“In the U.S., the economy has been rough since 2008,” said John DeHart, co-founder and chief executive of Nurse Next Door. “You have a lot of seasoned executives getting packages, and they’re looking for new careers. And you have this disproportionately high unemployment in the under-25 group. With that you get the dad/grad trend.”
Starting a business
It's sad to see someone get to retirement without enough money to make it through. It's even sadder to see someone save all their life and then lose it needlessly. Many Boomers realize that retirement may be the perfect time to start a new business, maybe that business you've always dreamed of owning. But Boomers have two things that make them attractive targets for schemes that may or may not be in their best interest: they may have a pool of cash that they saved up for retirement and some significant equity in their home.
Are you nearing retirement and exploring new opportunities? Or, are you wondering how you will manage once you retire? A growing number of individuals over the age of 50+ are turning to small business ownership. We call them “encore entrepreneurs”.
Whether you are interested in starting a small business right away or intend to wait until retirement, now is the time to explore the possibilities.