Finance & Money

Archive for October 5th, 2009

If you’re retired and relying on your pension or retirement savings to support your lifestyle then most likely you’ve taken a major hit over the last 2 years with the global crisis and financial meltdown severely affecting the savings of most retirees. So are there any self employed opportunities for retirees out there?

Many soon-to-be retirees have also delayed their retirement because their golden nest egg is no longer as big as it used to be. To make matters worse interest rates across the globe are at their lowest in decades which does not help the situation.

As a financial adviser I have been at the coalface experiencing this situation with many retired or soon-to-be retired clients. It comes as no surprise that many retirees have been forced back in to the workforce to supplement their income. Many of them take up casual or part-time work in jobs paying minimal income and some even going back to their main career or taking on study courses to improve their chances.

But the most popular area where retirees are looking for income is on the internet. It seems the internet offers not only working people but also retirees the opportunity to earn a decent part time income and in many cases a substantial 6 figure income. There are many examples of this happening on the internet. Through my own online business I met a 75 y.o. grandmother who knew nothing about computers, let alone the internet, and in the space of 2 years is earning a substantial monthly income that many board room executives would be envious of.