While it is not a good idea to base your retirement plan on working in your 70’s, many retirees are finding that they enjoy getting back into the workforce.
A recent article by Bloomberg states that 80% of working retirees say they are working because they want to.
Interestingly, many who do so find a part-time job in a completely different line of work. This is after taking an average 2 ½ year career break.
Working retirees tend to be part-time (83%), and find the work less stressful than their previous full-time career. Of course, the vast majority are not earning at the rate they were but when you are doing something you want to do rather than what you have to do, money is not the primary motivation.
The report indicates that many of those that are working after retiring started planning to do so before they retired.
Keeping business/work connections and skills sharpened, or learning new skills are things you can do to make it easier to reenter the workforce after time off.
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