Staying in Business

[Guest guest]

Hey Marge,

 

Another old one. ;-)

 

> Butch, when is your Birthday?

 

13 July.

 

> Because I could have written the 'graph below

 

I reckon three or four of us are getting close to that now. ;-)

 

> I had it all worked out. My former assistant and I had a contract...she

> was going to start buying me out 10 months after I turned 65... I would

> 'retire'...stay on as a consultant, ... and was cutting my hours back

> somewhat turning more and more of the day to day stuff over to her.

 

I hear you on that ..

 

> That... didn't work out. (I guess she thought she already owned it ..

> so now I'm back doing her job and mine, with my retirement plans up

> in smoke.

 

I hear you there too. There is NO WAY .. matters not HOW MUCH MONEY YOU

PAY your employees .. that they will function as well as the owner ..

and when your supply of labor comes from a town of 597 people you gotta

bite your tongue a lot when things don't go as you want them to go ..

its not that most folks don't do their best .. its that most folk's best

is in no way equal to what I was used to accepting during my 30 years

military service and 10 + years in a corporate environment.

 

But I built the bed I am now laying in and there is no way it will

become softer until I move back to the USA .. which will happen soon.

 

Y'all keep smiling. :-) Butch http://www.AV-AT.com

 

 

>>The other factor(s) is/are Social Security. If you intend to draw it

>>where you retire will be a consideration .. and having someone who can

>>technically take control of the company is another .. which could be

>>offset if you file a joint return. I get the impression you are at or

>>near 60 .. I'll be 64 in July and if I take SS now I am big time limited

>>on the amount of income I can take without an offset .. I must wait

>>until I am 65 and 10 months to be free of the restriction.