Presented by Cary Stamp
You’ve worked hard and are nearing retirement age. Like many other baby boomers, with your kids out of the house and a surplus of empty space and time, you may be thinking about moving. To help you make up your mind—or make your transition go as smoothly as possible—we’ve compiled this list of tips.
When we think of today’s entrepreneurs, young technology developers like Mark Zuckerberg, creator of Facebook, or Sergey Brin and Larry Page, founders of Google, often come to mind. But while fresh-faced tech innovators may dominate the headlines, another crop of businesspeople is proving that it’s never too late to forge an entrepreneurial path.
Over the past decade, Americans ages 55–64 have been at the head of the startup pack, launching more businesses than any other demographic. Armed with knowledge, skills, and professional networks cultivated in their previous careers, this new wave of baby boomer entrepreneurs is showing that they have what it takes to launch successful businesses later in life.
For most people these days, the idea of retiring early is just a dream—it’s not very realistic. This is due, in part, to the costs associated with obtaining health insurance before age 65, when Medicare eligibility kicks in. And, even with Medicare, a retiree’s younger spouse or dependents often aren’t covered.
Fortunately, the Patient Protection and Affordable Care Act (PPACA), otherwise known as the Health Care Reform Act, has changed the playing field somewhat, opening up new avenues for the early retiree; however, its provisions will take several years to be fully effective. So what can you do to find affordable care in the interim?
