Retire and Quit Work Someday

Do you own a business? If so, you are living a large part of the American Dream. Next to owning a home, owning a business is the most sought after privilege desired by most Americans. As you know, of course, being your own boss requires a huge dose of self-discipline. And if you are one of those who has put in the time, effort and sacrifice to do things your way, no doubt you are enjoying the satisfaction and benefits of being able to determine your own destiny.

Do you own a business? If so, you are living a large part of the American Dream. Next to owning a home, owning a business is the most sought after privilege desired by most Americans. As you know, of course, being your own boss requires a huge dose of self-discipline. And if you are one of those who has put in the time, effort and sacrifice to do things your way, no doubt you are enjoying the satisfaction and benefits of being able to determine your own destiny. In order to make this satisfaction complete and to make sure the benefits continue, the issue of business succession needs to be addressed. This is a little like having a will. No one likes to think about personal mortality or take the time to do it, but once it’s done, you can forget about it and enjoy life a little more because you know you have done the right thing. Planning how your business will transition to an heir, a partner or someone else of your choosing when you die or if you become disabled, is the most caring and responsible thing you can do for your family. It will provide peace of mind for you and ensure that their material needs will be met.

As the founder and President of Wealth Partners Corporation, Steve Hoover is adept at helping individuals, families, business owners and executives implement strategies for achieving their wealth management goals and successfully managing their financial futures. He specializes in providing tailored solutions to owners of closely held companies and senior level executives in the Kansas City area. With more than two decades of industry experience, he understands how to help clients in all stages of the planning process navigate their financial journey and address their five most common concerns: • Preserving wealth • Mitigating taxes • Taking care of their heirs • Ensuring their assets are not unjustly taken • Planning for charitable giving Steve founded Wealth Partners Corporation in 2003 and its personal planning subsidiary, The Retirement Pilot, in 2011. He uses a comprehensive consultative approach designed to gain a detailed understanding of his clients’ core values before finding customized solutions for addressing both their short-and long-term goals. Outside the office, Steve works to educate investors and business owners about how to more successfully prepare for the future they deserve. His workshops have been widely attended by employees of notable local and national companies such as St. Luke Health Systems, Olathe Medical Center, Interstate Brands Corporation, General Electric, AT&T, Sprint, Ford, General Motors and Hallmark. Steve has been voted a Kansas City Magazine FIVE STAR Best in Client Satisfaction financial advisor by his clients six years running. After being raised in Leawood, Kansas, Steve went on to attend and graduate from the University of Kansas in 1985. He and his wife, Sherri, currently reside in Leawood and have two children, Lauren and Cole.