Strategies for retirement

Your business can play a key role in your retirement.

If you’re planning to retire, your business can generate income based on its value, the strength of your buy-sell agreement, and proper funding. Or maybe you don’t want to retire. With careful planning, whatever you envision for your future is possible.

Get started with the right questions.

  1. What is your retirement income goal?
    If it’s selling your business, make sure your buy-sell agreement does what you need to ensure a buyer and fair price for your business.
  2. Do you know what your business is worth?
    Without knowing the value of your business, it’s hard to determine how much it can contribute to your retirement income. And it could be problematic for you and your successors if your stated value is more or less than your business’s current or actual value.
    Read more about business owner retirement planning (PDF).
  3. Do you have a plan in place for a smooth transition?
    A buy-sell agreement that reflects your intended buyer, the terms of the agreement, a purchase price, and timeline of the sale helps everyone involved in the transition and can help avoid costly delays and arguments among owners.

Learn more about buy-sell agreements (PDF).

In our complimentary analysis, we’ll look at the value of your business, your personal savings, and any transition plans you have in place, then give you personalized recommendations for improving your strategy. Check out an example of an analysis you could receive (PDF).

Reach out

Talk with a financial professional.

Talk to your financial professional to help you review your strategy for retirement. Don’t have one? We can help.

Find a financial professional

This communication is intended to be educational in nature and is not intended to be taken as a recommendation.

Insurance products issued by Principal National Life Insurance Co. (except in NY) and Principal Life Insurance Co. Plan administrative services offered by Principal Life. Principal National and Principal Life are members of the Principal Financial Group®, Des Moines, IA 50392.

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