Alternate retirement planning

bill718

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At 71, I admit I made a lot of mistakes in my life, but here's one that I got right, that might help you folks in the 50–60-year-old age range:

Start a small business now that you can do in your elderly years! Don't quit your day job, but instead of coming home from work and flopping down on the couch until bedtime, spend 1-2 hrs. everyday cultivating a business. it could be anything; bookkeeping, medical billing, proofreading etc. It will probably take years to get off the ground, but when you do retire, you can work from home, take on enough work that's comfortable for you, and leave ample time for fun.

At first, retirement is thrilling, but as the months pass, you'll find it's pretty boring. If you've already established a remote work business years earlier, you'll stay mentally sharp for longer, have some extra $$ you wouldn't have before, and still have plenty of time for other things. You already have most of a lifetime of experience, and that's not something you'll get in any classroom. You can do this! :)
 

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