Estate planning is a crucial aspect of ensuring the long-term success and continuity of any business, but small business owners face unique challenges that require careful consideration and planning. Whether you're the sole proprietor of a local shop or the founder of a growing startup, understanding the estate planning strategies tailored to small businesses can safeguard your hard work and provide peace of mind for the future.

Retirement planning is a journey that ideally begins the moment you start earning. However, the strategies and decisions in your 50s and 60s become critically important as you approach the transition from earning a paycheck to relying on your savings, Social Security, and other income sources during retirement. This phase of life is your last chance to significantly impact your retirement savings and ensure you can live comfortably in your later years. Here are essential steps to take in your 50s and 60s for a secure retirement.