Private citizens, business owners, and self-employed professionals can create their own version of a pension — guaranteed income for life — by using annuities.

Spokane is in the early stages of one of the most significant economic shifts our region has seen in a generation. Tens of thousands of baby boomer business owners across the country are approaching retirement, and many have not yet reckoned with what that means for the businesses they spent decades building. Here in Spokane, that wave is already arriving.