Although many people look forward to retiring as a time to finally relax and do what they want with their lives, others are not so thrilled. Many people enjoy working. It gives them a sense of purpose and takes up a lot of otherwise empty space in their schedules. Unfortunately, everyone must retire at some point. Whether forced into it by your company or health care reasons, or pressured into it by your loved ones, retirement does not have to be a terrible thing.
The key to dealing with retirement when you don’t want to retire is to stay busy, thus filling some of the void left in your once-hectic schedule. Here are some great (mostly fun) ideas on how senior citizens can do just that.
Part-Time Job/Supplemental Income
One way to stay busy is to get a part-time job that allows you to work only one to two days a week. When receiving SSI, seniors can work a certain number of hours each week without losing their payments or having them reduced. For those who are still healthy enough to work, this could provide both a small extra income and keep you busy.
Volunteering is another wonderful way to fill some of your spare time, and many people find helping others gives them the same sense of purpose as working once did. Ideas of where or how to volunteer in your community include:
- Soup Kitchens
- Food Banks
- Community Closets
- Halfway Homes or Group Homes
- Free babysitting for family members or neighbors
- Schools, Nursing Homes, etc.
Maybe you never had time for your favorite hobbies during your working years. Now is the time to redevelop your love of whatever it is! Perhaps it’s fishing, hunting, gardening, carpentry, sewing, or something else entirely. If you’ve never had a hobby, now is the time to get one. Don’t feel pigeon-holed into “senior citizen hobbies” either. While you’ll probably want to avoid extreme sports, there is no reason you can’t learn to love something modern like video games! As a benefit, video games would also probably give you something exciting to do when the grandkids visit.
If you’re smart and save a little money back each week, you could use your golden years to travel the country. Go see all the places you never had time to see before. Everyone has at least one place they’ve always wanted to visit, so take the opportunity to do it. You can research cheap traveling methods, tips, and tricks online to learn how to travel on a budget. Saving a little money each trip you take could result in being able to afford an extra trip!
As much as we dislike admitting it, there are many people we simply haven’t had time for when we were young adults through middle aged. In addition to working, many of us were raising families. So take your golden years as a prime opportunity to revisit old friends and relatives.Continue reading
You spent your working years pinching pennies and stashing money away to have a considerable nest egg. Not only did your blood, sweat, and tears go into that post-retirement savings, but if anything were to happen to that money, you’d be in considerable trouble.
Unfortunately, there are many criminals who focus on taking these hard-earned moneys from seniors through scams that they believe will be fallen for. The best protection is to be smart, suspicious, and informed. Here are a few of the most common senior-targeted financial scams currently know to the public.
1: Medicare Scams
Since it is well known Medicare will be issuing new cars in 2018 and ’19, many scam artists have jumped on the opportunity by calling or going door-to-door trying to get the insurance identification number for individuals. Once they have that number, they use it to bill Medicare for bogus services.
How to Avoid: Know that Medicare will not ever call or show up to your house. If they need to contact you, it is exclusively done through the mail – with the exception being if YOU call them first. If anyone says they are from Medicare, hang up or close and lock the door right away.
2: Phone Call from the IRS Scam
This one is like the Medicare scam, in that the scammer is seeking your personal information through the guise of a phone call from a government organization. For this one, they are primarily seeking your debit card information and the last four digits of your SSN.
How to Avoid: The IRS, like Medicare, will never call you. All essential information and communications are sent via the US postal service. Hang up on anyone claiming to be an agent from the Internal Revenue service.
3: Abuse of Authority
This one is the most dangerous and most common scam because it does not come from strangers, but people you trust – like family members or your financial advisor. Anyone who has access to your funds and permission to send or receive money on your behalf can steal your hard-earned money.
How to Avoid: Never give your financial advisor the authority to use your money without written permission. When it comes to family members, it’s best to manage your own finances if you are healthy. When the time comes to appoint someone to manage things after your gone, choose very wisely and put restrictions on what can be done while you are still able to make decisions.
4: Fake Prescription Drug Offers
Ordering medications online can save a lot of money and hassle but be cautious of any sites advertising “cheaper drug alternatives.” This scam operates via a fake website. Once you send your payment, you may receive medications which will not treat your condition at all. This is not only bad for your financial health, but your physical health as well.
How to Avoid: Always verify a pharmacy is legitimate before using them – especially online. You can do this by checking to see if they are licensed by your state of residence, and that they have a trained, licensed pharmacist employed by their staff.Continue reading