Our last article focused on how the
new view of retirement may be different than most people suspect. And although
the thought of working in another field, even part time, may be daunting, the possibilities are
unlimited. If you are considering a new field
while in “retirement”, here are a few tips to help you feel more secure:
a list of your skills. Start
here first. This will help you find the gig you want. Think about the things
you enjoyed doing in your previous roles. Write them down along with the skills
you have wanted to learn, but never had the time. You likely have more skills
than you realize, so first make a list to see what you can offer companies.
willing to enhance your skills or develop new ones. Some gigs require skills you do have, but others may require ones
you don’t yet have. You should continue to develop your skills to keep them
fresh and create openings to new gigs at the market changes. For example, you
might have to learn new software. Just keep your mind open and be willing to demonstrate
about your schedule. Think about when you could complete your gig work. If you are already working,
volunteering, or working multiple gigs, will you have time on the weekends? Evenings?
Make sure you aren’t spreading yourself too thin. Focus on quality over
scams. Scams are common on gig
job sites. Be very careful to check each listing’s legitimacy. Don’t’ apply for
ones asking for money or personal information. Be wary of above-market
salaries, or ones eager to “close the deal.” This
link shows some great
information on what to look for when you suspect a scam.
a great impression. Once
you get that perfect gig, be sure to do your best work. Make yourself
indispensable so that you will be asked back by the company for another gig.
You may even have it extended indefinitely. Once you are finished, end on a
positive note, make yourself available, and ask for a positive recommendation.
that you have made your decision to enter the gig economy, it’s time to
understand the impact on your finances. Don’t forget that your gig-earned
income may affect your social security check and also have tax implications. Consulting
your financial advisor may
be a good idea if you have questions or concerns.
Any opinions are those of Munn & Morris Financial
Advisors and not necessarily those of Raymond James. Expressions of opinion are
as of this date and are subject to change without notice. There is no guarantee
that these statements, opinions or forecasts provided herein will prove to be
correct. Raymond James does not provide tax or legal services. Please discuss
these matters with the appropriate professional.