Auctioneers say they are seeing fewer estate sales now than 10 to 15 years ago as retirees keep ties to their farms
“They always say to leave the party when you’re having the most fun,” says Betty Turner. She and husband, Dennis Turner, love farming. But on Oct. 25, after 40 years of farming, the couple are having an equipment auction and retiring. “There comes a time to make some new memories, and that time is now,” […] Read moreTag Archives financial planning
Online services link owners, aspiring farmers
Older farmers who start thinking about retirement can sometimes have a hard time finding the right person to take over the land. Those obstacles can be even trickier to overcome if no family members are willing to stay on the farm. Producers usually want the farm to remain as a farm, but where do they […] Read more
You can’t take it with you — but do you know how much you’ll need while you’re here?
According to JPMorgan Asset Management’s 2016 Guide to Retirement, someone age 40 with an annual household income of $100,000 should have 2.6 times that amount put away for retirement, and by age 60, that multiple should be 7.3. Fidelity Investments calculate that at age 30, investors should have the equivalent of a year’s income stashed […] Read more
College bound? What you need to know
Those pondering post secondary education must have their finances in order; here are tips on getting started
Now is the time of year when many high school students about to graduate, and the parents who help them, as well as students who recently graduated, start planning for post secondary school. For those interested in agriculture, there are many options to mull over. According to an article in the American magazine Modern Farmer, […] Read more
Women take financial control
Advancing Women in Agriculture participants learn about investing and retirement options
In their later years, many women will be forced to manage their money on their own but few are well prepared to take on that responsibility. “The probability says that you will likely be alone or not living with somebody else and obviously be responsible for managing your financial resources,” said Gwen Paddock, RBC national […] Read more
