In this episode of the Retire Early Podcast, financial advisors and retirement planners Sam Benson & Linwood Fraher dive into one of the most common challenges they see among business owners approaching retirement — how to transition from business wealth to personal wealth.

Many entrepreneurs spend decades reinvesting in their companies but overlook how that affects their long-term retirement plan. Sam and Linwood unpack what it means to diversify beyond your business, how to value and eventually sell a company, and why timing matters. They also discuss strategies for converting business equity into sustainable retirement income, planning for taxes on a sale, and building a post-exit lifestyle plan that aligns with your goals.

From personal experience working with owners who waited too long to plan, the hosts explain the “trapped wealth” problem — when most of your net worth is tied up in a business you can’t easily liquidate. They also share practical tips for starting early, involving professional advisors, and creating a smooth handoff that maximizes value and minimizes regret.

Want to work with us?
Visit: http://retirewithmartin.com/
Learn more: www.planwellretirehappy.com
00:00 Welcome and Today’s Topic
01:10 Why Business Owners Face a Unique Retirement Dilemma
03:22 When Your Business Is Your Retirement Plan
05:40 The Problem With Waiting Too Long to Sell
07:55 How to Start Valuing and Preparing Your Business for Exit
11:12 Diversifying Beyond the Business: Saving and Investing Personally
14:05 Tax Considerations and Timing the Sale
17:44 Real-World Example: The Business Owner Who Waited Too Long
20:28 Creating Income Streams Post-Exit
23:05 Lifestyle Planning After Selling the Business
25:50 Final Thoughts and Key Takeaways
27:10 Conclusion and Contact Information

Disclaimer:
Opinions expressed herein are solely those of Martin Wealth Solutions, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to another parties’ informational accuracy or completeness. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions or forecasts provided herein will prove to be correct. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.