Zoom Call with Carol Williams Knowing When It's Time to Retire

Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Zoom Call with Carol Williams  Knowing When It's Time to Retire

Carol Williams  Knowing When It's Time to Retire

The Zoom call this week was presented by Carol Williams and was a combination of preparing for retirement. and adapting to the situations that life presents as well.

As Carol described her transition it was thrust upon her to attend to her ailing husband.  With the pause, she essentially was away from the day-to-day operation of her businesses for over 18 months and during that period, she eased herself away from the day to day and as she had 2 separate business entities, she had a ready brand looking to acquire her business at an amount that allowed her to address other areas.


Carol Williams  Knowing When It's Time to RetireOur real estate business offers flexibility that is not common to other businesses. As such we have the ability to control how we work, when we work, and with whom we work. 

Carol had a property management company as well as her real estate business. She had a local company that had approached several times over the years and as she felt the need to take time for herself, it was a convenient and logical transition for her.

Carol Williams  Knowing When It's Time to RetireNot all have the same needs or desires. When considering retirement, first would be the financial reality of monthly income to maintain a quality of life we want.

Then there is the 'Bucket list' to satisfy and having the resources necessary to do all that we want to do.

Then there is the time to do it all and that is a variable that we have no answer to.

Carol Williams  Knowing When It's Time to RetireHow will we spend our time when we retire?

Have we put aside hobbies that we will now be able to address more frequently?

These are considerations that will justify the time away from work, or maybe allow for both with part-time work.

There are things that we all like to do and we should spend those days catching up on the things we have put off. The ideal mindset is to be able to be appraising those final days with the mindset of so what, and not I wish.

The ideal way to retire is when one has no debt. Having a home that needs no work and sufficient income to manage the home as well as allow for some extras. Health insurance is a must.

Carol Williams  Knowing When It's Time to RetireAfter time in business, there will be an evaluation to address past clients, and what will you do for your past clients.

Some people will choose to maintain their license and refer out their clients to agents that they themselves would work with to sell their own house.

If the client base is such that it would be viable to sell off the book of business, that is another consideration.

Notifying those clients that you are stepping down and giving them that referral to an agent that you trust is a good way to exit and feel that you are doing right by your sphere.

However one chooses to transition it is still something that needs thought and preparation, and just maybe offers a bit of financial gain as well.

Zoom Call with Carol Williams  Knowing When It's Time to Retire

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Edward (Ed) Silva
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Comments (26)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed there was a lot of excellent discussion, and Carol did a great job in presenting many of the considerations that goes into making a decision to retire.

Jun 01, 2023 03:58 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- thank you for recapping this each week. Carol Williams did an excellent job and I loved the discussion that went along with the presentation!!!!

Jun 01, 2023 05:22 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I am certain all who were able to attend Tuesday's Zoom session benefitted from doing so.

Jun 01, 2023 05:24 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Ed, on having this blog FEATURED in the Old Farts Club group!  

Jun 01, 2023 05:41 PM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed,

I always appreciate your recaps.  Retirement is a very personal decision.  But as we age, it is something that needs consideration and planning.  I wish I could have been on the call. 

Jun 01, 2023 06:16 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

They say when you can look back on a career through the years and have a big smile about it, you’ve done something, right. :) Congratulations, Carol!

Jun 02, 2023 04:38 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sorry to have missed Carol's presentation... but being a short week, I was cramming in some 5 days worth of work into four. At this point in time, since I have no bucket list calling my name I suspect I won't be retiring any time soon.

Jun 02, 2023 05:02 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

That was a very interesting discussion and great writeup. Carol's thoughts/suggestions would be good not only for actually retiring, but for moving on and trying something else. The same thought process prevails!

Jun 02, 2023 05:16 AM
Dr. Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

I love Carol and her zest for life. I so appreciated the fact that she made her way to Granbury on her trip a few years ago. What a treat to meet her in person.

Jun 02, 2023 06:44 AM
Carol Williams

I loved meeting you and Mark on my way through Granbury! ❤️

Jun 03, 2023 08:47 AM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Ed, for your report on this Zoom session. 

I was fortunate that we were able to sell several of our companies, including our insurance agency, our property management accounts and our multi-state franchise operations.

Jun 02, 2023 07:10 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I am sorry that I missed this zoom call.  Is there a link to watch it again? 

Jun 02, 2023 07:11 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Everyone is different and some people really like to work, but I want to be able to retire while I have plenty of time to enjoy my retirement, haha.

Jun 02, 2023 07:12 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’s really nice for everybody to show you so much. Thanks for your years of service. The love is definitely felt. :

Jun 02, 2023 10:29 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

I wish I could have joined on the live meeting but I appreciate the Ed Silva recapp. 

At my age, thoughts of retirement do occur. I am not ready now, but hope that I will recognize the right time to step away from my business.

Jun 03, 2023 08:09 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Ed Silva ,

I was bummed to miss Carol Williams presentation but so glad to read your well done recap! I loved meeting Carol when she was on her road trip! She has done what works for her with style and enthusiasm! 

Jun 03, 2023 08:32 AM
Carol Williams

We had so much fun enjoying that meal and the sunset, didn't we Dorie Dillard Austin TX ?

Jun 03, 2023 08:48 AM
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Thanks for the recap Ed.  The post, and the comments are interesting. Each person has their own different situation; and their wants and needs in retirement are varied. The ‘time variable’ which has no answer has to be somehow taken into consideration …….

Jun 03, 2023 10:09 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

I thought I commented on this but, must have missed hitting the 'comment' button, Ed! 

Thanks for the re-cap. It was one of the best calls we have had. I loved her presentation and the discussion that followed. We need to have more of those 'interactive' meetings, for sure!

See you on Tuesday!

Jun 04, 2023 01:14 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Like Dorie Dillard Austin TX i was sorry to miss carol’s zoom meeting and appreciate the summary

Jun 07, 2023 07:11 AM
Ernest Villafranca
Better Homes and Gardens Real Estate - Oakland, CA
3923 Grand Ave. Oakland CA, 510-418-9443

When to retire?

I'm 68 and I'm thinking of renewing my license another two times. I'm checking my years, health, and desire to work. My guess is that I've got 17 good years left on the planet, and I want to do some fun things while I can. I don't want to be like our Senior Senator from California and be on the job at 89!! I don't want people to say, "what happened to that realtor we knew, Villafranca? Oh, him? He died filling out a purchase agreement!" 😂

(If I don't get sick, my wife might.)

Jun 07, 2023 11:20 AM
Aura Alex
Seattle, WA
Retired Real Estate Pro

Carol Williams and I had a blast on the Olympic Peninsula! Afternoon? More like wine-o'clock! Retirement is treating me well; the only thing that matters is chillin' with my peeps. #winetime #retirementgoals 😁

Jun 08, 2023 08:30 AM