John and Sara

They had a buy-sell agreement, a life insurance policy, and a 401(k), but John and Sara felt woefully unprepared for retirement. They didn’t know what was missing, but they didn’t feel confident either.

John and Sara put all their efforts into business growth and re-invested their earning right back into the operation. Their motivation was all about buying more land and achieving a next level of operating efficiency.

For these two agripreneurs, the goal was to build a sustainable operation and enjoy the lifestyle of their dreams. As their children grew and the business matured, they realized it may take more than a wish and good intentions to pass the operation to the next generation successfully and retire comfortably.

They had a buy-sell agreement, a life insurance policy, and a 401(k), but John and Sara felt woefully unprepared for retirement. They didn’t know what was missing, but they didn’t feel confident either.

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After some experiences with other advisors, they met with Kevin Spafford, CFP®, a wealth manager and succession planning specialist. He helped them sort out their priorities and concentrate on clearly defined goals.

During their initial consultation, Spafford helped them define their planning objectives, including:

1. Creating a retirement option, while continuing to enjoy the lifestyle they’ve come to appreciate.
2. Preparing themselves, the operation, and their family to transition the business to the next generation as a going concern.
3. Ensuring their long-term financial security and leaving a meaningful legacy for their children and grandchildren.

Using a comprehensive and coordinated approach to succession planning and wealth management, Spafford helped John and Sara ensure their financial security for retirement. He helped them create a plan for transitioning the operation to the next generation as a going concern. And, he helped them establish a meaningful legacy for their children and grandchildren.

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