Tuesday, February 12, 2013

Risking Retirement on Selling the Business


Some small business owners think that do not have to worry about how they will fund their retirement years down the road. They think that working over the years and then selling their business will be enough savings for them to live on. But what they do not consider is if the business does not become as successful as they had hoped or if there is not a buyer interested in investing in the company? Marcus Newman, a vice president at GCG Financial in Illinois, stated, “..Practically, in my experience, more clients go out of business than sell their business.” Think about all of the possibilities for saving for your retirement before you risk it on a "sure thing."

Read more about risking your retirement savings.