RETIREMENT PLANNING

Apr 15 2025BUSINESS

Waterbury's Century-Old Hardware Store Seeks New Owner

A well-known hardware store in Waterbury is on the market. The store has been a mainstay for a century. It is now looking for a new owner. The store, located on Chase Avenue, is up for sale for just under $2. 8 million. This includes the hardware store, a garden center, and a repair shop. The family that owns it has decided it is time to move on. ...

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Nov 25 2024BUSINESS

Moving On: A Chiropractor's Next Act

Imagine you've been running a chiropractic practice for 32 years, and suddenly, you want a change. You're 59, and the idea of a second act is exciting, but where do you start? First, you need a plan. It's not just about walking away from your practice; it's about finding what you love next. Maybe you stay in health and wellness, or maybe you try something new. You co...

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Nov 20 2024BUSINESS

Planning for a Small Business Exit: A Casual Guide

Starting a small business is tough. But have you thought about what happens when you want to retire? It turns out, figuring out how to step away can be even more challenging. Mike Roach, who co-founded Paloma Clothing in Portland, Oregon, in 1975, realized he needed a plan after nearly 50 years. His manager, Traci Burnes, played a crucial role in navigating the pande...

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Oct 14 2024FINANCE

Retirement Woes: Why Health Costs Scare U. S. Retirees

Health costs are a major worry for U.S. retirees. Long-term care, like nursing homes and home health aides, isn't covered by Medicare. This can lead to huge bills late in life. Planning for these costs is key, says Christine Benz, director of financial planning at Morningstar. Retirement expenses usually go down, but long-term care can cause them to spike. This ...

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