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It Can Take 10 Years to Retire Right, and Here's Why

  • 24 September 2014
  • Author: Cari Holbrook
  • Number of views: 3850
  • 0 Comments
It Can Take 10 Years to Retire Right, and Here's Why
Meet Ted. Ted is a C Corp owner who is ready to retire by selling his $1 million worth of stock in the business. Not a bad retirement, right? Let’s take a closer look. The long-term capital gains tax for Ted is $240,000. And the buyer? His tax bill is even worse. Let’s say, in this scenario, the buyer’s income tax bracket is set at 39.6 percent.
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For corporate professionals handling multi-million dollar budgets and VIP accounts, the day-to-day accounting can be daunting.  “We sought out Steven because of his expertise with start-up capital issues. His team has propelled us forward... --Jason and Colleen Benavides, Bahama Buck's Leon Springs, Owners   >>Read more

"The Bankler motto is true; we really have saved money. Steven helped us restructure and find smarter ways to do business. Other accountants will tell you, ‘I don’t see anything in the tax code that says we can do it.’ Steven will tell you, 'I don't see anything in the tax code that says we cannot do it... --John F Dini and Leila Dini, MPN, Inc., Owners   >>Read more

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