Is Now a Bad Time for Advisors to Retire?
April 29, 2020 by Robert Goff
As clients and advisors navigate today’s quickly evolving and uncertain landscape, many have had to change previously well-laid-out plans. Vacations, work travel and even some life events, such as weddings, have been rescheduled or postponed due to the novel coronavirus.
Amid all of this, a number of advisors who were planning to retire this spring or even this year may be wondering if they should alter their plans and delay entering their next chapter.
If you fall into this category, it is important to understand the decision to retire remains a personal choice, but consideration should be given to the readiness of key stakeholders in your practice.
Despite the current market environment, much of this decision should still ultimately depend on how well you have planned for the next step, and if your clients, your successor as well as yourself are still ready for this change.
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