Month: March 2021

Episode 60 – Want To Retire Early? Think About These Things First!

Episode 60 – Want To Retire Early? Think About These Things First!

Some people retire early, some at the traditional age of 65, and some keep following their passion even after retirement. But in every scenario, it’s important to plan for it – both financially and emotionally!

In this episode, Tim Scannell answers the most frequently asked questions about retirement. He discusses several strategies that help you create a solid parallel path for a time when you’re finally ready to finish work and live your dream retirement.

In this episode, you will learn:

  • How to analyze your expected income & expenses, identify cash flow gaps, and effectively address those gaps
  • Why medical insurance is a crucial part of preparing for retirement
  • The importance of tax planning to better preserve your retirement income
  • Multiple examples of how we have helped our clients achieve their retirement goals
  • And more!

Tune in now to learn how you can re-evaluate your retirement goals, and lay out a robust plan to accomplish them!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell | Tscannell@hightoweradvisors.com | Episode 8 – What is a Lifelong Learning Plan? | Episode 11 – The Softer Side of Planning: Downsizing and Retirement

Episode 59 – 10 Must-Ask Questions to Optimize Your Business Exit

Episode 59 – 10 Must-Ask Questions to Optimize Your Business Exit

During COVID, a lot of people needed to take a step back and re-evaluate their business plans. But what is it exactly that you should focus on while planning the future of your business?

In this episode, Tim Scannell goes through a list of the 10 most important questions that every business owner should consider while planning their business exit, whether it’s in the near future or several years down the line. He also discusses how you can determine your post-retirement needs, and ways to align your exit strategy with those needs.

You will learn:

  • Why you should think about all potential obstacles both at the beginning and towards the end of the planning process
  • Tips for maximizing the value of your business sale
  • The importance of retaining key employees using incentive plans
  • How to ensure a smooth transfer of ownership to your successor – internal or external
  • And more!

Tune in now to learn how you can optimize your business exit and earn maximum value to fulfil the needs of you and your family!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell | Tscannell@hightoweradvisors.com | Using Short-Term Key-Employee Incentives to Increase Sale Price | BizEquity