It's risky to use retirement capital to start a business

0
467


By Personal Finance 
There are essentially two types of people who would consider using their retirement savings to start or buy a small business: youngish people with an entrepreneurial spirit who want to escape the corporate world, perhaps with an innovative idea on which to base an enterprise; and older people who are approaching or at retirement age, who do not have enough savings to sustain them in retirement and need a source of income.
For the former, the risks are relatively small; for the latter, the risks are huge. Put another way, the longer you have been saving and the more of those savings you plough into a business, the higher the chances of your spending your final years in penury.
Read the Full Article at www.iol.co.za >>>>

General Posting Account
VT
VT
General Posting Account for VT

EDITORIAL DISCLOSURE
All content herein is owned by author exclusively.  Expressed opinions are NOT necessarily the views of VT, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network (VT).  Some content may be satirical in nature. 
All images within are full responsibility of author and NOT VT.
About VT - Read Full Policy Notice - Comment Policy