In recent years, I've seen a renewed interest in "combo" retirement plans. Although not a new retirement plan design, the “combo plan” has become a popular way for higher-income business owners to significantly boost their retirement savings, while reducing taxes along the way.
I often meet with clients who have successfully managed their business for many years, but have no real plan when it comes to cashing in their life's work. As a business owner, you're focused on day-to-day profitability - and rightly so - but it's equally important to have an exit strategy plan that will allow you to realize the value of your investment.
