Working Seniors

For a long time, I’ve been saying I’m retired but still working. That doesn’t make sense. I’m really a working senior so that’s what I’ll call myself from now on. In reality, I’ll probably never retire completely, because I work for two reasons:

  1. I need money to live on.
  2. I like working.

The fact that seniors are living longer, and many are living below the poverty line is daunting. The statistics: 1 in 7 seniors lives in poverty, and 1 in 4 older single women live below the poverty line.

Did we actually never work? Did we never save? The answer to both those questions is decidedly NO.

We’re a hard-working generation. I grew up in a family business and had saving pounded into my head.

The fact is, we are healthier, live longer, and simply got caught up in economics. When wage growth lags behind the cost of living, you can’t keep up. It’s been going on for decades, and is just now leveling off.

Working Seniors
There are thousands of us who never stopped working, or we took a break and then got back in the work force.

I began writing before I applied for Social Security. Having a cash flow was important to me, and necessary. I was widowed fairly young (age 50), and managed my money very frugally. However, all things considered – the economy, family expenses and the cost of living- indicated that I should be earning. So I started writing, published a couple of books and lots of articles, marketed and gave seminars. Now I write blogs and research information about all things senior. I also do affiliate marketing.
Jobs for Working Seniors

References that turned up when I did a keyword search for Working Seniors includes: Home based, jobs, best jobs, part-time and careers. There are many options today for seniors to make extra money. Most of them have been mentioned in some of my previous blog pots. They bear being repeated here.
Internet business – this may be anything, from selling products to information to reviews of places and interests.

Franchises – there are many well-suited for the older generation. (Ask me about references)

Hobbies/Crafts turned into businesses.

Services you can offer for a fee in your community. Such as dog walking, childcare, driving, personal assistant, tutoring.

Counseling others on something you know well.

Teaching community classes, such as cooking, painting, foreign language, really anything you know well.

Affiliate marketing – monetizing on a website by reviewing and advertising products you have tried and like. The last part is important. Make sure you try the product or service it and are happy with it.

A link to a blog post of mine on this subject.https://seniorwomenandmoney.com/best-money-advice-for-stressed-seniors

Here’s my personal choice for learning and earning about affiliate marketing:

https://www.wealthyaffiliate.com?a_aid=bbef2943

Good business knowledge is important, even if your business is small. Here’s good information.

https://www.businessnewsdaily.com/4686-how-to-start-a-business.html

Taxes

Yup, it’s tax time again. Whether you work or not, or are currently taking social security, you should be receiving some documents to file with your taxes.

When your regular income is below the poverty line, you don’t need to file taxes. Be sure you check with a tax person, to be certain of the numbers. You can make an appointment with a tax specialist or company, like H&R Block, or you may be able to set up a phone call and talk to a tax specialist. Have your paperwork handy. This includes anything you receive that is marked Taxes.

Working seniors is the norm today, and this will continue for many years. The number of seniors in the population is increasing by the millions, and many older adults either continue to stay in their jobs, or plan a second job before quitting the first. Women have always struggled financially, earning less than men, and taking time off for child and family concerns. Those facts have impacted how we manage today.  Here is an interesting article that looks at aspects of senior life, particularly money, for both men and women.

https://www.dol.gov/wb/resources/older_women_economic_security.pdf

As the population grows and seniors continue to work and live healthy lives, nearly every industry will be competing to keep up. Housing, health insurance and care, transportation, travel, food, investments, clothing and leisure and entertainment will include the needs and interests of the older generation.

What to do with the money you have and what you may earn is an important consideration. Older people, in general, don’t always ask the hard questions. We’re known for being “nice and trusting” folks. Here’s where scamming comes in. I have written articles about scams that appear on my other websites. Here are links.

https://www.seniorslivingwell.blog

https://www.survive-strong.com

I found this excellent, in-depth article that addresses investing issues for seniors.

https://www.sec.gov/investor/seniors/guideforseniors.pdf

I’m so happy you read my blog post. The links I include are to expand on my information, and give you food for thought, as you navigate senior living.

I love to hear your views and comments. Please write with any quesstions, ideas or stories you may want to share.

Judy