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 […]
Over the next few days, I’ll be providing information on getting a loan for your small business - you know, the one you want to start after you “retire.”
First, the Small Business Administration has two new online courses (really just PowerPoints) that provide information about the types of loans available and how to package a […]
For a year or so, I used an online data storage system. I uploaded copies of all my writing (books, articles, blog posts) and all my financial data faithfully. But in the back of my mind, I always wondered if that was a good idea or a bad one.
The advantage is your ability […]
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 […]
Back in May I wrote a couple of posts on wine-related businesses for boomers. Sean Kelly over at Franchise Pick has some more information about a wine store franchise called Cork and Olive. The Florida-based stores do wine tastings, sell wine and other related products.
The owner, one Michael Probst, closed out, laying off 40 […]
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 […]
Speaking of “little old wine-makers,” have you ever thought of wine-making as a baby boomer business?
There are several wine-making franchise opportunities available, including “Let’s Make Wine,” which was started by Ann Rosenberg, the widow of Dunkin Donuts entrepreneur Bill Rosenberg. Sean Kelly, over at FranchisePick, recently wrote a post about WineStyles, a new wine franchise […]
You’ve know about investment bubbles. We’re are all living through the results of the housing bubble. Of course with the bursting of the housing bubble there is now a new bubble in commodities. It started in oil, but has grown into metals and food.
How does this start? Bubbles start when your pension fund and your […]
There is a shortage of containers for shipping goods from the U.S. to other countries. Shipments are backed up for 3 months on refrigerated containers. The trade deficit for the past month is at its lowest level since 2001. Gas consumption is down substantially. The dollar seems to be holding at about 150 Euros. India […]
I got a phone call the other day from an automated calling system. It played me a recorded message. An unnamed credit card company was about to raise the interest rate on my credit card. This was my final warning. The only way I could stop them was to press 1 and talk to a representative.
I […]
business advice for boomers
Written by Jean Murray [email] for b5media.
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