Retirement Onboarding - When is it Too Late to Start My Retirement Planning?

Question: “My retirement is a couple of years away, and this talk made me realize that I haven't planned yet. Is it too late?”

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Contributors David Brown

Answer:

“The best time to plant a tree was 20 years ago. The second best time is now.”

Chinese Proverb

Going deeper into this, here’s what is more typical for a construction business owner:

  • They have more parts and pieces in place than they think. They just haven’t put a lot of intentional thought into it, much less put pencil to paper (or fingers to spreadsheet) to make a plan.
  • They need to find someone who can work like an architect and “pull” the plan out of them over a series of discussions and analysis. Someone who can help them turn their disparate ideas and fuzzy vision into a viable plan with clear action steps that are integrated with their business.
  • Business owners who know clearly what must be done for their retirement planning can integrate that with their business strategy and planning.

This is Part 13 of a 15-Part Series


Topics Covered in the Series Include:

  • Retirement, Time, and Money
  • Future Vision for Your Company
  • Post-Retirement Business Involvement
  • Where to Turn for a Helping Hand
  • The Ideal Lifestyle for the Retiring Contractor

Interested in learning more? Contact us.


Retirement Onboarding - When is it Too Late to Start My Retirement Planning?
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Retirement Onboarding - When is it Too Late to Start My Retirement Planning?
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Pulling Knowledge
There are few things that will accelerate career and team development faster than improving learning capability. Some thought processes and habits that accelerate learning are:
Finding Joy in Your Work
What do you love doing so much that you would practice until your fingers bled while loving every minute of it? Do you think this is realistic to achieve with your career? With the careers of your team members?
Tasks vs. Key Results
“Life favors the specific ask and punishes the vague wish.” - Tim Ferriss Excellent advice from the book Tribe of Mentors that can be applied to the hiring and management process for contractors.