Social Security And A Job.

Do you want fries with that?

So you’ve retired on Social Security and you’re looking for some retirement job opportunities.

Unless we’ve invested wisely, which most of us haven’t, or didn’t have the resources to invest, we might need some extra cash. There are a few points to consider when deciding to take Social Security and a job. According to the Social Security Administration’s website, SSA.GOV, under certain circumstances your benefit could be reduced. These rules are different for disability benefit recipients, so consult the website if you are on disability. Social Security is not quite enough to live on nowadays, have you explored the possibility of having an extra part time job? Here are a few items to consider.

First off, according to the website, if you are over your full retirement age the extra income will not affect your SSA monthly benefit.

What if I’m UNDER my full retirement age?

For 2018, if you are under your full retirement age and will not attain full retirement age in 2018, you can earn an extra $17,040 without a reduction in your benefit amount. Over the $17,040 amount, your benefit will be reduced by $1 for every $2 earned above that limit. So if you made $18,040, your benefit would be reduced by $500.

If, in 2018, you attain full retirement age, there will be a reduction in your benefit for the extra income over $45,360. Over that amount, your benefit will be reduced by $1 for every $3 earned over that amount. These amounts change every year so keep checking the SSA website for new amounts every year. If you made $46,560, your benefit would be reduced by $400. Keep in mind this does not apply if you wait until your full retirement age to retire.

Pensions and annuities are not included under the extra earned income category, but check with the local SSA office for more information. If you have a Railroad Pension, 401K, or a Public Employees Retirement Account benefit, those do not fall under the extra earned income category. One item to note, most of these accounts will still be subject to income taxes.

One more point on the subject, whatever amount reduced from your benefit is added back in when you reach full retirement age.

How much of my benefits can I lose?

For retirees worried about losing some of their benefit, which is worse, trying to live on your base benefit, or earning another $17,000 per year? If I broke the $17,040 amount, by that time, I’d be so happy with the cash in my pocket, I wouldn’t CARE if they had to reduce my benefit because of the extra income from the part-time job. So I recommend GOING FOR IT!

Let’s talk about a little side job for a bit. Number one, the three top skills employers want.

1. Showing up on time. Be there when they ask you to be, if the position isn’t going to allow flexibility in this department, maybe another company would work better.

2. Getting along with other people. If you’ve grown a little short with people as you get older, stay away from positions working with the public. That can be trying on you as well as the customer.

3. Being willing to learn. Sometimes, you’re required to learn a few skills, maybe become familiar with the new surroundings, and learning something new, later in life is good for the ole gray matter!

What level of stress is involved in the position?

If your lifetime stress quota has already been met, McDonalds probably isn’t a good choice.

What level of physical activity is involved? Climbing ladders and hanging heavy racks of clothes up might not be good on an older body, although a little strenuous activity can sometimes help with stiff muscles.

What kind of time constraints are there? You’re retired, you don’t want to commit to the graveyard shift or lots of overtime unless you’re a night owl or a vampire. Plus if you have doc’s appointments and other personal business to attend to, keep that in mind, and certainly let your future employer know your own constraints with regard to time.

Does it involve meeting people?

If you like people, like to socialize, have been the life of the office, maybe a position at the local amusement park would suffice, but if you’ve had it with the human race and would rather retire to the basement with door closed and windows covered, maybe a gig as a stock clerk for a hobby center would be better.

Lastly, is it worth your time, will it pay what you need? If it’s not going to provide you the extra income you need, then you’ll be wasting your time when there are jobs that will pay what you are worth. Remember, you have a lifetime of experience to draw from, you are worth more than you think.

Places to look for a part-time position might be local department stores, local grocery stores, and auto parts houses for stock people, The large chain stores and chain restaurants usually require all kinds of qualifications, strict work hours, availability, and other requirements. Places that would have flexible hours are Mom and Pop shops, and small businesses such as hardware stores, and corner drug stores. Most would actually like an extra part-time person, but aren’t willing to advertise for and hire a new person to train, or don’t have the time to spend on the task of acquiring someone.  Go on in and ask to speak to the manager!

How will I get there?

Transportation is always a concern for the elderly citizen, if you don’t have access to a car, maybe you want to look for something along the bus line, or maybe just something close enough for a brisk walk. Personal transportation requires fuel and insurance, as well as upkeep, and if you are on a tight budget, maybe you want to ditch the auto (figure of speech here, keep the rubber on the pavement, please,) Also, check with the local bus district to see if there are deals for elderly riders, special transportation vehicles, or special programs.

Now, so far what we’ve touched base on is the Social Security aspect and working for someone else. There are a number of other options for income for the retiree who would like some extra golf money, or food money. Check with your friends and relatives, are there odd jobs around their house you can do, such as light handyman work, a little babysitting for the grand kids or nieces and nephews. Walking the dog, maybe some yard work,

Maybe you have a hobby you can turn into a little business, such as woodworking or quilt making. What about teaching classes on quilting or woodworking. Go to the local woodworking shop and see if they need teachers.

Head over to the local hobby store and see if they need instructors for basic craft skills. It’s up to your imagination. Some people’s imagination quit working when Santa Claus was a toddler. Pull it out, dust it off, and realize you have the potential to go do what you want to do and make some extra money at it.

How did you solve your financial problems? Leave me some comments, I’ll include them in a future post on the subject. And look for a future post on budgeting, which could be a whole ‘nuther website!

If you are interested in Affiliate Marketing, Here is some information on that subject.  

Go here to read about Wealthy Affiliate, a great website for learning the affiliate marketing business!

As always, have a great day!  




What will your last day of being employed look like?

My Last Day Of Being Employed.

On November 30th, I had already been awake for the better part of an hour before the alarm went off.  As it’s a radio alarm I laid there listening to the announcer go thru a quick check off of the day’s top stories, listened to a brief synopsis of the weather and listened to a song or two before deciding it’s time to rise and shine.  I knew this was the last time I would ever get out of bed for an employer again.  I would have gotten up earlier, the excitement of the future has lately called me out of bed long before the alarm clock ever did.  But today I knew this was my last day of employment, so I lounged for a bit.  

This was my day to go in, make my rounds of saying goodbye to my fellow workers and friends, turn in my van and ride off into the sunset, so to speak.  I slithered out of bed, sauntered over to the mirror and smiled.  “This is it, you’ve put up with the crap of the last month and a half, and now you can move on.”  I knew all those people I worked with, and a few I worked for, would miss me as much as I will miss them.

But it was time to move on.  So I prepared myself for that last grand walk across the parking lot, badge up to the security pad, walking down the hall to the work room.  I went through my morning routine, not really allowing the total significance of this event to soak in just yet, except I didn’t need the work clothes, the boots, or the lunch today. I jumped on the computer to find out my final paycheck included a half month’s extra pay, due to vacation and a few other extras.  This day was already starting out in my favor.  I arrived at work, it felt alien.  I was no longer a part of this venue.  I had no need or the energy to put up with a system that was broken, along with the accompanying so-called union.  The one I had fought so hard to bring to validity, but in the end was an exercise in futility.  So I walked into the office and chose a seat, my normal station had been taken up by my successor, actually a good friend of mine, as was everyone else in the room.

What will your last day of being employed look like?

My successor?

This was the office I would come to every morning to do my scheduling, check my building systems on the computer, and catch up with the previous day’s difficulties with my cohorts.  Lately it had become a drag due to a supervisor who thought we were having too much fun, so everyone had been ordered out the door within 15 minutes of punch-in. Let alone the fact that time would be wasted if we had to go to another building, log into the computer to find out if a boiler was down or a unit wasn’t running, and then hustle over to another building.  But here I was, on my last day.  We threw out a few jokes, old guy jokes, mostly, but that was my modus operandi, give everyone a hard time, get the day started with a funny story.  No one was immune, including our immediate boss.  Everyone had jobs to do, and it was time for them to hit the road.  So I wandered out to the parking lot, got in the ole work van and drove it over to the trash bin, I was ready to get at least my personal trash out of it.

And all my coworkers kept hanging around the van, making jokes, asking what I was planning on doing with all that spare time I was going to have.  It was more of a final huddle than anything.  They didn’t want to say goodbye any more than I wanted to say it.  Finally they all left one by one, silent goodbyes.  My immediate boss, the one I sat on roofs and debated the fate of the school district as well as the universe with, checked off all the district owned tools that were supposed to be in the van, sure enough 100% present and accounted for.  The supervisor who was responsible for the new 15 minute morning shove out the door walked by and tried to enter the conversation, but neither one of us would recognize him.  He was the instigator in my decision to retire early, as well as for 6 other employees that I had been witness to the same treatment over the years.  I was proud of myself.  I didn’t offer any acceptance or forgiveness of his behavior, didn’t offer a handshake as I would have with anyone from a complete stranger to my best friend.

And I didn’t unleash the same amount of hell he’d bestowed upon me for the last three months.  I resisted the temptation to read him the riot act for destroying the career I hadn’t realized was such a burden until a month and a half ago. Maybe I should have thanked him for that rude awakening.  I just didn’t acknowledge him.  I was impressed with my immediate boss, he wouldn’t acknowledge the guy either.  So the supervisor walked off.  That was a win-win for me.  I smiled inside, and patted myself on the back.  I was ready to go.  I stepped back in the building to say a couple more goodbyes and once again, although he wanted to make a joke, I would not acknowledge that supervisor.  Another win!  So I hopped in my truck and drove off.  The feeling was euphoria, I had said goodbye to my friends, I didn’t offer any form of submission to my former supervisor and I didn’t allow anger to rule my actions or thoughts.  I had truly moved on.  I had a quick delivery to make to the middle school I had formerly worked at, so I headed over there.  

I pulled up in front of the school, left the windows down about an inch to keep the truck from absorbing too much of that infamous Colorado sunshine, and went in. Got all kinds of farewells, delivered the package I had and left, only to discover someone had tossed a Kelloggs Rice Krispies Treat in the passenger side window.  My day was piling on the winnings!  I looked around but no one was in site.  So at 10:15 on my last day of work, I was retired. I decided I deserved a bagel. No need to be anywhere in particular, so I headed for the bagel shop.  As I walked in I remembered getting a gift card to that particular bagel shop going on 5 years past.  And sure enough, there was $15 left on the card!  Free bagels!  My day was full of surprises!  So I bought 6 of my favorites, Chocolate Chip, ate one and took the rest with me!

I arrived home, grabbed my second cup of coffee for the day and headed to the garage.  I had inherited several woodworking saws from my father so I fired up one of those saws and started making sawdust.  Not just any sawdust…  The kind you make when you’re retired…!

What a day!!!

Comment if you like!