Poll: Retirees Opt to Continue Working
to Supplement Their Income
A Stanford University survey of Baby Boomers discovered a startling fact. One third of male boomers and one fourth of female boomers are working after retirement. Reasons cited are:
- Supplement their retirement income
- Keep their mind and body active
- Make a difference in their community
Household Income on Social Security Benefits May Surprise You
In a 2012 survey, the Center for Retirement Studies found that 80% of households on Social Security have an annual income of $36,000 or less. That fact alone is sufficient motivation to want to work after retiring from their full time career.
Are Baby Boomers Doomed to a Lousy Retirement?
However, having said that, these Baby Boomers are redefining retirement to include more leisure activities such as golf, travel, and spending more time with their grandchildren. Starting an online business or engaging in telecommuting activities permits flexible scheduling to achieve these goals.
Baby Boomers are Redefining Purpose in Their Latter Days
Baby Boomers want to keep their mind and body sharp and delay the onset of “old age syndrome.” They want to “wear out, not rust out.” During their busy careers, they were not able to volunteer in their community. After retirement, they want to make a difference in their community and will volunteer to help worthy causes such as church activities, homeless charities, and literacy programs. The list of opportunities to serve is almost endless.
- Question From Our Readers:
I’m a stay at home retiree. I need to bring in some money, but I really don’t want to go back to work away from my home. I have a computer, a fast internet connection and a telephone. What can I do to make money?
- My Answer:
I have been reporting on ideas to start a home-based business. There are telecommuting jobs with companies such as U-Haul and Amazon. There are also a variety of home businesses you can start with very little start up expenses.
Top Four Work at Home Jobs for 2016:
- Online Store.
Do you have a product that you want to sell? Maybe you make bracelets, candles or soap that your neighbors go crazy for? Set up a website and you’ve got an instant storefront. Websites can be started for a very low price now. You’ll need a domain name (your website name), hosting, and some way to design your website.
From there, you just need to work getting visitors to your online store to get sales. It’s not quite as easy as it sounds, but it is a very viable business option. Future posts will cover these topics. Content Marketing is the key to drive traffic to your website. I can help you with that by developing targeted SEO content to your audience. Click here for Hall Content Writing.com for more information.
- Key Resource:
Drop Shipping and Commerce Blueprint: Pros, Cons, and Myths Exposed by Christine Clayfield.
Ms. Clayfield has been operating an internet business for over seven years. She is sharing her secrets to success in starting and running a successful online store using drop shipping from other suppliers to deliver the goods to your customers. A few of the topics she covers are:
- Drop Shipping Basics
- Pinpoint Strategies for Product Selection/Margins/Pricing
- Product Sales Research Secrets Revealed
- Getting and Retaining Customers 101
- Law of Percentage, Margins, and Returns
- Complete Step-by-Step Blueprint
This course will help you avoid common mistakes and build a thriving business on line. Remember, while the upfront costs are low, you will have to devote quite a bit of “sweat equity” to develop the business. This is not aa “easy money” method. She is not selling instant success, but she offers valuable advice and secrets to make this business model work.
2. Tele Commute Jobs: Careful of Scams
There are businesses that will hire home workers for an hourly rate. These jobs are few and far between, but they are out there. If you want to qualify for a Telecommuting position, you’ll need to work on your resume and cover letter and interview skills. There is a lot of competition, but you can do it!
You can avoid scams by understanding that applying for a job to use the telephone and computer from your home is still interviewing for the job and putting your best foot forward. You do not need to pay up front money to scammers. But it is best to trust respected authors and job boards such as Guru.com and Outsource.com. Also, these jobs are advertised locally by reputable firms seeking qualified workers. Nurses, customer service, and other jobs are ideal for this type of work. Firms are closing down call centers in favor of employees using their home office. Here is one resource you might be interested to read.
- Key Resource:
Connie Brentford’s book, Make Money Online: 97 Real Companies That Pay You to Work in Your Pajamas, is packed with solid information. I have been careful to recommend these types of books since it is easy to write on this topic without doing the research. Connie is different. She has “been there, done that.” While she writes to stay at home moms, the principles are solid and useful for the retired worker seeking to “work at home in their pajamas.”
Connie covers a wide variety of topics such as:
- Your work at home strategy
- Call Center Work
- Online Transcription Work
- Administrative Assistant
- Avoiding Scams
She offers a ton of advice for work at home moms, dads, college students, and retirees seeking to supplement their income. I read all four of her books and gained insights to a variety of job opportunities. Click here for the book.
- Direct Sales.
There are literally thousands of Direct Sales companies, offering everything from cosmetics to wine. And, people do make money with these programs. (Of course, there are no guarantees, but there is potential.)
Some of these companies even provide their consultants with a website, free of charge. Beware of scams! You must really research a company before joining. Some are still in the “stone age” with their advertising policies and do not allow you to promote your website in any way. So, if you plan to work mostly online, do some research before signing on the dotted line.
- Key Resource:
You should read books on Multilevel Marketing (MLM) to gain a good understanding of the business model.
Mark Yarnell’s book, Your First Year in Network Marketing: Overcome Your Fears, Experience Success, and Achieve Your Dreams, is a good beginner’s guide to this business model. Click here for the book.
- Online Assistant:
Many people, young and old, are making a good living as a Virtual Assistant doing anything from writing articles to advertising for their clients. If you love office work, dislike office politics, this is an option you may want to investigate.
- Key Resource:
A good guide on developing your Virtual Assistant home-based business is by Lis Taliga, How to Become A Virtual Assistant: The 5 Key How Steps to Your Successful Virtual Assistant Business.
She is earning from $45 to $80 per hour depending on the skill set she offers to her clients. She worked for clients all over the world from her home office (she doesn’t mention working in her pajamas). The advantages of working from your home office include:
- Make Money From Home
- Do What You Love
- Work With Clients All Over the World
- Great Job Satisfaction and Variety
- Set Your Own Schedule and Enjoy Freedom and Flexibility
- No Commuting Costs, Office Attire Expenses, Fast Food Restaurants
- Gain More Free Time Just by Eliminating the Commute
- Save Money on Fuel, Train/bus fares, and Parking Fees
- Free From Office Politics
- Feeling Energized and Productive
This is a Click Bank digital product with an iron clad 60-day money back guarantee if you are not satisfied with the information. Click here to learn more.
There You Have It!
Once you figure out what interests you, network with other retirees who are successful. I live in a large retirement community in Florida and I was surprised at the number of retirees who are working from their home offices. Nurses are hired for telecommuting jobs. Event planners, eBay sales, blogging, and selling wine at house parties are just a few of the businesses they are successfully pursuing. They are enjoying the retirement lifestyle and they also enjoy staying relevant in the work world.
- Do You Have Any Questions?
It is time to seize the moment and do research on your interests, experience, and desire to work from home. Send me a note on your pursuits and questions and I will cover your question and answer in future posts.