One thing that many small business owners don’t think about is retirement. There are two reasons for this. First, many owners think they will never retire because what else would they do? Secondly, before they retire, they will have sold their company for a “boat load of money” and won’t have…
Traditionally, there was a model of retirement planning known as the "three-legged stool." In that model, people would rely on three sources of funding to cover their costs once they retired: a pension, Social Security, and their personal savings. With Social Security's trust funds emptying more quickly than previously projected and pensions largely...
If you hope to retire within the next decade, now is a good time to map out a strategy. Having a well-thought-out plan will minimize the stress that comes with such a big transition -- and maximize your financial security.
"It takes at least three years to run through all of...