Selling Your Business, Market All-Time Highs, and Rethinking Bonds in Retirement

Adam recently earned his CEPA designation through the Exit Planning Institute, and this episode starts with what that means in practice. Selling a business is not a single event. It is a planning process that most owners start far too late. Adam covers the three areas that trip people up most often and why getting a financial advisor involved well before the transaction is more important than most people realize.From there, Adam and Andy turn to the market hitting all-time highs again, recovering from a 9% peak-to-trough drop in just 11 trading days. With conflict in the Middle East dominating the headlines, clients have been asking how the market can keep going up. Adam and Andy explain what really drives stock prices over time and why the day-to-day noise, as unsettling as it can feel, tends to be just that.The episode closes with a conversation that comes up regularly with clients who are newly retired or nearing retirement. Should you shift heavily into bonds once you stop working? Andy pushes back on the conventional wisdom, makes the case why stocks still belong in a retirement portfolio over a 20 or 30-year time horizon, and reframes what "income" in retirement means.⏱️ Timestamps: (00:46) Welcome and intro: Adam's CEPA designation(02:39) Why exit planning matters(04:27) Three areas where business owners get tripped up before a sale(09:31) Common pitfalls and why your advisor should be involved early(12:28) The market hits all-time highs in 11 trading days(13:29) All-time highs tend to cluster: what the historical data shows(14:49) What's actually driving the stock market right now(19:27) Clients retiring into a volatile market: should you dial back risk?(21:08) The problem with overweighting bonds in retirement(23:18) Inflation as the real long-term risk for retirees(25:22) Rethinking "income" in retirement: the total return approach(27:27) Podcast disclosuresResources:Long Story Short website | burneywealth.com/podcastFollow Burney Wealth Management on LinkedIn | www.linkedin.com/company/burneywealthmanagement Follow Adam Newman on Linkedin | www.linkedin.com/in/adam-newman-cfa-cfp%C2%AE-mst-ricp%C2%AE-cepa-48853916/ Follow Andy Pratt on LinkedIn | www.linkedin.com/in/andyjpratt/ Exit Planning Institute | exit-planning-institute.org #ExitPlanning #BusinessOwners #RetirementPlanning #Investing #StockMarket #WealthManagementThe Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. This content is for informational and educational purposes only. It is not intended as personalized investment advice or a recommendation.