Ready to Hang Up Your Spurs?

SELF ASSESSMENT

Legacy by Design, LLC

Though the future of business is fraught with many challenges, so is retirement.  Owners should take time to detail in writing your ideal retirement situation, defining specifically what’s best for you, your family and the operation. All too often people make hasty decisions based on unclear desires. These questions may help to get the thought process started.


Please enter the appropriate number in the right hand column.

5 -Agree

4 -Mostly Agree

3 -Neither Agree / Disagree

2 -Mostly Disagree

1 -Disagree


Interpreting Your Score:

85 – 100

You’re ready for the next step in your vocational life, to begin transitioning management responsibilities, or retirement. Each person must decide for themselves how they transition, over what period of time, and what role they will assume, if any, as the next generation accepts the mantle of leadership.

70 – 84

You may be ready for the next step in your vocational life, to begin transitioning management responsibilities, or retirement. Each person must decide for themselves how they transition, over what period of time, and what role they will assume, if any, as the next generation accepts the mantle of leadership.

55 – 69

You may be close to making the decision to take the next step in your vocational life, to begin transitioning management responsibilities, or retirement. Each person must decide for themselves how they transition, over what period of time, and what role they will assume, if any, as the next generation accepts the mantle of leadership.

40 – 54 

You’re not quite ready for the next step in your vocational life, to begin transitioning management responsibilities, or retirement. Each person must decide for themselves how they transition, over what period of time, and what role they will assume, if any, as the next generation accepts the mantle of leadership.

< 39

You’re not ready for the next step in your vocational life, to begin transitioning management responsibilities, or retirement. Each person must decide for themselves how they transition, over what period of time, and what role they will assume, if any, as the next generation accepts the mantle of leadership.

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication (including attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

Locations

California Office
Legacy by Design, LLC
at Ryan Wealth Management
463 Century Park Drive
Yuba City, CA 95991

Washington OFFICE
​Legacy by Design, LLC
at Ryan ​Wealth Management
1212 N. Washington Street, Suite 320
Spokane, WA 99201

Do You Need Answers to Your Succession Planning Questions?

Call Kevin Now(530) 671-2100

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