50. Strategic Financial Planning with Jennifer Lee

In this episode, I sit down with Jennifer Lee, financial advisor, author, and founder of Modern Wealth, to talk about money, taxes, and your exit plan. You’ll hear why the years you earn the most are the years that matter most, what “tax sheltering” really is, and how to build income streams that replace your paycheck when you step away from ownership. Practical Steps You Can Take This Week Pick a date range for exit (5–10 years is ideal). Run a quick financial plan: current income, assets, needed income after exit. Max what you can now: 401(k) + profit-sharing; explore a cash balance plan if you’re in high-income years. Review disability coverage (own-occ; personally paid). Tighten your books (separate ops from real estate, fix PMS/financial mismatches). Create the “business love letter” for your spouse/partner (contacts, next steps, docs).