On a similar note, I know >3 individuals with successful businesses, think small construction shop or solo professional suite. They make good money, but everyon

On a similar note, I know >3 individuals with successful businesses, think small construction shop or solo professional suite. They make good money, but everyone I've talked to doesn't have an IRA/401K or anything stashed, its all in their business. They have lots of cashflow, but are an injury, change in business climate away from ruin. Many don't have plans for hitting 60+ when they can't work anymore to keep the business going. They likely assume they will sell their business, but lately the valuations on these small time shops has been very low and many "boomer" businesses are having a hard time finding people interested in purchasing. Think mom/pop grocery store, ice cream shop, stationary store, etc. They own their home most likely, but thats all gonna get sucked in end of life care...