Living as a senior citizen is not easy. It’s never been easy but these days its even worse. It can be terrifying when you are on a fixed income without a reliable way of getting more money. It’s no surprise that many seniors are seeking some form of senior assistance.
The good news is that there are some assistance programs available for seniors. The next post I will discuss some of the specific senior assistance programs that are currently available in the United States and Canada.
Assistance can be classified into a few different categories. You can get some sort of monetary assistance. This can take the form of some sort of welfare program, loan, grant, or even a scholarship. Monetary assistance can be either a gift (grant) which will not require repayment or some sort of loan which does require payment in time.
There are also other assistance programs that aim to help people help themselves. These programs are often the best in the long run because they aim to give people the skills and ability to fix their own problems in the long run. Such assistance might be available in the form of schooling to teach job-ready skills or even direct job assistance programs that help people find jobs.
If you want to get help as a senior, you are going to have to look at all the assistance programs available and decide which is best for your needs.
The economy has forced many seniors to come out of retirement and start working again. Indeed, this may be the right choice for you. While the thought of another 10 years of work might scare more than a few seniors, such a thing should be considered if you are a fairly young senior. If you are in your 60’s, it is possible that you can still get a job. There are job training programs for seniors that can assistance seniors to get jobs. There are also agencies that can directly find temporary work for people looking for that work.
If you are too old to work (in your late 70, 80’s or you have health problems) then working another few years to restore your 401k might not be possible. You might want to look to see what sort of welfare or senior financial assistance programs you can look at.
You also want to look at controlling your budget. If you tinker with the way you live, you might be able to spend less money and thereby avoid having to work.