For many business owners, their business is their largest asset and a substantial portion of both their current income and future retirement plan. That makes one question especially important when preparing for an exit: How much annual retirement income will the proceeds from selling the business actually produce? This is an especially important consideration because a business owner shouldn’t assume that a business generating good income for the owner could be sold at a significant profit afte...
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It is no question that many employers are facing an aging workforce. In fact, according to a recent survey by the United States Bureau of Labor Statistics, employment of workers aged 65 or older has increased by 117% within the last 20 years. As many employers know, the pandemic was a catalyst that accelerated employee retirement over the last few years – requiring many employers to scramble for qualified applicants to replace retired employees. Libraries should be mindful of the Age Discrimina...
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