Retirement, for most people, is a dream come true. You finally have the time to do all of the things you wanted to do, such as explore new hobbies or even travel the world if you so choose. Yet, sometimes all that free time can get a little overwhelming.
We’ve already talked about filling that newfound time with going back to school, but what about working? Finding part-time work might not be the first thing that comes to mind when thinking about retirement. It’s supposed to be a time to relax and find new passions. However, finding a fun part-time job can become that new passion. It’s okay to be picky and just do something you’ve always wanted to try out. It doesn’t have to be looked at like it’s a job, but more so as a chance to try something new.
Aside from doing something you’ve never done before, post-retirement jobs have other benefits. Because many people still have mortgages after they retire, a part-time job that you enjoy can supplement your social security and/or retirement savings to pay the bills. It can also help with saving for traveling opportunities and health care coverage. There may even be Social Security benefits. If a part-time job income helps you put off signing up for Social Security, you may get a higher monthly check when you do eventually sign up. That can mean more money in the long run, up to 8 percent more money being added on for every year it is delayed. You can check the social security retirement planner here.
There are numerous health benefits to continuing to work after retirement. Having a sense of purpose, staying active, and regularly interacting with others can all stave off depression. Retirement can be an enjoyable and rewarding time. Savor your freedom, but if you are looking for a new opportunity or a way to stay active, consider finding a part-time a job.