Working After Retirement

Research shows that working during retirement is good for the mind, the body, and the pocketbook

Keep Working After Retirement

Here are 8 Reasons to get a job after retiring

D. S. Mitchell

Measurable Benefits

Working after retirement, seems like an oxymoron, but that isn’t necessarily true. Just because you are no longer practicing your primary career doesn’t mean you should walk away from all money making endeavors. Part-time, free lance or consulting work, volunteering- doing that something you always wanted to do. A friend of mine, who worked for UPS for years, does wedding and anniversary photos as his new side hustle. Another friend works for a home health care company and does light housekeeping chores for several elder clients. I write freelance articles. I always wanted to be a writer; well now I am. Working can add to your retirement satisfaction and give your  life structure. And there are of course, the financial benefits of a paycheck. After a bit of thought and research I’ve come up with eight specific reasons a retired person may want to consider re-entering the job market.

1. Researchers have concluded that working helps maintain good mental health.  Do not presume this is just because those with better cognitive health are better able to work. There is a particular benefit noted by researchers when the retiree switches to a different type of job than the one held prior to retirement. That benefit comes from learning new things-known as “novelty processing.” Novelty processing appears to slow cognitive decline. Who doesn’t want to stay sharp?
2. Having a regular paycheck is a powerful means to increase the money available in retirement, without drawing down your savings, and it gives you an extended opportunity to save. Remember, you are not out searching for some high power position, with a six figure salary and every benefit ever imagined. Earning just a small portion of your previous salary will make a significant difference and substantially improve retirement security.
3. Transitioning to part-time or even volunteer work, doing work unrelated to your prior career appears to be associated with fewer physical disabilities and declines and overall better cognitive health. University of Maryland researchers linked a post career job with fewer major diseases and functional limitations.
4. A recent Harvard study found that retirement well-being depends on having good quality relationships. Folks who seem to enjoy retirement the most are those who replaced old work relationships with new ones. Working, whether full-time, part-time, or as a volunteer creates an environment for new interactions that can potentially develop into those new quality relationships.
5. Finding a sense of purpose for living after retirement is critically important. A ‘little job’ can be a motivator to get you out of bed everyday. A common theme researchers hear is the need to find meaning and purpose-continuing to work in some capacity is a great way to achieve that sense of purpose, which in turn makes the retiree feel younger and more connected.
6. Retirement allows the retiree the time and opportunity to help others. Volunteerism is one great way to ward off depression and provide inner satisfaction. That sense of well-being disappears quickly once volunteering stopped, according to recent studies from the UK.
7. Work at what you like. Often our careers don’t match our passions. So as you think about re-entering the labor force, focus on fun and challenge. If you love to garden, how about a part-time position at the local nursery? Make sure you are spending time with people you like; in an environment that matches your hobbies or interests. Getting involved in activities you enjoy and care about can bring you in contact with new people you have things in common with.
8. Every store in my little town has a “HIRING” sign in the front window. According to the Labor Department, there are 9.6 million job openings today in the United States. With such a severe worker shortage finding a job to better your life should be relatively easy, plus you would be helping a local business (and thus your community) that is struggling with staffing issues.