Reply to if you retired early from your primary career to start your own business, curious to hear your experience

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Reply to "if you retired early from your primary career to start your own business, curious to hear your experience"

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[quote=Anonymous]If you're able to cut your hours at work to be part time and still earn benefits I think that's your best bet. I'm 56 and left a position that was overwhelming about a year ago, because I was working such long hours I felt I was missing my kids grow up. In retrospect, I wish I had changed positions rather than quit, but I am actively looking for a part time position now. The biggest challenge I think is finding a position that doesn't turn into doing a full time job on a part time salary. I would likely work a set schedule like Mon-Wed to avoid it creeping into all my time off.

In the meantime I have a small business doing garden design and coaching. I really don't earn much considering all the time I put into it, but it is always in the black and we can get good tax deductions from the business expenses. My profit is maybe $20k/yr and it's very seasonal. I'm hoping to find a part time job with benefits so I can still take on a limited amount of garden projects in the spring and fall, but have steady employment year round. We have about $3M in retirement/brokerage accounts and my spouse still works full time and we get health insurance from his business which he owns (but the insurance is EXPENSIVE esp since it comes out of his business). If I worked part time, realistically I might earn $60-75k...not a major difference, but if I could get employer provided health insurance that would be great. We would live on DH's salary and my income would be used almost entirely towards paying down our mortgage and continued retirement savings, plus covering one family summer vacation.[/quote]

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