First Business

August 01, 2011

Business owners: Saving for college or retirement - the new mid-life crisis

Like many, he spent his 20s, 30s and much of his 40s advancing his career and building businesses along the way. He put off having children until later in life so that he could provide more financial stability for his family.

In 2010, the crisis hit him. In this case, it wasn’t about a fancy sports car or a sudden urge to make a career change. No, this was a crisis about the future a college education for his son, or a secure retirement for himself.

Moltz suspects this could be a new normal.

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