Ben Reppond

Ben Reppond

Retiring in the Gig Economy

A gig economy is an environment in which temporary positions are common, and organizations contract with independent workers for short-term engagements. The workplace and many jobs are moving into the gig economy.  In this digital age, the workforce is increasingly mobile and work can be done from anywhere, giving workers the flexibility and lifestyle they desire.

Working in the Gig Economy

In a recent Harvard Business Review article entitled, Thriving in the Gig Economy, the authors point out that gig workers “cultivate four types of connections — to place, routines, purpose, and people — that help them endure the emotional ups and downs of their work and gain energy and inspiration from their freedom.”

Younger workers are demanding more work flexibility to fit their lifestyle choices and older workers are working longer or seek to supplement their retirement incomes.  Employers who adapt to the changing dynamics among workers will be more able to fill jobs with needed workers.

Retiring in the Gig Economy

According to NPR, “within a decade, contractors and freelancers could make up half of the American workforce. Workers across all industries and at all professional levels will be touched by the movement toward independent work — one without the constraints, or benefits, of full-time employment.”

Many gig economy jobs are available to retirees who want to work longer or supplement their retirement income.  According to Kiplinger, “older adults are driving for Uber, renting out their spare rooms or vacation homes to travelers through Airbnb, or pet-sitting. More than 400,000 seniors are now doing gig work through such online platforms.”

Statistics That Explain the Gig Economy

Resources for the Gig Economy

Retirement is different for many people today than in previous generations.  Many are finding gigs that fit their lifestyle and use their experience and talents.

 

Ben Reppond is CEO and Investment Manager of Reppond Investments. Reppond Investments, Inc. is a registered investment adviser. We may not transact business in any state where we are not appropriately registered, excluded or exempted from registration. Individual responses to persons that involve either the effecting of transactions in securities or the rendering of personalized investment advice for compensation will not be made without registration or exemption.

Investment Advisory Services offered through Reppond Investments, Inc.

Ben Reppond may be contacted by email at ben@reppondinvestments.com or (406) 871-3321.

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Retiring in the Gig Economy

A gig economy is an environment in which temporary positions are common, and organizations contract with independent workers for short-term engagements. …

Read More