Better retirement income

You can increase your retirement income. Yes, it is possible. You can even have fun doing so. How do I know? Because I have done it and in the process have met many other seniors who are doing so too.

When I retired from full time work, I knew I would need additional retirement income if inflation picked up in a few years. (Just look at the increases in price of gas and home heating in the last year or so) Back in the 1970's I watched some retired friends adjust their living standards as inflation, unexpected illness or a large house repair threw their budget out of whack.

Those experiences taught me that unexpected events could trigger a need for more money. And when you are retired, that can bea problem.

There are three main ways to improve your finances at any age:

• Reduce expenses
• Earn more money
• Find a way to 'get more for your money".

Reduce expenses

• Most people make small changes in their daily routine during the first few years of retirement. Still many retirees keep buying the same goods and services as when they were working - even if they no longer need them. Habits can be strong!

  As our lives change there are things we do not really need any more. One way to reduce expenses is to review your daily and weekly expenses. Stop paying for things that you no longer need.

• Another way to improve your retirement income is to take advantage of a recent trend in corporate marketing. There are 100's of companies that want you to become a regular customer. They want this so much that they offer discounts of 10 - 30% on their goods and services to retirees, pensioners or senior citizens.

  BUT many of these companies will not give the discount unless you ask. A simple, "Do you offer any discount for seniors(pensioners, veterans etc.)", is all you need to say to a salesclerk. Even if they say, "No", you have lost nothing by asking. Just a smile and "I thought I would ask." will cover any awkwardness.

Earn extra money

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If the truth be known, as a senior citizen have more options for earning income now than when you were employed. Why?

Your hours can more flexible because your time is yours. And since you are not building a career, you can afford to explore areas of work that were not part of your adult 'career track. If you have a lot of interests or if you know a particular field well, you may even decide to use your knowledge and work for yourself. Many senior citizens setting up their own part time businesses - even at home. This is one area where the economy is growing.

Part time work can be energizing and it will add to your retirement income. Read more at:

• Getting hired in retirement. Some companies have a track record for hiring senior citizens. Click here and scroll down the page for a list of major Companies who want senior citizen workers
• Join the fastest growing group of older entrepreneurs - those doing what they love. Read of Seniors earning retirement income by sharing their passion and interests with others.

Get more for your money

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