Wolf Retirement Navigation - December 2019

The Joys of Starting a Business After You ‘Retire’ There’s No Expiration Date on Entrepreneurship

A s a nation, America is getting living longer than ever before and the baby boomers approaching retirement age en masse, older adults will continue to have a massive impact on the American economy at large. Normally, we think of seniors as people who cash in on the hard work older. By 2030, 20% of Americans will be 65 or older. With people

If you’ve ever tried to change jobs late in your career or pick up some part-time work after retirement, you know it’s hard to be hired as a senior. Quartz recently called seniors “the economy’s most underused natural resource.” Until more employers understand the value and potential of older workers, entrepreneurship remains the most viable avenue for seniors wanting to work after their primary career has ended. There are a number of reasons why seniors find creating their own business to be rewarding and why they tend to succeed when they do. Unlike younger people, who often become business owners in an attempt to make a fortune, older entrepreneurs can be content with small, sustainable micro-businesses. They also approach their businesses with a wealth of experience that can’t be purchased. As a result, 70% of ventures founded by older

entrepreneurs are still open five years later, more than double the rate of the general population. With so much potential to be found in senior-run businesses, it’s no surprise that organizations are rushing to empower older adults with the tools they need to succeed. Senior Planet, a coworking space for seniors with outposts nationwide, teaches classes on skills like website creation in a space that makes older learners feel welcome and comfortable. On top of being an important economic driver, entrepreneurship can be a wonderful way for seniors to generate meaning and value in their lives. It’s never too late to start the business of your dreams.

they’ve already accomplished.

Many young people even worry Social Security will be wiped out by the time they reach retirement age. But who’s to say older adults can’t contribute

to the economy?

You Can Create Holiday Cheer With JaxPAL Wolf Retirement Navigation is honored once again to partner with the Police Athletic League of Jacksonville, Inc. (JaxPAL) to share some holiday cheer with children in our very own neighboring communities. We are teaming up with JaxPAL to host a big Christmas party where at-risk kids in our local communities Please drop off all wrapped donations to either one of our offices by Wednesday, Dec. 18, 2019. We will be hosting the Christmas party for the kids at the JaxPAL Westside Center on Thursday, Dec. 19, 2019, at which time the kids will receive their gifts specially chosen by you. It is through your kind and generous donations that you will be helping us make Christmas dreams come true for these precious children! LET’S MAKE SOME MAGIC!

Last year’s JaxPAL holiday party was a huge success because of you! We want to thank our clients, business associates, friends, and families who make this wonderful event possible. A huge “thank you” to everyone who has already donated to this worthwhile cause and to everyone who plans to contribute. With your help, we can continue to support the JaxPAL mission and spread Christmas joy to kids who need it the most. Learn more about JaxPAL and other ways you can support at-risk youth in our communities throughout the year at JaxPAL.com. Thank you again for helping us make the holidays of 2019 a memorable and magical time of year for all the deserving children in our local Jacksonville and neighboring communities!

can enjoy some fun and holiday cheer. There will be treats, games, and presents selected for each individual child. We invite our readers to help make this celebration a reality. What You Can Do We have displayed Angel Trees at our Jacksonville and Fleming Island offices. Both trees are adorned with angel ornaments that feature a child’s name, age, and a brief wish list. Visit either office to select your very own “angel” to create some Christmas magic for a very special child in one of our neighboring communities.

The Power of JaxPAL Through education, athletic, leadership, and outreach programs, JaxPAL enriches the lives of children by creating positive relationships between law enforcement officers and the youth of our communities. With sports programs, after-school groups, summer camp opportunities, and leadership development, JaxPAL provides a safe haven from the everyday realities of crime and violence for more than 4,700 at-risk kids each year.

2 | 904-232-8760

2 LOCATIONS TO SERVE YOU! Jacksonville & Fleming Island

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