In response to financial burdens resulting from the COVID-19 pandemic, subsequent layoffs, and an upsurge in early retirements, the Internal Revenue Service signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act 2.0 late last year.
Massachusetts farmer breweries are often looking for new ways to increase their appeal to customers. One option is to convert their farmer brewery license to a pub brewery license to provide more alcoholic beverage options in their taprooms.
Executives with aspirations of an early retirement or maintaining a higher standard of living in retirement will need to make smart decisions around these supplemental plans and utilize them effectively to optimize their long-term financial plan.
Top performers tend to fall into the background as managerial attention goes to underachievers and new hires. But there needs to be a strategy to energize top performers too, or risk them getting bored, disgruntled, and looking elsewhere