Retiree Cents
Posted by Sheri Harris on Thursday, May 26, 2011
Under: Problems and Solutions
Problem
People over the age of 65 can find themselves out of work without job prospects due to their age. A person in this age category will attempt to find work but not be hired because employers are seeking younger people to do the work. Many argue that people of retirement age have health issues that could possibly prevent them from fulfilling a work schedule or doing certain tasks on a daily basis as would a younger person. When a person actually reaches that age health ailments often have them on a first name basis with the people they see so often. Although, they may not remember shooting marbles with them. At the same time, there are those that lose their marbles with all of the requests and demands retirees make upon people. Retirees are eligible for social security and lest we forget they were the ones who benefited from those defined benefit pension plans. As a result of this, there are some who are able to retire comfortably and those who cannot because their wages were too low which basically made them live a lot worse than they did before they retired. Should retirement always forecast "rainy days"? How can one save for those "days" of retirement if what they made to actually live on while they were working did not include the necessity of savings? Which means that savings or the act of saving money is not a luxury it has become a necessity. This is because once you are out of the job market structure due to age and without a defined benefit pension plan or enough of a social security payout, this will people from having money to support themselves. Isn't that why people work? Or has that concept gone awry with the invention of the wheel, in that the really bleak job market has created an environment such that people can not only work from home but they can seek entertainment from there as well. Retirement is for one to enjoy, relax, be useful and stay active. The problem here is that America has taken the "great outdoors" a bit too far. If you don't have enough to afford a place to stay and to buy food to eat then you will get plenty of sun by sitting and sleeping on benches and sidewalks in addition to activities of looking for free food. Thus, saving money on vitamin D and preventing other deficiencies that contribute to making one an "old timer" in the job market. If a person of retirement age can no longer earn an income, how do we produce a market of people that are useful and still provide them money for their assistance?
Solution
The volunteer giveback program. This program is designed to provide volunteers including retirees with tax credits for volunteering their time in any capacity including schools and businesses ect.. This tax credit will be refunded during tax time and will provide a person with extra money on their return. Many people love to work and help others, but with the cost of transportation, food ect. It makes it difficult to do those things without money. Companies and institutions look for volunteers because they cannot afford to pay salaries for the amount of people they need to hire, so volunteers are important to them. The volunteer giveback program can help. Once you volunteer your time to any eligible entity or place that uses volunteers you will be given a form that indicates how much of a tax credit you are entitled according to the amount of time and hours you have volunteered. This is for each tax year. There is no limit to the number of places you can be a volunteer at. Each place that you become a volunteer at must provide you with the appropriate volunteer form for tax purposes so that you and the IRS will know the amount of tax credit you are to recieve for every place you volunteered at. When you file your taxes, the amount is submitted for the volunteer giveback credit monies you are eligible for and you will recieve a refund included in your regular return or for some it could reduce the amount they may owe in taxes. Imagine making from $500 to $7,500 tax free as a retired volunteer. This money can go towards, food, repairs and even help with the rent. Retirement should not be a time for worry. You can keep those dentures, because now you have a reason to with the volunteer giveback program!
People over the age of 65 can find themselves out of work without job prospects due to their age. A person in this age category will attempt to find work but not be hired because employers are seeking younger people to do the work. Many argue that people of retirement age have health issues that could possibly prevent them from fulfilling a work schedule or doing certain tasks on a daily basis as would a younger person. When a person actually reaches that age health ailments often have them on a first name basis with the people they see so often. Although, they may not remember shooting marbles with them. At the same time, there are those that lose their marbles with all of the requests and demands retirees make upon people. Retirees are eligible for social security and lest we forget they were the ones who benefited from those defined benefit pension plans. As a result of this, there are some who are able to retire comfortably and those who cannot because their wages were too low which basically made them live a lot worse than they did before they retired. Should retirement always forecast "rainy days"? How can one save for those "days" of retirement if what they made to actually live on while they were working did not include the necessity of savings? Which means that savings or the act of saving money is not a luxury it has become a necessity. This is because once you are out of the job market structure due to age and without a defined benefit pension plan or enough of a social security payout, this will people from having money to support themselves. Isn't that why people work? Or has that concept gone awry with the invention of the wheel, in that the really bleak job market has created an environment such that people can not only work from home but they can seek entertainment from there as well. Retirement is for one to enjoy, relax, be useful and stay active. The problem here is that America has taken the "great outdoors" a bit too far. If you don't have enough to afford a place to stay and to buy food to eat then you will get plenty of sun by sitting and sleeping on benches and sidewalks in addition to activities of looking for free food. Thus, saving money on vitamin D and preventing other deficiencies that contribute to making one an "old timer" in the job market. If a person of retirement age can no longer earn an income, how do we produce a market of people that are useful and still provide them money for their assistance?
Solution
The volunteer giveback program. This program is designed to provide volunteers including retirees with tax credits for volunteering their time in any capacity including schools and businesses ect.. This tax credit will be refunded during tax time and will provide a person with extra money on their return. Many people love to work and help others, but with the cost of transportation, food ect. It makes it difficult to do those things without money. Companies and institutions look for volunteers because they cannot afford to pay salaries for the amount of people they need to hire, so volunteers are important to them. The volunteer giveback program can help. Once you volunteer your time to any eligible entity or place that uses volunteers you will be given a form that indicates how much of a tax credit you are entitled according to the amount of time and hours you have volunteered. This is for each tax year. There is no limit to the number of places you can be a volunteer at. Each place that you become a volunteer at must provide you with the appropriate volunteer form for tax purposes so that you and the IRS will know the amount of tax credit you are to recieve for every place you volunteered at. When you file your taxes, the amount is submitted for the volunteer giveback credit monies you are eligible for and you will recieve a refund included in your regular return or for some it could reduce the amount they may owe in taxes. Imagine making from $500 to $7,500 tax free as a retired volunteer. This money can go towards, food, repairs and even help with the rent. Retirement should not be a time for worry. You can keep those dentures, because now you have a reason to with the volunteer giveback program!