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Retiring Baby Boomers Need to Start a Home Based Business

March 22nd, 2017
Baby Boomers are quickly finding out that we just don't have enough money for a full retirement. So, what can Baby Boomers count on in our retirement?

Retiring Baby Boomers
Need to Start a
Home Based Business
to Ensure a 
Desirable Quality of Life
During Our Retirement.

Baby Boomers are quickly finding out that we just don't have enough money for a full retirement. So, what can Baby Boomers count on in our retirement?

What can Baby Boomers count on in our retirement?

• Your Job?
• Social Security?
• Investments?
• Savings?
• Home Equity?
• Affordable Quality Healthcare?
• Desirable Quality of Life?

If you have said 'No' to any (or even all) of these,
what can Baby Boomers count on for a desirable quality of life in retirement?

Here is the simple answer - It's not what, but who - It's You ...

We can count on ourselves.....
• Our Knowledge
• Our Experience
• Our Energy
• Our Contacts
• Our Resourcefulness
• Our Street Smarts

Start a Business that can continue to provide for you even after you retire.
What a concept, huh?

Is this a new idea for Baby Boomers to consider?
Smarter Baby Boomers have been taking this into consideration for the last decade. In 2000 there was fewer than 10% of us self-employed, but now in 2009 self-employed Baby Boomers have grown to over 26% of us.

What do those Baby Boomers know that you don't yet know?
Owning a business is a great alternative to your current popular retirement plans. Being self-employed gives you the choice between paying into Social Security and investing in yourself. In fact, in most cases, if you stop paying into Social Security in your 50's, you will still receive just about the same benefits as you would if you paid into it until you are 70.

Start Your Own Home Based Business
A very popular way to do this is to turn a hobby or interest into a Home Based Business. There are many ways that you can benefit when you own a business that you can't receive ordinarily.

With your own Home Based business, you can then deduct from your taxes all of the tools and supplies that you use in your business. The room(s) you use in your home can be deducted by claiming a percentage of your rent or mortgage with its interest and taxes as well as a portion of your utilities, insurance, and even many repairs to your home. All of those things you are going to pay for whether you have a business or not and you will even pay tax on the money that you pay for them. Remember, the tax savings is net money and can be added directly to the bottom line of your retirement income!

If you own your own business, when you retire you can either have a family member take over the business, hire someone to run it for you or you can even sell it for retirement income. This way you can receive income until you die and then you can even Will the income to your heirs. What do you have with Social Security?

If you choose to represent or sell your products over the Internet, all of your Internet costs are tax deductible; including your website, online marketing costs and even your computer costs are tax deductible. The list goes on and on. By making these things tax deductible you can limit (if not eliminate) what you pay into Social Security and now invest that money back into your own business or a retirement investment or savings program of YOUR choice.

Did you want to travel in your retirement?  
As you travel to visit your children and grandchildren or even take a deserved vacation, you can make the trip deductible by attending a trade show or perhaps by checking on new ideas and materials that will improve your products or service. Take that travel idea to the next level and become a Home Based Travel Representative. Yes, you can save up to 70% on your travel and write it off your taxes too.  

With your own Home Based Business, when you retire you can keep creating income to supplement your retirement and continue to keep those tax deductions that represent net bottom line income that most of the others will simply loose in their retirement years.

Consider Building a Website to Support the Marketing of Your Business

Bottom line: With your own Home Based Business, you are in control of your own retirement destiny.

Get a Quote on an Online Business Website or for a Website Makeover

Baby Boomer Magazine,
with due consideration of the present economic situation, 
has committed its investigative and editorial resources
to find individuals and companies of integrity
 as well as products, services and opportunities of quality and true benefit
 of all Baby Boomers in our preparation and implementation of our retirement  
with a desirable quality of life.

Baby Boomer Magazine Does The Research and Screening of products, services and retirement business opportunities expressly for their true value to Baby Boomers - ones that Baby Boomer Magazine can support with our "Baby Boomer Magazine Resource Guarantee".

Baby Boomer Magazine Utilizes our Baby Boomer Resource Partners to educate, consult and if found of value to you, to sell you the products, services or opportunities that truly benefit you as a Baby Boomer.

Baby Boomer Magazine's Resources Partners also represent various products, services or business opportunities that we have found to be of true benefit to Baby Boomers. We Guarantees there will be absolutely NO Hard Sell, NO Obligation, NO SPAM and NO Hassles.

Baby Boomer Magazine does not accept any Advertising Revenue from our Baby Boomer Resource Partners. We only monetarily benefit if you find the product, service or opportunity that is truly of benefit to you.

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Article by:
Dean Burns

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