Business Investment & Retirement
When it comes to owning and running a business, you need to have a plan for before, during and after. The strategies listed here are guides to help you to make more informed decisions from the time you are actively involved in your business until the time you retire and hand it over to the next generation.
Protect your business and family
Whether you’ve started your own or have purchased an existing business, we know that your decisions directly affect your family’s financial well-being. Here are a few things to consider when it comes to starting your business and protecting your family:
- Proper business formation, ownership structure and documentation
- Paying yourself first
- Business valuation
- Protecting the business in case of premature death
- Creating a legacy or trust to pass on your business
Create a retirement plan for yourself
At JVB Investment Management, we understand that your immediate priority is your business and not necessarily your retirement. Our investment professionals will work with you to understand your needs and to create a customized plan which fits both your family’s and your business’s needs. Starting small now will lead to better options down the road for protecting your family and your business.
- Saving for retirement
- Asset management
- Transferring wealth to your beneficiaries
Create a retirement plan for your employees
Attracting great employees to work in your business is tough. After you find those employees, retaining them can be even more difficult. Your employees have the same issues that you and your family face, planning for the future and saving for retirement. Deciding on the right plan for you and your employees is a difficult decision. Your JVB Investment Management team understands the many different types of retirement plans and how they work to serve the needs of you and your employees.
- 401k, 403b and 457 plans
- Pension plans
- Profit sharing plans
- Simple and SEP IRA’s
Transitioning your business to others
Deciding who will run your business after you retire is one of the toughest and most critical challenges a family-owned business can make. However, succession planning may also be an opportunity to create a lasting family legacy for generations to come. Let JVB help you decide the best course of action.
Plan Your Departure
Have you thought about how you are ultimately going to withdraw from your business? Are you planning on handing the business over to the next generation, current partners or employees or are you selling to a larger firm? Many small business owners think about eventual retirement but have no exit strategy in place. Remember, a business exit strategy not only means having a plan for the unexpected, including selling your business, it also means planning for retirement.
Here are a few things to consider:
Develop a Succession Plan
There is no "one plan fits all" when it comes to developing a succession plan for your business. Our commercial lenders and trust officers are experts in business transition planning. Have peace of mind knowing we are working to help you and your family bring success to the next generation of entrepreneurs.
Invest in yourself
Too many times, business owners only re-invest excess cash into their business and forget to invest in their own future. Creating and then funding a retirement plan is an important step in the business transition process. Investing in your own future brings you a greater sense of financial security that can be very helpful when it comes to leaving your business.
The Process of Exiting Your Business
When it comes time to exit your business have you thought about your employees, asset, or taxes obligations?
Before you begin to sell, retire, or leave your business, talk to our commercial lenders and trust officers to ensure you are setting up a path for a successful and smooth transition.
Like you, we believe that non-profits play an important role in creating a vibrant and thriving community. Business owners and individuals who understand local needs are critical to the success of the community as a whole. As your financial partner, we understand the challenges that non-profit organizations face. The JVB Trust Department works hand in hand with local charity boards and financial committees to achieve your organization’s ultimate goal; the enrichment of our community.
- Crafting an investment strategy and objective statements
- Meeting your fiduciary responsibilities
- Asset management
- Consultative meetings
- Foundations and endowments
- Socially responsible investments
Special note about investment products:
Products available through Cetera Advisor Networks LLC include mutual funds* and fixed and variable annuities*, along with life and long-term-care insurance.
Other investment services are IRA rollovers, retirement and education funding evaluations, small business retirement plans, and FREE portfolio and asset allocation reviews.
*Investor should consider the investment objectives, risks, charges and expenses of the funds carefully before investing.
Not all services are available at all locations.
NOT A DEPOSIT - NOT FDIC INSURED - NO BANK GUARANTEE
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY - MAY LOSE VALUE