Posts by Steven Goodman
Family Business Succession w/ Steven Goodman
I recently wrote a book on Business Succession Planning. I wrote it for all business leaders, including chapters specifically written for family business leaders. We all die. The goal isn’t to live forever, the goal is to create something that will. –Chuck Palahniuk This quote is perfect for family business leaders, isn’t it? It’s a…
Read MoreLife Insurance Premium Financing: What You Need To Know
There are circumstances in which borrowing money to pay life insurance premiums makes either economic and/or tax sense. This article will explain why one might want to borrow to pay premiums and how the funding would work. View Article
Read MoreEGGS: The Podcast
Talking about family business succession planning, estate planning, life insurance, planning for retirement, and preservation of wealth, join me for my guest appearance on EGGS: The Podcast. View Episode
Read MoreSuccession Planning with Steven Goodman
On this show, we talked about the process of business succession planning, why people avoid it, the risks they run by not doing it, and all the parties that need to be considered and involved with Steven Goodman, CPA, MBA, author and CEO of SHG Planning. Listen to learn why business succession planning is so…
Read MoreDiscover The Biggest Key Elements Relating To An Estate Plan For Business Owners
Discover the biggest key elements relating to an estate plan for business owners. with Steven H. Goodman. Steven talks about maintaining family business harmony and learn what you need to consider before handing your business over. View Episode
Read MoreBiz Help For You: Business Succession Planning
Are you thinking of selling to start a new endeavor? Are you a business owner of a company you want to continue on after your retirement? When should you start planning? Tune in to learn how to plan the succession of your business to family, other partners, key employees or the outright sale of the…
Read MoreTrials and Tribulations of Succession Planning
Steven Goodman is passionate about providing insightful solutions to the challenges of business succession, wealth preservation and charitable planning, focusing on the needs of owners of closely held businesses and high net worth individuals. As a CPA and former VP of the Trust and Investment Division of JP Morgan Chase, he’s served hundreds of estate…
Read MoreThe Human Side of Exit Planning
Steve Goodman, CEO and Founder of SHG Planning, has over 30 years of experience in business succession planning. His firm specializes in high-end, sophisticated business succession, estate planning, for high and ultra high net worth individuals. Steve enjoys the uniquely interesting challenge that comes with helping this level of client, both technically and emotionally. Steve’s…
Read MoreTwo Sure Things-Death and Taxes Q and A
Are taxes paid on policy distributions? Taxes are only paid on distributions (dividends, withdrawals, and partial surrenders) that exceed the amount of the policy owner’s investment in the policy. Are taxes paid on policy loans? No, because loans are not considered to be distributions from the policy, unless the policy lapses. What are the tax…
Read MoreSequence of Return Risk By The Numbers
Sequence of return risk refers to the phenomenon by which a few bad years early in a retirement portfolio can cause havoc for the life of the portfolio. Sequence of return risk is only relevant if the portfolio amounts are changed by either an annual addition or withdrawal. Consider the following annual returns: We begin…
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