We all have fears. For high level professionals such as business owners, fears can hang up their ability to effectively leave/sell their business. That can be a costly price to pay, particularly for baby boomer business owners with a short runway to retirement. A common one...
Read MorePeople sometimes ask me, "Paul, how can you work for other people after owning and later selling a business? Isn't that hard?" I used to reply, "work is called that for a reason, it's not playtime, so whether you own the business, or someone...
Read Moreby Paul Cronin Have you ever started a sentence that way? Selling a business is the goal (or dream) of many business owners, but then what? In other words, what is the purpose of selling your business? I read a great article in the...
Read MoreI was having coffee with a financial advisor (Jerry) recently talking about clients and their sometimes irrational decisions. Jerry's client said that he wanted to retire at age 68 (about 7 years). He and his wife make about $900,000 a year and he wanted to...
Read MoreMaury Lederman had a choice: Leave his firm and retire, or leave his firm and move to another one. Kind of like Henry Ford saying, you can buy a car any color you like, as long as it's black...
Read MoreI thought I only was stopping to fill up my car on gas. A few weeks back, when getting gas for my car, I stopped at a new station/store. The sign on pump said to insert my chip credit card into the pump (as this...
Read MoreIn a recent Boston Globe article by Evan Horowitz, "Go A Few More Miles", the writer posits that the best way to stretch your retirement savings is to work longer and build up Social Security. If you look at the numbers (Horowitz is an analyst...
Read Moreby Larry Gard, Ph.D. According to a 2014 Gallup poll, 10% of baby boomers said they had no plans to retire. I’ve met many of these “retirement resisters” over the years and they often proudly declare their intention to work indefinitely. On the one hand I...
Read MorePerhaps you read the article in the Boston Globe or via social media, "How The Baby Boomers Destroyed Everything" by Bruce Canon Gibney, a venture capitalist and writer and the author of the forthcoming book “A Generation of Sociopaths: How The Baby Boomers Betrayed America.” ...
Read MoreImagine you have decided to retire in your 60s. Probably feeling good, or maybe not? Initially it may be liberating, but then you face the daunting realization that you may have decades to live with not standard to-do list. That is the premise of the...
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