Jobs

The Best High Paying Low-Stress Jobs for Retired People

Did you know that in 2020 more Americans are likely to work after the age of 65 than they did a few years ago?

A report by United Income states that “over 20 percent of Americans aged 65 or older are working or looking for work”. A major chunk of those who are looking to or already are working after the standard retirement age are well educated and have a college degree. 

Unlike the blue-collar workers, the people in this group wish to continue working even when others have decided to hang their shoes. This post is intended to share with you some high paying low-stress jobs for retired people. 

Here Are the Best High Paying Low-Stress Jobs for Retired People

1) Driver

There are no restrictions in the United States when it comes to getting a driving license at old age. As long you can pass the hearing and eye test, and have a medical certificate from a qualified doctor, you can apply for a driver’s license. 

Although, if you are considering this lucrative profession, I am guessing you already have a driver’s license. Cab companies like Uber and Lyft are offering great opportunities to earn money for retired drivers. Most importantly, you don’t need to be educated to do this job.

2) Work as a Consultant

Instead of investing your hard-earned money in a risky-business move, it would be a great idea to start a small consulting firm. A consultant is a self-employed person who uses his expertise and in-depth knowledge in a particular field to help other businesses who need it. You can either work part-time for an employer or have multiple clients and set your own schedule. 

3) Substitute Teacher

Do you have a college degree in the subject you wish to teach? Are you willing to put some effort to get a substitute teaching license? To be perfectly honest, becoming a substitute teacher is not that difficult if you have the credentials for it. A lot of full-time teachers are forced to take an unexpected leave– due to numerous reasons. This is where you can grab the opportunity.

4) Invest Your Money in a Brick and Mortar Retail Store

Entrepreneur magazine predicts that it would take approximately $2000 to $50,000 to open your own brick and mortar retail store. Unlike an online store, running a physical store requires a lot of funding, but the rewards are immeasurable. 

Plus, you don’t have to invest your entire savings in this venture. The biggest benefit of running a retail store is, it is low-risk. If things don’t go as planned, you can always sell off the inventory.

5) Sales Associate at a Retail Store

If investing money in a brick and mortar is not your cup of tea and you still wish to work in the retail industry, the role of a sales associate would suit perfectly to you. However, this job does not pay that well. You expect to earn approximately $35,954 a year.

Summary

These are the five best high paying and low-stress job options for an elderly person. As I stated in the above post, 20 percent of retirees usually look for a job after the age of 65. The majority of them are educated with a college degree. However, the jobs I have listed above (except that of a substitute teacher) do not require a college degree.