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Gapping between Working & Retiring

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Posted 4 months ago

 

I hope this all makes sense - I'm a little confused.......I am 63 years young and have just been laid off.  I have worked 40 years and have had only 3 jobs in my working career and all three companies have closed down on me,.  I was planning on working at my last job for another 3 years and retiring.  Plans detoured now.  I still plan on applying for Social Security in Oct to have it start in January.  I've made too much to apply for it now without it cutting my payment amount.  I received severence pay which cuts my unemployment 10 weeks.  It's not quite enough to last all year.  Unemployment dept. wants you to be flat broke before they give you anything.  I now need another job to tide me over until the first of the year.   I have an attitude problem.  I don't really want a career oriented job, not one with the responsibilities I have always had.  I'm done, kaput!!  I know I need to work.  I just don't want to.  I'm not lazy, I'm just ready to retire and work my own schedule.  I have applied at several temp agencies and sent my resume' to several companies.  One of my problems is my job title.  I don't know what to say when I'm asked - "What are you looking for?"  I don't know.  A 63 year old Admin Asst is not in big demand and I don't really want that any more.  I'm rambling - but does anyone else have this problem or feel like I do?  I've never been unemployed, became unemployed suddenly, upsets my plans now I'm feeling like a spoiled Diva, or entitled,  because I don't really want to go back to work.  Am I wrong, do I need an attitude adjustment or just time to figure this out?  I must say my confidence is low....help

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Rate This | Posted 4 months ago

 

Hi,  I'm kind of sort of in your situation, especially the one where I do not want to work.  I'm 61 and blessed with a husband who planned so well that he retired when he was 48 and he just turned 54.  I worked until 2007, went on-call at the place I was working but hoped they never called me and I never ask to go in.  I wanted to go back to college and get the degree I started on and didn't complete.  I know how you feel about not wanting to go back to work, I feel that way now and have for several years, but what I did do was start a handcrafted jewelry business which I sell jewelry on the side but school is my main focus.  I started working when I was 13 and that was babysitting and I've worked since until I finally quit, so my working days are over. 


As far as temporary work maybe, if you like, you could substitute teach for a while not now I know it is the summer but if your money holds out,  you could do that for a bit.   Depending on where you live the pay could be pretty good, I did that for a while.  You could also go back to school that would bring in some money if you qualify for financial aid until your other financial situation works out.  I guess getting a job even temporary is just deciding what you're willing to settle for until you're set.  But who wants to try and find work at our ages, it is very hard to do and then it depends on what kind of work and if the employer, other than Wal-mart, will give some one our age - work.  I'm still out on whether I want to start getting my social security because my hubby is 100% disabled and in Feb on my birthday I start getting some of his, I guess I could get mine also but waiting until I'm 65 will give me a few hundred more each month.


But I will tell you this I enjoy being able to do what I want at any time I want, outside of school that is, because next semester I'm back in a class room, the last year I've been taking online classes so other than studying my time is my own.  I've become very spoiled and I guess I have an attitude also because I don't need to work and I don't want to work other than my own thing and I've never been happier in my life.  The freedom is overwhelming and sometimes beyond belief that at my age I'm basically work-free.  Now if I can just start taking a few trips to other countries and then I'll be in heaven. 


I wish you well in your retirement and how you handle it, my only advice would be to enjoy it!!


Vanessa


 


Vanessa A Williams
Black Cherokee Designs
Business and Custom Jewelry Designs

"Kind hearts are the gardens, kind thoughts are the roots, kind words are the flowers, kind deeds are the fruits. Take care of your garden and keep out the weeds, fill it with sunshine, kind words and kind deeds" ~ Henry Wadsworth Longfellow

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Rate This | Posted 4 months ago

 

You sound like you have it together.  I commend you for wanting to go back to school.  I almost did before I got my last job 10 years ago but didn't feel I would recover the cost in wages over my work life.  Good for you. 


I do crafts and have had some things on ebay and am going to try Itsy.  Ebay is fun and once I get started I get busy.  Substituting is something I had thought about.  Us older ladies do have something to offer.  Temp work is ok but I am picky about how far from home I 'll go.  I'm used to driving 4 miles to work.  I've already turned down a few projects because of the drive.  I don't even want to drive more than 10 miles or in traffic.  I'll figure it out.  You are fortunate you don't really have to work.  You go girl, go travel.  That's what I would love to do. 


Thank you for your advice.  At least I know I'm not being selfish and spoiled.  I guess it's kind of like a morning period.  Once I figure myself out I l know I will enjoy it.  Thanks again for your sound counsel.


 


Pat Wynn

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Rate This | Posted 4 months ago

 

 Pat,


Boy, do I know how you feel!!!  I was laid off last year.  I am now 52, have 3 teens and a disabled husband at home and a huge mortgage payment!  I had decided to take the summer off last year since I had been working straight through for 16 years (got 1 year off with my first born).  But ever since then, I have only had 1 face to face interview!  I would love to NOT have to go back to the fast paced, high stress job type that I had before.  But I need to work, and not for minimum wage.  I have a BS in biology, but all of my skills are out of date in that area.  I would like to do lab tech stuff, nothing high pressure, but I have not gotten any response from any apps I have sent out.  It seems I might need to go to school to update my skill set.  How can I have an income if I go back to school?  Does Obama have some program for that?


Thanks a bunch,


Debbie Sansone

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Rate This | Posted 4 months ago

 

Debbie


As confused and stranded as I feel, I am older and closer to retirement and don't have a family to support.  That I am thankful for and only need to use my brain to figure something out either part time or on line and shoot for retirement.  I just don't like my applecart turned upside down.


Go back to school somehow, if at all possible.  You still have time to make a career.  There are so many people in this same situation that it's easy for us to centralize it.  With all the older people looking for work there are many more younger people looking.  Us older people aren't exactly what employers are looking for for several reasons but mostly we raise their insurance costs.  That's why Wal-Mart has so many "greeters".  I just hate that they did away with the little blue vests and kazillion buttons and ribbons, but at least they kept the chairs. .


I think we all need to not give up and to keep plugging.  I have never been unemployed so felt pretty secure in my job.  I just knew if I could make 3 more years, "I'm outta here!"  I made the "I'm outta here!" part but not the 3 years.  That's the part that wakes you up.   We now have a lot of wide awake unemployed people walking around.  Sort of like Thriller.  It just feels better to express my thoughts and see what other people are feeling.  Good luck to you.

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Rate This | Posted 2 months ago

 

Hi everyone,


I DID go back to school, and loved every minute of it.  I had to stretch my brain in ways that I hadn't in years.  I had to re-learn how to study, and WHAT to study...it was all a "learning experience".  I loved the young kids, who were younger than my own...in fact, some of the teachers were younger than my own kids!


I graduated last December ('08), cum laude, I might add, but now I am overqualified for most of what I want to do, and have a ton of loans to pay back.  I would do it all over again, but I was naive to think that going back to school would open up a whole new world for me.  I'm still too old, and really too ambivilant, to go through the glass ceiling at the juncture.


I've had my high-energy, high powered career.  Now I want a respected, dignified, low-paced job that will help pay the bills.  I am looking at being a Nanny, because I adore babies and toddlers, still have a passion for kids, and my own are refusing to make me a grandmother.


So, now that I've rambled on, I don't have the answer (or the health insurance).  I just know that I would love to retire and go back for my Masters' degree, but have to deal with the reality that I can't.

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Rate This | Posted 2 months ago

 

I understand what you're saying.  My company was going through downsizing and the younger folks got laid off, more seasoned  employees with at least 20 years had the option of VERA/voluntary early retirement.  I chose the VERA because it also let me keep my health/life insurance.   I've been looking for something else to do for the next 20 years, trying to change from my supervisory role to something clerical.  I was hoping to move into accounting while I finish up my degree work.


Most of what I get it what was your salary ( followed by they hang up without the curtesy of completing the interview or even sentence).  Others want to know why I would even consider taking a position of less responsibility.  It can be very demoralizing, but I know there is a position for which I am ideally suited and I AM GOING TO FIND IT  SOON! 


In the meantime I do some crafting I sew, quilt, do wall hangings, silk arrangements, scrap booking, photography and such.  The arrangements have always sold I fast as I can finish them.  Guess I should get on ebay.


Have you tried looking at companies that are just starting up are usually looking for seasoned professionals without all the inter company politics and coroprate ladder climbing.   They may not offer all the benefits the bigger companies do.

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Rate This | Posted about 1 month ago

 

Check out this website that I stumbled upon via Twitter. It specializes in mini-businesses or seasonal businesses for retirees. The website not only discusses different types of income generating ideas but also has technical information about taxes, start up costs and other relevant issues.


http://www.retirementlifematters.com/start-a-business


This could be the answer to your desire to generate income but not be stuck in the rat race.