Encore Entrepreneurs – Pursuing Passions into Retirement

The millennial generation may be the largest living generation, however, there still is a large number of boomers who are turning their interests, hobbies or skills into a small business. These Encore Entrepreneurs, whether they are pursuing it now as a side hustle or are positioning themselves for a second act after retirement, this is the best time to explore the many possibilities.
.

With so many resources available whether their target market is global or just in the neighborhood, the WBC, SBA, SCORE, AARP and DFLI can help them at every stage of the game when it comes to turning their entrepreneurial dream into a thriving business.
.
Listen in as I talk to Dr. Juanita Foster, who not yet is a boomer, however, she is one who knows that you can pursue your passion and start a business no matter your age.

 

Ready to Retire – Drive to Delaware

Ready to Retire?  Drive to Delaware

.

.

In 1976, my uncle Ernest packed us into his yellow Volkswagen and moved us from New Rochelle, NY, home of the Dick Van Dyke Show, to Dover, Delaware where he was stationed at the Air Force Base.

.

.

I was only 14 years old and thought my grandmother was out of her mind allowing this to happen…not only did I have another year of Junior high school but who would want to move to DelaWHERE?  There were more Amish horse and buggies on the road then there were cars, they actually had hitching posts in the ACME parking lot.

.

Amish Horse and Buggy

There wasn’t anything for teenagers to do, nothing exciting, except for the Roller Rink on Route 13, the Bowling Alley in Rodney Square and the Blue Hen Mall whose anchor store at the time was JCPenney.

.

Fast forward 41 years and guess what?  Delaware was recently named as one of the best states in which to retire, it was listed as number nine out of ten, check out the article below from Philly Voice.

.

Thinking about your future?  Consider staying in Pennsylvania to retire.

.

Wallethub, a personal finance website, published its “2017 Best & Worst States to Retire” list earlier this week and the Keystone State earned a pretty coveted spot.

.

The website used data from the U.S. Census Bureau, Council for Community and Economic Research, U.S. Bureau of Labor Statistics and more to gather the findings. They based the rankings on three main factors including affordability, health care and quality of life.

.

Each of the three categories considered factors like cost of in-home services, poverty level, access to public transportation and life expectancy.

.

Out of 51 states – including the District of Columbia – Pennsylvania scored the No. 11 spot, one below Wisconsin and one above Montana.

.

Delaware was found at the No. 9 spot in the overall list while New Jersey ranked at the far bottom of the list at No. 46.

.

The Keystone State also ranked the No. 4 spot under the quality of life category, No. 20 for affordability and No. 32 for health care.

.

View the top 10 list below or check out WalletHub’s complete findings here.

1. Florida

2. Wyoming

3. South Dakota

4. Iowa

5. Colorado

6. Idaho

7. South Carolina

8. Nevada

9. Delaware

10. Wisconsin

 

.

As you know hubby retired a few years ago, and I am anxiously looking forward to that day as well, and guess what…that’s right…we will downsize the McMansion in Middletown and stay right here in Delaware – remember we had looked at a few 55+ communities, however, we may move a little closer to Rehoboth Beach.

.
Let’s Chat: which one of these states would you like to retire to?
.

Social Media and Finances

“This is the year that I am going to get my financial house in order!”

You’ve probably said it once or twice in your lifetime. However, it doesn’t matter how many times you’ve said it in the past or how many times you may say it in the future, you can start from where you are now.

Tonight’s Podcast provided tips on investing, saving, and even making extra cash no matter how much or how little you currently have. I provided a list of Social Media apps and financial blogs that are available to assist with your financial goals.

My special guest was Courtney Richardson, a millennial investment expert, and owner of The Ivy Investor blog.