The gig economy and its potential for retirees is the new episode of Hello Retirement Podcast. We explore how engaging in gig work can provide a sense of purpose, social interaction, and financial stability during retirement. Emlen highlights the flexibility and freedom that the gig economy offers, enabling retirees to earn income on their own terms while utilizing their valuable skills and experience.

Key points:

#1 The gig economy offers flexibility and freedom for retirees to earn income on their own terms.

#2 Engaging in gig work can provide social interaction, a sense of purpose, and financial stability during retirement.

#3 Retirees should be mindful of the potential impact on Social Security benefits when earning income from gig work.

#4 Managing taxes is crucial for gig workers, as income is often reported on a 1099 form without taxes withheld.

#5 Consulting, tutoring, writing, and niche industries are popular options for retirees seeking gig work opportunities.

Thanks for watching!

Timestamps:

0:00 Hello Retirement

0:46 - Gig economy appeal

1:57 - Supplementing income

2:55 - Social Security caution

3:37 - Consulting opportunities

6:00 - Purpose and fulfillment

If you want to seek assistance from Gen Next Wealth in navigating these life transitions be sure to follow us on these platforms:

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