Whether retirement savings will last throughout one’s remaining lifetime is a common concern for most everyone when thinking about withdrawals from savings to provide the necessary income to cover future spending.
Whether you are approaching retirement or actually already hopefully enjoying this time of your life, you need to know how to make sure that your income will be sufficient and also last as long as you live.
For years, financial planners have advised clients to replace 80% of their pre-retirement income in order to live comfortably in retirement, but you may need less retirement income than you think.
Business owners are often faced with the questions, "Do I need a buy-sell agreement?" The answer is "Yes", but only if the buy-sell agreement is properly designed and drafted and fits your situation.