Can a small business help you enjoy a better retirement?

Not having enough money for a comfortable retirement exceeds the
list of financial concerns among older Americans, according to
a recent Gallup poll. It even overcomes people’s concerns about
have 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
If you continue to move slowly, these fears could be well founded.

Three out of every 10 American workers have saved nothing 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 aged 55 and over have saved less
of $ 25,000.

Many of us plan to work past normal retirement age.
But at this rate, we may not have a choice. Some of us in
the Baby Boom generation can look forward to working beyond
65 years old, whether we like it or not.

There is an alternative to having to work full time until we are
in a wheelchair. It is also a smart choice as we go through
50 years old and I want to slow down a bit, but still stay active and
stimulated. And that’s to gradually transition from
work full time as an employee to be in business for
ourselves by contract or by project. By planning ahead,
gradually, you can turn your job skills into a “micro-business”
while still employed.

If you have worked in a specific industry for 10, 15 or more
years, it is ideal for this type of transition. you
you can install a home office in a spare bedroom of your home,
get the equipment you need and gradually establish
your business.

When the time comes and you want to make the change,
you can do this on your own terms, often by negotiating a
contract with your existing employers for 50 percent of your
weather. There are other ways to make the change, such as
negotiate a reduced workweek with your employer,
or work from home as a “telecommuter” a few days a week.

Others have started their private practice moonlighting
– doing some projects for other clients at night or
on the weekends of the year prior to your departure, and
building a clientele that way. As long as such work is not
prohibited by your full-time employment contract, is another
smart way to start.

Enjoy the freedom

Being your own boss means you can choose how hard
work and how much you are compensated. If you want to win
extra money for an upcoming trip or shopping, you can work some
overtime per week or take an extra project. If you want to take
four weeks off and visiting friends in Florida, just plan ahead,
keep your customers informed and ready.

Perhaps that is why people over 50 are much more likely to
Be autonomous, according to a study commissioned
by the American Association of Retirees (AARP).
The study showed that 16 percent of people over the age of 50
the self-employed, compared to 10 percent of the
personal. In addition, a third of older people who are self-employed
first-time entrepreneurs who started their business after converting
50 and spend many years working for other people.

Being in business for yourself … especially after a lifetime.
from being an employee of a larger organization … is the following
the best of being financially independent while still
earn a living.

You can reduce the hours worked per week to facilitate
Retirement. Or work in bursts of activity to earn extra money
for special purchases or trips. And the best part is that often
It doesn’t even feel like “work” anymore.