Each year, the average age of principal farm operators continues to get just a little bit older. Many of these principal operators may not have developed a retirement plan, considered how to handle health care issues as they age, developed a succession plan, or even developed an estate plan. Join specialists from the University of Delaware Extension and the University of Maryland Extension as they help prepare you for this process.
Sessions will occur Thursday nights in August from 6 pm to 7:30 pm Sessions include:
Session 1: August 6 - Covering an introduction of the topics and retirement planning.
We often think that succession planning can happen “later” because it is just some paperwork… But in reality, it can take time, communication, and calculations to create the future you want. In this session, we’ll review a succession planning checklist, delve into understanding what it will take to retire financially and identify some business smart ways to save for retirement.