4 Benefits of Freelance Writing

At one time, way back in the day, going to work literally meant just that – going to work. You would leave your home, and go into the workplace to do the job. Then, you would wind up your work for the day and go home.

Today, this is not quite the case. Well, most jobs still do require going in to work. However, these days there are many different approaches to making money that involve not going in to the office. One is simply having flexible work policies in the actual workplace. In other words, some companies might be okay with workers working not only flexible hours, but also working from home on occasions. For some people, the ability to work from home much of the time is actually a possibility with their jobs.

The other aspect of not going into the office is if your job has no office. Yes, some jobs are simply location-independent and don’t require going anywhere. For such people having such a job, this might actually mean working from home and not ever getting a sideways look from their boss.

An example of such a job is that of a writer. In my case, while this is not a full-time job, I do write from home and manage this blog while earning something in the process. It’s fun, and works for me as I discuss something that’s a real passion for me: personal finance.

For other people, writing skills can be employed in a different way: being a freelance writer. At thepensters.com there is information on freelance writing, and how to become one.

As I see it, there are some potential benefits to freelance writing. Here are 4:

  1. Set your workload. With a typical job that most of us have, you don’t set your own workload. The job itself entails a certain level of responsibility, number of projects, and overall level of effort.   With freelance writing, it could be possible to work to the level of effort you want to.
  2. Set your schedule. Working 8am to 5pm, or some other similar structured schedule, is not something everyone wants. For those who prefer a different schedule, doing freelance writing can potentially work out well in that regard. Instead of working during structured hours, perhaps you could write early in the morning or even later at night when the kids are asleep. You choose your hours!
  3. Work from the location of your choice. Want to stay at home and work, instead of going into the office? Or, would you like to work at home for a while, and maybe a coffee shop sometimes? Going further, would you like to be location-independent and work anywhere you want to do so? Freelance writing just might allow you to have that opportunity.
  4. Enjoy your love of writing – and get paid! Many people enjoy writing, but don’t get the opportunity to do so very much in day-to-day life. With freelance writing, an opportunity to do so is provided, with compensation in return too!

Overall, it can be worth considering that content is becoming quite popular, and a viable way to market products and reach an audience or customers. Along those lines, freelance writing can be viable way for some people to make money with flexible work arrangements – which can work quite well for many folks!

Best Networking Success Tip for Your Career and Income

best networking tipWhen it comes to successful career moves, it’s often said that networking can make a big difference. Some might say that who you know is more important than what you know.

While I don’t think that universally applies to all situations (after all, a shy introverted medical school graduate is more qualified to be a doctor than an extroverted, well-connected MBA), it can be very important in a lot of situations. Ultimately, it can make the difference between successfully reaching a goal or coming up short in many other cases.

I’m not talking about schmoozing, or being a fake. We all know those types! I simply chuckle at such characters, and have seen some attempts to “network” that were so blatantly disingenuous that they became funny stories to tell others. Perhaps that’s for another post :)

But real, genuine networking matters.

Let’s consider an example. If you interviewed a number of candidates for a job, and were down to two finalists that were well qualified, who would you go with? If one candidate was friends with someone you know, who could vouch for the person, it would be an edge over the other equally qualified you have no direct or indirect connection to. After all, some of your risk might be mitigated by a reference from someone you know.

In many other cases, jobs aren’t even actively advertised. Or, in non-corporate situations, many business opportunities simply aren’t posted anywhere. Who you know matters, in order to even have a chance in many situations.

Okay, so we can see that networking matters. But what are some tips for success?

Well, many of us probably have our own tips. Personally, going through job search mode of late, I’ve improved upon my previous skill level, and would like to think I’ve evolved in this regard. Many years ago I simply had very little interest in investing time in this area, as I thought day-to-day life was busy enough. But the reality is that it should be a part of everyone’s career or business, and time could even be set aside for it on a regular basis.

So here is one big networking tip that I’ll share, from personal experience. Others may say differently, but this is what I have learned. Maybe I’ll start up some more discussion on this in a future post, but we’ll start with this one here

Be a Giver When Networking

One of my friends once told me that networking is a “waste of time” in his opinion, since he thought it was insincere. He expressed the belief that nobody is going to be proactively trying to help you – or sincerely respond to requests for help – if there is nothing in it for them.

Well, I think a good way to alleviate those concerned is to have a giving spirt when networking. Actually, having that approach all the time, not just when you need something, is the way to go.

Let’s say that someone you know had been generous to you on multiple occasions over the years, proactively helping you with various things. It might be introducing you to someone, sharing information with you, or one of many other giving actions. Then, after adding value to your endeavors for a while, let’s say that this person asked you for a small favor.

Wouldn’t you be much more inclined to help this person? Maybe enthusiastically, too?

This 4 step process can be one way to frame it up:

  1. Know
  2. Like
  3. Trust
  4. Help (or refer, buy, etc.)

If you’re trusted by virtue of your delivering real value in a genuine way, you’re in better position to have positives come your way.

I’m not saying we ought to be giving strictly just to get something back in the future. Or, be nice and build credit just to collect later. Rather, it seems like being giving is just a good way to be.

Further, doing it without consciously thinking about specific return on invested favors (did we just coin a new metric here?) is easier all around for everyone involved

Not all of this came naturally to me. It’s an approach I’ve had to develop, but I can see it’s making a positive difference!

Now, I’m interested in your thoughts on this topic.

Do you actively network for your career, business, or general efforts to earn income?

What is your top networking tip?

Do you also believe that proactively giving is a good use of time? I’m of course open to hearing different points of view, so please feel free to share.

Why You Should Consider Negotiating Your Starting Salary

negotiate job offerSo, you’re about to start a new position. You’re all excited about it, and you should be! Landing a new job, one that will be great for your career as well as taking care of your family, is something to be proud of.

The job is what you want, it’s a great fit for you, and you can’t wait to get started on this new journey. All is good, except there’s one catch: the starting salary is lower than what you want.

What should you do?

You could jump at the chance to take the job, and believe that your future success will allow you to make up that difference through your strong performance. Confidence is good!

Or, you could take a moment to negotiate to make sure you get closer to the salary that you really want. You’ll still succeed on the job, but you’ll be at a more appropriate level of compensation. That is, based on your own perception of it. But regardless, the bottom line is that you’ll have more money in your pocket.

Why Don’t People Negotiate?

I suspect that there are a variety of reasons for this. Here are three that come to mind:

  1. Fear of negotiating. Some people simply don’t feel comfortable negotiating for anything. Whether it’s bargaining for a car, buying something off craigslist, or even something involving a small expense – negotiating is a problem for some.
  2. Fear of losing the offer. Now, I can’t speak for how this might technically work, but maybe some people are afraid that if they come back and try to negotiate, the offer might be rescinded.
  3. Fear of losing the “honeymoon period”. Perhaps the worry is not that the offer could be rescinded, but it could make it hard to start the job on the right foot in good graces.

Why Starting Salary is Important

Now, it’s certainly understandable that many people might be leery of negotiating that salary. However, it’s good to run the numbers to see why it matters.

Let’s say that you can negotiate just $1,500 more in terms of annual salary. Just for sake of example, let’s say this means you’ll keep $1,000 extra after taxes. If you don’t change your spending habits, that is!

  1. Compounding. If you just take that $1,000 and invest it over 30 years with an 8% annual return, you’ll have $10,000! That’s a pretty significant difference if you take a long-term view.
  2. Future Salary Increases. Keep in mind that future salary increases are calculated, quite often, as a percentage of your current base. For example, let’s say someone has a nice $100,000 salary (just for a simple round number). A 3% increase means the new salary would be $103,000. A $101,500 salary with that same percentage increase would result in a new salary of $104,545. Subsequent years would see increases on an ever-growing base.

Bottom Line: As you can envision, the long-term value of getting started with a higher salary can add up. It’s worth considering these benefits while you’re spending time thinking about your reservations about negotiating. Every situation is different, but whatever you decide, at least make your choice of what action to take based on not just those risks, but on the upside as well!

My Questions for You

How would you approach negotiating your salary with a job offer?

Do you think the benefits could outweigh the risks, or vice-versa?

3 Tips on Networking for Career Success

networking for career successWhen it comes to building wealth, there are some clear steps we can take. In my view, it can often be boiled down to this:

  1. Make Money
  2. Save Money
  3. Invest Money
  4. Manage Risks

It makes sense when you think about it. We must first make money, as it’s hard to accumulate wealth without income. Then, we must save a portion of it. Then, we need to make sure that what we have saved earns a good rate of return. Pulling this together, we need to manage our risks along the way.

I’ve written about this framework in my post on key personal finance questions we should be asking ourselves. As I think about it more, it’s probably worth thinking about these areas a little bit more. Let’s focus on the first area, making money.

Specifically, as we make money, I’ve found that it’s often who you know that matters as much as what you know. Sounds crazy, but it can be true in so many cases. Along those lines, it’s never been more important to network for career success.

I’m certainly no expert, as this is something that didn’t come naturally to me at all.  I’m continually working on it, to be fair.  However, I’ve learned that it’s an important part of accomplishing your goals. In our careers, it can really help to embrace networking. After all, if it can help us make more money, it can help us with our efforts to grow net worth.

Here are 3 tips on networking for career success:

Consciously think about giving first, even without direct expectation of getting something back

Some of the best networkers that I’ve met and who immediately come to mind are those that simply gave tips and leads without necessarily expecting something back in a “quid pro quo” manner.

The great thing is that it often doesn’t cost much to give. While we have limited time and money, sometimes giving to others requires very little of us and can help someone else in a big way.

The thing is, even if we don’t expect something back right away, it can come back to us. I find that the more expansive I have been with reaching out with ideas or help, the more I actually get something back without asking. It’s a high ROI for everyone, without really even trying for it.

Build your network before you need it

When someone launches a business, or starts looking for a job, one of the things they might want to do is “network”. Which is great! But I’ve found that it’s better to always be building your network so that it’s there before you need it.

Having been a part of a prior layoff, I realized that it would have been great at the time to have really paid attention to my network. It’s kind of awkward to get in touch with people you haven’t talked to in years, clearly doing so for your immediate need. Of course that shouldn’t stop you, but believe me it’s better to have paid close attention to everyone before you needed help.

You can network with anyone

It’s not just the people “higher up” in companies that you should get to know. Rather, it can be a good thing to simply connect with anyone interesting.

I don’t know about you, but I enjoy meeting different people from various walks of life. Friends can come from anywhere, and “networking” doesn’t have to be done with focus on their careers. Of course, all the while they might know someone anyway.

Really, I think it’s sometimes friends and those closest to you who are often one or two degrees of separation away from someone who can help you. You know, the LinkedIn concept : )

Speaking of which, while I have quite a few LinkedIn connections, just seeing that total number add up doesn’t really mean much in terms of networking.  Maybe I’m wrong, but actually being active and helping each other is what it’s about!

My Questions for You

Do you consider networking an important part of career success?

If yes, how do you approach it?

If no, what are your reservations?

When You’re Finished Changing, You’re Finished

when you're finished changing you're finishedIt’s taken some work for me to be able to embrace change.

Naturally, I think I was wired to value consistency.  Meaning, being inclined to value security and stability with income, relationships, health, surroundings, etc.   The more things around me were stable, the more I would feel in control.

As I’ve gotten older, I realize that there is simply an element of unpredictability in things.  As much as we would like to plan out everything to a high degree, things don’t always go according to plan.  Sometimes that’s because we don’t do the necessary things to reach goals that we have set, but other times it’s because things outside our direct control may have changed.

I’ve been thinking about this because many of us are eagerly working on our brand new goals for the new year, which have just been set.  Some of them are quantifiable and specific, which is great! Admittedly, I do this too and really enjoy doing so.  It’s fun to set ambitious targets and then actively work toward them.

That being said, we have to remain flexible and adaptable.  Not only for the new year, but just in general.  Things are always changing, and it’s great to be able to recognize this and embrace the reality of it.

I’ve seen people encounter different types of change over the years, with varied reactions.  Some embraced and accepted change, while others didn’t.  Seeing how those who were able to adapt went on to more success – financial and otherwise – makes me further appreciate this saying that’s supposedly to have originated from Ben Franklin

“When you’re finished changing, you’re finished”

Here are some examples of change that I’ve seen people encounter.  Some took a positive approach to change, and others didn’t.

Changing Economy

When I was in high school way back when, most of the people were on the college track.  However, some people thought that it would be no problem to work in a factory as labor, since this is what many people in their families had done.  This was the approach despite the macro-level evidence that we were going away from a manufacturing/heavy industry economy.

I ran into one such guy about a decade after graduation, a guy who was a stud athlete who could probably bench press 350 pounds back in the day.  We chatted for a short while, talked about a few people we graduated with and caught up in general.  He seemed down about his work situation and career, which was basically a labor-intensive manufacturing job.  It seemed like he couldn’t adapt, and a guy with a lot going for him was stagnant as a result.

On the other hand, I’ve known a few others who have changed and retrained as market demand evolved.  One guy went from hard-core labor work in a dying industry to becoming an IT professional carving out a very nice living for himself.  By being willing to totally drop the vocation that he had – which was likely what his father and grandfather had too – he adapted to the situation.

Changing Work Environment

Sometimes life can throw you a curveball.  Two people I know dealt with situations where they had a new boss.  They were in different companies, but things turned out differently for each anyway.

One guy ended up reporting into a new boss who was previously a peer.  This guy felt that he was smarter than the former peer/new boss, and apparently that feeling was given off back when they were at the same level.  He had difficulty accepting that he was now lower on the organizational chart than that other guy.

A good move might have been to accept reality and deal with the new situation.  If this was a big problem, then find another job ASAP.  But that’s not what he did.  Ultimately, he left the company involuntarily and he ended up relocating to a different part of the country.

Another guy I know was in a situation where he was brought into a job based on a friendship he had with the hiring manager.  The guy wasn’t qualified for the job, and this was apparent to most people working for him and with him as peers.  Fair or not, this does happen.  People get jobs sometimes based on who they know.

Anyway, when his friend – the boss – ended up getting a promotional opportunity in a different department, this guy was left vulnerable.  After all, it was known he wasn’t very good (nor was he easy to work with), and now didn’t have his protector at his side.  Smartly, he adapted and found a new job with another company within a matter of months.

Amazingly, the job seemed like a step up! I don’t know what happened to the guy after that, and he may have simply risen way beyond his level of incompetence.  Regardless though, he was resilient enough to adapt.  Thus, he accepted change and made the most of it.

Bottom Line:  Accepting change, embracing it, and working on it proactively can help us prosper.  Actually, it can protect us.  Going back to the notion of security, maybe the way to financial security is by taking the path of change.

My Questions for You

Are you naturally inclined to embrace change, or is it something that you have had to work on?

Have you observed examples of people embracing change well? Or, not so well?




In a Shrinking World, You Need to Outhustle the Competition!

what_can_you_get_for_$5_When it comes to money, there are two sides of the coin.

Literally, there really are two sides!  Yeah, you know that already.  What I mean there are often two sides to things when it comes to money topics.


  • Some people are savers and believe in total responsibility, while others are spenders and want to enjoy every minute
  • If you spend money your net worth decreases, but another person’s net worth will increase
  • Working long hours might result in a raise, but will cost you precious time, energy, and maybe sleep
  • There are times to be patient with money, and times to have a sense of urgency (patient = not panicking with stocks; urgency = saving for retirement)

This all came to mind (eventually) after I checked out some of the things people can buy for $5.  If you have never checked out Fiverr, you just might be surprised and even entertained by what people are offering for $5.  Here is a sampling of what I saw in a quick 2 minute search:

  • Holding up a sign with a “cute” look
  • Sing a punk rock happy birthday to you
  • Create a cartoon character from a photo
  • 15 minutes of Mandarin Chinese instruction
  • Create a blog headers
  • Record a professional voiceover
  • Illustrate a book cover
  • Record a birthday party invitation video
  • Write a marketing message on her lips – see picture above :)

Consumer Viewpoint

Personally, I think this all pretty cool.  There are people all over the world that are willing and able to do all kinds of creative projects for a very reasonable $5 fee.    Just go online, and within 10 minutes you could order something like this.  Within a few days most likely, the project will be done.  Very little time or money invested on your part!

I’ve gotten just a few random tech-related things done for $5 in the past, and they were really well done.  That was a huge plus for someone looking at it from the perspective of the customer, and I totally respect those who provide such work.

Takeaway: there is a lot that can be accomplished for very little investment, with the advent of a global market!

Worker Viewpoint

Well, I’m guessing that if someone is living in a place with either very low cost of living, or where there might not be as many opportunities at hand, it could work out well.  That’s cool!

That being said, it’s also worth paying attention to how a global market can open up the market for things at a low price.

Sure, maybe you aren’t singing birthday songs for a living.  But perhaps your work – or that of someone you know – could be done easily by someone else for a much lower price.   Someone who won’t ask for nearly the amount of money that a person here in the U.S. would for the same work.  Offshoring work isn’t exactly a new thing, and it seems (anecdotally) to be increasing on a macro level.

At the recent FinCon (Financial Blogger Conference), I had a few conversations with fellow bloggers about virtual assistants.  I don’t have one, and therefore it was quite eye-opening to find out how little some people were paying for a VA that did a ton of work.

Really, that concept goes back to the notion of supply and demand when making money that I talked about recently.   We aren’t entitled to make a certain amount of money now or at any time based on our education, where we live, who we are, etc.  Dang, I wish I could look at things the other way as it would make life so much easier!  But, it’s better to be real.  And I think that reality is that the world and employment market seem to be evolving at an ever-increasing rate of change.

It’s best to adapt, hustle, and always work to differentiate ourselves by adding value.  Also, young people should invest wisely in an education that will help increase wealth.   That’s an investment in a career, and having high earning power is a tremendous “asset” by itself.

After all, there are plenty of hungry, bright, motivated people in different corners of the world who are hustling for a lot less money, and more accessible than ever.  That being said, education alone won’t necessarily insulate someone from changing market dynamics.  It’s important to embrace life-long learning to keep up, before even getting ahead in your career.

Takeaway:   $5 gigs are a lot better when you’re paying for them, as opposed to being boxed into doing them!

My Questions for You

Have you ever  outsourced, and gotten something really useful or cool at a great value?  Feel free to share any success stories.

As a wage earner, have you given thought to the implications of the world “shrinking”?  By this, I mean in terms of the ability of employers to find much cheaper alternatives based elsewhere?


Speaking Up in Meetings or Class is Important!

When I was in college, back in my undergraduate days, I have to say that I was a pretty good student!  In some classes that were important to my major or ones in which I happened to really like the subject, I might speak up or ask a question here or there.  That said, I wasn’t particularly interested in speaking up in class just to do it.  Like many students, I attended class to get valuable information that might be on tests, and that was about it.

Fast forward to graduate school, where I was super motivated to do well while getting an MBA.  In this case, I usually soaked up as much information as I could in class.  My approach started out the same as it was during undergrad days, but I was even more motivated.   Yet, I still wasn’t consciously thinking of the need to speak up in class.

Then, I came to fully realize how the class grades would really be administered.  25% of the class grade was based on class participation!

At the time, I found it to be absolutely baffling.  My entire life, grades were based on tests, homework, and projects.  I’d never experienced a situation where grades could actually be determined by simply the quantity and quality of your comments in class.  But here it was, clearly spelled out to us: speaking up is important. So do it.

It took me a long while to adjust to this, and at the time, I really thought it was ridiculous.  Grades should be based on what you know, not based on how you talk! That was my mindset, but of course I had to go along with the setup and force myself to speak up in order to help my grade.

Let’s fast forward again to the working world.  Years later, I get it.  I now agree that academic success and grades shouldn’t be strictly based on how well you do homework or projects, or how hard you study for tests.  Those things are very important, but it’s important to also be able to speak up and communicate your knowledge confidently, since that’s how things work in the real world.

This can be important in terms of public speaking skills and your career.  But it matters in meetings too.  If you’re in a meeting, and you don’t speak up, you’re simply not adding value.  If you don’t say anything, it can be implied that you don’t know anything about the matter at hand. Or, you’re not interested.

It’s one of those things that I think can hold true in the workplace, and life in general.  Sometimes, perception is reality.  Fair or not, it’s the way it is!

I now get the value of the 25% weighting of the class grade coming from class participation.  I didn’t get it back then, but years later I do now.  Learn how to speak up in meetings, and make sure to do it!

My Questions for You

Do you think it’s important to be able to speak up and make your presence felt at work?

Have you seen instances of this helping someone, or the opposite – where someone didn’t speak up and it negatively impacted them?

Do you have any tips on how to succeed with this?


Do You Hoard Vacation Days?

Some of us who are savers tend to have the mentality of putting away money for the proverbial rainy day.  Obviously, having a blogVacation header with the words “Squirrel Away Your Money”, I’m one of those people. 

There’s something about peace of mind, knowing that you’re helping to take care of your needs in the future. I’ve talked before about financial motivation, and for me it’s to some degree about making sure that I’m not old and needing money.  Better to err on the side of comfort in old age versus when younger, a time when it’s easier to do without certain things.

Speaking of taking care of future needs, I tend to keep a similar mindset when it comes to vacation days.  You know, when we work so hard, it’s good to take those days off to recharge.  I really think that consistently working long hours can be unhealthy, so for health’s sake it’s smart to disengage and chill.  Plus, we all want to have more time to spend with family or simply just travel and have fun, depending on where we are in life.  All work and no play is no fun!

So, I do value vacation days.  I’m fine with what I currently get, though in terms of vacation days by country, the U.S. and Canada tend to trail developed countries in the word.  We’re not lazy here.  We probably work harder than we give ourselves credit for. 

This is why I tend to carefully manage my vacation days.  They’re important.  In terms of needing days off for family, getting personal things done (doctor, etc), and taking time off to visit people, there aren’t a ton of days available to do everything you want to do.  Not to mention that unwinding and relaxing that I mentioned above, which is so important for us.

Here is my pattern: I’ll take very few days at the beginning of the year, maybe 1 or two in the first 6 months.  Then, I’ll take 4 days in the summer, to coincide with the 4th of July week. Kids aren’t in school, and with the national holiday, I can have the week off with just 4 (or sometimes 3) days off actually used.  Then, I’ll back-load the latter part of the year with more days off.

It’s almost like delayed gratification, and saving money so that I can pay the price first and relax later.  There’s something about having peace of mind knowing that you can get through the hard work, to get to your “reward” later in the year.

If we could figure out a way to earn “interest” on those days off that are saved much of the year, that would be even better :)

My Questions for You

How do you handle your vacation days?

Do you allocate them evenly though the year, or do you save them for any particular time period?

Do you feel like we get enough days off here in the U.S. and Canada, or are we an overworked society?

If You Plan to Work Until Old Age, Change Your Plan

Over the last few years, I’ve read a ton of articles related to personal finance.  Actually, I’ve written quite a few articles as well, so clearly this is a topic that captivates me.  Most of it is quite interesting to me: the math behind it, and the strategies that can be taken on to both make, save, and protect money.

What’s also interesting is the psychological part of it, in terms of how we view money.  Some people are inherently afraid of losing money, and pinch pennies to the extreme.  Others are simply obsessed with materialism, and just love spending without worry for the future.  One group that interests me is the set of folks that fully expect to work until well past 65.

Now, if someone is 60, for example, I would believe them if they say they expect to keep working.  They would probably know defnitively if they were in financial trouble, and would have a good sense of what their general health would be like at the time.  One would think, anyway. Or at least hope.  The fear of having to work in old age is huge financial motivation for me, to get me to save. 

However, if somebody 35 said that they plan to work until old age, I would wonder what would make them so confident in being able to do so.  Perhaps it’s that it seems so hard to relate to what it would be like to be older?

The best way to handle this potential blind spot for many of us is to simply look around at people of that age.  Some, happily, are very successful and doing some amazing things in the world.  We have had presidents over that age here in the U.S., and in recent years have had serious presidential candidates in that age group as well.  However, that’s not exactly the norm.

Look at people you know.  I know friends whose parents died in that age group.  Others simply pass due to unexpected illnesses.  Beyond that though, many people come up with all kinds of health issues.  Even if there are no major issues, there might be some minor problems or – if nothing else – a lot of aches and pains that didn’t occur in one’s 20’s.  I’m not of that age, so I can’t speak from personal experience of course, but I just think that the life experience of people can be different at various stages in life.

So, why would anyone expect to be able to work until later in life? Confidence, as a part of a very positive attitude? Naivete? Evidence that if some people can do it, why can’t anyone do it?  I don’t know.

There is also the issue of ageism in the work force.  Look at many corporate-type jobs out there, and try to assess the percentage of workers that are in each age bracket: 20’s, 30’s, 40’s, 50’s, and 60’s.  Personally, I see that the younger decades tend to be a bigger portion of the workforce.  Also, when looking at new hires, how many are younger versus older? Think about what you tend to see.

I would say the safe bet is to assume that we will be unable to work in old age, perhaps unable to find work, or maybe really not wanting to spend our time needing to work.  Plan on saving for being out of the workforce out at a certain age well before 60, and then not having a job for many years while you live a longer lifespan than prior generations. 

If we are lucky enough to have an opportunity to work while in that age group, and enjoy what you could do, then working because you want to is a different story.  But planning on working because you think you’ll have to, and banking on that income to support us then, seems very risky to me. 

Best to plan for what might seem like the unexpected, and set a target date for retirement savings which is much earlier than standard ages.  Then, save and invest accordingly :)

My Questions for You

What do you think about the notion of people planning to work until later in life?

Does this bother you or cause any concern?

At what age are you targeting to be out of the workforce – by choice or force?