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Retire Rich

Entrepreneurs are good at growing businesses, but when it comes to personal portfolios, many all too often fall short. Experts share tips, strategies and secrets for the best ways you can accumulate wealth and retire rich.

This story appears in the September 2005 issue of Entrepreneur. Subscribe »

Retirement is not a word that often rolls off an entrepreneur's lips. Whether starting a new business or enjoying the benefits of an established one, few entrepreneurs care to think about their golden years-or anything else that might separate them from their companies.

Perhaps it's their built-in tolerance for risk, or the success-at-any-cost passion that entrepreneurs wear on their sleeves, but many seem to want to work until they hit it really big--or die trying. But that strategy won't ensure a life of leisure when 38 turns into 83. And it won't provide for your family--or your funeral--at any age. Like it or not, to retire rich requires careful planning at every stage of your business. From starting up to selling out, there are things every entrepreneur should be doing to balance the inherent risks of owning a business with the inevitable certainties of old age and death.

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