Everyone who owns a business understands the need to have a carefully designed succession plan to ensure the sustainability of the operation for the long term, starting with a smooth “handoff.” While it sounds rather easy to draft and implement such a succession plan, reality is far different—and one of the biggest stumbling blocks are owners who just won’t let go. The MIT Age Lab and Hartford Funds, as part of its research into the benefits and challenges of living longer, came up with … Read More >