Mistakes Jewelers Make When They Retire

Retiring jewelers who want to sell or liquidate their businesses often run into obstacles. No one knows this better than Bobby Wilkerson, whose Stuttgart, Ark., firm, Wilkerson & Associates, has helped handle thousands of store closings nationwide over the past 30 years. Now Wilkerson is launching a Trade Transition Association (TTA) to help jewelers plan for retirement well ahead of time so they can avoid mistakes that can leave them financially ill-prepared. In a recent interview with JCK editor-in-chief Larry Frederick, Wilkerson offered advice for jewelers contemplating retirement and explained the goals of his new association. JCK: What is jewelers' biggest mistake when they retire? Bobby Wilkerson: Not planning ahead. They think they can just sell their inventory and live comfortably ever after. They can't. JCK: Why not? BW: It's usually not worth nearly as much as they
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