income sources for seniors
I am 71 years old. I’m active and in great health and shape. My husband and I are on medicare and both have very part time but low paying jobs to bring a little extra money in but it’s not enough.
My question is, where can I go or do at my age to earn some more money? I feel that there must be opportunities and positions that I could do, even from my home office, that I don’t know how to look for especially during this Covid situation. Can you please point me in the right direction?
Our savings have been significantly been used up for home repairs last year, a new roof, 2 furnaces and air conditioners, a whole new septic tank system, some water leaks in the house and many other expenses we just did not count on. My husband’s medicines are very expensive and our utilities just jumped way up too.
I’m really worried about running out of money too soon! I feel if I could clear at a bare minimum another $1000 a month we would be ok. Can you please point me in the right direction so I can help myself?
Thank You!
Cindy Kracen
Terry Says
You’re looking in the right direction — but be very careful. Let me give you three possibilities to think about:
As an alternative, you might consider moving to an senior living community and an apartment that would cost less.
Or you could consider a Reverse Mortgage (read this column) to get a monthly check as long as you both live in the home. But you still have a responsibility to pay the property taxes and keep the house in good repair.
And, yes, how nice that you are willing and able to look for additional work. Just don’t fall for those “work from home” commercials. Instead, go to www.Monster.com an check out the opportunities. Those are real jobs. Things like Medical billing specialists and other work from home choices might add enough.
The bonus is that many people are going to be working from home for a long time. So that creates some opportunities for you.
Please write back and let me know what happens.
