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The New York Times:
With small-business loans and second mortgages scarce these days, some middle-age entrepreneurs are starting companies using their retirement savings, a novel financing method that they say avoids loan payments and early withdrawal penalties.
These business owners are effectively treating their start-up ventures as any other stock in their 401(k) portfolio, and in the […]
Springwise:
Originally launched back in 2004, Mather’s—More Than a Café is a chain of three Chicagoland cafes operated by Illinois-based Mather LifeWays, a nonprofit dedicated to helping seniors age well.
Offering a combination of restaurant, gathering place, fitness and educational center, each Mather’s locale is essentially a neighbourhood being space for seniors that aims to help older […]
The New York Times:
You, too, can be an entrepreneur. Many of them are part of the first wave of America’s 76 million baby boomers who are taking early retirement and turning their hobbies into small businesses. Very small businesses.
They say their microbusinesses are a way to give focus to a favorite pastime, get more […]
Expression:
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 […]
USA Today:
Baby boomers who came of age in the era of John F. Kennedy’s civic call to arms are now, in the second half of their lives, not just asking themselves what they can do for their country, but they’re actually doing it.
A new telephone and Internet survey, touted as the first of its kind, […]
BusinessWeek:
Q: My husband and I are closing our business after many years, and we will be looking for jobs after the closure. Are we entitled to unemployment benefits, having been self-employed?
A: Business owners typically cannot file for unemployment benefits when they close their companies. This is because unemployment benefits are a form of insurance paid […]
Houston Chronicle:
Q: I’m an early baby boomer and am thinking about leaving my corporate job to open a business of my own. Do you have any advice?
A: You are not alone. Many of America’s 77 million baby boomers contemplating retirement are finding that slowing down is the last thing they want to do.
They’re seeking outlets […]
SmartMoney.com:
Here’s how many small-business owners plan to fund their golden years: by selling the business they’ve built for a pile of cash.
For soon-to-retire entrepreneurs, however, a probable recession could put a damper on those plans. “The No. 1 question we’re getting asked right now is: ‘Is this a good time to sell?’” says Robert Koenig, […]
Fortune Small Business:
Q: How do I start a 401(k) plan for a non-profit organization - and also, how do I do it for a self-employed small business?
A: Setting up a 401(k) savings plan is relatively easy, and the process is the same for nonprofit organizations and small businesses.
Start by contacting a major financial institution or […]
The Wall Street Journal:
Joseph Coughlin describes his work as “trying to get people to ‘age cool.’ ” More specifically, as director of AgeLab, a research program at the Massachusetts Institute of Technology, he is pushing advances in transportation, health care and housing off drawing boards and into older adults’ lives.
And he can’t do it quickly […]
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