Selling Your Business for $1M: Is It Enough To Retire?

Selling Your Business for $1M: Is It Enough To Retire?

From Phil's Tax Hacks by Phil Putney

February 26, 2026 · 19 min · Episode 316

About this episode

Phil discusses the implications of selling a business and how to manage the proceeds for retirement income.

Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment For many business owners, the company isn’t just work; it’s the retirement plan. No 401(k). No diversified portfolio. Just years of sweat equity tied up in one asset. So, what happens when you finally sell? Phil explains what really happens during a business sale and tackles an even bigger question: once the check clears, how do you turn that lump sum into sustainable retirement income? Here’s some of what we discuss in this episode: 📑 Transaction Structure: Asset vs stock sale 💵 Tax Implications: Capital gains impact 📊 Retirement Planning: Income from proceeds 🧭 No Investing Experience? The learning curve is steep 📈 Diversification: Avoid concentration risk For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: https://bit.ly/3WdDG96 Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome

People in this episode

Host: Phil Putney

Topics covered

  • business sale
  • retirement planning
  • tax implications
  • investment strategies
  • diversification

Keywords

  • business sale
  • retirement income
  • capital gains
  • asset sale
  • stock sale
  • diversification
  • investment

Mentioned in this episode

Organizations: AFS Wealth Management

Products: The Tax-Smart Retiree

Books & works: Selling Your Business for $1M: Is It Enough To Retire?

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