More and more Boomers face the work-life dilemma as they age. While there is no single perfect solution for everyone, an attractive option may be freelancing. This type of contract or hourly work used to be reserved for writers, designers, photographers and other creative types, but today, freelancing has a much broader definition. That's because the "gig economy" is thriving, so it is possible to freelance in just about any field. A recent study indicates that as much as 35 percent of the American population freelances, and more than half of them (51 percent) prefer freelancing to a traditional job, stating that "no amount of money" would make them switch. Another study puts the typical freelancer's hourly wage at $31 per hour -- but that can go much higher depending upon the market.
There was a time when Boomers only freelanced as "consultants" between jobs -- it was more of a pit stop along the way to "real" employment. Now, however, many Boomers are finding that freelance work can be personally and financially rewarding. It can provide you with a flexible work situation and decent income to supplement retirement savings.
Here are two helpful articles from The Balance that offer valuable information about freelancing:
"The Average Freelancer Salary in the U.S." - In this article, you'll find typical hourly and annual income figures for freelance positions in IT/Programming, Design and Multimedia, Writing and Translation, Sales and Marketing, Engineering and Manufacturing, Legal Services, and Administrative and Customer Support.
"Best Second Job Ideas" - While this article primarily addresses freelancing as a second job, it offers an excellent overview of the freelance and second job market. It also offers a comprehensive list of "best second jobs" in alphabetical order from A to Z. This list is a great idea starter if you are uncertain what type of freelance position you might want to seek.
In addition to the above articles, do a search on freelance jobs and you'll discover a wealth of resources available to you. Maybe freelancing is the work-life solution you are looking for.