Retirement looks different for everyone. Some might be so busy with grandkids and social functions that taking on anything else might feel like a burden. Others might be craving the excitement of a new opportunity or venture, the day to day of retirement feeling a bit too slow and quiet after years in the workforce or juggling a house full of children.
Taking on a new role will challenge your mind and help with maintaining your cognitive health and agility. A new job or business venture might also work toward forming a sense of community and purpose within that community, especially if retirement meant suddenly relocating.
Many retirees consider a return to the workforce regardless of whether they actually need additional cash flow. After years of accruing wisdom and marketable skills, putting your hard-earned talents to use knows no bounds, with a wide range of varying opportunities at your fingertips.
No matter the reason for looking outside of your current day to day to find a new way to spend your time, you might be surprised by the possibilities for your golden years:
Teaching
Many retirees turn to teaching, whether a part-time return to a formal institution after retiring or for the first time, perhaps teaching children to play a musical instrument or as an adjunct professor. Some might also pursue substitute teaching in K-12 districts. As teachers in any form or field, retirees can earn extra cash while also giving back to their community.
Embrace Your Passions
Are you passionate about local history, national parks, or athletics? Your knowledge of and love for an area of expertise can become a great side hustle that brings joy to your daily or weekly life. Perhaps becoming a tour guide for a famous town or spending your free time in your favorite national park as a clerk would become the highlight of your retirement, especially during the beautiful summer months. If you’re missing being out on the field playing your favorite game, perhaps coaching or becoming an umpire would bring you back toward the action you’ve been missing.
Connection
Some retirees might find themselves missing the human (and non-human) connection that came with long work days and constant excuses to get out of the house. For those who find themselves on the extroverted side of the spectrum, taking on a role as a greeter, usher, babysitter, or pet sitter might do the trick.
Entrepreneurship
If you find yourself bored or needing extra cash but unwilling to return to the workforce as an employee, perhaps it is time to try your hand at entrepreneurship. Are you able to perform odd jobs and tasks from a lifetime with a do-it-yourself attitude? Do you enjoy hours on the road with your favorite podcast playing? Were you contracted before in a field that also has a bustling freelance industry? Is there a hidden talent of yours that manifests itself in beautiful, marketable, creations? Opportunities for being your own boss and making some extra cash are plentiful and often require very little initial investment or overhead.
Additional information on finding work as a retiree can be found here and here.
If additional income is needed, a trusted financial professional might be able to point you in the right direction based on how much income is needed to meet your goals. They might also have clients who have found themselves needing something new and exciting to spice up their daily routine who can recommend local possibilities. To schedule a complimentary financial review with Moore’s Wealth Management, click here or call our office at 770-535-5000, where a staff member is awaiting your call Monday through Friday, 9AM to 5PM.
Sources:
[1] https://www.aarp.org/work/careers/working-after-retirement/
[2] https://www.kiplinger.com/retirement/602951/great-jobs-for-retirees
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