Dec 6, 2021
In episode 388 of Financially Simple, Justin and Jeff Jeter discuss some common retirement myths.
When you’re planning on selling your business and settle in to retirement, there might be one or two things that you’ve heard and believe that actually are not true, and so when the time comes you might get an unexpected shock. In this episode, Justin and Jeff consider some of the most common retirement myths that Business Owners believe, and the truth behind them.
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00:42 - Retirement Myths Business Owners Believe, with Jeff Jeter
02:32 - Your Baby is Ugly
03:59 - Timing, Timing, Timing
05:51 - What’s Your Number
07:04 - Intent and Due Diligence
08:47 - Timeframes
10:57 - Diversification
13:00 - The Tax Triangle
14:28 - Take-aways
15:40 - Money, Money, Money
17:37 - Summary
Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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Advisors who wished to be ranked in Investopedia’s Top 100 Financial Advisors list either self-submitted answers to questions compiled by Investopedia or were nominated by peers. Rankings were determined based on the number of followers and engagement on social media, primary contribution to professional industry websites, and their focus on financial literacy. Neither performance nor client experience, however, were considered. No compensation was paid by WealthSource Partners, LLC or Justin Goodbread to secure placement on Investopedia’s Top 100 Financial Advisors List.
The Exit Planning Institute's Leader of the Year is awarded to a nominee who is a CEPA credential holder who has made a significant impact or contribution to the exit planning profession or overall community through innovation and influence and is viewed by the Exit Planning Institute as a thought leader, risk-taker and specialist while showing characteristics of collaboration.
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