Kiplinger

You’ve Just Sold Your Business for Millions. Now What?

For the past three years, I’ve helped approximately 20 business owners develop a financial plan for their wealth after selling a business. It may seem paradoxical, but I’ve found that managing their wealth after the sale is often more complex than while they were running their businesses. They often have several million dollars to manage, and if a major mistake is made, there’s no time to fix it.

Some business owners don’t see it that way. They are ready to ease off the gas and foresee part of their retirement overseeing their money. I even had

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