Im considering my fourth buy out in 7 years. This particular buyer will legitimately be a competitor should I not sell, and for that they are offering close to double what the others have at a multiple of 6-7 earnings. For my small size and industry that is a very, very fair offer, assuming no major clawbacks during diligence. The offer should come as early as next week to a month. We are 6 months in.
If I take it I may be obligated to work for them for a year or two though I'm going to try and get out of that and do contract work for living experience expenses until my wife's business(practice) is big enough for me to join and support perhaps 2/3 the standard of living we have enjoyed. At my income level I haven't had diddly in terms of available tax qualified investments for about 9-10 years save the simple IRA we do for our employees. Much of my earnings were reinvested into the business. So I am heavy in RE, including SFH and CRE, have some whole life products(save the criticism) that I plan to fund with cash from leasebacks from the buildings we operate out of until age 62-63. I'll be 48 by the time this deals close, if it ever makes(giving it a 50/50 chance)
I'm nervous as hell as what to do with a lump sum of money. Put it inside a trust and passively sit in in the market? With all gains taxed. I hope not to need it for 15-20 years and have hopes to leave behind a large amount for kids and GK while enjoying a comfortable part time working retirement. Over 15-20 years how much should I expect that money to grow, net of inflation? Let's pretend it's 1 million.
If I take it I may be obligated to work for them for a year or two though I'm going to try and get out of that and do contract work for living experience expenses until my wife's business(practice) is big enough for me to join and support perhaps 2/3 the standard of living we have enjoyed. At my income level I haven't had diddly in terms of available tax qualified investments for about 9-10 years save the simple IRA we do for our employees. Much of my earnings were reinvested into the business. So I am heavy in RE, including SFH and CRE, have some whole life products(save the criticism) that I plan to fund with cash from leasebacks from the buildings we operate out of until age 62-63. I'll be 48 by the time this deals close, if it ever makes(giving it a 50/50 chance)
I'm nervous as hell as what to do with a lump sum of money. Put it inside a trust and passively sit in in the market? With all gains taxed. I hope not to need it for 15-20 years and have hopes to leave behind a large amount for kids and GK while enjoying a comfortable part time working retirement. Over 15-20 years how much should I expect that money to grow, net of inflation? Let's pretend it's 1 million.
No material on this site is intended to be a substitute for professional medical advice, diagnosis or treatment. See full Medical Disclaimer.