Real Life Retirement™ Services
Generating retirement income by semi-retiring
- Going into business with your spouse lets you generate income together.
- Diversifying your investments helps to reduce risk.
- Supports her husband’s art—and their income—by helping to sell his work.
- Invested in her workplace retirement plan as soon as it became available.
Susan retired from teaching and created a cottage industry with her husband.
“My husband is an accomplished fine artist. His work is sold in galleries, art shows, and fairs. When he retired, we saw it as a way to go into business together. He built a studio with a kiln, and I became his manager.”
Retraining to become a better business person and investor.
“I’ve been taking business management classes so I can better support his work and help contribute to our income at the same time. We’re making actual money and spending time together that’s not in front of the TV.
“About four years before I retired, my school set up a 401(k), so I contributed aggressively. We hired a financial planner who diversified us into five or six different funds. We’re hoping our investments will pay for the fun stuff.”
We thank Susan for sharing what worked for her. Her words have been edited. The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. Examples provided are for illustrative purposes only and not intended to be predictive of future results.
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The types of financial transactions mentioned may not be suitable for everyone. Each investor needs to review a transaction for his or her own particular situation. Data contained here is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Examples provided,
including statistical simulations, are provided for illustrative purposes only and are not intended to imply future results you should expect to see. Past performance is no guarantee of future results.