I was meeting a client in the southeast, so I made contact with another owner in the same city who had reached out to me before. He responded to my email saying that he was not in any hurry to plan his exit since he “was not going to leave any time soon.”
His response revealed that he did not understand his exposure to increased risk for higher taxes, the possibility of not meeting his financial objectives and of running out of money in retirement, and the potential of overall failure to meet his objectives due to lack of planning.