Two of the biggest concerns in retirement are being bored, and running out of money. The idea of doing nothing seems great for a while, but how long can you keep it up? For many people, it is important to have some sort of “job” during retirement. Plus, one of the great things about having some sort of employment is that it can help you stretch your retirement income, preventing retirees from having to take out a reverse mortgage or scaling down their quality of life. If you are concerned about how long your nest egg will last, finding ways to earn money during “retirement” can be a big help.
If you want to have an enjoyable retirement, beating boredom and earning a little extra money, there are some jobs you can do. They don’t take much time, and you might have the chance to meet new people and try new things.
Non-Financial Benefits of Working During Retirement
Most of us dream of a time when we no longer have to work. It’s the ideal dream: No work responsibilities. However, a life without work might not be your ideal life after all. Working, whether you work from home, or whether you drive into work, your job might actually be benefitting you.
The benefits of work go beyond just the mere fact of cash flow management. Working isn’t only about receiving the money necessary to buy the things you need in your life. And it isn’t just about being able to afford your wants. Your well-being is also tied to work.
Here are some ways that work can benefit you:
Keep Your Brain Active
When you are working, you have something for your brain to do. Keeping your brain active is an important part of staving off dementia and other issues. If all you do is sit around, drinking lemonade and watching the neighbors, your brain could deteriorate faster. Work can provide a challenge for your brain, and keep it active, improving your mental health.
Some Stress is Good for You
There are some indications that there are types of stress that are actually good for you. Constantly being “stressed out” probably isn’t good for you, but some level of stress can encourage you to improve performance, work better, and even provide you with feelings of accomplishment and even happiness. Work can help you learn to direct your energies, and help you manage your stress, in ways that ultimately help you down the road. If you never have any stress, there is very little to propel you to achieve — and to enjoy the happiness of feeling like you’ve done something worthwhile.
Social Interaction for Emotional Health
Social interaction is important to our emotional health as human beings. Social interaction can help you feel better about yourself, as well as help keep you from suffering in other ways. When some people stop working, they can feel depressed, and unconnected. Sometimes, even though I have work, I feel this way because I work from home, in isolation. I manage these feelings by connecting with people online, and making it a point to enjoy social interactions offline as well.
Going to work can provide you with a place to regularly associate with others, and to feel connected to the world around you. Your emotional well-being can be enhanced, and you can feel happier and more fulfilled when you have these connections.
A Sense of Purpose
Many of us are happier in our lives and in ourselves with a sense of purpose. Work can provide that, as well as provide you with an income. You have a reason to get up in the morning, and you have something to accomplish. Work can drive you to get more done, and to manage your time better so that you can accomplish other important things. Many people find that, when they don’t have work, they lose the drive to do anything productive. Sometimes, work provides that sense of purpose that can help you move on in your life.
Retirement Jobs – Earn More Income During Retirement
Many people enjoy feeling useful, and doing something constructive with their time. My father in law loves gardening. He’s retired, but he still grows his garden, and he is becoming certified as a Master Gardener, and will be able to use that title to earn a little extra money a couple days a week. He’s found something that helps keep him busy, and can provide some cash to help him stretch his nest egg. Some other great part-time jobs that can be done in retirement include:
- Tutoring others.
- Teaching seminars.
- Providing consulting work.
- Running a bed and breakfast in a location you love.
- Giving tours at local historical sites.
- Some sort of guide (my grandfather was a river guide for a few years, even though he was “retired”).
- Campground manager or campground host. (A lot of the hosts I interact with while camping are “retired” persons.)
- Sell items that you make online, or travel to local fairs and art shows to sell.
- Crossing guard.
As you can see, there are quite a few things you can do as a retired person. You can help others, earn a little money, and do something you enjoy. The social interaction that comes with doing a part-time job can also contribute to one’s health, and it can help keep the brain healthy.
Volunteer Jobs in Retirement
Maybe you don’t want or need to earn extra money during retirement. But you do want to stay active and help others. One of the things you can do in those cases is to volunteer during retirement. You can volunteer locally, or you can take “volunteer vacations,” and travel somewhere exotic to volunteer providing necessary services.
Take stock of your interests, skills and hobbies. You don’t always have to do something related to the work you did prior to being retired. Indeed, “retirement” is a perfect time to focus on hobbies, and learn how to translate the things you love into actions that can help others. You can also learn a new skill. Many retirees go back to school, finish a certification or learn new hobbies. The ability to keep learning and acquiring new skills can help your mental health, as well as provide you with opportunities to help others — and maybe even earn a few bucks.
What do you want to do in retirement?