Unlike several generations before, those headed into the retirement years today are taking very different paths. Where people who retired at the end of the last century might have been content to play golf or cards and take the occasional trip, today's active baby boomers have big and diverse plans. And what's most interesting is that they are not passive plans.
The allure of starting a business is strong. That's part of the American dream for many, especially those in their 50s and older who are looking to leave their lifelong jobs in the corporate world or retire from a small-to-midsize company. The reality is that 27 percent of start up businesses fail within the first year and are at continued risk after that first year.