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?”

Sue Weiler-Doke Profile Picture
Share
Contributors David Brown Profile PictureDavid 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....

Management Role Promotion Checklist (8 Steps)
Are you responsible for or involved in making the decisions about moving a person into a management role? Are you considering a move into a first-time, different, or higher-level management role? Use this 8-step checklist to help you evaluate.
Levels of Preconstruction Value-Add
Preconstruction services translate design intent into a constructable plan that defines scope, schedule, and budget for the actual conditions and risks. Contractor value-add occurs across five levels based on when they are brought into the process.
Decision Quality: Data Points, Accuracy, Confidence, and the Danger Zone
Decision quality IS NOT linearly related to information quantity. In complex environments with elements of uncertainty, data quantity quickly reaches a point of diminishing returns but increases decision confidence, which puts you into the danger zone.