More Americans Forego Retirement To Start New Businesses - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

More Americans Forego Retirement To Start New Businesses

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So is 60 really the new 40?  Seemingly, yes -- especially when it comes to starting your own business.

Growing numbers nearing retirement are, instead, venturing out.  Labor Department research finds one in four Americans between the age of 44 and 70 are interested in starting their own business or non-profit in the next five to ten years.  For some, it might be a way to manage retirement.  For others, it just doesn't seem time to retire.

"The sense and impression and perception of retirement is changing, and people who reach traditional retirement age may not be ready to step back out of the work force," says Janis Cheney, North Dakota State Director, AARP.

"The Small Business Administration is in the business of helping people to get started in their business to either provide financing, to provide counseling, to provide help with contracting to make their dreams come true," says Dale Van Eckhout, Senior Area Manager, U.S. Small Business Administration.

The Small Business Association says creativity, doing something you do better than others, and having a plan are key.

You can check out these AARP and SBA websites for more information:  http://states.aarp.org/want-to-start-or-grow-a-business/ and www.sba.gov/encore.


 

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