Retirement Planning

Retirement planning for farmers and small business owners can look very different from retirement planning for someone who has worked as an employee of a company or organization. Commonly, retiring farmers depend on a combination of income from the farm, sale of the farm assets, savings, and Social Security.  This reliance on the business, either by continued family living draws and/or the sale of the business assets can affect the farm’s succession potential.  This section provides resources to help farmers determine retirement timelines, retirement activities, living arrangements, living costs. 

Resources