For restaurant industry executives, owners, multi-unit operators, general managers, or senior leaders, approaching retirement in your late 50s or early 60s is a pivotal moment. Here’s a checklist to get you started.

For restaurant owners, cash flow, not profit, is what keeps the doors open. There’s no better time to get intentional about CASH FLOW than in Q1. The rush of the holidays is over, tax season is approaching, and the year ahead is still flexible enough to influence.

For restaurant owners, tax season isn’t just about compliance…it’s about strategy. Before you sign and file your return, it’s worth taking a step back and asking a simple question: does this tax return actually reflect how my restaurant operates and how I build wealth?

If you’re a high-earning restaurant professional, an owner, operator, executive chef, multi-unit leader or corporate executive, you’ve probably been told you “make too much” to contribute to a Roth IRA. But there’s a perfectly legal, IRS-approved workaround that many restaurant professionals overlook: the Backdoor Roth IRA. Used correctly, it can become one of the most powerful long-term wealth tools in your financial plan.

If you own (or plan to own) a home in Florida, you need to understand Save Our Homes (SOH) and, more importantly, its portability benefit. Used correctly, it can save you tens or even hundreds of thousands of dollars over your lifetime.

What documents do you need for RMD planning? A Celebration, FL CFP® explains the 5 essential documents for required minimum distributions.

Restaurant owners should review 6 key financial areas in January: (1) last year's true profitability, (2) owner pay and cash flow stability, (3) tax strategy and estimated payments, (4) debt and interest exposure, (5) risk management and insurance coverage, and (6) long term personal financial goals including retirement and exit planning.

Discover the 5 most common financial blind spots restaurant owners face. CFP ® in Celebration FL serving Florida restaurant industry professionals.