More over-50’s starting their own businesses

With pensions shrinking, many retired people are starting a small business.

At 63, entrepreneur Sam Taylor was retired.  All of his life he had worked hard.  He had a company that floated on the stock market and made enough money to live a life of leisure in southern Spain. So why, eight years later, did he swap sipping sangria’s in the sun for starting an online art business in his native Scotland?

 

 

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Cutting costs a new pasttime for retirees

Eliminating some unnecessary expenses and keeping an eye out for ways to save can help keep precious dollars at home.

The golden years of many retirees have been tarnished by low returns on investments and smaller nest eggs than they’d hoped. Meanwhile, longer life spans, increased expenses — particularly rising health care costs — plus a volatile stock market and low interest rates on savings have baby boomers facing tough choices.

 

 

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