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Interview Patty

Are You Ready To Retire?

30-June-20146 Tips For Preparing For An Early Retirement Now

1) Cash Flow Positive? Invest! - Start as soon as you can and invest in tax-efficient retirement plans such as an SEP IRA, a SIMPLE-IRA, a traditional 401(k), a Solo 401(k), a traditional IRA or a Roth IRA.
2) Have a Solid Financial Plan and Revisit it Often - Proper planning should take into account tax planning, investments, employee costs (health insurance, wages, benefits), profit-sharing plans, and succession goals.
3) Build Your Business as an Asset - Look for ways to grow it as a sustainable and attractive asset so that it’s profitable even when you are not there – and retains its appeal to potential buyers.

4) Get the Right Healthcare Plan – Today! - Don’t wait to see what Medicare will and won’t cover by the time you retire, or you run the risk of spending all your retirement savings on medical bills.
5) Plan Your Exit Strategy Now - How can you retire without destroying the business you spent a lifetime building? Your business may be your largest asset, and deciding what happens to it can impact your retirement income, your family’s wealth, and the life of the company after your departure.
6) Keep on Working? - Can’t imagine retiring full time? Know you’re going to need some additional income and benefits after you retire? There are many post-retirement career options to consider, but as more retirees look for part-time or freelance work, it’s going to become an increasingly crowded space. So plan ahead now.

Read the full article at: http://www.sba.gov/community/blogs/7-tips-preparing-early-retirement-now

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

30-June-2014-

Financial strategies for small business.

Business consulting for women entrepreneurs in Houston, Advice for women entrepreneurs, Business Coach in Houston, Growth strategies for small business, Business continuation for women, Growth for women-owned businesses, Houston business coaching, financial strategies for small business, small business consulting in Houston, business management consultant

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