It wasn’t all that long ago that when you reached retirement age, you walked off into the sunset and enjoyed the final years of your life playing golf, sitting in the Florida sunshine, and just plain taking it easy. But these days, people are not only living longer, they are also healthier than previous generations thanks to medical and pharmaceutical advancements. That’s a good thing.
However, along with the good comes some challenges. For instance, if you can expect to live a longer life, you need to be able to pay for it. Life doesn’t come cheap in these days of high inflation, and high interest rates. One of the best ways to make more money in your retirement years is to apply for a reverse mortgage loan.
Says All Reverse Mortgage, Inc. (https://reverse.mortgage/how-does-it-work), if you’re 62 years of age or older and have been living in your home for decades while keeping up with your mortgage payments, you can tap into all that equity you’ve been building. If approved for the loan, the proceeds can potentially run in the hundreds of thousands of dollars. You can take the proceeds in one lump-sum payment or equal monthly disbursements. What’s more, you need never pay the loan back until you move, or you die.
But what if you don’t want to stay in your home and wish to move to a new state altogether? Or what if you’ve already sold your family home long ago and have been living in an apartment since? What are some of the best job and business opportunities for those retired persons who want to work, or perhaps even need to work?
According to a new report by Yahoo Finance, generally speaking, people who have entered their retirement years still like to stay busy. It also doesn’t hurt to make extra money, especially if you’re living on a fixed income. Therefore, if you’re considering working in your retirement years here are some of the best jobs you can have that also offer both flexibility and a decent income.
Less Responsibility at your Current Job
Maybe retirement has arrived for you, but if you still like your job, it’s possible you can make the transition into working for the company on a part-time basis. This would also serve to make your transition into retirement a healthy one. Lots of companies are said to offer transition periods for employees who are slated to retire where they simply gradually scale down their hours.
Freelance and Consulting Work
If you’ve gained decades of knowledge in a particular field, you can put that know-how to work as a freelance worker or a consultant. For instance, if you’ve worked as a real estate lawyer for many years, you can work for companies that don’t necessarily require a full-time employee for the job.
Freelancers are said to always be in high demand. If you’re a wordsmith, you can seek out freelance editing or writing jobs via your professional network and/or social media networks like LinkedIn. You can pitch your skills on LinkedIn and get some very flexible work that can be accomplished anywhere in the world so long as you have access to decent WiFi.
Administrative or Bookkeeping Work
If you happen to be good with numbers and record keeping, it’s possible you can work as a part-time bookkeeper. You don’t need to be a certified accountant to be a bookkeeper, but it’s said that you can demand more money if you do have your certification.
If you’d rather stay away from the numbers, but are still highly organized, you might consider becoming a part-time business administrator. Basically, this job will keep you busy with data entry and other kinds of work that are essential to keeping a small business up and running. It is said to be a great fit for those people who are comfortable with working on spreadsheets and digital calendars.
Become a Substitute Teacher or Tutor
Says Yahoo Finance, if you love to be around kids of any age there are lots of opportunities to tutor or become a substitute teacher. Being close to children is said to keep you young at heart. Kids can always use feedback on essays they are writing or hands-on help with math. By becoming a tutor, you can work your own hours and make a real difference in a child’s life.
If you’re newly retired, but already bored with having nothing much to do other than putter around the house, why not consider a flexible part-time or freelance job? You will not only stay relevant in the workforce, but you will definitely enjoy the extra cash it will bring in month after month.