Retirement. Working longer allows more savings and Social Security benefits to grow. (4) Consider Alternative Income Streams. Part-time work, rental properties, or other investments can supplement your nest egg. Retirement planning is a journey, not a destination. Start early, stay informed, and adjust your course as needed. With consistent effort and smart planning, you can build a beautiful retirement! Disclaimer: This article is for general information only and does not constitute financial advice. Please consult a qualified financial advisor for personalized guidance based on your unique circumstances. If you want additional articles like these, check out my website at or contact me on Linkedin! I’m pretty sure it will be more entertaining than reading IMF economic reports!

👏 Please like & share the below post. Incredibly proud of Ciaran Scanlon, ACSI, IMC and the launch of his business, Fornells Wealth Management from 1st February. I’ve seen first hand how much hard work you have put into this, your motivation and dedication is incredible. #wealthmanagement #financialadvisors #pensions #retirement #investments

📣 Attention Small Business Owners! 📣 Are you aware of the hidden potential of your business? Your business is not just a source of income, it's your asset, your ticket to a comfortable retirement. At Bolster Risk Management, we've created a platform called 𝒀𝒐𝒖𝒓 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑰𝒔 𝒀𝒐𝒖𝒓 𝑨𝒔𝒔𝒆𝒕 that aims to guide you on how to leverage your company to achieve your retirement dreams. 🚀 The ultimate achievement? "How to get out of your business, in the manner that you want, for the maximum price, at the time you want it - 3 Principles to get you there" 🏆 Our three principles are: 1. **Protect Against Risk**: We deal with financial risk management, using insurance to mitigate risks. This includes Key Person Cover, Shareholder Protection, Business Costs, and more. We also offer group schemes (staff benefits) for health and life insurance. 🛡️ 2. **Find Value**: We help you with business strategy; how to grow business value, protect value, extract value and ultimately transfer value as you near retirement. 📈 3. **Build Wealth**: We look at your retirement and investment needs, determining how much capital is required to give you the desired retirement lifestyle. 💰 Each of these principles comes with a personalised plan created as part of our platform. But here's the thing: many small business owners haven't really thought about these problems. They haven't considered the costs or the consequences. They haven't done the math to work out the cost of inaction, of not solving these problems. Life is busy, and it's easy to get bombarded by all sorts of conflicting needs and priorities. That's where we come in. We're here to help you navigate these challenges and turn your business into your greatest asset. If you're a small business owner with a team of 5-20, let's connect and start the conversation about how we can help you achieve your retirement dreams through your business.