It’s understandable if the rising expenses associated with retirement have you worried. The unpredictability of the market, coupled with soaring interest rates, has certainly created a climate of uncertainty.[1] One way to alleviate concerns about money in retirement is to contemplate the possibility of continuing to work in some form. While you might feel reluctant at first, there are actually many ways your life can be enriched through work in retirement.
Firstly, there’s no need to dive in all the way! The term “work” in the context of retirement often evokes images of monotony and tedium. You might envision yourself consumed by 80-hour work weeks. It doesn’t have to be like this! Being on the brink of retirement likely means you’ve gathered an impressive array of skills and expertise throughout your life. These can be leveraged to earn some extra cash on the side. Opting for part-time work or just a few hours a week can significantly bolster your income.
Think about the tasks you enjoy when considering potential employment! Retirement should be a period of life to relish, so seek out post-retirement employment that piques your interest. You might want to explore a discipline you’re eager to develop further or perhaps a domain where you have mastered skills and would like to demonstrate them. Just because it’s an activity that provides you with income doesn’t imply it has to feel like “work.”
Don’t forget that maintaining employment during your golden years can be a great remedy for the retirement blues. Being engaged in work during your retirement phase can aid in keeping you socially connected. You’ll have the opportunity to communicate with clients or colleagues and broaden your social circle. It gives you a valid reason to step out and engage in activities. Having a job during retirement helps maintain the feeling of significance and purpose that was present during your full-time employment. If you’re someone who draws motivation from work, then working post-retirement while still enjoying your dream retirement lifestyle is feasible.
Should concerns about financial stability during your retirement be causing you distress, and if you’re pondering the possibility of taking up a job during retirement, we strongly suggest getting in touch with our experts for a free assessment of your financial situation. Our team can work with you to understand what you want out of your retirement life, what you have, and how to make the most of your finances so you can live the enriching retirement you worked hard to save for.
