Small-business owners are coming up short in retirement planning

07/11/2013 | CBS MoneyWatch

Sixty percent of small-business owners confess to not putting enough money aside for retirement, and nearly three-quarters say they're concerned about being able to maintain their desired lifestyles after they stop working, according to an American Express survey. Some small-business owners count on the sale of their companies to finance their retirements, but financial advisers caution against this tactic. "They're not diversifying," financial planner David O'Brien said.

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