QUESTION: I am 57 and have become very concerned about retiring and what I could get for my practice, how long I would have to stay and how the whole process works. I believe I’ve read all of your Q&As but have never heard you speak on this subject. Is there anything you can give me to read that sort of ties in everything?
RESPONSE: For CPAs in practice, succession planning takes on a meaning other than what it might seem. Many of the CPAs I know find it difficult to imagine themselves retiring, and therefore do little in the way of planning. For those who think they will work until they drop, stop reading now and go to the Sudoku puzzle, because that will probably provide you with more gratification in the long run.
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