Can A Microbiz Help You Enjoy A Better Retirement
Not having enough money for a comfortable retirement tops the list of financial concerns among aging Americans, according to a recent Gallup Poll. It even outweighs peoples’ worries about having a serious illness or accident.With statistics showing that Americans can expect to live 20 or more years after reaching retirement age and our longevity continuing to inch upward, these fears could be well founded.
Three out of 10 American workers haven’t saved at all for retirement, and among those who do, many have not saved enough, according to another study. The study showed that three out of 10 workers age 55 or older have saved less than $25,000.
There is an alternative to having to work full-time until we’re in a wheelchair. It’s also a smart choice as we get past age 50 and want to slow down a bit, but still stay active and stimulated. And that’s to gradually make the transition from working full-time as an employee to being in business for ourselves on a contract or per-project basis. By planning ahead, you can gradually turn your job skills into a “microbusiness” while you are still employed.
If you have worked in a specific industry for 10, 15 or more years, you are ideally suited for this type of transition. You can set up a home office in a spare bedroom of your home, get the equipment you need and gradually establish your business.
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Photo by dynamix.
RedHotFranchises on June 4th, 2009 9:06 pm
Building your own business during your sparetime is a great alternative to part-time jobs while being employed. Always research and try new things through trial & error. 2 Hours a day is enough time to invest everyday to Build a successful Business.
Jaclyn on June 7th, 2009 5:55 am
People do worry a great deal about their retirement. They wonder how they will survive on little to no money at all, what if they need a new roof, a new vehicle, or some sort of other big disaster comes up….how will they pay for it all, or pay for food for that matter. It is a very scary thing to think about when you are facing the possibility that you may be strapped constantly.
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