Retirement is something I've never really given much thought. I started working as a newspaper boy in 1937, and have never been unemployed since except for seven years in the Marine Corps from 1944 to '51. Even though that was not exactly like being unemployed, military service wasn't exactly like having a job either. You couldn't quit.
I've been reading some of the literature that crosses my desk about business owners retiring. There are seminars that make it sound like all you've got to do is show up, pay the fee and you'll learn how to retire rich. I've made a few notes that may help simplify the project a bit for folks who are thinking about hanging it up.
Apparently the first thing to do is set a goal on when you want to quit, then discuss it with your partners and family members to figure out how it can happen. An attorney and accountant should be involved for the financial aspects and the legal ramifications of anything you do. And finally, you've got to determine who will run your company in the future. Sounds simple, doesn't it?
That'll be $495.00 please. But wait! Just keep it and put it towards your legal and accounting fees. Or you could do like me and just keep on working.
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