If you’re concerned about income in retirement, it may be time to consider boosting your finances by starting a business. “The prospect of working beyond the age of 62 or 65 is fast becoming a reality,” says Roy Cohen, a career coach based in New York City and author of “The Wall Street Professional’s Survival Guide.” “Assets have shrunk, which is a huge concern for many retirees, and the ability to save enough to keep up with inflation is a challenge, too.”
To stay safe and have flexibility, consider business opportunities online. You may be able to generate income from a retirement business without leaving home. However, it’s important to pick the right field and carry out research before launching a business venture in retirement. You will need to find an online business option that lines up with your interests and expertise.
Consider these retirement business ideas:
1. Fitness trainer.