Retirement Onboarding - The Ideal Lifestyle for the Retiring Contractor

Do you know how you want to spend your first day in retirement?

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Contributors David Brown

Will you be up with the sun as usual or do you intend to relax with a cup of coffee and the news? If you’re like most business owners, these are some of the questions that keep you up at night while you are contemplating retirement.

You have most likely spent 50-90 hours per week, every week, during your career getting the company up and running and working to keep it running. Now is the time to look up, look around, and contemplate how you want to spend the rest of your life.

This isn’t just about how to spend your time. This is about how to live fully in the life you have. Work-life balance has probably mostly been work. Now is the time to see that work-life balance is really all about life. Time at work and time away from work have to co-exist.

What passions do you have? Is it travel? Is it industry advocacy? Is it family time? A good way to prepare for the additional time available to spend on your retirement endeavors is to give it a test drive before you retire. Do you really want to spend weeks traveling or are you just in love with the idea of wanting to travel? Plan some trips and see how it goes. If you love it, then keep doing it. If you don’t, move on.

This is Part 4 of a 15-Part Series


Topics Covered in the Series Include:

  • Integrating Other People and Processes
  • Issues Specific to Contractors
  • When is it Too Late to Start My Retirement
  • The Construction Retirement Masterpiece
  • Success & Risk

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 - Success & Risk
Nearly all of the 6 common exit strategies for contractors require the business to continue being successful for the outgoing owner to get paid. There are a couple of things that can be done to help ensure everything stays on track.