5 Alternatives to Traditional Retirement

June 7, 2010 RSS Feed Print

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Entrepreneurship. Some people don't want to retire completely, but wouldn't mind having more control over how they spend their time. "Most of my clients use a sabbatical to make a shift in career that is toward something that is more relevant personally and societally and it usually involves something more entrepreneurial," says Clive Prout, a San Juan Islands, Wash.—based sabbatical life coach. "Move towards the job you want now rather than working at something that you don't want in the hope that you can save enough to retire later." The baby boomers' decades of experience and lifetime's worth of accumulated friends can give them a huge advantage in starting a business. Those between ages of 55 and 64 had highest rate of entrepreneurial activity over the past decade, according to a recent study by the Kauffman Foundation.

Margery Miller, 62, of Dallas, Texas, currently works between 15 and 30 hours a week as a consultant and coach for her own consulting company, PeopleBiz. She sold her 29-year-old manufacturers' sales agency in November 2006. "I now know that I won't ever retire," says Miller. "I'm not saying that I want to go back and run another sales agency, but I'm busy in a way that works for me."

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This book changed my life literally. Want to be able to retire? Stop planning your assets and start planning your income. Wall Street has convinced most people that they need a "nest egg". Not only that, they have used heavy advertising to convince you that the "principle" should never be touched but passed along to your children.............don't worry, they will hold your nest egg for you and for a fee hold it for the next generation. After changing my goal from asset growth to lifetime income growth, I can enjoy life now and not worry about where the $$ will come from. I intend to own only my cell phone in my pocket when I die, so I can call up to say "Goodbye".
PS Instead of handing over money to my child, my daughter and I started a new business that gives my wife and I cash flow and our daughter a living income, hopefully , long after we are gone. Meanwhile, I have the fun of working with my 40 yr old child, thinking young, watching her skills grow as a business owner and self-sufficient adult. we are building something together, instead ofwaiting 20 years for my wife and I to die. shift your thinking away from the Wall Street model and be a lot happier in "retirement".

Steven of NY 3:10PM August 24, 2010

Boomers have less saved for retirement & need alternative options for where to retire. Lake Weir Living (LWL) in Central Florida has evolved the active adult/retirement lifestyle concept to answer the needs of today's Boomers. Boomers can still have fun and play hard. LWL, is a "Toy-Friendly" Community (8 miles from The Villages & 55 miles to Orlando), for Boomers frustrated with oppressive HOA restrictions & fees. New custom-homes from the $90s with no HOA and toy-fitted garages for "Toys" such as boats, motorcycles, RVs, and more. Visit their Blog for videos of new homes:
http://www.lakeweirlivingblog.com

lakeweirliving of FL 8:57PM July 18, 2010