For some people, retirement means no more working. However, others choose to start a part-time job as their next step. If this sounds like you, but you’re still unsure which direction to go, you have a few factors to consider. However, many benefits come with working a part-time job in retirement. Here are five reasons to consider a part-time job when you retire.
1. Additional Income
Transitioning to retirement can have an impact on your financial situation. So, if you’re concerned about finances, having a part-time job can help put some extra change in your pocket to help with costs. For example, some people are worried about the costs of health insurance with Medicare. If you’re working after you enroll in Medicare, be sure to do your research ahead of time.
Additionally, earning extra money in retirement can also help support your miscellaneous spending. For example, you may plan to travel a lot or eat out more often once you retire. Working part-time can help save extra money for your wish list.
Staying social with others is important for overall health. The Centers for Disease Control and Prevention reports that social isolation is connected to various health conditions, including dementia, depression, heart disease, and more.But retirement can make socializing more difficult. If you spoke with others daily in your previous career, you might find it takes more effort to do the same in retirement.
However, starting a part-time job can help you meet new people and combat isolation. Many jobs require you to interact with others and offer opportunities to develop deeper relationships. This can include interactions with customers and your coworkers.
3. Physical Health
Staying fit as you grow older is also crucial for your health. If you don’t engage in physical activity, you can be at a higher risk of developing certain health conditions like heart disease and diabetes.
There are many great ways to keep moving, and working a part-time job can be one of them. For example, if you work at a retail store, you’ll likely be on your feet and walking around frequently. On occasion, you may also need to lift items or bend down. Doing so can keep your body moving and healthy.
Your career likely takes up a large chunk of your schedule throughout the days and weeks. So, when you retire, it may feel like your days no longer have direction. If this is the case, starting a part-time job can be helpful.
You’ll likely have a schedule for the different days and times of the week, which can help you organize your time and give you a sense of purpose. Without organization and direction for your days, it can be easy to have a sense of loss and isolation. This is not a common aspect people speak of often, so it can be a surprise to feel a lack of direction and purpose once you retire.
5. Job Exploration
Starting a part-time job in retirement can be a great way to try something new! If you desire new experiences, a part-time job can be an excellent way to go. There are plenty of industries and jobs to consider.
For example, if you love the outdoors, you may consider working at campgrounds or a vineyard. Or maybe you enjoy reading and want to spend time around books and other book lovers. In that case, consider a part-time gig at your local library. The possibilities are endless, so be sure to pick a job you can enjoy!
Starting a part-time job in retirement can be beneficial for many reasons. If you can, you may consider joining a part-time job, even if it’s only for a couple of times each week. Doing so can improve your financial, emotional, and physical health in different ways.
Author: Alexandria Roland
Alexandria Roland is a Medicare expert, licensed insurance agent, and digital marketing coordinator at Boomer Benefits. As a content creator, she shares her knowledge of Medicare through many outlets, including writing. Alex helps to manage a growing online community of over 30,000 seniors in the Boomer Benefits Medicare Q&A Facebook Group.