I wanted to let you know what the future is for the Rock Your Retirement Show.
If you have listened to the episode where I discussed my traumatic event, you’ll remember that I’m re-evaluating my life. This event was life-changing for me. If you haven’t listened to the episode, and you are interested, just go to Episode 209.
Since this traumatic event, I decided I wanted to scale back on some of my workload. I have already announced to my remaining financial planning clients that I’ll be retiring from financial planning on 12/31/2020. Although I partially retired from financial planning in 2015, I continued to work with my favorite clients.
With Covid-19 affecting so many of our lives, I’ve had additional time to reflect. In my time of reflection, I have discovered that I need to make some further changes. And those changes affect the show.
Since 2016 I have been paying to host the show. Although I’ve added some advertising it has never supported the show. In fact, my affiliate link provider has indicated to me that I’m not getting enough click-throughs, so they want to start charging me as well! So, if I continue to run ads it will actually cost me money!!
It has been a tough choice however, I have decided that after we run all the shows we’ve already recorded, I’m going to take a break and we will stop doing our weekly episodes. It costs me about $150 per month to keep the show going, and my revenues are nowhere near that amount.
The only way I can continue on a regular basis is to get some listener support. You can support the show at a $3 per month basis if you’d like. If a small percentage of my listeners did this, then I will get the $150 I need to continue weekly episodes beyond 07/06/2020 when our last weekly interview is scheduled to be released.
Don’t worry though, even if I don’t get the support I need to continue on a regular basis, I’ll still pop in sporadically to tell you how I am doing. So, stay subscribed so you get the notifications.
In case you’re interested in supporting the show, here’s where you can do it: http://RockYourRetirement.com/Support
Your friendship over the last few years, and support of the show and me personally, means the world to me.
Working part-time is a great way for seniors to stretch their retirement savings and boost their quality of life in retirement, but many seniors feel like they have few options for well-paid, fulfilling work. While getting hired after 65 does pose its challenges, there are more options than ever for older adults who want to stay in the workforce.
The Best Companies for Senior Citizens
These companies have a reputation for being great for older workers:
- Starbucks: As one of few companies offering benefits including life and health insurance, a 401(k), and dental and vision plans to part-time employees, Starbucks is one of the best companies for seniors who want to work part-time.
- REI: Outdoorsy seniors will love working at REI, where they can opt into long-term-care coverage in addition to receiving low-cost health and life insurance and retirement contributions while averaging 20 or more hours per week.
- Trader Joe’s: While Trader Joe’s doesn’t offer health coverage to part-time employees, it does have awesome perks like dental and vision coverage, retirement benefits, the ability to set your own schedule, and 10% off groceries.
- Staples: Staples only requires part-time employees to work 15 hours a week to be eligible for benefits that include a 401(k) plan and flexible dental and vision coverage.
- Lowe’s: Lowe’s offers low-cost health insurance with no annual deductible to part-time employees, making this employer a great pick for seniors looking to keep their healthcare costs low. You’ll also get vision and dental coverage when you get a part-time job at Lowe’s.
Freelancing: A Flexible Solution to Part-Time Employment
While freelancing won’t come with benefits, it’s a smart call for seniors who want to continue their professional career in a part-time capacity or try their hand at a new skill. Freelancing offers greater earning potential than most part-time jobs along with the ability to set your own schedule and workload. As a freelancer, seniors are also free to take time off as they wish, making it the ideal job for retirees with a lengthy travel bucket list.
Better yet, many freelance jobs are remote, allowing seniors to work from the comfort and convenience of home. Job sites like Upwork can be a great resource for seniors with skills to share. Whether you’re seeking a job in sales, accounting, customer service, or even as an Upwork virtual assistant, there are plenty of telecommuting-friendly job opportunities. And since many freelance job boards have apps too, you can apply for gigs whether you’re at home or on the go.
Entrepreneurship for Seniors
Some seniors simply don’t want to work for anyone else, even if it’s as a freelancer. If you like the idea of being your own boss, consider starting a home-based business. Home-based businesses are a good pick for seniors because they have lower start-up costs than traditional brick-and-mortar businesses, so there’s no need to tap a 401(k) or IRA for startup funding. However, starting any business — even at home — requires certain legal steps before you can operate.
Good home-based businesses for seniors to start include:
- Childcare and pet care
- Making handmade goods and cottage foods
- Tutoring or teaching ESL
- Copyediting, freelance writing, or blogging
While retirement typically means living on a fixed income, there’s no rule that says seniors can’t keep working once they hit 65. In fact, more older adults are staying in the workforce today than ever before. Whether you want to boost your income and access employee benefits or simply want a way to stay busy in your retirement years, give one of these great jobs for seniors a try!
Image via Unsplash
As a senior herself, Sharon Wagner understands that an older body and mind impacts the daily lives of many seniors. She created SeniorFriendly.info to offer advice geared specifically toward seniors to help them make healthier choices and enjoy their golden years.
Woodworking: A Great Retirement Hobby
By Robert Johnson
Do you feel like using your hands to create something useful and beautiful out of nothing? Is your mind itching for a challenge? Are you in need of a new hobby? Well, woodworking might just be for you!
Now, learning a new skill might not be a top priority once you reach retirement, but it does have nifty benefits especially when it concerns your health. You see, a hobby is not just there so that you have a thing to keep you preoccupied. If it is as good as woodworking, it covers more than just the pleasure you derive from the activity—there would also be positive effects in other aspects of your life.
Let’s take it one benefit at a time:
Woodworking will keep you social
Woodworking classes at your community would, at least. While the current technology affords one to use even just your mobile phone, search for courses through apps and learn at your own pace, for some, nothing quite beats being in an actual classroom. It’s better to use your phone to search for nearby organizations that offer woodworking classes!
For those who have fewer opportunities for interaction with other people, this is a good way to widen one’s social circle. Besides beginning the same hobby, friendships could be established by exploring other interests and experiences, and working together on a common goal, say, a community project. And that is a good thing for the mind: being social delays memory problems and cognitive illnesses.
And who knows, if your skills are up to par, your creations can make for great gifts to family and friends!
But if you’re not a beginner…
Volunteering for workshops can be great for your mental state
Not every senior who will be interested in the hobby will be a beginner. When you feel that the classes are not up to your level, you can offer to share your knowledge instead. Facilities can always use a little help from volunteers. Practicing something you are good at regularly contributes to happiness and satisfaction. Plus, it is always good for your self-esteem to feel that you are making a difference even in a very personal way.
It’s great maintenance for both the body and the mind
Woodworking takes some physical exertion (and can come with some risk, which is why it is ideal for seniors to do it with other students), but it is worth the effort. The activity can be considered a low-impact exercise, so it does not have to be hard on the body. You can even be seated while working on your craft and you would still end up reaping some of the health benefits! That’s really something now, isn’t it?
But it’s not only the physique that becomes fit. The mind, too, can be in tip-top shape through woodworking. The aging brain has been associated with weak memory and general cognitive decline, but hobbies like woodworking can keep you sharp by always engaging it. Creating furniture, especially for the first time, can be challenging to the mind, and design can force one to be creative. This, and preventing dementia are proven by studies, the most recent of which perhaps is a Mayo Clinic research that found that the crafts decrease mild cognitive impairment by at least 45%.
So, there you have it, we have covered the basics of what could possibly draw you in with woodworking. Keeping an active social life, gaining satisfaction from the opportunity to share knowledge and help, and maintaining a fit body and mind are good enough reasons to reach out to your nearest center. In the end, you might actually go because of the potential for it to be a truly enjoyable experience. Don’t worry about the tools—you’ll learn everything you need there.
Going on a First Date as a Retiree
By freelance writer Jane Lester
Divorce among adults aged over 50 is on the rise in the United States, but statistics indicate that many are enjoying their newfound freedom to the full. According to Pew Research, divorce rates have tripled for persons over 65, with six in every 1,000 persons ending a marriage. Retirement and divorce can undoubtedly be challenging, but they can also open doors to meeting new people, interacting online, and experiencing the ‘pleasurable jitters’ that come before the very first date with someone one is interested in.
Subjects to Bring Up
Whether you have met a potential love interest online or through mutual friends or your local community, you should aim to keep the subject to ‘tried and tested’ topics during your first date. Psychologist Richard Wiseman carried out a study on the subject, finding that while only 9% of couples who talked about movies went on a second date, 18% of those who talked about travel saw each other again. Other studies have shown that you shouldn’t be wary about giving your true opinion on subjects of discussion, since shows that you are self-confident.
Keeping the Focus on Your Date
It is important to ask questions; keep it interesting by asking specific questions such as “What work project are you proudest of?” or “How important is seeing family to you?” or “What would your idea of a perfect day be?”. These questions will lead to longer discussions that will enable you and your date to really get to know each other. By all means, avoid talking about past relationships, especially about negative experiences with an ex. Also be sensitive to how long you talk about your opinions, thoughts, or interests. People like sharing information about themselves so allow your date to do so.
Discreetly Showing Off Your Savvy
Both men and women enjoy being with someone who has keen knowledge in culture and gastronomy. Research shows that over 40% of Americans’ food budget is spent eating out, so being with someone who is keen to share their knowledge of food and wine with you is a treat. Numerous studies have shown that red wine can promote better heart health, so don’t be surprised if your date asks you to recommend a good red or white. If you are a novice, there are numerous online guides that will provide a select list of bottles that pair well with particular dishes (e.g. try a fruity Pinot with vegetables, Chardonnay with fish, or Merlot with white meat). Instead of ordering a typical fish dish you can access at the supermarket, why not try scallops, lobster, or better yet, aphrodisiac oysters?
Dressing the Part
Take a look at your wardrobe before calling your love interest for a date. Are your suits cut to the latest trends? If you plan on dating regularly, one no-fail investment is in a good suit. As noted in a study published in 2015 in Social Psychological and Personality Science, what you wear affects the way you think; a good suit can make you feel more creative and ‘powerful’, which is great news for those feeling a little nervous before a diet. Opt for blue clothing to calm you down; red has been shown to actually raise the heart rate in a 2013 study published in the Journal of Sport and Exercise Psychology.
If you are very worried about an upcoming date, focus on being yourself; on sharing your interests, future plans, love of travel, and other subjects that your date will most likely be able to relate to. Positive energy tends to attract others, as does humor, so do include these elements in your conversation, while you impress your date with an excellent meal that reflects your interest in learning about the world and enjoying a wide array of experiences.
Here's Why Seniors Should Combine Weight Training With Cardio
By freelance writer Jane Lester
Obesity rates have increased among most age groups in the U.S., but the sharpest rise has been among people aged 65 and over. Because obesity significantly increases the risk for heart disease, Type 2 diabetes, and cancer, it is vital for seniors to stay at a healthy weight, considering that age is a risk factor in itself for some diseases. Regular activity is one way to burn calories and fat, but if you really want to optimize your workout time, weight training is also key.
Weights and a sound diet equal success
Doctors generally recommend consuming a healthy diet and working out for half an hour a day. However, a recent study by researchers at Wake Forest University found that adults in their 60s who worked out using weights machines had less muscle loss but significant fat loss, compared to those who walked and dieted, or those who merely dieted. “Surprisingly, we found that cardio workouts may actually cause older adults with obesity to lose more lean mass than dieting alone,” said the researchers, adding that the results are even more significant for seniors who tend to lose and regain weight repeatedly since seniors don’t typically regain muscle; they regain fat.
Why do seniors need strong muscles?
Having strong muscles is vital for bone strength, balance, and carrying out daily tasks such as carrying groceries. Muscle strengthening has also been found to help manage blood pressure, glucose, and cholesterol levels. It also prevents and controls diseases such as Type 2 diabetes, osteoporosis, and heart disease. A 2016 study carried out a Penn State College of Medicine found that older adults who met twice-weekly strength training recommendations had a lower risk of death. It is important to remember that from the time we hit the age of 30, we start to lose 3% to 5% of our muscle mass. Luckily, we can build strong, healthy muscles by working out regularly using free weights or machines.
Where to begin?
Before commencing any new type of workout, see your doctor and receive a personalized recommendation. A qualified personal trainer will be able to provide you with a workout in line with these recommendations and your fitness level. Usually, you will complete one or more sets of 8 to 12 repetitions of exercise targeted at muscles in your core, as well as your upper and lower body. As you progress, your trainer will usually recommend increasing repetitions and increasing weight or resistance. These may include knee extensions, hip flexor exercises, partial squats, and calf raises For the upper body, you might try exercises such as bicep curls, tricep exercises, shoulder lifts, and back strengthening machine exercises.
Cardio was once King when it came to workouts but clearly, research is pointing to the importance of weight training for disease prevention and longevity. Get advice from trained professionals and ease into your new workout regime slowly, remembering to balance strength workouts with aerobics too boost your heart health and enhance fat burning.
Keeping Retirement Stress At Bay
By freelance writer Jane Lester
If retirees are to make the best of their newfound free time, an awareness of the specific obstacles they may have to face is key, one of which is stress. As noted by Harvard academics, retirement is ranked 10th on the list of life’s 43 most stressful events for important reasons. Major life changes always carry some degree of stress, but as far as retirement is concerned, issues such as economic well-being also have strong impacts on one’s quality of life. Enjoying a good financial position early on in one’s life, for instance, allowed retirees to build financial resources and to retire with a more positive outlook.
Factors that impact views on retirement
A study by researchers at the University of Birmingham found that experiences of retirement differ greatly depending on factors such as profession, gender, and education. Those who were professionals, for instance, tended to work part-time after retirement (though not for a salary) while those whose career had been more disjointed (e.g. because they had to take time off to care for children) were more likely to continue working in some capacity because they were unable to retire. The latter group was less likely to view retirement positively because of concerns about financial instability.
The study also found that women who worked in administrative professions but who had also been close to family members were optimistic about having more personal and social time. On the other hand, men with semi-skilled professions were more worried about being inactive. They also felt that a part of their identity could be lost.
Top jobs mean lower stress
A recent paper published in the Journal of Gerontology (May 2017) suggested that those who have worked in ‘low-status occupations’ often had poorer health and higher stress levels than those in top jobs. In essence, early differences in life could be magnified as time passes. Data showed that retirement was associated with lower stress levels, but only for those with high-level jobs. Lead author, T Chandola, noted: “It may seem counter-intuitive that stopping low-status work which may be stressful does not reduce biological levels of stress. This may be because workers who retire from low-status jobs often face financial and other pressures in retirement.”
Lowering retirement stress through financial planning
Finding ways to increase income is crucial for seniors who may be struggling financially. In order to come up with a sound financial plan, they should seek out a recommended financial advisor who can discuss options such as reverse mortgages, downsizing, investment, or even opening a business. Extra income can also be obtained through continual work. In fact, according to a study by the American Psychological Association, those who work post-retirement enjoy better health and fewer functional limitations than those who fully retire.
Social networks are key
Retirees can find that their social network is vastly reduced, since work colleagues may live far, or may also retire and settle in remote areas. Establishing new social circles is important. This may involve joining local senior sports or art groups, taking part in fundraising and other altruistic events, or becoming more involved in one’s religious community. Constant learning keeps the mind active and boosts optimal cognitive functioning, so learning a new language or taking up a course in a subject one has always been interested in can be helpful.
Millenary eastern practices such as yoga and meditation have been found in numerous studies to lower levels of stress hormone, cortisol. Not only does yoga improve strength and flexibility, but also boost one’s mental health. These activities also provide a venue through which to meet like-minded individuals and to learn more about the healthy yogic lifestyle. Seniors who are new to yoga will be pleased to know that classes can be adapted to all levels. Moreover, chair yoga is an excellent way to achieve the benefits of yoga with greater stability.
As is the case with all new life stages, retirement can be as stressful as it is a relief. Sound financial planning, the formation of new friendships, and taking part in healthy activities that focus on stress reduction can go a long way towards viewing this new crossroads as a positive time. Indeed, retirement is the perfect time to take part in hobbies we may never have had the time for, including the simple pleasures such as reading, enjoying nature, or spending more time with loved ones.