Research being done today shows more and more baby boomers are becoming entrepreneurs. The answer for this group today is possibly owning a home base businesses. There is no need to run amok looking for one of the brick and mortar businesses to become an entrepreneur. Just put your expertise to work for you from the comfort of your own home.
A home base business chosen from the hobbies and / or interests of baby boomers would probably be more prosperous and much more lucrative for the retiring baby boomer. Baby boomers would be more susceptible to success doing what they know and what they feel comfortable doing.
Those reaching retirement age or already retired are faced with the dilemma of what to do to secure their future and the future of their family. They are wondering what will they do to maintain a modicum of decent living. They have waited so long for the day to arrive that they could retire only to find the economy in such turmoil, they do not know what to do.
The future for baby boomers retiring really looks gloomy right now in the face of the 2008 economy. Is it possible for those baby boomers who own home based businesses to turn the economy around? Anything is possible.
There are some really destructive situations facing baby boomers today and one of the issues is the retirement savings that they have / had. If baby boomers had their retirement savings tied up in the stock market, they quite possibly could be without any retirement savings at all. What should they do now?
Just to think that you have worked all those years to have your savings wiped out and you had nothing to do with it. This would not be such a "hard pill to swallow" if other streams of income were in place. There is no doubt, the 2008 economy stresses are weighing heavy on those people who are contemplating retirement.