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Retirement

Accountant vs Financial Advisor: Setting Expectations

By Business, Retirement No Comments

If you’ve asked yourself this question before you’re not alone. Many people think that a CPA or accountant and a Financial Advisor are one in the same, but that is not the case. Although some of their knowledge may overlap and there are some professionals that may be licensed for both, there is a distinct difference. So, what should you expect from your Accountant vs…

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Retirement Planning for Gym Owners

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Ok guys, hard facts time… You cannot count on selling your gym as your only retirement plan. That’s just not how it works in this industry, unfortunately.    The truth, at best, with great systems and resources, I have seen gyms sell for just a little more than their annual revenue.   Typically, however, a gym would normally just be purchased for its assets.  …

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Learning to Cash Out Without Selling Out

By Business, Retirement, Tax Strategy No Comments

Cash Out Without Selling Out The Human Dimensions of Exiting a Business Provided By:  Jake Rust, Northwestern Mutual Of all the things an entrepreneur thinks about, exiting the business isn’t usually top of the list. Yet without a formal succession or transition plan, a closely held business risks not only its longevity, but also its bottom line. That’s because a lot can happen along the…

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