Posted 3/28/2021 17:31 (#8921537 - in reply to #8920826) Subject: RE: advice on retirement
Columbia Basin, Ephrata, WA
mike-MT - 3/28/2021 08:53
We don't declare dividends, any income stays in the corporation, but we do pay fair salaries now. Unfortunately, we do not address retirement now. We do have a buyout if one of us passes.
Can you put that buyout plan in to motion now? Essentially not much difference on the farm operation end if you’re dead and gone vs retired and gone. It might be simplest to use the plan that’s already in place.