5 Reasons to Start a Business in Retirement

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Hey Boomers, friends are pretty happy at Lake Weir Living in central Florida (a toy friendly outdoor enthusiasts residential community). There's no crazy HOA fees & the homes (priced from the $90s) are custom built with toy-fitted gargages for big toys (RVs, boats, motorcycles....) Here, go to the blog for videos:
http://www.lakeweirlivingblog.com

hamptonbeach of FL 5:13PM August 04, 2010

Traditional retirement is the norm and will continue to be the norm because "retirement" is big business. Not only that, traditional retirement appeals to human nature to want to kick back and do nothing after you have worked most of your adult life, and are tired and burned out.
A new minset and lifestyle is needed to co-exist with the traditional notion of retirement. Society needs to support, encourage and promote lifelong growth and productivity for those who want to stay healthy, enagaged and ageless.
At this time, only a few individuals with vision and determination to overcome decline oriented retirement will plan for their future before they retire. They are the ones who will "have a life" after the "retirement honeymoon" wears off.

Barbara Morris of CA 12:49PM August 04, 2010

Good points as usual Sydney and the idea of continuing contributions to retirement accounts makes sense if you have income. Focusing on the mental side of things is key as well. Retirement is a new experience that we have to live through each and every day. A business that is built around your personal passion can keep it interesting and make you ready each morning to get out of bed and get to it.

Dave of CA 11:40AM August 04, 2010

The ability to deduct health insurance premiums from profitable self-employment income is an important thing to know. Between putting extra money into an IRA or SEP and these deductible health costs, having a part time job of your own making can be an important financial tool to a satisfying retirement.

Bob Lowry of AZ 10:44AM August 04, 2010