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Evan Vitale – Working While Retired

June 14, 2016 by Evan Vitale

By Evan Vitale

Retirement, for some, may not be exactly what they had planned. Unfortunate things happen; poor planning, etc. Anything can ruin one’s retirement plans and force a person to delay retirement or seek a part-time job during retirement in order to make ends meet.

It’s not unusual to see older individuals working at retail stores and restaurants. Some want to continue to work for socialization. Others must continue to work in order to meet monthly expenses. It’s the reality of retirement for some.

Now it may seem that working during retirement defeats the purpose of retiring but there are some advantages in working during retirement years. Typically, “retirees” works jobs that are not long-term and most don’t require long days and overtime.

If you can afford to retire and you’re working merely for the social aspect, consider being a volunteer at a local non-profit organization; church or school. Some feel happier by contributing to society than adding a few dollars to their pocketbook by greeting people at a super store’s front door or refilling soft drinks at the burger joint.

If you must go back to work for financial reasons, try to find a job that is less stressful and more fun for you. Many employers welcome retirees as employees because they have experience and they understand the meaning of arriving to work on time and being a good worker.

Here are some considerations when looking for a part-time job during your retirement years:

  • Try to find something close to where you live. If possible, you should have to travel far to find part-time employment. Consider gas expenses, parking fees (if parking is not free) and wear and tear on your automobile.
  • If a part-time job is more than 10 miles from your residence, check out public transportation. It might save you some money and be more convenient for you.
  • Will you have to stand several hours at your new job? Or lift heavy boxes? Consider these factors on your health and stamina.
  • How many hours are you willing to work per week? What will your budget require?
  • Even with a part-time job are there any benefits such as employee discounts on purchases, free meals, etc.? Sometimes these might be helpful.

Working during retirement doesn’t have to be a bad thing, especially if it fills a need for you and the employer.

Filed Under: Evan Vitale, Financial Planning, Retirement Tagged With: Evan Vitale, Retire, Retired, Retirement, Working

Welcome to my site and thanks for visiting! Evan Vitale is a Certified Public Accountant and CFO located in Las Vegas, Nevada with a particular expertise in real estate and construction.

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