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Transcript: Making Money in Retirement

Standup: Americans are living longer, healthier lives... and retirement isn’t what it used to be! In fact, many so-called seniors consider retirement an exciting opportunity to launch a new career. Bankrate.com explains.

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Voice over 1: This is Marika Stone's retirement. She's a Yoga instructor...she loves it...AND she makes money at it!

SOT: “In a sense it kind of chose me, always loved movement, just got into slowly, didn’t think about a career, made me feel good..."

Voice over 2: That's one of the top tips to making money in retirement: follow your passion.

Voice over 3: Marika's husband Howard is passionate...about coaching "prime timers" through this "encore." You could say... they wrote the book on it!

SOT: "I started out coaching people in this age group, then did the website, then after we did the book."

Voice over 4: The Stones say it's key to evaluate your health and lifestyle... to be honest about how much mental and physical energy you can invest in a new business.

Voice over 5: This is not the time to crack your nest egg! Instead consider a small home equity loan, or "lightly" tapping into a 401-K.

SOT: “You have the freedom to chose the work you want on your own terms if you’ve got your money and your health taken care of...and that’s where creativity begins!

STANDUP: "It's a good idea for prime-time entrepreneurs to get help getting started. And a great place to do that is with the Small Business Administration, especially through their SCORE program. For Bankrate.com, I'm Kristin Arnold.

Bankrate.com's corrections policy
-- Posted: January 1, 2008
 
 
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