Small Biz Owners Not Prepared for Retirement

Many small business owners are unprepared for retirement, with a third of the women and a quarter of the men in a new survey having no estimate of how much they will need when they retire.

The survey, by the American College, a nonprofit educational institution devoted to financial services, found that while 66 percent of the women and 70 percent of the men said they had developed an estimate of their retirement needs, only half of these individuals have done so with the assistance of a financial professional.