Turning inheritance into enduring financial security.
Eleanor inherited a $1.8 million Traditional IRA from her late husband, alongside $450,000 in taxable accounts. She needs a sustainable income stream to maintain her lifestyle while minimizing taxes and ensuring the longevity of her assets. She also wants to understand the potential value of a small business interest her husband held before deciding whether to sell or keep it.
We utilized the EBITDA Multiple Calculator to estimate the market value of her late husband’s small business interest. By inputting the business's EBITDA and comparing it to industry averages, we determined a reasonable valuation range. This, coupled with careful planning for Required Minimum Distributions (RMDs) from her IRA, informed her decision to sell the business for $300,000. This provides her with additional liquidity to supplement her retirement income. Using the Tax Equivalent Yield calculator, we then compared different investment options with varied tax implications to optimize her after-tax returns.
The EBITDA Multiple Calculator provides a crucial benchmark for business valuation, while the Tax Equivalent Yield calculator is used to select tax-efficient investments for maximizing after-tax returns.
$65,000 increase in potential retirement income over 10 years, improved asset allocation, and a clear estate plan.
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