Blog
We keep you up to date on the latest tax changes and news in the industry.
The Boomer Retirement Boom: A Once-in-a-Lifetime Financial Opportunity
Economic landscapes transform every few decades, driving significant discussion among economists and business insiders. Currently, we are witnessing such a transformative phase, led predominantly by the Baby Boomer generation.
Baby Boomers are retiring at an unprecedented pace.
By 2030, every Boomer will have reached 65 or older.
More than half of small business owners in the United States are Boomers.
Trillions of dollars in assets are poised to change hands.
This isn’t a slow shift.
It’s a monumental wave.
For subsequent generations, it's an unparalleled opportunity.
This isn't about despair.
It's about potential.
It's not "the economy is scary."
It's your chance to seize the moment and shape the future you envision.
The Largest Business Transfer in U.S. History Has Begun
Boomers own businesses that are the backbone of their communities — spanning manufacturing, dental, landscaping, IT, restaurants, construction, professional services, retail, logistics, and more.
Many have dedicated 30 to 40 years to building their legacies. Now?
A significant percentage lack succession planning.
They are prepared for retirement.
They are eager to transition their businesses.
They are seeking successors to uphold their legacies.
This trend has garnered attention from major publications such as Forbes, The Wall Street Journal, and The New York Times:
Increased business-for-sale listings
A surge in entrepreneurship through acquisition (ETA)
Millennials taking on ownership roles
Gen Z starting businesses younger than previous generations
An anticipated wealth transfer exceeding $84 trillion in the coming decades
Translation?
Opportunities aren’t dwindling — they're multiplying.
If You’ve Dreamed of Owning a Business… This Is Your Chance
Perhaps you've envisioned creating your own venture — be it a practice, shop, service business, or brand. Maybe the scope seemed daunting, the risk too high, or the process too convoluted.
However, here's the key insight that often goes underappreciated:
Acquiring an existing business can be more feasible, safer, and more lucrative than establishing one from scratch.
Existing enterprises offer:
Established cash flow
Loyal customer base
Strong reputation
Built infrastructure
Trained staff
Operational systems
Community presence
Boomers are eager sellers. They are committed to ensuring their legacy endures and seek the right successors to continue their work.
For Gen X, Millennials, and Gen Z, this moment represents a prime opportunity to embark on entrepreneurship — not by grinding through a startup, but through a seamless transition.
If You’re a Boomer: Now Is Your Time to Cement Your Legacy
For those preparing to retire, this phase is equally powerful — albeit differently.
You've built something significant.
You've invested decades of labor.
Now is your chance to transition your business on your conditions:
Sell to a family member
Sell to a loyal employee
Sell to an aspiring entrepreneur within your community
Merge or partner with another organization
Implement a progressive handoff ensuring income protection
Create a comprehensive retirement strategy that aligns with your lifestyle and legacy
This marks not the end, but the beginning of your next chapter — and an opportunity to launch someone else's.
It's About Momentum, Not Just Age
There's a prevalent narrative suggesting economic volatility warrants a "wait and see" approach.
But observe the current trends.
People aren’t standing still.
Millennials are acquiring businesses at record rates.
Gen Z is entering business ownership earlier than anticipated.
Boomers are initiating next-stage careers, selling businesses, and transferring wealth.
The prevailing sentiment isn't cautious — it's innovative.
The crucial question isn’t “Should I act?”
It’s “What is the smartest next step?”
The Financial Advisor: A Key Player in This Transition
Whether exiting a business or entering one, strategic planning is essential.
This is where a financial professional plays a pivotal role. They can assist you in:
If you’re acquiring a business:
Evaluating financials to ensure a sound deal
Gaining clarity on cash flow, profit margins, and revenue potential
Structuring the business entity optimally
Creating tax-efficient purchasing strategies
Simulating best and worst-case financial scenarios
Crafting a strategic plan for the initial year of ownership
If you’re selling a business:
Preparing financial statements for valuation
Enhancing profitability before listing
Minimizing tax repercussions from the sale
Structuring payouts for long-term security
Developing a sustainable retirement income framework
Building the legacy you aim to leave
No major financial decision should be made in isolation.
With the right guidance, the path becomes more clear-cut.
This Is Your Moment — Regardless of Your Generation
Boomers laid the groundwork.
Gen X is set to expand it.
Millennials are redefining the landscape.
Gen Z is carving their path earlier than ever.
The great transition isn’t a threat.
It's an opportunity.
An opportunity to own.
An opportunity to sell.
An opportunity to build.
An opportunity to pass down.
A chance to deliberately shape the next decade of your financial journey.
And that’s something to be wholeheartedly excited about.
Ready to Discover What This Opportunity Means for You?
Whether contemplating a business sale, acquisition, or future planning, our firm stands ready to help evaluate your prospects and forge a supportive plan for your future.
Contact us — let's explore the possibilities together.
Sign up for our newsletter.
Each month, we will send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.
We care about the protection of your data.