Tag Archives: the freelance life

Retirement: Small Change for a Freelancer

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When I retire – very soon now – it will make very little change in my life as a freelancer.

I’ll still be able to write my blogs and articles for support groups, which pay nothing, but allow me to stretch my writing muscles and speak about issues that I care about.

Nor will it be “small change” in the sense of being very little money. I worked enough years in Corporate America (editing, writing, and proofing) with freelance writing as my side gig to have made my 35 years of higher income. Even my first dozen years as a full-time freelancer went well enough to make a contribution to my accumulated earnings. The amount I’ll be receiving will be enough to pay the mortgage. My husband’s income will pay the other bills if we’re careful. (And don’t think he isn’t jealous that I can retire soon and he has to wait a few more years.)

No, the small change will be that I will have a steady income while still pursuing freelance work. And that will be sweet.

For while freelance work has fallen off for me of late, it hasn’t disappeared completely. I still write occasional articles or stories for paying markets and am working on a novel and a memoir. (Who isn’t?) And I’ve recently picked up a gig as a transcriptionist and proofreader.

The point is, I’ll still be able to do freelance work – up to approximately $17,000 a year – without reducing my Social Security benefits. For me at least, that total will be a healthy sum. Not a stunning one, but healthy. (And if my mystery novel takes off, who knows?)

So what is the small change I mentioned in the title? A steady income. We all know the ups and downs of freelance life and lately I’ve come to hate them. It’s not an adventure, I don’t know where the next check is coming from, and at this point in my life I need to. A steady income combined with the ability to keep freelancing will bring some much-needed balance into my life.

It’s kind of like when I worked 9-5 and freelanced as a side-gig. The difference is that the steady income will come not from work that I’m doing, but from work that I’ve already done. That Social Security money is mine. It was merely lent to the government to invest in whatever they wanted and to pay for things I don’t necessarily approve of.

Now they have to give it back. (At least until and unless they gut the fund to do away with Social Security or do something else I won’t like. Then I’ll get to be the boomer version of a Gray Panther and write in protest of their actions.)

And with that steady money coming back to me, I will have a cushion and an opportunity to concentrate more on my freelance writing (transcribing, editing, proofing, blogging, writing my novel, whatever) – the freedom of the freelance life without many of the hassles.

I’ve checked with my accountant and we concur. Even my husband agrees.

I’d be a fool not to do it.