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Exit Planning Articles by Steven E. Zeller, CFP®, AIF®, CExP®
Steven E. Zeller, CFP®, AIF®, CExP®Co-Founder, President & Senior Wealth Advisor, Zeller Kern Wealth Advisors
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Along with traditional wealth advisement, which includes comprehensive retirement planning for individuals, and other financial planning, Steve has many years of experience working closely with first and second generation business owners, and their families. He advises them on growing and protecting their wealth, consults them on their company retirement plans, deferred compensation plans, solutions to build the value of their companies, and creating comprehensive written business exit plans.
Recent Articles posted by Steven E. Zeller
| Recent Articles posted by Steven E. Zeller |
How a Business Owner Can Effectively Plan Their Exit Many business owners are finding it difficult to retire or transition out of their business due to a lack of exit planning together with a challenging economic environment. Shrinking cash flow, net income and credit have forced owners into fight-or-flight mode. Several companies have successfully compensated by trying to expand sales and cutting costs. Many small to mid-sized companies, however, have experienced a drop in value, with no end in sight. Owners are also entering the chapter in their life when exiting their business in one way or another is becoming more probable. Unfortunately, the business may not be currently worth what they need it ... Read more What's Your Purpose in Retirement? Retirement can be an exciting milestone. It’s also a major lifestyle change. Oftentimes, your daily workday tasks (professionally or if you run your own business) will likely no longer exist. Transitioning into retirement for some is an easy process. Perhaps their profession is not their absolute passion, and they always had other pursuits and hobbies they are ready to explore once exiting from their day job. But for others, their profession or business is their passion. They put all their time and energy into it and are dedicated to their profession for many years. Now suddenly, retirement is on the horizon and work is coming ... Read more Utilizing a NING Trust as Part of a Business Exit Strategy The most commonly stated goals of an exit plan for a business owner are to exit their business on their terms, to receive the highest possible value (or their desired value), and to do so in the most tax efficient manner. It takes time to implement the process to accommodate those objectives. When a business owner rushes to sell their business many things can be overlooked including how to set up the exiting transaction in a way that minimizes taxation. Particularly in California, state income taxes are excessive in relation to other states, especially compared to states that don’t have any income taxes. For 2020, ... Read more Preserving Family Wealth is a Generational Effort Wealth within a family can be a double-edged sword. It can serve as an incredible resource to benefit its family members, but it can also be destructive and divisive. Destructive in the sense that if not properly tended to and respected, wealth can destroy the purpose and outcomes of individual family members, and divisive in the sense that it can damage the bond between family members and cause a splintering of the family. Wealth and the handling of wealth is a topic that has been discussed or written about throughout the ages, as it is mentioned in both the Old Testament and the Gospels within ... Read more Protect Your Business with A Solid Continuity Plan The Need For A Solid Continuity Plan A great characteristic of successful business owners is that they are optimistic people and will do what it takes to protect their business. They have a can-do attitude, setting their goals high, taking risks, hiring the right people, constantly striving to improve the delivery of their service or product, with a constant drive to build their entity into one of great significance. As a result, building a successful company may give the owner great pride in their achievements and a strong sense of identity. That is normal human behavior. But because of that, the thought of an event ... Read more |