I just turned 50, and I’m finding that the more I study these baby boomers who are in transition out of their lifetime businesses and ready to sell their business, just one thing keeps standing out...
BOOK A PROFITABILITY CONSULT NOW:
Since they didn’t scrape enough gold off the table, they’re demanding an unreasonably high price and high multiple for their business because they need all that money to have enough of a nest egg to actually retire and live off the interest or dividends.
When selling, from one owner to another, don't end up being your own worst enemy! What I find is if that the business owner is demanding way too much for their 'baby', the developed and self-functioning business, and holding up the sale. Or, even worse, losing the interested buyer, who was actually serious about making an offer, and negotiating reasonable terms. All this, because the owner put ALL THE MONEY BACK INTO THE BUSINESS, and failed to “scrape enough gold off the table every month” into an old-fashioned:
1. Self Setup Pension ($245,000/yr)
2. IRA ($7,000)
3. Solo-401(k) ($76,500*)
If you actually still are calculating inflation at publicly stated numbers, traditionally at 3%, which the liars put out there as a long term inflation, in these unprecedented times of overprinting ad nauseam, you will NOT be prepared accurately. With the printing of never-seen-in-the-history of the USA, that is, trillions of dollars by the global Federal Reserve Scam System and the ongoing rollout of the global take over plan by the WEF and BIS. The real inflation is at a minimum 7%, and possibly 12% to 17%; nobody really knows. The currency abusing feds have gone full-on haywire, and are beyond beyond in being out of control, and they are blowing the world currencies up and ruining all fiat money's buying power, so they can roll out this WEF global control mechanism known as the central bank dollar coin or CBDC coin. This is their enslavement solution to money being decimated by their own printing. Gold and Silver ARE the only real money. If you are actually paying attention, you have been accumulating silver and gold physically. Overprinting is run by Rothchild descendents, with their planned global stranglehold banking system and in unison with the 3000 oligarchs of planned chaos. Most of us are wondering if they have any power to stop it. There is a solution. *DM me for a more private solution to 'un-contract' from the unrealized legal ramifications of their systems in place. Their is freedom from their matrix.
Back to basics, that you CAN easy affect, TODAY:
As the owner of one’s own business, he or she probably won’t have the:
$10 million at age 65 that they’re gonna need
to spin off the minimum viable survivable interest
via the endowment fund created from the biz sale,
of 5% at age 65,
which will be guaranteed by a multibillion-dollar A+ rated insurance company,
to direct deposit monthly checks to the tune of an annual tally of $500,000 per year,
which would be about the equivalent of $120,000 now,
adjusted for future inflation 15 years out.
It’s really hard to plan and calculate when you don’t know what the Federal Reserve is gonna actually do with their quantitative easing approach which neither eases anything nor quantitatively fixes anything. It's more of the same with silver-tongue liars continually scamming the world of their wealth, by the printing of fiat currency.
*If you haven’t read the book, “The Creature from Jekyll Island”, by Edward Griffin, now is the time to stop and go read the entire book or watch the video on YouTube at a bare minimum. (You are out of integrity if you continue to read without this right of passage on the creation of money as debt.)
NEXT STEPS:
STLPSI will:
Set up your old-fashioned pension for you and your partner,
Implement an automated monthly savings plan to, 'scrape monthy profits off the table"
PRE-TAX and pre FICA,
UP TO $245,000+ each, and every year,
Into tax-free compounding accounts
Until your EARLY RETIREMENT is reached
Allowing for your, "Relaxed Exit', from your company
For an agreeable negotiated sales price.
PS: If you'd like to find out how to NOT get the agnostic exit of 3 Times EBITDA, and go more for a 10S or a 20X, engage us to establish, 'The Secret' !
With our help as your “Profitability Consultant”, we can:
Position you to make an extra $600,000+ per year for the business so that we can
Put into your Pension annually, which will turn into $6 million per decade, before any compounding of interest.
We just have to CREATE an EXCESS GROSS cash flow annually of that extra $600,000, that is annually forecastable, because we can’t set up these old-fashioned pensions unless you commit to definitely do the set contribution for five years in a row at a minimum and 10 or 20 is usually a better plan.
BOOK A PROFITABILITY CONSULT NOW:
*Solo 401k:
In 2024, the maximum contribution to a solo 401(k) is $23,000 for employee contributions, plus an additional 25% of compensation as an employer. This means that the total contribution limit for 2024 is $69,000, or $76,500 for those who are 50 or older.
*IRA:
The maximum contribution to an individual retirement account (IRA) for the 2024 tax year is $7,000 for those under 50 and $8,000 for those 50 and older. This limit applies to both traditional and Roth IRAs, and is an increase of $500 from the 2023 limit of $6,500 for those under 50 and $7,500 for those 50 and older. The limit also applies to the total contributions made to all IRAs in a year, and cannot exceed the account holder's taxable compensation for the year.
*412(e)(3) Contribution Limits in 2022
The 412(e)(3) contribution limit in 2022 is $245,000, up from $230,000 in 2021. This is rather high in comparison with other IRA limits, which makes this defined benefit plan a great choice for employers who have older, highly paid owners and few non-owner
employees.
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