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Retirement planning for the business owner 12/2007
Retirement planning <ul><li>Start as soon as possible, do not wait until you can “afford” it </li></ul>
Retirement planning <ul><li>Take at least 20% of your profit from the undertaking annually  and invest it elsewhere </li><...
Retirement planning <ul><li>Make use of the services of professional persons/institutions to  manage your investments </li...
Retirement planning <ul><li>Use tax concessions optimally </li></ul>
Retirement planning <ul><li>Do not rely on the selling price of your institution as your only  retirement capital </li></ul>
Retirement planning <ul><li>If your children take over your business from you, ensure that  you have an alternative source...
Retirement planning  <ul><li>If one of your children is going to take over the business from  you when you retire: </li></...
Retirement planning <ul><li>Plan for your retirement, even if you think that you can  work until the day that you die – th...
Retirement planning <ul><li>Review your retirement plan and your investments regularly </li></ul>
 
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Retirement Planning For Business Owner

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Transcript of "Retirement Planning For Business Owner"

  1. 1. Retirement planning for the business owner 12/2007
  2. 2. Retirement planning <ul><li>Start as soon as possible, do not wait until you can “afford” it </li></ul>
  3. 3. Retirement planning <ul><li>Take at least 20% of your profit from the undertaking annually and invest it elsewhere </li></ul>
  4. 4. Retirement planning <ul><li>Make use of the services of professional persons/institutions to manage your investments </li></ul>
  5. 5. Retirement planning <ul><li>Use tax concessions optimally </li></ul>
  6. 6. Retirement planning <ul><li>Do not rely on the selling price of your institution as your only retirement capital </li></ul>
  7. 7. Retirement planning <ul><li>If your children take over your business from you, ensure that you have an alternative source of income </li></ul>
  8. 8. Retirement planning <ul><li>If one of your children is going to take over the business from you when you retire: </li></ul><ul><ul><li>identify your successor in good time </li></ul></ul><ul><ul><li>train your successor </li></ul></ul>
  9. 9. Retirement planning <ul><li>Plan for your retirement, even if you think that you can work until the day that you die – the state of your health could force you to retire. </li></ul>
  10. 10. Retirement planning <ul><li>Review your retirement plan and your investments regularly </li></ul>
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