Saturday Star

Considerations for business owners who approach retirement

Retirement planning is crucial for everyone, but for business owners, it can be particularly complex. Unlike salaried employees who can rely on employer-provided retirement benefits, business owners have to take full responsibility for planning and saving for their own retirement.

Very often, the retirement strategy a business owner has in mind is selling the business itself to extract its value and then use the proceeds to fund their retirement. Either way, it is important

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