Showing posts with label phased retirement. Show all posts
Showing posts with label phased retirement. Show all posts

Sunday, April 14, 2019

The Hustle High Five - Hustler News of the Week - April 13

Hello EncoreHustlers.

As promised in my last post I am posting again this week to make up for missing last week.

Before I start with the High Five I would like to give you an update on a previous post on the Job Seeker app.

So far this year I have earned over $210 in Amazon cash using the app to take photos of Help Wanted signs on local businesses.  This has been a nice little micro side hustle but this week Indeed the job search engine that created the app has updated it.  For the better, the app now has a map that shows all the locations that you have snapped photos of in the last 90 days.  The map also shows which locations are eligible for resubmission, which is a handy tool for maximizing your time spent using the app.  On the downside of the update, it appears that the Verify feature of Job Spotter has been removed.  This feature allowed you to earn extra money by verifying the veracity of other users Help Wanted submissions.  If you have any experience using the updated Job Spotter app I would appreciate hearing your comments if the changes have been an improvement.

Now for the High Five.

1)   There are many reasons for making the decision to postpone retirement.  The one most often cited is economic, but read this story that makes the case of continuing to work being a factor can also contribute to continued happiness and a longer, healthier life.  Also read this article about a study from Germany that shows that a lower pension can reduce your lifespan by as much a five years.

2)   If you do make the commitment to work past 65 a common method is a phased retirement that allows you to work fewer hours.  However, as you can see in the article, not all companies will accommodate this plan.  Also you need to read this story about Medicare and working past 65, missing applications deadlines can be costly.  Many licensed professionals such as lawyers also have to consider at what point should they give up their license when they give up their practice.  Read this piece what might be worth considering when making in this decision.

3)   Has it always been your dream to pursue your artistic interests as a second career?  If so, then read these pieces of a retired Sioux City psychotherapist whose art work has been featured in over 40 shows and the former Massachusetts state attorney who has published the first of a planned series of YA (Young Adult) novels.

4)   Another encore career path can be starting a new business.  It is not uncommon for fledging entrepreneurs to launch their business in an incubator environment.  But often these incubators are not designed for encore careers.  However Israel recognized this and has launched an incubator for people 60+.  Read all about it in this piece from NextAvenue.

5)   I would like to end with a sweet story of two sisters who retired with a cool encore career of opening a frozen yogurt store in the Chicago suburb of Elgin.

Well, that wraps up this weeks High Five.

So until next week, enjoy your hustle.

Mr.  EH


Friday, January 25, 2019

The Hustle High Five - Hustler News of the Week - January 25

Hello Encore Hustlers.  It has been a busy week for Mr. EH, with a lot going on in the real world, but I still managed to find a couple of hours to cobble together the weekly High Five.

1)   Retirement is not just taking long vacations and visiting the grandkids.  Part-time work is a way of providing additional structure to your day.  Read one man's story in the Forbes article A Lyft Driver Reveals 3 Surprises About Life in Retirement.

2)   I work in an industry with an aging workforce with senior employees who have a vast amount of critical knowledge.  One option is prevent this knowledge being lost is a phased retirement.  Learn more about phased retirement in these articles from The Next Avenue Boomer Brain Drain: The Big Mistake Employers Are Making and the Real Daily Pros and Cons of Trying a Phased Retirement Program.

3)   If you are nearing or in retirement, continuing your education to learn new skills and remain engaged is an excellent idea.  This article from Study International discusses doing this from a global perspective Online Courses: Why Working Adults and 67 Year-Olds are Signing Up.

4)   There are tons of resources available from universities and policy centers on how government and companies need to be assisting the aging workforce.  Check out this page from the Brookings Institute Proposals To Keep Older People In The Labor Force which provides a link to the full report that includes the following proposals:
  • establishing that age 70 is the nation’s full retirement age;
  • restating 401(k) balances as flows of retirement income; and
  • instituting workplace seminars for employees in their 50s about the advantages of working longer.
5)   To end this post here is an international story from Croatia about labor shortages and a government proposal to allow retirees to work part-time and still draw a pension to support the booming tourist industry.