Not expecting to go anywhere soon? Your mortality or current age is not really what this is about.
Creating a retirement plan now and fine-tuning it periodically lets you begin a process that:
protects the full value of your investment;
generates a potential income stream for retirement or disability;
reduces or defers the tax impact on your estate, spouse and family;
creates a smooth management transition with little or no business disruption;
allows family members or key employees to confidently assume ownership; and
enhances the overall worth and strategic direction of your business.
Still need convincing? Consider the significant personal, operational and strategic benefits that can flow from starting your retirement planning now - no matter how old you are!