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Can a retiree work?

Posted by Gabriella Watkins on
Can a retiree work?

Working helps us to develop on a personal level and also brings us an economic benefit, and even so, most of us are already with our eyes set on retirement to finally be able to enjoy free time. However, not everyone faces this situation equally and there are those who have a retirement pension so low that they cannot make ends meet. This makes us doubt whether a retiree can work or whether collecting the pension is incompatible with work.

Can you be retired and work at the same time?

The answer is yes, but with some conditions . In fact, in our system we have several modalities that make it possible to make the collection of a public retirement pension compatible with salaried work.

Partial retirement

It implies a reduction in the working day of between 25% and 50% and partial access to retirement . In this way, you collect your salary from the company for the hours you continue to work and also the proportional part of your retirement pension.

Flexible retirement

In this case we find someone who has fully agreed to retirement but who then has the opportunity to work part time . What is done is proportionally reduce the pension depending on the hours that are being worked. In addition, the new contributions will serve to improve the pension once it is charged in full again.

Active retirement

This modality allows you to work on your own or someone else’s account and at the same time collect 50% of your pension amount . Of course, keep in mind that with active retirement, the contributions you make during this time will no longer be taken into account for the calculation of the total pension once you access it.

Retirement and self-employment

If you are already retired you can carry out an activity on your own if you register as a self-employed person . In this case, you make the payment of the pension compatible with what you earn with your job, but there is a limit, this compatibility is only possible if your annual income is not higher than the annual calculation of the average interprofessional salary .

In addition, you can also consider the possibility of retiring and continuing to run your business and earn money with it, but no longer working, but doing only the tasks of the owner of a business.

The compatibility between work and 100% of the pension

It is only possible to work and also collect the full retirement pension in the case of sporadic self-employed jobs and income does not exceed the minimum interprofessional salary in annual calculation . 

In this case, there is no obligation to contribute to Social Security, but retirees must comply with the tax obligations derived from the activity carried out, for example, paying VAT at the end of the quarter.

What happens if a retiree does jobs that are not compatible?

If there is no compatibility, the collection of the retirement pension is suspended , as well as the right of access to healthcare and pharmaceuticals as a pensioner. For its part, the employer is obliged to register the worker with Social Security and the new contributions will be taken into account when calculating the retirement pension that may correspond in the future.

You have already seen that in most cases a retired person can work and reconcile the collection of the pension with the collection of a salary. But if you do not want to extend your working life, it is best to do adequate financial planning now that you are on time, so that you can retire when you decide and make the collection of your public pension compatible with the savings you have achieved.…


Self-confidence, the key to a happier life

Posted by Gabriella Watkins on
Self-confidence, the key to a happier life

Self- confidence and self-esteem are fundamental in how we perceive our environment and face the good and bad things that happen to us. If there is a lack of confidence, our personal and professional potential can be limited.

The good thing is that you can work on your self-confidence and develop it to an optimal level. It is a skill that can be learned and trained , so don’t miss the keys we bring you today to feel better about yourself.

What does self confidence mean?

Trust is having the security or certainty that something is going to happen. When it comes to self-confidence, we are confident that we can achieve the goals that we have set for ourselves , be they larger or smaller.

For example, if you have to go to a job interview and you do not have enough confidence in yourself, it is possible that you transmit insecurity and that the person in charge of the recruitment notices it, which can cause you not to get the job. On the contrary, if you trust yourself and your ability to do the job they are offering, you may get the job.

Why do we feel lack of confidence in ourselves?

Psychology is a complex subject and there are many factors that can directly or indirectly influence our state of mind and our perception of ourselves, but we are going to highlight two.

First of all we have negative thoughts , those that creep into our head to tell us that we cannot do this or that thing, or that we are not good enough. We all have these types of thoughts, if we allow ourselves to be carried away by them, we lose confidence in ourselves.

Another factor is the preeminence of a pessimistic character . Just for wanting something you will not get it, but if from the first moment you boycott yourself thinking that you will not be able to get it, you will be discouraged and you will not try.

Does the economic situation affect self-confidence?

We do not have a culture that is firmly committed to financial education . Most adults have trouble understanding basic concepts like inflation or late payment interest. The result is that when we have to face making a decision related to finances, we feel a bit lost and do not trust our criteria .

And not only this, it is proven that if we go through a bad economic situation we are subjected to greater stress , which makes negative thoughts and pessimism take over our minds, preventing us from making good decisions and taking action to solve the problem.

Financial education, one of the keys to making confident decisions

As we pointed out before, financial education can be the best way for us to gain confidence in ourselves when it comes to financial matters. This way we will be able to make good decisions and do it on time , which can save us many sleepless nights by avoiding the appearance of serious financial problems.

As you have seen, financial well-being is a key factor in achieving confidence in yourself. Controlling your finances and having enough knowledge to make decisions with confidence will improve your self-esteem.

In addition, self-confidence also influences how others perceive us , being key in areas of life as important as professional life. Therefore, we invite you to work daily on trust, an issue that is of great importance.…