Get all your news in one place.
100's of premium titles.
One app.
Start reading
Kiplinger
Kiplinger
Business
Maurie Backman

I’m 64, Retired, and Want to Invest $400,000 of My $2.4 Million Portfolio in a Winery Startup. Am I Crazy?

Wine farmer on vineyard field in nature, happy about sustainable lifestyle on agriculture farm and smile for sustainability in alcohol industry. Happy worker with arms crossed at job in ecology.

Question: I’m 64, retired, and want to invest $400,000 of my $2.4 million portfolio in a winery I'd co-own with a few partners. Am I crazy?

Answer: Many people look forward to retiring because it typically means a break from the daily grind of work. But there’s a downside to not working — having too much free time. If you’re starting to feel restless in retirement, you may be interested in starting a business — not necessarily for the money, but to have something meaningful to do with your time. And let's be honest: Being a vintner sounds like a lot of fun.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.