Moving from Small-Business Owner to Secure Retiree

Supper, William J.; Cocozza, Christopher R.
May 2007
Journal of Financial Planning;May2007, Vol. 20 Issue 5, p34
Academic Journal
The article discusses methods to prepare baby boomer generation small-business owners for retirement. Small business owners face special financial issues, including whether they should sell their business or pass it on to their children, an issue that can be strongly affected by the goals and aspirations of their children, as well as the traditionally low survival rate of family-run businesses that have been passed between generations. The authors suggest that financial planners often ignore the benefits of diversification when advising clients on this topic.


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