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Boomers Becoming Their Own Boss In Retirement
Canadian Boomer Entrepreneurs Show No Sign Of Slowing In Retirement Years
October 18, 2007
Contact Harriet Shenken at (416) 324-2105
Category
Finance & Economy , Education, History, Lifestyle & Leisure
Location Canada
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This news release contains 947 words and 2 PDF attachments.
Toronto, ON – It appears that for many boomers, retirement is not an opportunity to kick back and relax, but to stay active in the workforce as their own boss. A new Ipsos Reid study of Boomers who have either retired early to start their own business or intend to do so, conducted on behalf of BMO, finds that some Boomer entrepreneurs intend to operate their business until they die (15%). Further, one in five (21%) intend on running their business for more than ten years into their so-called retirement, while four in ten (38%) intend to do so for somewhere between six and ten years. Just 16% say that they will engage in this activity for less than five years.
