Retirement

[doctor Bob]

I did think about writing a book, basic plot is the socialist working party infiltrate a woodworking forum, creating havoc and arguements about sharpening, brexit and Jeremy Corbyn, whist the KGB use bots as moderators, some militant members uncover all this but the KGB and socialist working party realise they have been found out and kill them all and pretend their was a big falling out and they left to form another forum.

 

[Glitch]

This is mainly aimed at business owners and the self employed.
Question is when do you know you have enough to retire.

8 pages in it's finally clear this is a case of 'Give me what I need, not what I asked for'

What you really need is an exit strategy from your share of a business.

Sorry, I can't help you

Best of luck though. I wish you a long, happy and healthy retirement.

 

[Duncan A]

I did think about writing a book, basic plot is the socialist working party infiltrate a woodworking forum, creating havoc and arguements about sharpening, brexit and Jeremy Corbyn, whist the KGB use bots as moderators, some militant members uncover all this but the KGB and socialist working party realise they have been found out and kill them all and pretend their was a big falling out and they left to form another forum.

Ridiculous!
Nobody would believe that people would bother to argue about sharpening
Would they??

 

[doctor Bob]

8 pages in it's finally clear this is a case of 'Give me what I need, not what I asked for'

What you really need is an exit strategy from your share of a business.

Sorry, I can't help you

Best of luck though. I wish you a long, happy and healthy retirement.

No, the question as clearly stated is when do you know enough is enough.
My previous response was because you hadn't read that my retirement planning was already progressing well, I.e. max contributions and a second income.
As for exit stratagy, we'll work that out but truthfully I'd happily give Michael the business free of charge no ties, he has been my mate, and immense support for 25 years, he knows more about me than anyone (including my wife), I would never want to lose that.

 

[Glitch]

No, the question as clearly stated is when do you know enough is enough.
My previous response was because you hadn't read that my retirement planning was already progressing well, I.e. max contributions and a second income.
As for exit stratagy, we'll work that out but truthfully I'd happily give Michael the business free of charge no ties, he has been my mate, and immense support for 25 years, he knows more about me than anyone (including my wife), I would never want to lose that.

The question was far from clear but we got there in the end.

My background is IT and I admit to being annoyingly pedantic about what is being asked.

When do you know you have enough to retire?

When do you know you've had enough (of running a business) and it's time to retire?

Hopefully you can see the difference. Hopefully others might benefit from the discussion about what appears to be a rhetorical question.

Now you say you can leave the business to your partner which is very generous and makes your decision even simpler.

The answer is only going to come from within you. Little point asking others. You'll either get tired of the business, something will happen to reassess your priorities, or you'll reluctantly stop because time is running out to do the other things you enjoy.