The fourth option is to sell services to supplement your retirement
income or just to have fun and stay active in your golden years.
Retirement businesses have become extremely popular in the past decade,
mainly because the cost of living has dramatically increased, often
outpacing wages and retirement savings. The result is that many people
head into retirement needing a little extra income to cover expenses and
provide an adequate lifestyle or to maintain their per-retirement
lifestyle.
People are living longer and much healthier now than in decades past,
and because of this many are seeking new challenges; starting and
operating a business is a way to stay active physically and mentally.
Older people also have a proverbial ace up their sleeves when it comes
to starting a business and selling services: a lifetime of knowledge and
experience that can only be acquired by spending lots of time on this
planet. Because of the value of these skills, many people are willing to
pay big bucks for them. This is why many people who are reaching or
have reached retirement age have chosen to start a consulting business
selling their experiences, knowledge and skills for the benefit of their
clients.
