The New Normal: It’s No Longer Shocking to Work in Retirement
Not a spring chicken any longer, right?
Take heart, you’re in good company.
With nearly 20 percent of the American population 65 years or older still working, it comes as no surprise that retirement isn’t what it used to be.
And that’s not all bad.
Aside from the health and cognitive benefits of working through retirement age, it can also give you a great sense of personal achievement. It’s a chance to reinvent yourself, per se, and to keep you from being the one in ten 65-year-olds reportedly living in poverty.
But you’ve got to set yourself up for such golden years success.
Part-time, Entrepreneurship, or Both?
With regards to retaining former full-time employees as part-timers, some debate exists about the majority of businesses being pro or con. While many organizations are all for it, others are taking an “out with the old, in with the new” sort of approach.
It is important to do your research and know where you stand.
With that being said, if you could remain with your current employer, would you? Or, would you rather become an independent agent and freelance your way through retirement? Perhaps you want to be that epic entrepreneur but still want to function as a consultant rather than a hands-on boss.
Beyond simply getting a clear grasp of your place in the workforce, do some introspection. Identify exactly what you truly want from this phase of your life.
How to Find Success Working in Retirement
Whether you choose to stay on part-time at your current company or venture out on your own, success and happiness are the primary goals.
Happily and productively working in retirement generally depends on three things:
1. Update Your Skills
A must for professional success. Staying on top of current trends to set yourself apart from those workers employers “can’t teach new tricks.”
2. Safeguard Your Health
Often overlooked during youth, self-care, routine physicals, and proper sleep and food are necessary. You need to be fit and healthy for the responsibilities of either entrepreneurial or part-time work in your retirement years.
3. Knowing Your Industry
Understanding your marketplace and employment within that industry is vital to surviving the ebb and flow of today’s business world.
Harnessing the Power of Technology
It’s true that the majority of people working in retirement are in positions far away from technology. After all, many tech-related jobs didn’t even exist until a short time ago.
Fortunately, our modern world has made it easier to find or project based work. Meaning, the opportunity to find steady income from companies seeking out a particular skill is entirely possible.
Technology, in particular, opened an enormous door for those working during the retirement years. Especially, if you possess a certain sought-after skill. Photography, writing, and tax preparation skills are not age-specific and are highly valued.
For that matter, if you’ve never been able to sell your short story or photos before, now may be the perfect time to try. Research options thoroughly. Online ventures of this nature are plentiful if you know where to look.
Common Careers of Those Working through Retirement
Several careers have a tendency to never terminate.
Should you find yourself identifying with a never-ending career, know that retiring is within your grasp. Then again, doing something you love until your very last breath is a fulfillment on a plan of its own.
Some of these common careers include:
- Farmers or ranchers
- Tax Preparers
- Clergy or religious workers
- Product promoters
Working in retirement isn’t for everyone. For some, it’s not an option. Still, working in retirement can be a way for you to pursue something you’ve always wanted to do and make money at the same time.
To learn more about how to work happily in retirement, follow us on Facebook.