Tag: retirement

IRA’s and Nontraditional Assets

Upon retiring, many corporate executives and other employees decide to start a second career.  In some cases, these people roll over funds from their corporate retirement accounts to an individual retirement account (IRA).  The IRA then purchases a business that the person runs.  The goal, of course, is to avoid currently paying tax on the […]

Written by on May 20, 2016

Cashing Out of the Corporate Business

Business owners frequently plan to fund their retirement with the proceeds from a sale of their business.  However, they frequently fail to take the steps necessary to maximize the after-tax proceeds from the sale.  One such step relates to closely-held corporations and involves making an “S election” for tax purposes. Often, a small business will […]

Written by on April 8, 2016