Posted on 04/27/2025 8:38:15 PM PDT by Cronos
If you do retire, start a business. Not needing an income, because you have one, makes starting a business almost risk free. It’s also not taxable, if you aren’t drawing from it if the income from the business is being put back into the business.
>Think twice before retiring
Think twice before trusting MSM financial journalism especially now. Everything was roses but now, oh now, the elderly suffer, the poor are struggling, the middle-class is burdened.
Yea, here’s a surprise; people who barely made ends meet got swamped by Bidenflation. The person who gets $1k monthly in 2020 in a left-wing state was invisible until Orange Man Bad resumed office.
Same schemes as when the homeless vaporized for Clinton only to reappear in articles in 2001.
You can get $25/hour here just for driving a school bus.
Mrs rktman sells her “art” and I play music to add a little extra. Lucky she starts her SS in June at 62. I’ve been getting mine since 2011. Now 78 in june. I will still be rockin’ until I cant. 😂😂😂👍
that sounds like fun
do they have any without kids?
Think twice before retiring.
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I did. Retired a little late, 68 instead of 65. I was still having fun at the job, just finally got tired. Cramming 48 or 50 hours into four days (commute and workweek) finally got to me. Got a pension, social security, small mortgage. Sitting pretty good - not rich, but comfortable.
The bidenflation did cause a little tightening on the belt but nothing major. I do understand the problems the demented one caused to the lower income folks. My grocery spending went from about 5800 to 8800 a year. Got the records to prove it.
I’m getting bored though, half-assed looking for work. Can’t do public-facing work; about the third idiot I’d be reaching across the counter to strangle them. That’ll just get you talked about....
Got a low tolerance for stupid.
I’m starting to think about starting a Road Kill Food Truck. People will eat anything these days.
I hope those of us on the older side of things will “work” at building up the next generation. Teach Eddy Eagle, be a Boys Brigade leader, teach Sunday School or help the local private school, volunteer at the pregnancy center (clothing? repairs? events?), ALL y”ALL should be a committeeman on your county’s Rep. Party. . .
I’m seeing a lot of older people working - not everyone at Starbucks is young anymore and we have some fairly old cashiers at our grocery store. I think it’s a good thing to be out and about....better than sitting in front of the TV.
If needing a part time job to pay your normal living expenses is part of your retirement plan, your plan sucks.
Yeah you know, b3cause things were really great under Biden when prices on everything doubled, and people were losing their jobs by the 1000’s as businesses folded because of bidens tyranical covid rules, but now that prices are goj g down again, elderly are in desperate straights? Gimme a break.
Florida is great to retire. But definitely have way more money than you think you need. Many have the impression it’s cheaper to live here. Not on your life. It’s rather expensive in many areas. The biggest is insurance for auto and home. Food is more expensive and gas is as well. I’m not sure why gas is so much more here. I hear many all over the country say they are below three dollars. Florida is not near under 3 dollars yet.
Where are prices going down? The grocery store? Nope!
Yup- has prices falling, food prices just beginning to drop- this Wil, ripple outwards in a few months, expand as delivery prices decrease with lower fuel. We just went through 4 years of hell financially. It’s not gonna flip back to prevent Biden prices overnight, but it is beginning to turn back
Strange how Business Insider never worries how retirees make ends meet under the Demoncrats!
Business Insider is a leftist piece of trash. Until four months ago it was Unicorns and Skittle Raindows for all.
Having said that, it isn’t all that hard to make a little extra income. Many people sell on Etsy crafts they make or garage sell finds. I sell vinyl records, music related posters but now mostly classic car parts for old Japanese cars on eBay. I buy the parts directly from Japan and turn them around. You don’t even need to leave the house as I do the packaging and print my shipping labels through eBay online.
Last year after Uncle Sam got done with me the net was enough to pay for six months of Mortgage. (Granted the Mortgage is only 1k a month) I do it more so to keep busy and not while away the time in front of the TV all day although I can do that as well while online buying and selling parts, LOL.
Here in the People’s Republic of Kalifornia it’s $20 an hr. to start for the difficult task of dropping fries in hot oil.
I hit full SS retirement age 66, 8 months this fall so I’ll start taking that but won’t be stopping the eBay gig.
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