The Kona-Kohala Chamber of Commerce and Milestone Coach Workshop is offering “Mortality Revolution – How it Impacts Family Businesses and Your Retirement” on Thursday, July 28, 3 to 5:30 p.m. at NELHA Gateway Center.
The workshop will be lead by Steve Savant, online syndicated financial columnist and TV host of Right on the Money and On the Money News, who has authored thousands of consumer content which has been distributed to over 280 media outlets and social media networks.
Did you know that nearly 60% of second generational businesses fail due to poor planning?
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The “mortality revolution” is impacting closely held family businesses in ways never thought of in the past. Longevity is now the No. 1 risk in retirement and a risk multiplier of other retirement risks.
Closely-held family businesses are generally the largest asset of a business owner’s retirement and estate holdings.
Savant recommends you protect your business from uncertain economic changes.
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Planning for retirement and business succession should take into consideration one’s own longevity, said Savant. With life expectancy increasing, some retirees could run out of money and this threatens to implode the Social Security and Medicare system.
Cost: General admission $20; chamber members free.
Complimentary refreshments and light pūpū will be offered.
Over the span of 33 years in the financial services industry, Savant has presented more than 4,000 seminars, workshops and keynote addresses at company conventions. His public speaking style, dubbed as edutainment – a combination of both education and entertainment – has gained a growing audience interested in securing comfortable retirement lifestyle.
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