More and more retirees today are looking to stay employed part-time at the very least during their early retirement years. Additionally, an increasing number of retirees are reentering the workforce full time for one reason or another.
In today’s economic climate, many retirees are finding it difficult to maintain their previous lifestyle without working at least part-time during retirement.
More and more Americans are taking a different approach to retirement. Instead of playing golf in Florida, they are staying in their home-state and continuing to work. For most people, they want their retirement savings to last as long as possible.
For other retirees, they simply aren’t ready to quit working. A lot of people go into retirement and realize they don’t like the open schedule. Some people enjoy the sense of accomplishment and pride they get from their work.
Another reason some retirees decide to keep working is due to healthcare. Medicare is an excellent program which has helped millions of seniors get the healthcare coverage they wouldn’t be able to afford otherwise, but employer-sponsored health care plans are going to be more affordable and will offer better coverage.
Additionally, with people living longer the need to keep funds coming in has also increased. If you are contemplating working during your retirement you may want to consider the following tips.
If You Have Not Yet Retired, Consider Staying With Your Current Job On A Part-Time Basis
More and more people today as they reach retirement age are staying on in their current positions on a part-time basis. This may be a great option for you and one you will want to consider.
Find out what your company’s policy is and take the time to sit down with your boss or human resource department to determine what your options might be. Many companies will offer a nice package and some will even allow you to keep your current level of benefits.
Tips For The Job Search
If you have already retired and are hoping to secure a job you will need to go on a job search. More than likely this is something you have not done in a number of years. Here is a look at what you will need to do.
- Update your resume. When updating your resume, your best bet is to focus on your experience and skills. It is also a good idea to include your current technical abilities. Be careful about including your age or advocating that you are a retiree. Even today some companies prefer not to hire older employees. At the same time, however, there are numerous companies that seek out retirees for employment.
- If you have been out of work for awhile take the time to reconnect. Taking the time to reconnect with people in your field can greatly increase your chances of finding a job. Finding and connecting with others in your field on the internet can be very beneficial. Social networking is the future. Don’t be afraid to ask for leads and potential job opportunities.
- Don’t assume you have to go into the same type of job. Just because you’ve spent the last number of years in a certain field, means your next job has to be the same kind of job. Retirement is an excellent time to switch to a new job you’ve always wanted to try.
Consider Becoming A Consultant
A great way to bring in income during retirement is to become a consultant in your area of expertise. This allows you to be your own boss and take on business on a case by case basis, still leaving you time to enjoy your retirement, travel, etc.
Depending on your previous job and experience, it could be the perfect set up for you to do freelance work. Take a few one-time jobs or short contracts whenever you feel like working. There are dozens of freelance sites out there or you can browse Craigslist to find any opportunities.
Consider Temporary Jobs
Another great option for retirees is temporary jobs. When you take on a temporary job you are filling in for other professionals. These job placements can last anywhere from a few days to a few weeks to a few months and can even in some situations turn into a full-time position. Taking on temporary positions can be especially great for those who love to travel and those retirees who live in two different locations during the year.
Start Your Own Small Business
Thanks to the Internet, starting your own shop or business has never been easier. If you enjoy making things or have something to sell, you can create an Etsy shop or sell some stuff on eBay, or you can go the traditional route and either have a storefront or sell your stuff at farmer’s markets or craft shows.
One of the best things about selling stuff online is you are allowed to work whenever you want. There is no set schedule. If you don’t want to sell anything or make your crafts, then you can put a hold on the orders.
Dog Walking or Running Errands
People are busy. There are a lot of people who are willing to pay for someone to walk their dog or knock out their errands for them. There are plenty of apps or websites you can use.
One of the most popular sites is TaskRabbit. It’s quick and easy to use, even if you don’t have much experience with free-lance errand running. TaskRabbit can connect you with other people who need different odds and ends done. It’s an easy way to make some money in your spare time.
Make Money Online
There are hundreds and hundreds of ways you can make money online. If you’re looking for a way to make some extra money in retirement without having to leave your home, there are plenty of ways you can make cash online.
You can make a blog, take surveys, sell goods (see above), become a virtual assistant, and much more. In most cases, you won’t make a killing online, but it can be a good way to make money while in the comfort of your own house.