Early retirement requires a solid plan. For business owners who retire early, retirement does not mean quit working and stretch your money. It means setting up sustainable income streams that do not require day to day involvement.
Early retirement may include the sale of the business, but it does not have to. Keeping the business operational without regular involvement is a viable option to fund early retirement. However, this may not be enough. A solid early retirement strategy requires tools and investments not correlated to the business.
Thornwood Financial helps business owners develop and implement a plan to help fund early retirement. Everything starts with a vision. We help our clients to create that vision, estimate the financial needs to realize it and implement the strategies to fund it.
IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation.
Investments in securities are not suitable for all investors. Investments in any security may involve a high degree of risk and should only be considered by investors who can withstand the loss of their investment. Prospective investors should perform their own due diligence carefully and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA / SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA). Thornwood Financial is independent of CIS, CAM and CIA. To access Concorde’s Form Customer Relationship Summary (CRS), please click here.
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This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.