Wondering what to do next now that retirement looms? How about starting a business? Seriously.
The 55- to 64-year-old age group accounted for 26% of new entrepreneurs in 2017, according to the Ewing Marion Kauffman Foundation. That’s a significant increase over the 15% figure from 1996. Research by the Global Entrepreneurship Monitor shows the same age group has the highest rate of business startup activity globally over the past decade.
Older entrepreneurs have figured out one way to hike the odds of a successful startup: partner with the younger generation. This strategy offers what hospitality entrepreneur Chip Conley calls the “intergenerational potluck” advantage. “In music, art, science, and just about everywhere else, diversity—diversity of age, diversity of background, diversity of thought—ignites the creative spark,” Conley writes in his book Wisdom @ Work: The Making of a Modern Elder. “Why should it be any different in the workplace?”
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The Fed's Mind Control
The idea that monetary policy shapes inflation expectations is about to get road-tested
With spectacular beaches, top-tier resorts, and a stellar Covid record, Anguilla is growing even more irresistible.
Same City - Different Games
What’s changed since Beijing last held the Olympics? Almost everything
Keeping Covid Out of The Cabin
As the pandemic enters Year 3, airlines are stepping up their hygiene routines
Boxed In on China
Biden’s inability to extract concessions from Beijing is a liability going into November’s midterms
Revisit Your Retirement Strategy
High valuations, rising interest rates, and spiking inflation make it time for a checkup
Ponzi schemer On the Pacific
Gina Champion-Cain was a beloved friend, mentor, and pillar of the San Diego business community. But her successful image and lavish lifestyle were fueled by a $400 million fraud
How Did Blake Hall Get Between You And Your Identity?
During the pandemic his online-authentication company, ID.me, became the government’s digital gatekeeper. And its grip is only getting tighter
Biden's Year 2 Test
As the pandemic wears on and prices rise, many Americans are disillusioned with the president. Can he win them back?
A FIGHT OVER DISCRIMINATION IN THE AGE OF ALGORITHMS
Redfin has staked its reputation on making a racist industry more equitable. Critics say it’s been denying services to Black homebuyers and sellers
A Guide to 401(k) Plans
Consider these strategies to get the most out of your savings.
The Inheritance Challenge
Some inherited assets are tax-friendly, but under new rules, others come with a hefty tax bill. We help you get the most out of a legacy.
4 Trends for the Coming Decade
From how long you work to where you choose to live, retirement will change in ways you may not expect.
A Simple Portfolio Is All You Need
It’s possible to build wealth with only a few funds—or even just one.
7 Inviting Places To Retire
These small cities check all the boxes for an affordable, active retirement.
The Virtues of Volunteering
My column on fulfilling ways to spend retirement (“Living in Retirement,” April) continues to generate inspirational responses from readers, many of whom have sung the praises of volunteering. You also volunteered the names of additional service groups that you have found rewarding. I’ll cite a number of them for those of you in search of a cause that strikes a chord.
Best 401 (k) Funds From Fidelity
We rate the most popular actively managed offerings for retirement accounts.
Best 401(k) Funds From Vanguard
Use our guide to the most popular actively managed offerings for retirement accounts.
5 Ways Seniors Can Safeguard Against Cyber Criminals Stealing Their Identity
As the use of personal computers and cell phones has grown over the last two decades, identity theft has surged. One study found that over 14 million consumers were victims of identity fraud in 2018, and that their out-of-pocket costs totaled $1.7 billion.
Where to retire? The search goes on
48 hours to figure out if Palm Springs checks off the ‘musts’ on the list