Are you wondering what the best retirement jobs for seniors are? You are not alone in asking that question. As a senior citizen, you have to ask yourself; “What are my golden years going to hold for me?” Most of us have worked hard all our lives trying to build something for our retirement but the game has changed since we started playing so many years ago. We were told to get a job with a good company, work hard, be faithful and you’ll retire with a great pension, a gold watch and the admiration of all your colleagues. The reality has been much different, however. We have found ourselves moving from company to company just to survive in a world of hostile takeovers and bankruptcies. In many cases, we’ve had to learn new job skills and reinvent ourselves numerous times throughout our careers. All the while trying to build a retirement brick by brick only to find that as we near the age of retirement, we stand looking at a pile of bricks. A small vested company retirement here a 401K or IRA there, maybe a small stock portfolio or some savings and of course there is Social Security if it survives. But, nothing that looks like it is going to carry us through our retirement years in comfort when you stack it all up.
A survey done by the website gobankingrates.com reports that 33% of Americans over 55 have $0 saved for retirement. Another 23% have less than $10,000 saved. That is an astounding 56% of Americans who have saved less than $10,000 for retirement. That is a pretty hard reality and I do hope you don’t fall into either of those groups. But what if you do?
What are the options if you find yourself in one of the groups mentioned above? Social Security will never be enough to carry you through your retirement years. The average monthly benefit for Social Security is just $1,342 a month, so there needs to be another income stream to make up what’s lacking. Here is a link to a Social Security Benefits Calculator and a supplemental retirement income calculator that may help you estimate the extra income you’ll need to live well in retirement. Currently released data indicates program trustees say Medicare will become insolvent in 2026. That’s three years earlier than previously forecast and Social Security will become insolvent in 2034.
If you are retiring soon, in the next few years or are already retired, there are options for you to make extra income but, depending on your physical condition, they may be limited. If you are not yet retired, the good news is, you still have an opportunity to build the extra income streams that you need before you retire. If you are already retired and looking for retirement jobs at home or part-time retirement jobs, I’ve put the following posts together to help you out with some ideas for the best retirement jobs for seniors. I’ll be adding more ideas to this page periodically so check in often here at Wealth For Seniors to see what’s new.
Let’s take a look at a few options for pre-retirement and after retirement jobs to help determine what may be the best for you where you are now to give you Income growth options for retirement. We’ll look at retirement jobs like full-time retirement jobs, at home jobs like affiliate marketing online, and part-time retirement jobs. You’ll find ideas to think about on the posts below this post. Please feel free to add suggestions and comments for each post. And please return often to this site as I add new content and update the existing posts frequently.
So, you’ve taken a look at your retirement future and found that you will need extra income. Maybe you are retired already and retirement isn’t all that you thought it would be and you’ve got too much time on your hands while finding there is always more month left than there is money. Going back to work for your former employer may be just the right thing for you. I’ve seen some of my own colleagues do this. Even if you don’t care too much for your former employer, you may do well to swallow hard and go back to work on a part-time basis to raise your standard of living during retirement. Many employers are happy to allow good employees to return to work part-time or even full time. Why, because it is an advantage to the company. The company saves time and money. They can save on healthcare insurance, life insurance, matching retirement contributions, training for a new employee to get them up to speed in the position they would be taking and of course they will save money on wages and the possible errors that could be made by a new employee in training.
So how can you be sure that your employer will hire you again after you’ve retired? Well, you can’t for sure but you should be able to get a pretty good idea. You’ll first want to reach out to someone you have a good relationship with in the company and start a confidential and casual conversation floating the idea of going back to work. Maybe you had a supervisor, department head or manager that knows and respects you and can give you an honest opinion of how you are viewed in the company and if there would be a possibility of being rehired. Much will depend on what kind of employee you were perceived to be before retiring and what value your skills bring to the company.
If you get rehired, you’ll want to make sure you work out an agreement with your employer as to what your responsibilities will be when you return. If you are returning to your old position part-time or your employer is putting you into a new position, you don’t want to go to part-time and be expected to continue with the same work load and level of responsibility that you handled in the full time position for half the income. Make sure there is some kind of written agreement as to where the boundaries are.
You may also be able to work out an agreement that will allow you to work from home. That will save you time and money on commuting to and from your workplace every day. I love to work from home and have that extra time in the morning for myself. I can run a quick errand or get an extra hour of sleep. Commute time to the office is only as long as it takes to walk down the hall to the home office and the dress code is much more relaxed. It also makes lunchtime much more convenient. If your employer won’t go for the work from home option or your position requires you to be on site, you may be able to work out flexible hours that will give you the opportunity to get to work later and leave earlier. Another option is to work just two or three days a week. Tuesdays and Thursdays or Mondays, Wednesdays and Fridays.
There are plenty of employers looking for skilled employees who can hit the ground running and don’t need a lot of time to get up to speed in their area of need. That’s especially true for a startup company. Startups can use the expertise of a seasoned professional but may not have the budget for a full-time employee. Your knowledge and experience is a valuable resource that startups need and can make the difference in the success or failure of a new business.
Be aware that things have changed in the world of startup businesses, especially since Internet and technology-based companies have exploded. You will almost certainly find yourself in a workplace setting with much younger people all around you. The atmosphere may be different from anything you’ve ever experienced in your professional life so you may have to learn to make some adjustments in your expectations of how an office is run and exactly what an office looks like. You may find that work hours and work locations are more flexible and you’ll need to learn to communicate with your colleagues in ways that weren’t used at your previous place of employment. Social media has become a huge part of the business world now and you may have to sign up for a Twitter, Instagram or other social media account just to stay on top of what the latest trends are. You may find the dress code is extremely casual and everyone comes to work in a t-shirt, shorts, and flip-flops. Hey, that’s not at all bad if you’ve had to put on a suit and tie every day for the first 30 years of your career.
You may also want to consider starting a new career path. If you’ve been working in an industry for the last 30 years and don’t want to return to the same old grind, don’t be afraid to set out on new, uncharted waters. At this time in your life, something new may be just what the doctor ordered. It’s liberating to start with a whole new outlook on life and the knowledge that the world won’t come to an end if it doesn’t work out the way you planned. What are some of the career dreams of your past that you’ve put off to raise a family, pay off the mortgage and put the kids through college? Now’s the time to think about making those dreams come true. Maybe you’ve always wanted to start your own business. Now’s the time! What’s the worst that your friends and family will say? “I think grandpa and grandma have a few screws loose, they’re thinking about starting their own business. Don’t they know they are too old for that?” There are plenty of Baby Boomers out there who have started successful businesses after retirement. They’ve started delivery services, bed and breakfasts, Internet marketing companies, consulting agencies and the list goes on and on. The point is, do something that will make you happy and make you money too.
Do you have a computer and Internet access at home? Have you thought about the increase in income you might realize by becoming a blogger? This is a great idea for seniors, especially those who don’t have the ability to do jobs requiring physical exertion and for those who don’t have transportation available to get to a job location. Blogger – Affiliate Marketing is a great choice for just about anyone.
You may ask “What is a blogger? A blogger is a person who regularly writes material for a blog. A blog is a website where you write your thoughts or opinions about a topic. Photography bloggers write about techniques and cameras and lighting, etc. A mommy blogger writes about baby bottles, diapers, and car seats, etc. You get the idea.
You may also ask “Who is going to want to read a blog written by me?”. Well, you may be surprised who would read what you have to say. The whole idea is to pick a subject that you are passionate about and write what you know and write what will inspire and help others with the same passion as you. There are millions of subjects that you can blog about and there are 286,942,362 Internet users in the US alone as of 2016 and 3.75 Billion people who now use the Internet worldwide. Every one of them gets on the Internet looking for information about something. That’s too large a potential audience for anyone to ignore. The fact is there are large corporations like Amazon, Walmart, Target, eBay, and thousands of others who are not ignoring these statistics and are willing to pay you (a blogger) a percentage for sales that come to them through your blog site.
You can start a blog on any subject from A to Z and as you gain a presence and a following on your blog with people who have the same interest as you, they have access to the advertisements on your site. If you have an interest in classic cars, you could start a blog about the best classic car shows and where they are held throughout the country. You could even travel to the shows and do interviews with car owners and post them on your blog along with pictures and videos of their show cars. If you have a passion for knitting, you could write a blog about the best yarns and where to buy them. You could write about tips and tricks to better knitting. You just need to write your blog and add new information to build your reader base and keep them interested. That will help you increase your visibility on the Internet which will bring more readers to your site. That’s all the heavy lifting there is. This is the plan that I’m pursuing as a way to build a business that will provide extra income for my retirement and I am making a monthly income now. In fact, you are reading my blog right now and I can do it all from my living room sofa or from a beach in Florida with a laptop or even a smartphone. You can become a blogger today and start making extra income. I use the Wealth Affiliate site and to start out, I received two free websites along with free training and you can too. You did read correctly, it is FREE. Get started now by clicking here and signing up for your websites. The sooner you get started, the sooner you can start earning extra income.
A Handyman is a great person to know. If you have the skills to be a handyman, your services will always be needed. There will always be a time when the sink is clogged, the garage door won’t open or close, the garbage disposal is not working, the broken glass in the window needs to be replaced and the list goes on and on. The fact is that most people don’t have a clue how to repair any of the previously mentioned issues around the house and that is why the Handyman is so valuable. Let’s take a look at how to become a handyman.
First, sit down and make a list of your skills. Your clients are going to ask you what tasks you can handle and you need to give them a confident response. They are putting their trust in you, so be up front and honest at all times. Here is a list of skills that should be on your list.
Electrical installation and repair: Light switches, ceiling fans, light fixtures, fuse or breaker replacement, garage door openers, clothes dryer repair, small appliance repair, security systems, sound systems, etc.
Plumbing installation and repair: Sink and toilet repair and installation, clearing clogged drains, leaking faucets, leaking pipes, bathroom remodeling, etc.
Painting: Exterior, interior, cabinet refinishing, furniture refinishing, fencing, etc.
Landscaping: Mowing, hedge trimming, walkway or patio paver installation, porches, decks, driveway sealing, concrete work, cleaning gutters and downspouts, brush removal, tree removal, tree and shrub planting, stone wall construction and repair, junk and garbage removal, etc.
Heating and Air: Furnace cleaning and repair, air conditioning window unit placement and removal, duct work cleaning and repair, etc.
After you have determined what kind of services you can provide, the next step is to check with your local and state governments to find out if they require you to have a handyman license. Many states do, so this is an important step before you can start your handyman business. Go to the National Contractor License Service to search for the requirements in you state or contact your state government. You may need more than one license in your state, so do your research carefully on this. You may also be required to take and pass a test to qualify for the license.
Now that you have your contractor license(s) if you don’t already have a business license. That is your next step. The first task in this step is to determine what your business name will be. Of course, you’ll want the name to represent you and what you do. Next, contact your state government and apply for your business license. In the state where I live, we contact the Secretary of State but in other states, it might be the Department of Small Businesses. At this point you will have to determine if you want the business to be a Limited Liability Company (LLC) or a Sole Proprietorship. If you don’t want to make that decision yourself, you could contact a local lawyer who will be happy to explain the differences to you and help you set up your business. You could also contact Legal Shield who can help and recommend a lawyer in your area.
In most states you’ll find that you are required to carry liability insurance. The amount of coverage you’ll need to purchase will vary from state to state. Once you determine the requirements in your state, make sure you shop around to get the best coverage for your money. Now you can have your business cards printed with your new company name and go about the work of building your list of clients and helping people with all their handyman needs.
If you are, or are soon to be a retired educator, there is a great need for substitute teachers, especially those who have the experience that you already have. Substitute Teachers provide continuity in the classroom for the students by allowing them to continue with their daily learning even when their normal teacher cannot be in class. If you are an early riser, this may be right down your alley. Substitute Teachers receive the call for work early in the morning and can be asked to report to any school in need. They are asked to step into many situations, from the normal instructor taking a sick day, a death in the family or covering for a honeymoon or vacation day. You’ll be asked to take over a lesson plan you’ve probably never seen before, build a rapport with a classroom of students and maintain order while educating their developing minds. You may only see a student for an hour and never see them again for the rest of their life but you have the opportunity to make a difference. If you find that you don’t like subbing in a certain class or for a certain teacher, you can always try to avoid taking that class if you get a call. If you are certified in more than one area, you will have the opportunity to pick the best opportunities for you.
Being a substitute teacher doesn’t always mean you are sitting by the phone in the early morning waiting for that phone to ring. There are long-term substitute teaching positions available that can provide a steady income for a substitute teacher. At times a teacher may take a leave of absence and the district needs someone to take over the class for an extended period of time. I’ve also seen these arrangements turn into a full time teaching position for the substitute if the teacher decides not to return.
Isn’t being a substitute teacher only a job that persons with a college degree in education can do? Absolutely not. For a substitute position lasting more than 40 days you are required to hold at least a Bachelor’s degree. While each state and school district will have their own requirements, it’s safe to say you’ll need at a minimum, a High School Diploma and be able to pass a background check. One resource for more information is the All Education Schools website.
Substitute teachers are always in demand and once you have established yourself and the school systems in your area become familiar with you, there will always be frequent opportunities to work. Subbing also gives you the freedom to be able to be your own boss, accept work when you want to and still have the opportunity to take the time you want for the most important things in life like grandchildren and travel. If you are reading this and are not retired but just starting a career in the field of education, subbing is a great way to get your foot in the door of your local school systems. If you can prove yourself as a substitute teacher you could have your foot in the door for any full-time positions that will open up.
I added this category name for a family member. He is now a retired High School Music Instructor who said: “All I want to do is retire after 35 years of teaching and become a Greeter at Walmart.”. But honestly, retail sales could be a good option if you are looking to make some part-time money in retirement. For example, Walmart has announced they are raising their starting wage to $11.00 per hour spurred by the new tax cuts announced in 2017. Additionally, employees will receive a yearly bonus starting at $200 for employees with less than two years tenure with Walmart and up to $1000 for those with 20 years tenure with .
If you like the idea of working in retail sales or management and have the personality needed to deal with the public, make a determination where you would like to work. Maybe you have a favorite national retail chain that you’d like to work for or it could be a local small business. Many retail companies offer special discounts to their employees, so if you like using certain brands or type of merchandise, you may want to apply at a store that sells those things that you like to purchase. It will help you save money on your purchases and still supplement your retirement income.
Almost all job searches start online these days, so go to the website of the store you’d like to work for. Look for a link which may be all the way at the bottom of the website that says JOBS or CAREERS. If it is a national retail chain, you’ll need to fill out some information that will determine your location and give you access to positions that are open in your area. With the kind of retail job you’d like to do in mind, look at the job descriptions of what seems closest to your desires. You may find that there are other positions that are available that would be more suitable for you than your original choice. Make sure you consider all the requirements of the position and whether you are able to do what is required. Make sure they have the part-time or full-time position you want before submitting your application. You should already have your personal resume and cover letter ready to upload to the site as there will be a link provided that will allow you to upload it from your computer. Make sure that your resume includes any previous retail sales or management you’ve done and the personal attributes that you believe will make you a good retail worker.
If you are looking for some part-time or full-time employment, retail sales is an area where you can work a variety of hourly shifts. I believe that as the US economy continues to grow and manufacturing jobs return to the US, many workers moving into those manufacturing jobs will be leaving positions open in retail sales. That will create a need to hire more sales associates in all the major retailers, not just Walmart.
An income tax preparer can make from $10 to $30 dollars per hour and you can supplement your retirement income either as a part-time or full-time job. Preparers are responsible for gathering all the information needed to submit the tax returns for individuals and businesses. You’ll need to be a detail oriented person who has good computer and math skills with the drive and desire to do the best job for your clients. Communicating with your clients is key to obtaining all the documentation to secure the best tax filing possible. A high level of personal integrity and ethics are at the top of the list for your clients to feel secure about the work you’ll be doing for them.
You will need to have some training and you’ll find that many Community Colleges, Vocational Schools and Tax Service Franchises offer tax training programs. States frequently require tax preparers to be registered and the requirements vary from state to state.
Any tax professional with an IRS Preparer Tax Identification Number (PTIN) is authorized to prepare federal tax returns. However, tax professionals have differing levels of skills, education and expertise.
An important difference in the types of practitioners is “representation rights.” Here is guidance on each credential and qualification:
UNLIMITED REPRESENTATION RIGHTS: Enrolled agents, certified public accountants, and attorneys have unlimited representation rights before the IRS. Tax professionals with these credentials may represent their clients on any matters including audits, payment/collection issues, and appeals.
Enrolled Agents – Licensed by the IRS. Enrolled agents are subject to a suitability check and must pass a three-part Special Enrollment Examination, which is a comprehensive exam that requires them to demonstrate proficiency in federal tax planning, individual and business tax return preparation, and representation. They must complete 72 hours of continuing education every 3 years. Learn more about the Enrolled Agent Program.
Certified Public Accountants – Licensed by state boards of accountancy, the District of Columbia, and U.S. territories. Certified public accountants have passed the Uniform CPA Examination. They have completed a study in accounting at a college or university and also met experience and good character requirements established by their respective boards of accountancy. In addition, CPAs must comply with ethical requirements and complete specified levels of continuing education in order to maintain an active CPA license. CPAs may offer a range of services; some CPAs specialize in tax preparation and planning.
Attorneys – Licensed by state courts, the District of Columbia or their designees, such as the state bar. Generally, they have earned a degree in law and passed a bar exam. Attorneys generally have on-going continuing education and professional character standards. Attorneys may offer a range of services; some attorneys specialize in tax preparation and planning.
LIMITED REPRESENTATION RIGHTS: Some preparers without one of the above credentials have limited practice rights. They may only represent clients whose returns they prepared and signed, but only before revenue agents, customer service representatives, and similar IRS employees, including the Taxpayer Advocate Service. They cannot represent clients whose returns they did not prepare and they cannot represent clients regarding appeals or collection issues even if they did prepare the return in question. Tax return preparers with limited representation rights include:
Annual Filing Season Program Participants – This voluntary program recognizes the efforts of return preparers who are generally not attorneys, certified public accountants, or enrolled agents. It was designed to encourage education and filing season readiness. The IRS issues an Annual Filing Season Program Record of Completion to return preparers who obtain a certain number of continuing education hours in preparation for a specific tax year. Beginning with returns filed after Dec. 31, 2015, only Annual Filing Season Program participants have limited practice rights. Learn more about this program.
PTIN Holders – Tax return preparers who have an active preparer tax identification number, but no professional credentials and do not participate in the Annual Filing Season Program, are authorized to prepare tax returns. Beginning January 1, 2016, this is the only authority they have. They have no authority to represent clients before the IRS (except regarding returns they prepared and filed December 31, 2015, and prior).
Consultants work with businesses and other organizations to analyze practices and make recommendations to improve efficiency and profitability. Also, known as Management Consultants or Analysts, the top ten percent earned more than $142,000 in 2012 working full time. Employers normally require a Bachelor’s degree and some prefer a Master’s degree in the related area. If you are aspiring to be a consultant in the field you have specialized in through your professional career, your work experience may be just what an employer is looking for. You’ll need the ability to work well with others, have good communication skills, have a personality that likes to serve others, great problem solving and logical reasoning skills and a creative and positive spirit.
Consider being a consultant if you have skills in these areas: Human Resources, Management, Web Development, Career Consulting, Insurance, Travel, Logistics, Procurement, Education, Advertising, Graphic Arts, Site Management, Business Transition, Image / Style, Business Security, Home Security, Green Living Consulting, Cost Reduction, Post-Merger Integration, Business Strategy Development. The list of consulting opportunities goes on and on.
Here are some steps that you can take to get started as a consultant:
Determine what area of expertise you have that you can offer as your primary consulting service
Determine if you need any Licensing or Certifications and obtain them if you don’t already have them
Determine what your services will cost
Start out with an in-home office, to keep costs low
Determine what your primary and secondary markets are
Create your marketing plan. At a minimum you’ll need a website and business cards
Research your immediate area and locate potential clients then spread out to other potential areas
Get out there and sell yourself
Build your client base as you gain standing in the community
If you love caring for children this could be a good opportunity for you. Maybe you have grandchildren that spend time at your house and you already have a playroom set up with toys and a table and chairs for little ones. If so, you are one step ahead of the game. The website Lifehacker.com reports that babysitters can make as much as $16.65 per hour in certain metropolitan areas but all made more than $11.00 per hour in every city they examined. If you are really serious about babysitting or becoming a professional childcare provider, I suggest that you get some professional training. It will give your clients more confidence in your abilities if they know you have taken classes on childcare. I also recommend taking a CPR course as well. I hope you can see the advantages of doing both and how it will be an advantage to your clients and to you.
You can receive the training you need from a few different places. The American Red Cross is one place you should look. They have two classes that are immediately available online and they both are inexpensive. Click here to get to the American Red Cross website. You’ll find the Babysitting Basics course and the Advanced Childcare Training course. Next, if you have a local Community College or Technical School, check out the courses they have available. They may also offer online training or they may have some evening classes that you can take. At the end of the courses, you’ll have a nice certificate you can display to your clients.
If you plan to open an in-home daycare, you’ll need to become a Licensed Childcare Provider. This is more than just being a babysitter and is a whole other level of commitment. Check with your local and state governments to determine if you are eligible to have a daycare in your home. There may be so many changes and upgrades that need to be done to your home to comply with codes that it would be cost prohibitive. The state agencies can also tell you exactly what training and licensing you will need to become a Licensed Childcare Provider.
As the Baby Boomer generation ages, there is a greater need for Elderly Care Workers. Maybe you’ve had a mother or father that needed help while living at home and they want to stay in their house as long as possible. I and my siblings have gone through this ourselves. If you have, then you know and understand the need there is for good, ethical elderly care workers. Many of the elderly just need someone to take them shopping or out for a bite to eat and some conversation. Others need help with cleaning and cooking and still, others need help with personal hygiene. Caring for the elderly takes the special touch of a loving and patient person.
The US Bureau of Labor Statistics in its report “Projections of occupational employment, 2016–26” lists Home Health Aides and Personal Care Aides as the number three and four fastest growing occupations through 2026. The number one and two jobs are projected to be Solar Panel Installers and Wind Turbine Technicians. I think you can count me out on the number one and opportunities as a senior looking to make some supplemental income.
There are no educational requirements to become an elderly care worker, but if you want to work through a local caregiver service, they will prefer candidates to have at least a high school diploma and may ask you to take a certificate training course. On the job training is typical. I also recommend that you take Basic First Aid and CPR classes from The American Red Cross. You will also have to pass a background check to be hired by an employer in this field. The median salary for elderly care workers in 2015 was about $21,000.
Caregiver duties and responsibilities may include:
Assisting with personal care: bathing and grooming, dressing, toileting, and exercise
Food preparation: preparing meals
Housekeeping services: shopping, housekeeping, laundry, and other errands
Basic health care: overseeing medication and prescriptions usage, appointment reminders and administering medicine
Mobility assistance: help with getting in and out of a wheelchair, car or shower
Personal supervision: providing constant companionship and general supervision
Transportation: driving to and from activities, running errands, and help getting in and out of wheelchair-accessible vehicle
Emotional support: being a stable companion and supporter in all matters personal, health-related and emotional
Respite care services: providing other caregivers a break
Home organization: help with organizing, packing or cleaning for a trip, or general house care and cleaning
Health monitoring: following a care plan and noticing any changes in the individual’s health, recording and reporting any differences
If you are a kind, loving, patient and caring person who is highly responsible and you want to make a difference in the life of an elderly person, this could be a good choice for you.
Following are some of the in-home elderly care providers that may be in your area. I supply these links only to help you with contact information if you are interested in working for a business such as these and I’m not making any recommendations.