So, for either financial or personal reasons you think you might want to work past the traditional retirement age of 65.
What are your options for work?
The good news is that your options are numerous and seem to be growing.
When embarking on a career or job search in retirement, there are many questions you will want to evaluate, including:
- What is motivating you to find a retirement job? Money? Boredom? Both?
- How much money do you need to earn?
- What do you want to spend your time on?
- What kind of work would you find fulfilling?
- How much time do you want to spend on the job?
- How much responsibility do you want?
- How much flexibility do you want?
- Would you consider working for yourself?
- What hours would you like to work?
- What kind of activities would you like to engage in at work?
- What kind of retraining are you willing to engage in?
From staying in your lifelong job to pursuing something totally different, explore the following ideas for retirement careers.
Stay in Your Current Job
While some employers encourage retirement at or even before 65, many other employers wish to retain their employees for as long as possible.
There is no rule that says you must retire at any age.
If you enjoy your current job and/or the benefits of your job (financial, social, or other) then there is really no reason to voluntarily leave.
In fact, the only real reason to voluntarily leave a job is because you have defined something better to do.
If you wish to stay in your current job past retirement age, but feel that you are being forced out by your employer, please consult information about age discrimination.
Phased retirement is when you retain your current job with your current employer, but reduce or change the hours you spend at the job and, in some cases, your responsibilities.
Working part-time or on a more flexible schedule at your current job is a great way to ease into retirement.
You can benefit from increased leisure while keeping an income and – in many cases – the benefits (medical and other) from your job.
Phased retirement offers huge benefits to the employee as well as the employer.
Many employers will learn that they actually need baby boomers to continue working.
If baby boomers retire at or before the age of 65, the United States may experience huge labor shortages.
Not all employers offer phased retirement.
If your employer does not, you might be able to help them design a program to meet your needs.
Transition to a New Retirement Career
Many of today's retirees are viewing retirement not as an end, but rather as the beginning of a new and exciting phase of their life.
Financial compensation will likely be a consideration after retirement, but many retirees are making compromises on salary and benefits to find a job that they really enjoy.
Retirement can be an ideal time to compromise with a cut in salary to engage in a job you can be truly passionate about.
Consider the following options for transitioning to a new retirement career:
Start Your Own Business: From running a bed and breakfast to launching a new product, retirees are starting their own businesses in droves.
And entrepreneurism makes great sense as a career move for retirees.
The experiences of a long career can give seniors the knowledge and confidence to successfully launch a business.
And, owning your own business means that you can set the schedule and pace of your work.
- A retired teacher might consider a tutoring business or selling lesson plans and curriculum online.
- A retired police officer might consider offering seminars in personal safety.
- A retired sales manager could find a product they really love and sell it part-time.
Almost any job or work expertise could be turned into a small business opportunity in retirement.
However, it is important that you understand the dynamics and demands of running your own business and are realistic about your financial prospects and needs.
For more information on running your own business, consult these links:
Consulting: Many people retire from their jobs only to immediately start consulting full- or part-time with their previous employer or another company in their industry.
Consulting can give you a lot of flexibility and because of your years of experience, a good salary.
Many people find consulting to be an ideal bridge from full time work to full time retirement.
Return to School and Enter a New Career: According to the Department of Education, more than a half million men and women over 50 are part- or full-time students in undergraduate and graduate programs in the United States.
Many more seniors engage in training programs and other vocational education.
When making a career switch around retirement it is important to consider how much time and money the education will cost and whether or not the outlay is commensurate with the financial or other benefits you will receive.
The Occupational Outlook Handbook, linked to below, can educate you about the training, education and earning potential of hundreds of different jobs.
The following links might help you to explore your education options:
Reduce Income but Work in Something You Love: You might not have pursued these jobs before retirement when you were building a life, supporting a family and saving for retirement because they did not provide the kind of stimulus or income you needed.
However, jobs in venues that match your interests can be perfect for supplementing your income while also adding interest to your life in retirement.
Jobs in retirement can enable you to work in an area that really interests you or can give you the flexibility to pursue those interests in your off time.
- Think about jobs you can get that are related to your hobbies or childhood dreams.
- Consider jobs that enable you to do what you like to do.
- Contemplate jobs that provide a flexible schedule.
The following are examples that might inspire you to find a job in retirement that you will really love:
- Do you love fishing?
What about pursuing a job as a fishing guide or as a salesperson in a tackle shop?
- Is cooking your passion? Working in a kitchen store would expose you to people who share your interests and you might even get discounts on fabulous gadgets.
Or, what about being a personal chef --
more and more families are looking to purchase prepared foods.
- How much time would you like to spend on the golf course?
Could you find a job at your favorite course?
- Have you dreamed of working in law enforcement?
What about taking a training program for answering 911 calls?
- Do you like kids?
Could you drive a school bus, work as a crossing guard or train to be a teacher's aid?
- Do you really like meeting people?
What about a job at the front desk in a hotel?
- Do you enjoy having somewhere to go and being around people?
What about working in a café or as a waitress?
- Are you athletic and do you enjoy being out in the sun?
Could you work as a lifeguard?
- Do you like shopping?
Can you shop for bargains to be sold on Ebay at a profit?
What about opening your own store?
Travel as a Career: Travel is often cited as the pursuit retirees would most like to spend in retirement.
The travel industry offers a myriad of job opportunities for retirees.
In many cases you are working to cover travel expenses.
But in some cases you can earn an income as well as reducing your travel costs.
It may take some creative thinking, but you should be able to find a job to supplement your travel expenses and maybe even enable you to save money too.
- See the World, Dance the Night Away!
-- Cruise ships often hire men or enable them to travel for free in exchange for acting as a dance partner to other passengers during the tour.
Not a dancer? Don't forget that cruise ships need everything from photographers to people to work in the gift shop.
- Join the Tour – Have you been on any travel tours that you particularly enjoyed?
Perhaps you could join the company, work and travel with them as a guide.
- Room Please -- Could you work for an airline or a hotel chain and get discounts on flights or rooms?
- Snowbirding -- The seasonal migration of vacationers means that there needs to be a seasonal migration of workers.
As a retiree you might be able to work and vacation at the same time.
CVS Pharmacies offers a program where their employees can migrate with snowbirds – working, for example, in New Jersey during the summer and Florida during the winter.
- Stay A While and Enjoy the View -- What about extended vacations in areas that require seasonal workers.
You should be able to find short-term/part-time work in most touristed areas in the United States Try a ski resort for a few months while serving hot chocolate to other travelers, sell souvenirs for a few months at the Grand Canyon, and then bus tables in restaurant in Hawaii.
The above mentioned jobs might not be all glamour, but seeing the world can be worth it.
These web sites might help you find a job if you are interested in travel:
Volunteering: There are so many worthy causes in the world and not nearly enough people to serve at them:
hospitals, schools, libraries, churches, parks, zoos international relief organizations and more. However, a lot of
Seniors already are participating -- the Peace Corps reports that 6%, about 450, of their volunteers are over 50 years of age.
If interesting work and vitality are more important to you than income, volunteering may be the right option for work in retirement.
The following organizations offer special programs for retirees and seniors:
Find a Company that Actively Recruits Seniors:
You might be surprised by the range of companies interested in hiring seniors.
Everyone from McDonalds to New York Life Insurance wants to employ older Americans.
The AARP has developed a program called the AARP's Featured Employer's Program.
For this program, AARP partnered with employers who want the experience and leadership of older Americans.
Visit the following links for more information about companies seeking seniors: