Numerous studies tell us that those who have enough guaranteed lifetime income to cover their necessities spend the most money and worry the least about what might happen to their assets. The more guaranteed income, the happier the retirement. So why worry, be happy!
Retiring business owners will have other worries when they sell their business having never completed a business succession plan. The day the business goes on the market the vultures will begin to circle, looking for a bargain. If no vultures show up, forced liquidation becomes the only option. Your retirement will begin with the unhappiest of events.
A small percentage of people are well prepared for retirement with plenty of guaranteed lifetime income and a surplus of assets that will cover every conceivable emergency. Yet their worries are just different. What is the optimal plan to transfer those assets to heirs or charities? There are potentially huge transfer costs that create a whole new retirement planning problem. Wills, trusts, and gifting plans are the tools you need to solve these problems.
I will assemble a team of highly qualified professionals who will help you create a plan that addresses all of this and enables you to have a truly happy retirement.
If a Charitable Gift is in your plan, I am a co-founder of the Longmont Community Foundation. My own estate plan allocates a high percentage of my assets to charity. I have been showing clients how they can make large gifts to their favorite charity without impacting their children’s inheritance for many years.