Retirement Issues that Seniors Face
New Decisions to Make
Money was sparse for many who no longer received a weekly paycheck. They awoke later each day and walked aimlessly from room to room with nothing to do. Eventually, they stopped getting dressed, strolled around the residence in lounging apparel, and failed to bathe. Retirement in those years was not as fun as they thought it would be.
This generation of Baby Boomer's who reach their retirement years, keep working until they are able to collect their social security retirement benefits. At that time, they leave their job and live on their retirement funds. They might choose to look for a part time position or volunteer their services to a worthy cause. This leaves them time to travel across the countryside in their Motor homes.
Those seniors who have earned less will have a meager retirement fund to fall back on. They might continue to work after 65 however, they might work fewer hours - to supplement their Social Security benefits. Working is a way of life for them, and they do not have a clue of what to do, if they were not at work each day.
Some retire at the age of 62 and take lesser social security benefits. They might have a spouse who is ill, and need to spend as much time with them as they can. They might look for a part time job, or volunteer their services to a nearby Museum if their interests are in this field.
Countless seniors are raising grandchildren in their senior years. Working a full time job does not allow them to provide the youngsters with as much time as they require. They retire and collect their social security retirement pay. While the children are in school, they might take a part time job that will grant them the time they require for the kids, and enough money to live on and to pay all of their bills.
A Senior's Dilemma - Should I Work After I Retire? Depends completely upon you, your circumstances, your interests and whether you have a lifetime interest that you always wanted to pursue.
Published by Sondra C
Brooklyn born Sondra Crane is a youthful looking and acting senior. She began writing as a child and never stopped. Her blog, Along Life s Path includes life as it was then and a glimpse into her thoughts an... View profile
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26 Comments
Post a CommentI am going to be paying child support until I am 68, and was never able to put much money away over the years, and so I have no idea when I will retire, if ever, plus whatever funds I do have in company pensions etc will disappear in a heartbeat in efforts to maintain my support payments as the years go on. Short of winning the lottery, I can't see how we are going to manage.
Interesting topic. We have lived a very frugal life, putting money into various "savings" channels so we think we will be fine in retirement money-wise. We are looking forward to retirement when we can spend more time in charity work endeavors. I know we won't get bored.
I fully expect to be unable to draw any of my retirement.
Great thoughts! It certainly can be a time of uncertainty for many.
My husband turns 65 at the end of this month. He'll be working another year, at least. He's now talking about working 2 or 3 more. We would need to seel our house in order for him to retire (and buy a smaller one with the money we would get). It doesn't seem to be happening, though. I'm not sure who has much retirement funds left.
Very good insights on retirement.
Our time is fast approaching. Good tips here.
More and more grandparents are help raising their grandchildren, because it seems like some parents just aren't there for their kids.
My mom wanted a restful retirement (at least that was what she kept musing about)... until she really did retire. Now she's doing 2 consulting job and working nearly 35 hrs/week (and is trying to clean all the neighbors' house now that there is nothing left to scrub in the house). :oD
Maybe I'll get done returning comments before we go to Conroe, TX on Thursday (and then I'll probably have tons more after that!)