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Retirees Not Out to Pasture Yet

The Orange County Register, 7/1/07

Abstract:

When Marge Ball retired in 2002 from Coast Community College District in Costa Mesa, Calif., she planned to spend her time traveling, not for leisure but for business.

The 55-year-old converted Marge's Tours in Mission Viejo, Calif., from a side business to a full-time enterprise, offering group trips to local and far-flung destinations.

Ball is one of a growing number of Americans retiring into businesses rather than porch swings. The number of self-employed Americans between the ages of 55 and 6 4 grew 29 percent to 1.85 million in the past five years, and those over the age of 65 increased 18 percent to 756,000, according to the Bureau of Labor Statistics.

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