How do you envision your retirement? Traveling the world and checking items off your bucket list? Finally having time to indulge in a hobby or volunteering for that organization you have always wanted to support? With the average American now living another 20 years or so after retirement age, financing the kind of retirement lifestyle you want to have is a concern for nearly everyone.
With fewer employer-funded pensions and the high-risk exposure to market conditions with current IRA/401K programs, the burden of saving for retirement has largely shifted onto the shoulders of the individual, many of whom are counting far too heavily on Social Security benefits to stay financially afloat during retirement. Fully 71% of individuals and 48% of married couples aged 65 and over rely on Social Security for at least half of their income, and 43% of individuals and 21% of couples depend on it for 90% or more. Having enough money to cover day-to day expenses during retirement is a major concern.
What if you could live the life during retirement that most can only dream of? What if you had the monthly cash flow that allowed you to vacation where and when you wanted?
Franchise ownership may be just the solution you are looking for
You could choose to remain in the workforce in one capacity or another, not only for the income but for the personal fulfillment and sense of purpose. However, a 2014 study by Merrill Lynch shows that nearly half of current retirees are working, or plan to work, in some capacity, and nearly three-quarters of people in their fifties want to continue to work after age 65. Buying a franchise a decade or so before reaching retirement age is one of the smarter things you can do in terms of both income and remaining engaged in the business world. You will still have income from employment while your franchise business is growing, and when you are ready to exit your job, you can do so on your own terms with established positive cash flow from your franchise business.
Franchise Owners can enjoy the benefits of owning a business that produces positive cash flow and yet gives them the freedom to enjoy their retirement years.
One of our Franchise Specialists will be happy to discuss your retirement goals and help you explore the possibility of franchise ownership. It just might be the key to having the kind of retirement you want and deserve. Give us a call at 866-987-4866 for more information.
La Mancha Sims is Managing Director and Founding Partner of Triton Business Group, Inc., a business funding consulting and real estate investing firm with offices in Atlanta, Georgia and Charlotte, North Carolina. La Mancha is a former Naval Officer who has over fifteen years of experience in franchise and commercial finance, specializing in assisting entrepreneurs who want to enter the franchise industry as owners or investors. You can reach La Mancha at 866-987-4866.
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