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How to get ready to retire Add to ...

Here are some tips from the experts:

Start early

Begin planning at least 10 to 15 years before you will be ready to retire.

Put a team in place

Seek the advice of specialists, from accountants to lawyers to investment advisers. Pay heed to the tax-planning and other valuable advice they will offer.

Start saving

Make sure you sock away the maximums allowable under vehicles such as registered retirement savings plans. Don't give away your dollars to the tax man too easily.

Get a succession plan in place

It might take years but usually does make for a happier transition.

Not interested in stepping down?

How about stepping aside? Groom a successor to take over the day-to-day responsibilities, then reduce your hours and move into a more visionary role.

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