Discuss two important planning topics after a business sale: 1) income replacement in zero interest rate environment, 2) emotional impact of transitioning from time poor to time rich. The first topic is around financial planning strategies to replace income from their business with lump-sum payouts. Second topic is discussing how they will spend their time after business sale, since often their time is defined by their business. Both of these topics affect virtually every business-seller.
*PLEASE NOTE: This meeting will utilize the Zoom Breakout Rooms feature. After registering for the event, you will receive a Zoom Link and Password from MemberExperience@beyondcepa.com. Please ensure you save this to your calendar to access the meeting. If you do not receive a confirmation e-mail within 15 minutes, please look in your Spam and Clutter mailboxes.
Equip advisors/practitioners with high level tools to discuss both of these topics, language matters! Case studies will be provided, along with talking points & best practices. Income replacement strategies can include fixed income, dividends, real estate income, capital growth, part-time consulting fees, board member positions, etc. and mindful spending. In concert with financial strategy, lifestyle choices include regiment health routine, right-size lifestyle risks, overspending, becoming “family bank”, philanthropic activities, etc. These are topics that all advisors should be aware of as we council clients through a business transition.
About the Presenter:
Learn from industry expert Dennis Clapp, CFP®, Executive Director, J.P. Morgan Los Angeles Private BankMeet the Presenter