The front end of the baby boom generation is is facing a crossroads. About 10,000 members of the baby boom generation turn 65 each day, a trend that will continue for the next 16 years, according to the Pew Research Center.
Many of them had to postpone their retirement when their savings were depleted by the Great Recession and stock market crash in 2008. But the U.S. stock market has roared back to record levels this year, opening a new window for retirement.
Similarly, the multiples of sales for companies also have recovered, prompting boomers who own companies to once again consider passing on their firms to the next generation of their family or selling them outright.
Is now the time to cash in your chips? Read more in the cover story of the new edition of BizTimes Milwaukee.