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Old 03-20-2015, 12:48 AM
 
Location: Tennessee
34,706 posts, read 33,724,405 times
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Do jobs exist for self-employed shoppers? I'd pay someone to do my shopping for me. It's hard for me to lug groceries these days. There has to be more like me.

Please don't tell me "young people" are job eager beavers. This winter when we had a lot of snow all over the country, how many lazy ass high school, junior high school or college students came to your door looking to shovel your driveway or dig your car out to make some money? I had a big fat ZERO knock on my door. It's not like they were in school, either.
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Old 03-20-2015, 05:39 AM
 
2,429 posts, read 3,228,161 times
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As for work for a funeral home.....in the office? YES. Dealing with the families? YES. Receptionist? YES. Checking casket and flower orders? YES. Doing graphic design on the service programs? YES. Coordinating with cemeteries? YES.

ANYthing at all to do with the BODIES? No way in the world.. Absolutely, positively -- not.
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Old 03-20-2015, 07:32 AM
 
Location: Los Angeles area
14,018 posts, read 17,759,876 times
Reputation: 32309
Quote:
Originally Posted by rdflk View Post
As for work for a funeral home.....in the office? YES. Dealing with the families? YES. Receptionist? YES. Checking casket and flower orders? YES. Doing graphic design on the service programs? YES. Coordinating with cemeteries? YES.

ANYthing at all to do with the BODIES? No way in the world.. Absolutely, positively -- not.
You have to go to embalming school and get a license to do embalming. But of course sometimes others are called in to help lift the bodies into caskets and do other tasks of that sort connected with the bodies.

I remember one guy who was hired as a trainee to learn motorcycle funeral escort riding. He was so freaked out by bodies that he told us he "didn't handle no (sic) caskets". Well, he was in the wrong place because we escort riders normally helped the funeral home personnel load caskets into the hearse and take them out of the hearse to wheel them into the churches. The caskets are closed during those loading and unloading operations and it never bothered me in the least. I didn't see that guy back.

If one works for a funeral home there is no way to avoid seeing bodies in open caskets. That never bothered me in the least. But I never had to touch a dead body, and I confess that would take getting used to.
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Old 03-21-2015, 06:45 PM
 
Location: Grove City, Ohio
10,138 posts, read 12,402,575 times
Reputation: 13987
Quote:
Originally Posted by Escort Rider View Post
Indeed various driving jobs present opportunities for retirees who need some money or just need something to do. However, isn't there an aspect of that which doesn't get discussed, namely the pay? How much do these driving jobs pay? I can't imagine it could be more than $15 or $20 per hour. Please correct me if I'm wrong, but if I'm right then that's a profoundly discouraging situation for anyone who lost a REAL job and actually needs or wants to make actual money. It has to be very depressing to be forced into working for $15 per hour.
If you can barely squeak by that's a lot of money IF you look at it the way you should.

John has always earned pretty decent money until at age 62 his employer got rid of him for any or all reasons. John was earning $40/hour but today the best thing he can find is $15.

John also has a little secret, a secret he might share with a fair number right here in this forum, that he didn't save the money he should have... he managed to save $120,000 which isn't a lot but better than nothing.

On his last statement social security estimated John's FRA benefit at $2,400 but if he takes it now he'll receive only 75% of that for $1,800 for $21,600/year. Certainly not great and a punch in the gut after earning the equivalent of four times that for most of his life.

But what if John can put off collecting social security by taking the job and cutting to bare bones? He'd be working for $15/hour but how much would he be saving for later?

In the four years time between 62 and 66 John's benefit will increase by $7,200 per year and the way I would encourage John to look at it is how much would he have to save in an IRA account to withdraw 4% per year for 25 assuming John, or his wife, was gong to live to be 90? Don't laugh, in today.s world it could easily happen.

$7,200*25=$180,000. Working that extra four years is exactly like if John managed to save $45,000 every year into his IRA account only he could start collecting at 4% not at age 70 1/2 but at 66.

Assuming John worked 2,000 hours a year that $15/hour job is equivalent to $37.50/hour. Actually more like $45 to $40 because that is what he would have to earn to be able to have $15.00/hour to live on while putting $22.50 into his IRA which is simply the penalty he pays for not saving enough in the first place.

$15.00/hour? Sure, that sucks but suck it up because sometimes a man has to do what a man has to do to protect himself, and his wife, in the future. When you turn 67 and no longer able to work would you rather get $2,400 or $1,800 every month?

Also remember if that $2,400, plus $600/month he would get out of his IRA that he kept intact, that $3,000/month would most likely be free of all state and federal income taxes.

Now if John can work to 70 it ain't so bad.

Instead of $2,400 he could expect 32% more or $3,168/month.

The difference between $1,800 and $3,168 is $1,368 and the question is how much money would you need in an IRA account to withdraw $1,368 every month which would be equivalent to 5%? for 20 years? I'm coming up wth $328,320 which divided by the 8 years is equivalent to saving $41,040 into the IRA account every year. That $15/hour job is equivalent to $40/hour over an 8 year period.

Special message to math, know-it all and spelling Nazi's: I know it would be a little less because if John's FRA benefit was based on his old $40 salary at $15 the amount would go down but not devastatingly so. Maybe instead of $3,168/month he'd get $3,000 but $3,000 is still better than $1,800.

Also, that extra $1,200 monthly would be adjusted for inflation so true, he might not make the 50% on his investment many here seem to be making but it would be a safe bet and it is sort of inflation proofed. I said sort of so don't go overboard on correcting me because I already know what you are thinking.
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Old 03-21-2015, 07:01 PM
 
2,429 posts, read 3,228,161 times
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I would hope John's WIFE also is getting some SS as well. Where is SHE in this equation? She has no earnings to help out?

Hey, I"m single so I never care about formulas and scenarios for couples. BUT if you're going to hint that this hypothetical person has a wife, then put her "hypotheticals" into to equation also. Or leave him single and don't reference a wife at all.
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Old 03-21-2015, 07:37 PM
 
Location: Grove City, Ohio
10,138 posts, read 12,402,575 times
Reputation: 13987
Quote:
Originally Posted by rdflk View Post
I would hope John's WIFE also is getting some SS as well. Where is SHE in this equation? She has no earnings to help out?

Hey, I"m single so I never care about formulas and scenarios for couples. BUT if you're going to hint that this hypothetical person has a wife, then put her "hypotheticals" into to equation also. Or leave him single and don't reference a wife at all.
Sorry, been married for my whole adult life and plan to stay that way.

Wife could help out with a part time job as well.. whatever it takes to at least get them both to FRA so he could get somewhere around $2,400 and she can get $1,200. A whole lot better if than both taking it early where get got $1,800 and she got less than $900. Not sure of the impact on the wife if they both take it early.

I am fortunate, I have a job that I am not afraid of losing so I plan working at least three more years to 70. Frankly speaking I can not afford to do otherwise.

At 66 my FRA benefit was estimated to be $2,250 climbing to $3,020 if only I keep working four more years at my $70,000 job. The additional benefit is $770 per month and my question is how much would I have to have in an IRA account to take the minimum 4% at age 70 1/2 if the 4% is $770?

Over a 10 year period it would be $92,400 while a 20 year period would be $184,800 and a 25 year period $231,000. By simply working four more years the 20 year benefit, and my wife or I could easily hit the 20 year mark, the four extra years is equivalent to earning an additional $46,200 after taxes in addition to the $70,000 I get paid. If you toss a little bit for taxes (FICA) it's exactly as if I am working for $125,000 and socking $46,200 cash into an IRA account every year.

For the equivalent of $125,000 I'll keep working for four more years especially if it means we can save the IRA money we do have keeping it for when one of us has a real emergency.

But I do consider myself fortunate in that replacing me at work would be extremely difficult not to mention expensive for the company. I don't have any great stress to speak of, at least not the kind of stress brought on by people dissing you at work while you worry about losing a job. On top of that everyone accepts that I am I am getting older so there you go.
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Old 03-21-2015, 08:19 PM
 
Location: Chesapeake Bay
6,048 posts, read 3,876,928 times
Reputation: 3502
If I were John, I'd take the $30k a year job (given thats all he could find), apply for early SS taking the 2/1 hit and w/d $6k a year from the $120k IRA.

He would still be contributing to SS (and isn't the 2/1 factored back in for later SS payments?) while maximizing current income. Which he might very well need depending on his financial circumstances. That $20k extra might be the difference in making it vs declaring bankruptcy.

Last edited by Weichert; 03-21-2015 at 08:53 PM..
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Old 03-22-2015, 10:51 AM
 
Location: Pennsylvania
12,562 posts, read 4,247,853 times
Reputation: 9898
Quote:
Originally Posted by ILoveLidoBeach View Post
The government is going to concussion summit's for the NFL to discuss helmets and yet we have people who are 50 yrs old being targeted by employers. It's a disgrace.

Employers will start serving up bad reviews each time they have a review until they have enough to fire them so they can hire in the new grads and save money.

Where is the goverment? Where are the Unions?
Where is the government? Hopefully FAR away!!!!
These guys have 18 trillion in debt to deal with and enough problems with the borders, ISIS, and probably 8 other things.

Please.
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Old 03-22-2015, 10:57 AM
 
Location: SW Florida
9,766 posts, read 7,052,411 times
Reputation: 14300
Quote:
Originally Posted by LauraC View Post
Do jobs exist for self-employed shoppers? I'd pay someone to do my shopping for me. It's hard for me to lug groceries these days. There has to be more like me.

Please don't tell me "young people" are job eager beavers. This winter when we had a lot of snow all over the country, how many lazy ass high school, junior high school or college students came to your door looking to shovel your driveway or dig your car out to make some money? I had a big fat ZERO knock on my door. It's not like they were in school, either.
I'd hope this isn't widespread, but there are reports in at least one area in NJ where such enterprising kids would be required to obtain permits for shoveling their neighbors' snow- at least if they want to be paid for it, apparently a permit isn't required if they do it for free.


Snow Job: Cops tell New Jersey teens to stop door-to-door shoveling offer - CBS News

This might tend to discourage kids from setting up that door to door snow shoveling business. Or lawn mowing, even lemonade stands, when you think about it.
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Old 03-22-2015, 11:19 AM
 
Location: Pennsylvania
12,562 posts, read 4,247,853 times
Reputation: 9898
Quote:
Originally Posted by Travelassie View Post
I'd hope this isn't widespread, but there are reports in at least one area in NJ where such enterprising kids would be required to obtain permits for shoveling their neighbors' snow- at least if they want to be paid for it, apparently a permit isn't required if they do it for free.


Snow Job: Cops tell New Jersey teens to stop door-to-door shoveling offer - CBS News

This might tend to discourage kids from setting up that door to door snow shoveling business. Or lawn mowing, even lemonade stands, when you think about it.
One of the big things that is wrong with this country today. Overbearing and overreaching government, laws, and regulations. And a LACK OF COMMON SENSE.
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