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.


Related Articles

  • Wealth Squared. Ansari, Javaid // Massachusetts Family Business;Winter2016, p12 

    The article discusses the concept and idea of wealth among the next generation. It discusses the wider meaning of wealth among the Millennials that covers work-life balance, sustainable living, and the pursuit of happiness. It also mentions how the next generation values growth and preservation...

  • Boomers Not Walking in Parents' Footsteps.  // Advisor Today;Sep2008, Vol. 103 Issue 9, p36 

    The article reports on the result of the study entitled "Generational Differences in Retirement Planning (GDRP): Adult Children of Retired Parents" conducted by NAVA Inc. in the U.S. It shows that baby boomers are not following the tried-and-true retirement planning disciplines that enabled...

  • Being On The Lip Of Retirement Can Be An Awkward Age. Thomas, Trevor // National Underwriter / Life & Health Financial Services;2/25/2008, Vol. 112 Issue 7, p26 

    The articles profiles baby boomer executives who are in the lip of retirement in the U.S. High-income boomers can be quite ambivalent about what they want to do once they retire, experts note. And boomer clients, who have been in the wealth-accumulation phase for most of their lives, may not...

  • Education And Savings Tools Are Key For Boomers. Coppola, Peggy; Murtha, Frank // National Underwriter / Life & Health Financial Services;10/31/2005, Vol. 109 Issue 41, p34 

    Focuses on the challenges faced baby boomers in retirement planning in the U.S. Influence of emotions and long-held thought patterns on investors and the decision-making process; Lack of urgency for baby boomers about saving for retirement; Value of starting retirement savings early.

  • IS THIS YOURS?  // Fortune;8/18/1997, Vol. 136 Issue 4, p56 

    Offers advice to baby boomers about their retirement plans in the U.S.

  • Baby boomers not saving enough for retirement, planners say. Toth, David // Westchester County Business Journal;6/26/2006, Vol. 45 Issue 26, p5 

    The article focuses on the revelations of financial planners that the baby boomers generation in the U.S. is not saving enough for their retirement. They claimed that baby boomers are noted for their higher-consumption lifestyle that puts less emphasis on saving. Financial planner Michael...

  • Retirement Planning for the Middle Class: Holistic Strategies Will Be Essential. Vernon, Steve // Journal of Financial Service Professionals;Mar2009, Vol. 63 Issue 2, p37 

    The traditional retirement will be out of reach for most middle-class baby boomers. The financial resources won't be there if current trends continue regarding personal saving and employer-sponsored retirement programs. The middle class will need to change their goals from the traditional...

  • Helping Boomers Survive A Stock Market Crash. Thomas, Trevor // National Underwriter / Life & Health Financial Services;5/23/2005, Vol. 109 Issue 20, p17 

    Reports on how to help boomers survive a stock market crash. Decline of the total financial assets of households; Reliance of overall boomer wealth at retirement on how the housing market; Importance of advising client to live on less than they earn so they can set aside enough for retirement;...

  • Learning From Clients' Fears. LIBBE, KATIE // On Wall Street;Dec2010, Vol. 20 Issue 12, p61 

    The article discusses trends in retirement planning in the U.S. market as of December 2010. Findings from Allianz Life's Reclaiming the Future study showed that 92% of Americans between the ages of 44 to 75 claim the existence of a retirement crisis, whereas 61% fear outliving their income more...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics