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Small Business Boomers

Archive for the ‘Boomers nearing retirement’ Category

July 2nd, 2008

The Single Biggest Retirement Planning Mistake Boomers Make

Are you thinking about retirement in the next few years? In my interview with Bill Losey in recognition of National Retirement Planning Month, I asked him:
Q: What is the single biggest mistake people make in planning their retirements?
A: In Retire in a Weekend I said the biggest mistake is taking advice from unqualified […]

By Jean -- 0 comments

July 1st, 2008

July is National Retirement Planning Month! My interview with Bill Losey, author of Retire in a Weekend

In recognition of National Retirement Planning Month in July, I interviewed Bill Losey, America’s Retirement StrategistTM , author of the book Retire in a Weekend: The Baby Boomer’s Guide to Making Work Optional. Bill is a Certified Financial PlannerTM and a Certified Senior Advisor and he has lots to say to those of […]

By Jean -- 1 comment

June 30th, 2008

Baby Boomers: Vacation to Try Out a Vocation

I just found a website for an interesting company called VocationVacations®. The company sends you on a vacation to try out a vocation.
Have you ever wanted to be:

An alpaca rancher?
A bed and breakfast owner?
A chef?
A dude rancher?
An interior designer?
A private investigator?
A sailing boat captain?
A wine bar owner, vineyard owner, or wine retailer?

There are many […]

By Jean -- 0 comments

June 29th, 2008

Boomers: Should you pay off your house before you retire?

Good question. You are getting ready to retire in a few years. You have a fairly nice house, accompanied by a fairly large mortgage. Should you pay it off?
For: Paying it off will give you more money to spend in retirement. You will have money sitting around and available […]

By Jean -- 0 comments

June 27th, 2008

Baby Boomer Retirement = A New Career

Baby boomers, please congratulate my husband - he is officially retiring today. Well, to be exact, he is leaving the full-time job he’s been in since 1980, leaving behind many friends and a lot of very productive work.
But he is not going to be sitting around the house - God forbid! He has […]

By Jean -- 0 comments

June 16th, 2008

Interview with Boomer B&B Owner - Part 1

My husband and I just left our favorite B&B - Olde World Bed and Breakfast in Dover, Ohio after a wonderful weekend. As I promised in my previous blog posts (one, two, and three) I interviewed the owner. I’ll share this interview with you in two parts:
Linda and Ronnie Stroup (young baby boomers) […]

By Jean -- 1 comment

June 14th, 2008

Starting a Bed and Breakfast: Do you have what it takes?

I have been writing about bed and breakfasts as places to stay on a boomer vacation and as a business for baby boomers. Today, I’ll talk about how to start one and your odds of succeeding.
HomeBizNotes wrote about bed and breakfasts a few months ago and listed 21 “brainsparks” for you to consider if […]

By Jean -- 1 comment

June 11th, 2008

Baby Boomers Evaluating Franchises: No Second Chances

In the same way as any kind of investment, do your homework. As I posted yesterday, if the franchisees of Cork and Olive had checked public records in Florida, they would have found out that Michael Probst had a judgment against him for over $800,000. That alone would have scared me off.
In […]

By Jean -- 2 comments

June 8th, 2008

Businesses for Boomers: Senior Care Franchises

When my mother was in an “independent” living facility a few years ago, she was in need of someone to help her get to and from doctor appointments, and help her take medications. (Her children were not living in the area.) The facility suggested we call Comfort Keepers. They sent Jane, who […]

By Jean -- 1 comment

June 7th, 2008

Should you use an IRA to fund your business?

I’ll bet you didn’t know you could use an IRA (called a “self-directed” IRA) to fund your business. I recently wrote about using IRA’s to fund businesses on my About.com Guide Site, U.S. Business Law & Taxes.
But I hesitated a long time before I wrote it. I don’t give investment advice, and I […]

By Jean -- 0 comments

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