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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Pension Fund Crisis Looming

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Pension funds for police officers and other public employees have been battered and face a long recovery

The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.

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‘Project Wanted Horse’

‘Project Wanted Horse’ 

This year, as a humanitarian effort, the National Black Farmers Association (NBFA) and the Aminal Welfare Institute (AWI) launched ‘Project Wanted Horse,” assuring that any horse rescued from slaughter or an abuse situation would be placed on one of 94,000 NBFA farms across the country. Del Camino Equestrian Enterprises Inc., which takes a very special interest in “senior” horses has honored the NFBA its 2008 Best Humane Business Innovation Award for its commitment to senior horses.

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