10 business ideas for retirees

Whether out of necessity, opportunity or personal satisfaction, many retirees are starting their own small businesses. Here are a few ideas to get you started.

 of 12
 of 12

VIDEO ON MSN MONEY

120Comments
Oct 8, 2012 8:01PM
avatar
I've got one:  sit on the beach, drink margarita, ignore MSN.
Nov 15, 2012 9:18AM
avatar
AWFUL advice to live out your final years.......... yeah thats what I want to do when I retire   GET ANOTHER JOB!!!!!!!!!!!!!!!!!!!  How about cut Government spending and Give back to the people who worked their whole life enough SS to see the world before they LEAVE it...........
Oct 9, 2012 8:44AM
avatar
Yeah that's my passion for when I retire. I want to clean houses and wash windows. Oh yeah another niche spot cause we don't have enough financial planers, and doesn't MSN talk about not using one without a long track record? Or being a babysitter hell all those teen girls we used to use have nothing on me. I'm only 65 half blind, half crippled I want to spend my day chasing kids. Sounds good for a day or two if you like children.
Oct 9, 2012 3:36PM
avatar
what a crappy article.   Work your entire life to wash someone else's windows?  You gotta be kidding.
Nov 15, 2012 8:01AM
avatar

Unrealistic article and no clue about how society has changed in the last 50 years.  I agree with previous poster...wash windows at 60...are you kidding?

 

Being a tutor?  Are you serious?  Kids that are 8 years old are TEACHING ME how to use a PC, mobile device, programming my cable box,etc.  They are being taught subjects we were never exposed to when we were at their age and in addition, they are learning at a much higher rate. 

 

Article is nonsense and wasting space.!

Nov 15, 2012 8:57AM
avatar

I didn't retire so that I could do something that was equally or even more difficult than I was already doing.  I"m newly retired and when I start getting bored, I'm certainly not going to tie myself down the way my job tied me down.  Why not find something fun to do - something you like so much it doesn't even feel like "work," or why not do some volunteer work?  For me, personally, that means heading to my local humane society.  They need the help and I love animals.  Problem solved. 

Nov 15, 2012 11:28AM
avatar

Although it was nice enough of msn to offer these suggestions, most are not very practical for older people with limited mobility or for burned out professional people.

70 yesrs old now. I did not attend college nor retire a pro of any sort, however I did have to think hard about not being bored at home. So I invested in a PC and became self taught, my first success. I thought about getting a job but for me to be a greeter at Walmart, I just looked up and said "take me now God". So I began taking night courses in areas I never considered in my life time but became my second success at age sixty nine.

Now writing has become my passion, people began liking my essay's and poems with encouragement. Only 5 months into my new found niche my fourth essay was published. I received my first check. This time words failed me in describing how renewed I felt being part of a useful society again. "Everything old gets new again".

Nov 15, 2012 10:31AM
avatar
I retired and started a food truck, taking home 250K a year profit
avatar

I have two businesses I'm working now, to build up for when I "retire" from my full-time job.  I'm an accountant, so I'm building my portfolio of private tax preparation clients - avoiding the tie-down of monthly write-up and payroll returns.  Tax prep can be done anywhere I have my computer.

 

I also sell Mary Kay cosmetics, and have been building my clientele for that also.

 

Plus, I mesh the two - many of my tax clients now are other Mary Kay reps, and many of my other  tax clients have become Mary Kay clients too, as they know me well, and know I would not sell anything that I don't use myself, and that isn't the highest quality available.

 

Once I do retire, I will give up a 40 mile each way commute in exchange for the freedom to travel wherever and whenever I wish, while following my passions and  maintaining friendships and income.

Nov 15, 2012 8:41AM
avatar
I really would like to know how many people have had money to invest during their work history.  I know of many many people who live pay check to pay check.  They do not live extravagantly either.  Does the word Ramen Noodle strike a bell.  There are people who dont even have health insurance.  So starting a business when you retire is not in the best interest for alot of people.  They cant do it at 70 years old and the way the economy is going they will probably raise the age to 70 to get whats coming to you in Social Security, that is, if you qualify. 
Nov 15, 2012 11:00AM
avatar
You have to stay busy even after you retire.  Working for yourself in a small business is a great way.  I keeps the mind active and can increase social life.  Life is what you make it even after you retire.
Nov 15, 2012 10:40AM
avatar

Personally, I aspire to be a greeter at Walmart when I retire. :)

Nov 15, 2012 10:14AM
avatar
another stupid idea from someone who obviously dosen't live in the real world of people who can't find a job and have no insurance and looks forward to tryin to living off retirement which isn't enough. 
Nov 15, 2012 10:19AM
avatar
I really thought that when I retired that I could get a part time job working at McDonalds. I found out that McDonalds in this town doesn't hire older people.Atleast not retired. A friend of mine who is from Mexico and not legal applied with McDonalds...got the job and is still working today.' I asked him about e vererfi and he told me that the manager is related to his wife and did not process him though the system.Can't find a job anywhere.Not even a few part time hours a week. Too old I guess.
Nov 15, 2012 9:17AM
avatar
We are RETIRED! How about a work at home job on PC?? A lot of us have trouble walking, so climbing ladders, etc. out! Plant shop===heavy lifting!! Nope show REAL not PHONEY work at home themes on PC!!
Nov 15, 2012 11:12AM
avatar
Was this written by some 22 year old?  Who the heck will be able to climb ladders all day long in their 60's? Please, just give us that have worked for 45 years a decent SS, and not give it all to the illegals, welfare lifers, and wall street. Geezzzz...these articled get dumber and dumber.
Nov 15, 2012 9:07AM
avatar
Wonder who came up with this stupid suggestions. They must want people to lose everything cuz they don't look very workable to most.
Nov 15, 2012 10:41AM
avatar
How about a job that introduces no stress? All of what you listed has the potential for killing the participants- and this is supposed to be a positive?
Nov 15, 2012 11:42AM
avatar
This has to be the most ridiculous article I've seen in a long time. Who wants to wash windows after they have worked for 40 years?  Run a daycare, are you kidding?  LOL!  I'm sorry, even if they are just suggestions,  the person who wrot this article obviously has no clue what retirement means for most people. They shouldn't be writing an article on this subject!! 
Nov 15, 2012 1:41PM
avatar

 At the welfare office you see mexicans and asians sitting there looking sick and sad, and some of them are not even legal U.S. citizens they just have a green card . They get food stamps, medical, and plus. Us that are U.S. citizens and paid taxes all our life should protest because we have worked in this country . The Mexicans just come to take from this country so they can take back to Mexico. The Welfare office should be supplementing back what us tax payers have put in for all those people who take advantage of our money. Our govenment system sucks.

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.