5 Brilliant Money Moves Baby Boomers Are Making in Retirement

3. Entrepreneurship

Insider Monkey Score: 25

Establishing a home-based business is another way Boomers are supplementing their retirement income. Not only does starting a business help seniors gain additional money, but it also allows them to keep busy and utilize their talents and skills to the best of their abilities. According to a survey by Guidant Financial and the small business alliance, this demographic makes up 41% of small business or franchise owners, next only to Generation X.