# Selling Your Business for $1M: Is It Enough To Retire? Page: https://stenobird.com/podcast/phil-s-tax-hacks-1040028/selling-your-business-for-1m-is-it-enough-to-retire Text version: https://stenobird.com/podcast/phil-s-tax-hacks-1040028/selling-your-business-for-1m-is-it-enough-to-retire.md Podcast: [Phil's Tax Hacks](https://stenobird.com/podcast/phil-s-tax-hacks-1040028) Published: 2026-02-26T10:00:00+00:00 Episode link: https://philstaxhacks.podbean.com/e/when-your-business-is-the-retirement-plan/ Audio file: https://mcdn.podbean.com/mf/web/6fufz6sicvtgix9n/319_-_PHIL_PUTNEY_-_SELLING_A_BUSINESS_-_AUDIO6aflh.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/phil-s-tax-hacks-1040028/episodes/selling-your-business-for-1m-is-it-enough-to-retire Duration seconds: 1163 ## Resource Book an appointment with Phil to get your customized planning process started ➟ https://www.afswealthmgt.com/schedule-appointment For many business owners, the company isn’t just work; it’s the retirement plan. No 401(k). No diversified portfolio. Just years of sweat equity tied up in one asset. So, what happens when you finally sell? Phil explains what really happens during a business sale and tackles an even bigger question: once the check clears, how do you turn that lump sum into sustainable retirement income? Here’s some of what we discuss in this episode: πŸ“‘ Transaction Structure: Asset vs stock sale πŸ’΅ Tax Implications: Capital gains impact πŸ“Š Retirement Planning: Income from proceeds 🧭 No Investing Experience? The learning curve is steep πŸ“ˆ Diversification: Avoid concentration risk For more, visit us online: http://philstaxhacks.com Watch the video podcast on YouTube: https://bit.ly/3WdDG96 Get your copy of The Tax-Smart Retiree: https://www.thetaxsmartretireebook.com/welcome ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/phil-s-tax-hacks-1040028/episodes/selling-your-business-for-1m-is-it-enough-to-retire/transcription-requests` β€” Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/phil-s-tax-hacks-1040028/selling-your-business-for-1m-is-it-enough-to-retire.md` β€” Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.