Baby boomers have always been masters of reinvention. In every decade of our lives, we have challenged the status quo and lived life on our own terms. Some have accused us of being selfish for exactly this reason. But, deep down, our attempts to reinvent ourselves were rooted in our desire to get the most from life.
The Great Recession, which officially lasted from December 2007 to June 2009, was hard on older workers. In the years following the financial crisis, people from all walks of life struggled to find work – and those lucky enough to have savings found them greatly depleted. The good news is that, on paper, the economy is on the mend.
If you are wondering how to make money in retirement, our contributor, Lynda Goldman, has some excellent suggestions. Why not share your passion for health with the world, while funding your dreams?
For most of my life I’ve been unemployable.
That doesn’t mean I haven’t had jobs. I was a college language teacher for many years. That led to an opportunity to write textbooks – and I found that I loved the creativity of writing.
I then went freelance and got contracts to write training programs for corporations.
In a previous article, I discussed how to improve your craft skills so that you can get ready to sell your handmade items online. But, once you feel like you have reached a certain level of proficiency, the question still remains – what should you produce?
If you think about the word “entrepreneur,” what image springs to mind? Maybe you thought of the actor who played Marc Zuckerberg in the film, “The Social Network”. Or, perhaps you imagined Bill Gates, Steve Jobs or another young technology genius, who started a technology empire from his or her basement. You probably didn’t think of a retired 57-year old tax consultant from St. Louis. If so, your instinct was way off.
If you’re like most people, you spent your 50s working hard and dreaming about all the wonderful things you’d have time for once you retired. Maybe you planned to go on a Caribbean cruise, learn to play the cello, or buy a beach house with a view and spend your days with your nose in a book.
Shopping is a necessary part of life and, by the time we turn 60, we are pretty good at it. We know what we like, what make us happy and, for the most part, we know where to go to get it!
A lot of women in their 60s would love to make a little extra money on the side, preferably doing something they love. Unfortunately jobs for seniors are hard to come by these days.
Besides, after decades trying to climb the corporate ladder, many of us are reluctant to start something too serious. At the same time, we would like to earn some “fun money” for travel, gifts and little luxuries. The question is – where should we start?
If you believe in the traditional view of retirement, life after 65 should be filled with trips to the golf course, martinis by the pool and plenty of TV time. Setting aside the question of whether such a life would be healthy or fulfilling, it is clear that few of us will be able to afford it.
What are the best places to retire? Do you want to downsize in retirement? Or, are you looking for a larger home to make room for all of your passions? Do you plan on staying where you are now? Or, have you picked an exotic place in a far-off corner of the world to retire to? These are just a few of the many questions that baby boomers are facing as they decide where and how to live in retirement.