My business partner and I are both 68 and want to retire, but we disagree about whether to sell the company quickly or try to structure payments over time to minimize taxes. She needs cash now for health costs and I need steady income for the next twenty years, and we're both getting advice that serves our individual situations but not our partnership.
More people experience this than they realize.
Two people must unwind a shared enterprise while their individual needs for financial security pull in opposite directions.
“Where Are You with Money in retirement — making it last?”
If this sounds familiar, the Library can help you find the bigger picture.