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Kiplinger
Kiplinger
Business
Evan T. Beach, CFP®, AWMA®

Ready to Retire? Your Five-Year Business Exit Strategy

An older business owner stands with his hands on his hips, his coffee shop in the background.

Baby Boomers own about half of the private businesses in the U.S., and unless AI figures out a way for us to live forever, now is probably the time to figure out your succession plan.

Your sale may come a bit sooner than five years — no normal person plans things this far in advance. That said, this timeline is ideal for a business owner who is selling to retire.

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