During one of my weekly visits to my octogenarian mum’s unit, my mum was telling me about the group of people she employs to help with chores around her place. She has a 70+ year old female gardener called Lou, an 80+ year old handyman that recently water-pressure cleaned her driveway, a 60+ year old computer technician that sorts out her computer problems and a 60+ year old mobile hairdresser that comes to her place to cut her hair. It got me thinking that the older generation, or should I say the grey army are doing it for themselves!
Retirement and old age is no longer an excuse to sit around in your armchair and watch daytime TV. The elderly are either staying at work longer or retiring and then finding a part-time job or small enterprise to keep themselves both busy and financial. As the government are upping the retirement age and the age to access the old age pension, more and more of us will be working longer and looking for ways to make retirement financially comfortable.
Unfortunately, not all retirees have a nice big fat superannuation fund to live off for the rest of their days. Recent claims that you need $1 million or more in super for a comfortable retirement are causing unnecessary worries for older Australians. As is the worry of living off the old age pension, particularly if you’re a homeowner that has to pay for the high cost of living with food, rates, water, utilities and insurance all increasing annually. No wonder the old age pension recipients are doing it tough.
According to the Association of Superannuation Funds of Australia (ASFA) if you have an average life expectancy, you can expect to need $640,000 in super to maintain a couple in a comfortable standard or only $350,000 for a modest lifestyle, supplemented by the age pension. However if retirees don’t have enough in their super a lot of them have to resort to supplementing their income by engaging in part-time work.
It appears, from my what I have learnt from my mum, that there are plenty of ways to earn a small income once you have retired. In my own instance, although I’m not strictly retired, I make a small income from my website and freelance writing assignments.
There has been recent publicity for an App called Airtasker. This great new innovation connects consumers and businesses to skilled workers who offer a myriad services, from lining up in a queue and moving furniture, to programming a new TV. The website is good for people looking for supplementary income, especially those who have retired and have time on their hands.
Or maybe you could register as an employee with the Grey Army. They offer jobs for most tradespeople, including Carpenters, Bricklayers, Builders, Tilers, Plumbers and Painters. Other jobs offered are for Cleaners, Pest Control, Lawn Mowing and Rubbish Removal.
Other ideas for earning an income once retired are:
These are just a small sample of what’s available. For more ideas visit SixtyandMe article titled “60 Creative Ways to Make Money in Retirement”.
I don’t know about you, but I’m incredibly inspired by elderly people who keep themselves active and independent into their senior years. If you have an elderly parent who is healthy and able why not suggest that they check out some of these ideas for making a small income? I know that I for one will be continue to work part-time into my 70s and 80s, if able.
What are your thoughts on the elderly continuing to work into their old age? Do you hope to keep working?
This post is part of the Lovin’ Life Linky with a Lovin’ Life Team of the “ageing positively” kind who are as keen as I am to promote the Lovin’ Life mindset. The Lovin’ Life Team includes:
Kathy was a 50 something year old when she started up this blog 4 years ago, but has since turned over another decade and is now 60. She is married with two adult children and lives on the Gold Coast in Queensland. She enjoys living life to the fullest and loves to keep fit and active by maintaining a healthy diet and exercising regularly. Some of her interests include reading, movies, travelling, cooking and blogging! Kathy works part-time as a freelance writer but her real passion is travelling and photographing brilliant destinations both within Australia and overseas and writing about it.