Seniors have many options for work after retirement. You are not limited to a tedious job that pays minimum wage. If you are highly educated, you might make a great deal of money after the age of 65. Some people find they are bored after they retire. The allure of not having to get up to the screech of an alarm clock wears off within a few months, and they look for something to captivate their interests. Here is what seniors need to know about second careers:
Working beyond age 65 can bring in extra (or needed) income. However, it can come with other benefits, such as giving you a sense of purpose and value. If you stay mentally alert, you might just avoid cognitive losses we used to assume were normal aging. Some claim you can lower your risk of Alzheimer’s or dementia by 3.2 percent for every year you work after 65.
Working Can Be Freedom When You Are Retired from Your First Career
When you were younger, you worked hard so you could pay the rent or mortgage, buy groceries, and take care of the bills. Every day was a whirlwind of getting up too early, getting everyone out the door, working at a job you might have hated, then dragging yourself home to do a few chores before you collapsed into bed. You were in survival mode. However, your kids are now grown, your mortgage is paid down or paid off, you have Social Security covering some of your bills and your retirement account and savings paying other living expenses. You get to focus attention on yourself and what you would love to do.
Your first career may have felt like the exact opposite of freedom. You can now explore those things you always wanted to do but could not, because you had to make a predictable amount of money for your family. In their second careers, people can follow their passions, while bringing in a little (or a lot of) money.
Popular Second Careers for Seniors
- If you have wanted to own your own business, now is the time to do so. You can control your hours and finally get to run things the way you think is right. If you are your own boss, you will have no worries about age discrimination.
- You have a wealth of information and experience to share with others. Whether you impart that to others as a teacher, writer, college instructor, trainer, or consultant, you have a vast range of opportunities to pass your knowledge on to others. If you love to travel, have a college degree and are a native English speaker, you might get a job teaching English in another country. That option would pay you to have an international cultural experience.
- Offices, hotels, and restaurants have a high demand for part-time workers. These positions can be a good fit if you are a “people person.”
Every state has different laws, and this article discusses the general law. Talk with an elder law attorney in your area.
U.S. News & World Report. “8 Popular Part-Time Jobs for Retirees.” (accessed February 16, 2018) https://money.usnews.com/money/retirement/second-careers/slideshows/8-popular-part-time-jobs-for-retirees
A Place for Mom. “Top Second Careers for Seniors.” (accessed February 16, 2018) https://www.aplaceformom.com/blog/second-careers-for-seniors/
A Place for Mom. “Working Through Retirement.” (accessed February 16, 2018) https://www.aplaceformom.com/blog/9-12-16-working-through-retirement/