Matthew McNelis

Background

About Matthew McNelis

For small business owners and those on the cusp of retirement, the journey towards your golden years can seem like preparing for the climb of a lifetime. It's about having the right gear and a map to guide you through the new terrain of income distribution as you approach the summit of your working years. Before you set off on this trek, it's crucial to be equipped with knowledge and a plan. Here are some strategic waypoints to keep in mind:* Evaluate Your Current Position: Take stock of where you are financially. Understand your assets, liabilities, and current cash flow to paint a clear picture of your starting point.* Envision Your Desired Lifestyle: Determine your ideal life's post-retirement. Does it involve travel, a new venture, or a hobby? This vision will guide your income distribution plan.* Create Multiple Income Streams: Diversify your income sources. Consider rental income, dividends, or even part-time consulting within your expertise. A mix can offer more stability.* Understand Tax Implications: Each income stream has tax consequences. Be mindful of these and plan your investments in a tax-efficient manner.* Regularly Review and Adjust: Your plan should be a living document. As your circumstances evolve, so should your plan. Regular check-ins can help you stay on course. At Comprehensive Planning Concepts, we're committed to guiding you up the mountain of Strategic planning with care and precision. Drawing from a wealth of experience and a suite of robust resources, we craft custom strategies that are as unique as the lives and businesses of our clients. Together, we'll develop a clear, actionable plan that supports your journey up to and through retirement, providing you with the clarity and confidence to reach new heights. I am not sure if you are exploring Strategic planning, but if you are, I invite you to have a brief conversation. Whether or not we decide to work together, I am confident our call will offer significant insights into your planning. Schedule a meeting with me: https://calendly.com/mmcnelis/30min … or contact me: mmcnelis@htk.com |(551) 208-9236