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Interestingly, some of the courses the community colleges offer is for seniors facing retirement without enough savings and social security to make it on their own. Another option for retirees is to create mini-retirements. Start a business, build it up and train the employees then sell, possibly to the employees through an ESOP, and retire until another creative business idea strikes. US Business Finance Corp assists retirees starting their new companies with funding possibilities and help in preparing a business plan for investors or the banking community.
According to the AARP, almost 80% of baby boomers plan to keep on working past retirement age. Some of the non-retirement actions are caused by economic necessity. However this generation has been more health conscious with regards to eating and exercising habits and is aging slower than previous generations - they just don't feel like retiring. Many companies welcome this news since they see a shrinking work force if baby boomers began retiring en masse when the first wave turns 65 years old in 2011.
Currently about 30% of potential retirees older than 65 are still in the work force and the federal government studies only see this number increasing. The fields most looking for reinforcements are education, health care and public service jobs that will take the largest hit - with an expected shortage of 6 million workers by 2012.
If you find running a business more attractive than retirement, contact the lending experts at US Business Finance Corp to review our alternative financing solutions and mortgage packages especially created for the under-served small business market.