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Retirement Period
mechanic19fail
post Aug 16 2011, 09:34 PM
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My father is already at 60 and his on retirement period so after receiving his retirement fee his planning to invest or have a little business . Any advice for any good business?
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DavidHood
post Aug 29 2011, 05:40 AM
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QUOTE (mechanic19fail @ Aug 16 2011, 09:34 PM) *
My father is already at 60 and his on retirement period so after receiving his retirement fee his planning to invest or have a little business . Any advice for any good business?


When my father retired, he worked part time in the same area that he had a job for a long time (lawyer). What did you father do for a living during most of those previous 40 years or so?


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AlbertDisuza11
post Oct 19 2012, 05:36 AM
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He should work in the field or open business in the field he has experience, probably where he was working before retirement.
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50shadows
post Nov 29 2012, 09:13 PM
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Depends on how fast can your father learn. My father went to the college (to get the second education in low) when he was the same age) But as I know there are people who have difficulties with new knowledge. In this way working in the field he knows would be the best.
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Elveen
post Jan 7 2013, 08:56 PM
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QUOTE (mechanic19fail @ Aug 16 2011, 10:34 PM) *
My father is already at 60 and his on retirement period so after receiving his retirement fee his planning to invest or have a little business . Any advice for any good business?



"Retirement savings are for retirement." Go over your financial plans with that person sooner rather than later; they need to know exactly who to talk to, where your money is and how to access it. You'll have peace of mind knowing that even if you're unable to make financial decisions, your money is being well cared for


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Pensionplan0
post Apr 11 2013, 11:20 PM
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Retirement investment is a big investment and we should be very careful towards is. So it is good to have a advice from good adviser so that we can make good investment and it bring rich fruits for our life after retirement.
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charlieee
post May 29 2013, 08:27 AM
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A secure, comfortable retirement is every worker's dream. And since our life span is getting longer, we should think on investment planning. Pursuing hobbies and earning from that after retirement is a good idea.
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ShadowWolf
post Sep 22 2013, 05:02 PM
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There are many franchises which can be bought for less than $10,000 (US). And, these businesses include everything you need to start including equipment, though often you will need to rent office space.


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Kirstwyn
post Oct 19 2013, 08:58 AM
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He should invest into a business where he can manage others. That way he won't have to work hard anymore. This would be the best retirement plan possible.
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tedsmith
post Apr 21 2017, 12:07 AM
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Investment is the best option after retirement.


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bennet.voerman
post Apr 25 2017, 05:39 PM
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QUOTE (tedsmith @ Apr 21 2017, 10:07 AM) *
Investment is the best option after retirement.


Yes, investment is a good option, but it's much better when it is done earlier or before retirement. Another thing is that you shouldn't settle on stocks, bonds, etc. there are lots of alternative investments available, some of these includes gold, real estate & cryptocurrency.
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elsdonflink
post May 19 2017, 02:31 AM
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he should start a business that is related to what he knows and what his skills are
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