Hi Johnny,
Truth be told it sneaks up on us all.
My senior partners father had a partner who retired at 58.
I left the daily rat race of running a retail dealership at 58,
My next youngest partner announced at 56 he was getting tired and sold his two stores (I owned 33% of both) at 58 as well.
When in my thirties and fourtie's I woke up at 3:00AM ran 8 miles and held a sales meeting on Friday at 7:00 AM for the weekend promotions and sales.
Somewhere around 58, the fire in my belly had waned. It is a young man's world for physical aggressive work ethics.
After that, you are really expending energy verses passion, or you need to have ownership and a transition plan IMO.
Now that does not apply to all businesses.
Mine was a capital goods retail business.
There where many pre Christmas eves we'd stay open late for deliveries, before our families could enjoy what most took for granted.
After a while the devotion to success and hard work does wane.
You have an analytical mind, it will be just fine.
I've been blessed with timing on my side.
I've taken my savings and spent a lot of time investing in a good and great bull market.
I regret none of it, but value my time so much more now that I'm retired and not beholding to investors/partner demands for return. A return of which I only receive a share.
It's scary at first.
But when your calls and conservative investing reward just you, you wonder why you didn't do it before.
I suspect you should lock in your retirement benefits, adjust, (it took me 3 to 4 years to be confident on that thought) and enjoy wondering why in the heck you didn't do it sooner.
Just a thought provoker on how it happened with me.
Best of all to you and family. I think it's a sure thing!
Bob |
