Are Your Business Owner Clients Prepared for Retirement?
John Brown, Founder of BEI, sits down with Stacey McMahan, JD, CLU, ChFC, Sr. Consultant, Advanced Designs at Pacific Life, at the 2021 BEI National Conference to discuss the ins and outs of defined benefit plans. \n\nStacey discusses the specific variables that are associated with a plan like this: the cost, the expected timeline, and the tax ramifications to keep in mind. She also highlights that the age and salary of your client plays a huge role in how the plan is developed. Although this is a complex plan and it can be difficult to construct, Stacey highlights how simple it is to decide if this is the right plan for your specific owner clients. Help your owner clients be prepared for the exit of their businesses as well as their retirement.