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Making Money

Retirement planning isn’t just about money. At the same time, money helps! Let’s explore the world of encore careers, jobs for seniors and small business success.

Aging Stereotypes Are Causing Discrimination in the Workplace. It’s Time to Take Action!
3 years ago

Aging Stereotypes Are Causing Discrimination in the Workplace. It’s Time to Take Action!

As many boomers know, trying to keep your career moving forward after 50 can be a frustrating experience. Aging stereotypes are just part of the story, but, they are an important part.

In a recent report titled “A New Vision for Older Workers: Retain, Retrain, Recruit”, Dr. Ros Altmann goes so far as to say that, in the U.K. most women find their careers grinding to a halt at age 45. Men get another decade of career growth before reaching a plateau, but, even they find it difficult to advance after age 55. Read More

How to Find Deals and Save Money with Groupon
3 years ago

How to Find Deals and Save Money with Groupon

Even if we care less about “things” after turning 60, we still get the impulse to go shopping occasionally. If this sounds familiar, you’ll love Groupon!

Maybe it’s for a new dress or pair of shoes in preparation for a stylish night out on the town. Or maybe it’s treating friends to a fancy dinner so you can all catch up and swap life stories. Or maybe it’s for a day all to yourself relaxing and getting pampered at a spa.

The problem is that you want to stay frugal, too, since you have bills to pay and necessities to budget for. And it can be hard to find a business that has a deal going on right now, or at least wait until a shop nearby holds a sale. This is where the organizing and searching power of the Internet comes in handy. Read More

Most Boomers Are Rejecting Retirement… and that’s a Good Thing for Everyone!
3 years ago

Most Boomers Are Rejecting Retirement… and that’s a Good Thing for Everyone!

One of my biggest fears for the baby boomer generation is that we have taken the concept of retirement too seriously. Many of us still believe in the notion that retirement should be a time for living off your savings, relaxing and “aging gracefully.”

Now, a new study by The Pew Charitable Trusts, says that the majority of baby boomers may finally be rethinking retirement. Most people surveyed said that they didn’t plan on retiring, in a traditional sense. Instead, they said that they wanted to continue working, either in their existing job or in a new career.  Read More

Can Age Discrimination be Cured by Freelance Writing and Online Work?
3 years ago

Can Age Discrimination be Cured by Freelance Writing and Online Work?

By  •  Making Money

Lots of women over 60 are looking for ways to make money, save more money for retirement, or perhaps start a new career. Unfortunately, age discrimination is all too real. Lots of people “of a certain age” get passed over for opportunities at work, forced into early retirement, or denied interviews for jobs that they’re clearly qualified for.

If you feel like you’re being held back in your career by the unfairness of the youth-obsessed corporate world, or if you don’t feel valued at your company, or if you’re looking for a new way to add value and earn income and feel connected, perhaps you should try freelance writing. Read More

3 Benefits to Starting a Business After 50 that Have Nothing to do with Money
3 years ago

3 Benefits to Starting a Business After 50 that Have Nothing to do with Money

As we approach retirement, it’s natural to think about how we are going to support ourselves in the decades ahead. Starting a business is an option, but, most of us don’t know where to start. In addition, we are constantly exposed to images of 20-something entrepreneurs succeeding. If the media is to be believed, older entrepreneurs don’t stand a chance. Or do they? Read More

We’re Looking at Retirement Planning All Wrong and People Are Going to Get Hurt
3 years ago

We’re Looking at Retirement Planning All Wrong and People Are Going to Get Hurt

What is retirement planning? It’s a simple question, right? Doesn’t everyone know that getting ready for retirement is all about putting enough money away so that we can live comfortably on our investments? At least, that’s what we have been told. For decades, our employers have reminded us to max out our 401K. Read More

The First Step to Getting Out of Debt After 60 is to Understand the Problem
3 years ago

The First Step to Getting Out of Debt After 60 is to Understand the Problem

When it comes to money, us Baby Boomers are in an interesting position. On the one hand, we hear over and over again that we are the “wealthiest generation in U.S. history.” On the other hand, the great majority of us are simply not prepared for retirement. Read More

Advice for Living on a Pension from the Sixty and Me Community
3 years ago

Advice for Living on a Pension from the Sixty and Me Community

People reaching retirement age today are under huge financial pressure. Since, on average, we will live longer than any previous generation, our savings will need to last decades. In addition, many of us find ourselves in the position of looking after our aging parents, while living on a pension. Read More

Do You Still Need Life Insurance Over 60?
4 years ago

Do You Still Need Life Insurance Over 60?

Is life insurance over 60 really necessary? It’s a more difficult question than it sounds. After all, many women have had life insurance for most of their lives. When we are younger, we see at a necessary measure to protect our families if something unexpected should happen to us. But, as we get a little older, many of us start to wonder whether we are just wasting our money. Now that our kids have grown up, do we really need to pay money every month for life insurance?

Since everyone’s situation is different, it is impossible to provide a blanket answer to this question. However, I hope that the following gives you some questions to raise with your family and a financial professional. Read More

How to Start a Business After 50 (Part 2): Finding Your Idea
4 years ago

How to Start a Business After 50 (Part 2): Finding Your Idea

When I asked the 44,000 members of the Sixty and Me community what was preventing them from starting a business, by far the most common response was “I don’t have a business idea.” As I mentioned in part 1 of this series, the first step to take when starting a business is to examine your own strengths. But, what next? Read More

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