Major life transitions can create a ripple of financial complexity. At Empyrion™, we specialize in helping clients conquer these challenges, while deploying strategies that successfully protect and grow their wealth.
Many business owners, while very focused on the needs of their customers, employees, and other stakeholders, are much less attentive to the ongoing health of their enterprises in the event of their incapacitation or passing. In the absence of a properly prepared and executed estate plan, this can bring even the most well-run business to its knees. Here are three key estate planning items that owners and other principals of thriving businesses should review today.
Retired people are much more subject than other segments of the population to loneliness, boredom, and other emotional factors that can negatively affect their quality of life. A well-rounded retirement plan needs to go beyond the financial forecasting and calculations of needed income to navigating the four phases of retirement and tackling its tough questions.
We human beings are hard-wired for meaningful connection. That's true even in retirement—and maybe especially during retirement. Even if you're no longer making that daily trip to the office, you shouldn’t completely unplug from that complex web of relationships that we call “life.” For retirees, emotional and social investments may be just as important as financial holdings when it comes to your longevity and quality of life.