Times are changing now and many people choose to work when they reach the age of retirement. This choice is based on their needs or wants. There are many benefits of a part time job after retirement such as improved lifestyle, being more socially connected, physical fitness, setting challenges and scheduling on our own. More and more people are realizing the benefits of retiring later. They add up more in the Social Security and 401(k) and need less money from their savings. Working in your retirement is considered as a bonus income. You will be able to grow your savings and make them last longer. It will allow you to spend less from your saving account and your nest egg to become larger and bigger over time.
One major issue retirees face is that of isolation. They miss socializing with their colleagues and seldom get invited to formal gatherings. This can be mitigated if you wish to work post retirement. You can make new friends in the form of colleagues and clients. Overall your quality of life will be positively affected. When the initial phase of retirement is over, most retirees spend their time in front of the TV, making them lethargic and susceptible to chronic diseases, but when you chose to work part time after retirement, you do a lot of physical activity. Even driving to and from your workplace will keep you active. Physical activities will add years to your life.
If you were working in an organization which provided you with challenges every day, you will find it tough to settle into a monotonous lifestyle after retirement, but a new job can provide you with goals that will keep you physically and mentally challenged. It’s never too late to explore areas of your interest. You can choose jobs that allow you to follow your passion and make you feel good about yourself. One of the major things that cost a lot of money after retirement is medical care, working part time is a great way to deal with that. You can also look up on part time jobs that provide you with health insurance. there are many part time jobs that offer it. Even if you are working on part time jobs that don’t have a health insurance, you have a lot of options to choose from. Having already enrolled in Medicare plans A and B you are offered some cover but you should also look into the a United Healthcare Medicare Supplement , it provides extra coverage and is recommended for all retirees. A Medicare supplement plans comparison is a good way to make a sound decision for your retirement needs.
Working part time is majorly different from a regular job. You will not have to put in 40 or more hours per week. There will be ample amount of time for leisure and relaxation but you will also be connected to your job. It’s a win-win situation where you can work only for a limited amount of time and pursue other hobbies or interests too.