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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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.


More from Sue Weiler-Doke
Retirement Onboarding - Integrating Other People and Processes
Retirement Onboarding seems simple enough, but it cannot occur in a vacuum. Owners need to look at all of the stakeholders that will be affected by their decision.
Retirement Onboarding - Issues Specific to Contractors
Construction business owners have a unique set of issues when they are working through “Retirement Onboarding”.
Retirement Onboarding - Future Vision for Your Company
Owners have the unique position of having both the luxury and the responsibility of making sure that their vision for the company is the future vision of the company.