The Joy of Owning a Business in Retirement

PLUS: Is Hybrid Long-Term Care Insurance Right for You? [VIEW IN BROWSER]( [Kiplinger Special Report]( BUILDING WEALTH [The Joy of Owning a Business in Retirement]( Golf and lazy days at the beach aren’t for everyone. In fact, some “retirees” get a kick out of challenging themselves as encore entrepreneurs. It can be engaging, fulfilling and lucrative all at the same time, writes Jacob Schroeder of Advance Capital Management. Plus: [Retirees' Guide to Do’s and Don’ts of Business Partnerships]( [READ MORE]( [Is Hybrid Long-Term Care Insurance Right for You?]( If you hate the idea of paying for long-term care insurance you may never use, a hybrid policy could be for you, advises Bud Boland of Brightworth. The money you paid in premiums doesn’t just evaporate if you never need the benefits: Your heirs could get most of it back as an inheritance. Plus: [The Long-Term Care Conundrum]( [READ MORE]( SPONSORED CONTENT FROM NORTHERN TRUST [Preparing for IPO-Generated Wealth]( [These are Your 3 Financial Advisors in Your Area]( A successful IPO often results in a tidal wave of wealth. Are you prepared to make the most of it? IPO-generated wealth and equity-linked compensation demand technical expertise and effective, targeted financial planning. Our experts understand the complexities you will likely face. [READ MORE]( [6 Things You Can Do Right Now to Ensure Your Money Will Last in Retirement]( Your retirement plan needs to take a holistic approach. Because there are so many decisions to make, it’s easy to get lost in the weeds. Follow these six signposts to find your way, according to Brian Skrobonja of Skrobonja Financial Group. Plus: [4 Big Retirement Blunders (and How to Avoid Them)]( [READ MORE]( [Estate Planning for Pets: How to Protect Your Furry Friends]( Where would your pets go if something happened to you? Who would take care of them, and how would their costs be covered? A pet trust could be the answer, advises Peggy R. Hoyt of The Law Offices of Hoyt & Bryan. Plus: [When Couples Divorce, Who Gets Fido? 'Pup Nups' Can Help]( [READ MORE]( [How to Turn Retirement Savings into Retirement Income]( An income annuity can convert your savings or a pension-plan lump sum into a lifetime stream of income. Ken Nuss of AnnnuityAdvantage explains the basics of how annuities work and some points to consider before buying. Plus: [Don’t Automatically Annuitize an Annuity – Shop Around First]( [READ MORE]( SPONSORED CONTENT FROM WEALTHRAMP [Meet a Financial Advisor Who Exceeds Your Expectations]( We make it simple to find and connect to advisors who fit your specific needs. All Wealthramp's advisors are rigorously vetted by Pam Krueger, investor advocate from PBS' MoneyTrack series. Unlock your access to the only fiduciary advisor referral service that lets you control when and how you talk to your matched advisors. [READ MORE]( ALSO ON KIPLINGER [Don’t Assume You’ll Pay Less in Taxes in Retirement]( [Thoughts Before Funding a 529 College Savings Plan]( [Sign Up Free for Kiplinger's Retirement E-Newsletter to Plan for and Make the Most of a Richly Rewarding Retirement]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( Send this to a friend. [Click here.]( All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to Building Wealth, a free weekly e-newsletter where financial pros across the country share best practices and fresh tactics to preserve and grow your wealth. If you ever wish to stop receiving this service, please [click here to unsubscribe](.