If you want (or need) to keep working -- but not 24/7 -- here are ways to parlay your skills and experience into part-time work, consulting, teaching and more.
Many retirees want nothing more than to spend their golden years relaxing, traveling or spoiling their grandkids without ever having to think about punching a time clock again. For others, the key to retirement happiness (or monetary contentment) may be returning to work or pursuing a new career.
If you’re at least 65 years old and you fall into the latter retiree camp, Money has three great tips to help you find a job that suits you.
- How many hours do you want to work? Not surprisingly, many retirees who choose to work in retirement don’t want to put in full-time hours. “If you like your work but are weighing the leap from full-time employee to part-time retiree, your best bet is to start with your existing job,” Money says. “Talk to your organization about downshifting to part-time or contract work. Your boss may be relieved to have a seasoned pro on the team, especially one who no longer needs benefits.” If you’ve been retired from your last job for over a year or you’re looking for something new, Money recommends using LinkedIn or talking to managers you know or businesses you frequent about potential work opportunities.
- Share your knowledge. If you have a technical skill set or specific area of expertise, there may be an opportunity for you to share your knowledge by teaching as a non-tenure track or adjunct professor at your local university or tech school. “The pay for these jobs is not great, but there are often fringe benefits, like access to the school’s other resources and the ability for you to audit a class or attend a great lecture,” Money said.
- Freelance consulting. Oftentimes, business consulting provides a lucrative part-time job opportunity for retirees. “If you hold an MBA or have specific industry experience but your own network of contacts isn’t panning out, check out HourlyNerd.com, a startup website that connects consultants to companies that need help with project work; you’ll compete with other freelance consultants for the business,” Money explains.
It’s also important to consider how having a job during your golden years could impact your benefits. Click here to see how working may affect your Social Security.
Do you plan on working in retirement or are you working in retirement? Share your experiences below or on our Facebook page.