DIDN’T SAVE ENOUGH? 13 GREAT JOBS THAT CAN BOLSTER YOUR RETIREMENT INCOME
Only 55% of Baby Boomers have some retirement savings and, of those, 42% have less than $100,000, according to experts. Thus, approximately half of retirees are – or will be – living off of their Social Security benefits. This just may not be enough for most seniors. But, don’t panic!
The good news is twofold: in recent years, many workplaces have begun actively seeking senior employees because of their lifetimes of experience and their flexibility; and, according to many experts, including the director of the Center for the Study of Market Reform, people actually stay healthier when they continue to work after retirement: Work offers a routine and a purpose, and a reason to get up in the morning. “In the beginning when you retire, it might feel like more of a holiday,” says director Gabriel Sahlgren. “But after that, we see more of a ‘use it or lose it’ affect.” You may actually have more of a retirement to enjoy if you keep on working!
There are many jobs you can do on a temporary, freelance, part-time, or seasonal basis. You’ve worked all your adult life; keep an open mind and think about dream jobs that you had to pass up while you were raising a family or otherwise responsibly occupied during your working years. What are you passionate about? It’s time to take out the Bucket List!
Before you take on a part-time job or embark on a new career, there are several questions you’ll want to ask first, including:
• How much money do you need to earn?
• What kind of retraining are you willing to engage in?
• How much flexibility do you want/require?
• How much or how little responsibility do you want?
• What kind of work are you passionate about?
• Will you work part-time or full-time?
• Would you be willing to work for yourself, from home?
Here’s a list of 13 jobs you may consider trying in retirement:
Do you like to drive? Do you know your way around your town? If you want to work for yourself and maintain a flexible schedule, you could try companies like Uber, Lyft, or Amazon. Or you could get further training and drive a limousine, transport van, or school bus. Delivery drivers can make incredible sums in tips!
H&R Block offers a tax preparation course you can take (for a fee) to get the skills you need to get hired as a seasonal tax preparer. This is an excellent job you could return to on an annual basis at more than 12,000 offices around the US.
Substitute Teacher/Teachers’ Aide
In many school districts, you don’t need a degree in education to get hired as a substitute teacher or teacher’s aide. This will enable you to work on your own schedule and take only the jobs that interest you.
If you’re an animal lover, there are many different ways to be a pet sitter. You could help out family members or friends and neighbors while they’re at work or on vacation. You could sign up on Rover or Wag to be a dog walker or pet sitter, or start your own pet sitting business. And of course, in your spare time, your local Humane Society always needs volunteers to help out.
Musician Jobs for Seniors
Here’s where you get to learn to sell yourself and rediscover that musical talent you set aside while working and raising a family. Some retirees find part-time jobs as musicians and singers. The median hourly wage for musicians and singers is around $27, but pay varies based on the job.
Marketing might be required to get jobs. Also, one very good way to utilize your musical skills is by giving lessons to children and adults. Time to call a reunion with the old bandmates and hit the stage!
When you’re a fan of theater, the arts, and music, you can get paid to help out at events at concert venues, theaters, and performing arts centers. You’ll get free or discounted tickets to other events while watching the show while you work. What could be better than that??
Become a Writer
Whether it’s sharing what you’ve learned in your profession or exploring your creative side, many seniors take on writing jobs after retirement. There are countless opportunities to freelance on sites such as Upwork.com, or work independently on a book. Writers might start a column or take assignments from their local newspaper, or become an entrepreneur who starts a blog. There is always a demand for travel bloggers, which might combine two of your passions at once, traveling and writing about your trips! Which leads us to our whole section on:
Caretaking and house sitting are great ways to see the world without all the expenses. Many caretaker jobs offer positions for both members of a couple. Google terms like “house sitter” or “caretaker” to find short-term or long-term sources of jobs, and see the world! (Try CaretakerGazette.com.)
Working at a resort is a wonderful way for retirees to get away from the 9 to 5 office routine. Many ski and beach resorts are open year-round, so you won’t be limited to just seasonal work. And what better way to see the world than by resort-hopping??
Cruise ships need everyone from food servers to photographers to people to work in the gift shops.
At most major airlines, everyone from flight attendants to ticket salespeople get free or greatly reduced prices on flights wherever the airline goes.
Have you traveled on any tours that you particularly enjoyed? You might be able to travel and work with them as a guide.
The seasonal migration of snowbirds means there needs to be a seasonal migration of workers. CVS Pharmacy is just one of the companies that offers a program where you can work in Maine during the summer and Florida during the winter – that’s like working and vacationing at the same time!
As you can see, the lack of retirement savings is not the end of the world, and need not destroy your dreams of indulging your passions set aside from youth or traveling the world in retirement. You just need to face your bank account and decide how much you’ll need to bring in alongside your Social Security check to make ends meet. Social Security recipients age 65 and younger can still earn up to $17,640 in 2019 before a benefit dollar is withheld for every $2 earned above the limit. So get back out there and earn!