Friday, October 1, 2010

Retirement

Many people have their dream of what they wish to do when they retire. Some wish to pick of things that they enjoyed when they were younger, some to travel and some to just relax and enjoy life. However for small business owners that opportunity seems to be declining. Now over 69% of people say that they will retire when they are over 65 years or not at all; in fear that they will not have enough money. In 2007 8 in 10 owners of small businesses said they had enough money to retire comfortably now today in 2010 fewer than 2 in 10 feel that way.
Regardless how you view retirement, small-business owners do have retirement worries that the recession and financial crisis of the past several years have exacerbated. Many people worry that when they retire they wont be able to maintain the life they now live and enjoy. The economic crisis has done great damage, seeing that many Americans have lost their jobs, incomes have declined and lost their homes. Many Are now seeing a economy that will never be rebuild.
Jacobe is right when she states that small business owners do have an advantage, they love what they do. Does that mean that one day they will want to retire but cant? Or do they just say they cant so they still have what they all love so much. In away it would be retired if they love it, isn’t that was retirement is about; doing something you love?
 
 
 
 

http://www.gallup.com/poll/143351/Nearly-Half-Small-Business-Owners-May-Retire.aspx

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