NCBA CLUSA Hosting Two Webinars by Castle Wealth Advisors on Succession Planning, Protecting Net Worth During Retirement


Baby Boomers between the ages of 60 and 70 currently own an estimated 6 to 8 million closely-held family businesses in the U.S., making the coming decade a key opportunity for the cooperative movement to take advantage of high turnover of business ownership. Worker co-ops increasingly provide a great alternative to big-box buyout, closure or worse.

But what if you’re one of those business owners? Join financial planning and investment management experts from NCBA CLUSA Associate Member Castle Wealth Advisors for two upcoming webinars to help you prepare for succession planning and protect your net worth after the sale of your business.

On Tuesday, August 23, 2016, from 1 – 2 pm EDT, NCBA CLUSA will host “How Should Co-op Business Owners Prepare for the Succession/Exit Process.” After spending your entire career building your family business, how do you switch gears and start planning for a transition of the ownership—whether to your children or to someone within your industry?

During this webinar, you’ll learn:

• What to do now to get the highest value for your business
• What decisions you should make now to minimize taxes if you plan to sell within two to three years
• How to ensure you have enough capital to retire comfortably

Experts from Castle Wealth Advisors will answer these questions and more during this webinar. The ideas discussed will apply to the food industry, retail hardware industry, floor covering industry and many other purchasing cooperatives across the country with not only a strong organization, but also thousands of family business members. Click here to register.

On Tuesday, October 18, 2016, from 1 – 2 pm EDT, NCBA CLUSA will again host Castle Wealth Advisors for a webinar called “After the Sale: Protecting the Owner’s Net Worth.” Part of the process of selling your company to the next owner is to thoroughly review your net worth before and after the sale.

Will you continue to own real estate and receive rental income, or not? Do you have liquid assets that produce income? Do you have a large individual retirement account that will provide income? Understanding your net worth after the sale and how that net worth will provide for your future is critical.

During this webinar, you’ll learn to:

• Review your wills and revocable living trusts and determine if any provisions should be changed, such as pay out provisions for children, grandchildren, other beneficiaries or charities
• Determine whether the remaining assets in your net worth should be titled in your name, your trust name or a joint name with a spouse
• Take inventory of your liquid and illiquid assets
• Manage assets to protect you in the future
• Eliminate commissions to a brokerage firm and reduce annual expenses

Protect your net worth after the sale of your business and during your retirement. Click here to register. 

NCBA CLUSA and Castle Wealth Advisors are offering these webinars free of charge to the co-op community.

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