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 for them 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 for Construction Owners
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Retirement Onboarding for Construction Owners
Retirement Onboarding is something that construction business owners must regularly be working on for themselves and other key team members....

Building a Systems Development Team - Introduction
Construction technology innovation is accelerating and the contractors that learn how to effectively integrate technology into every aspect of their business will dominate tomorrow.
Retirement Onboarding - Issues Specific to Contractors
Construction business owners have a unique set of issues when they are working through “Retirement Onboarding”.
Lean Principle - Stop Work (Until Problems Are Corrected)
All construction projects will run into some degree of problems. It is how the project team chooses to manage these problems that ultimately determines the outcome of the project.