We’re proud to share that Towerpoint Wealth’s President, Joseph Eschleman, CIMA(R) was recently featured in Comstock Magazine, where he discussed one of the most important, and often overlooked, topics for business owners and families alike: succession planning.
The article highlights why planning for leadership and ownership transitions has become increasingly critical in today’s environment, and what individuals and business owners can do now to protect the value they’ve worked so hard to build.
Why this conversation matters now
As Joseph shares in the feature, a major demographic shift is underway. Millions of Americans are approaching retirement, and many small-business owners are facing big questions about what happens next — for their companies, their employees, and their families.
Without a formal plan, transitions can lead to:
- Missed tax opportunities.
- Reduced business value.
- Family or stakeholder conflicts.
- Disruptions to operations and leadership continuity.
Succession planning isn’t just about selling a business or stepping away. It’s about protecting what you’ve built and preparing the next chapter — whether that means transitioning ownership, preparing future leaders, or aligning financial decisions with long-term personal goals.
What you’ll learn from Joseph’s Comstock feature
In the article, Joseph walks readers through the real purpose of succession planning and the practical steps that make it effective, including:
1) Clarifying goals and timelines
Understanding retirement objectives, business priorities, and personal financial needs sets the foundation for a strong plan.
2) Choosing the right transition path
Whether passing a business to family, selling to a partner, or preparing employees to lead, every option carries financial and operational implications.
3) Developing future leadership
Strong succession plans prepare people — not just paperwork — ensuring continuity and stability.
4) Preparing financially
Valuations, tax planning, and ownership structures all play a role in protecting value and minimizing surprises.
5) Formalizing the plan
Documented strategies bring clarity to everyone involved and reduce uncertainty during transitions.
Joseph also notes how evolving tools, — including analytics and more sophisticated planning strategies, — are helping business owners make more informed decisions about their longer-term wealth, leadership, and legacy.
Who should read this article?
This feature is especially valuable if you are:
- A business owner thinking about retirement in the next 5–15 years.
- An executive or partner involved in leadership planning.
- A family navigating wealth transfer decisions.
- An individual who wants to ensure financial decisions today align with long-term goals.
Even if retirement feels far away, the earlier planning begins, the more flexibility and opportunity you have.
Read the full feature
Joseph’s insights in Comstock Magazine provide a clear, practical perspective on how thoughtful planning can reduce uncertainty, protect value, and create smoother transitions — both personally and professionally.
We encourage you to read the full article and consider how these ideas might apply to your own financial life, business, or family planning conversations.
Let’s talk about your next chapter
At Towerpoint, we believe financial planning is most powerful when it’s proactive, coordinated, and aligned with what matters most to you.
If this topic resonates — or if you’re simply wondering where to start — we invite you to schedule a complimentary 20-minute “Ask Anything” conversation with our team.
No pressure. No preparation required. Just a chance to talk through:
- Retirement planning questions
- Business succession considerations
- Tax and income strategies
- Or any financial concern on your mind
Schedule your conversation today and start planning with clarity and confidence.
Your future deserves more than guesswork — it deserves a strategy.
