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retirement working part time

Most older workers (65 percent) say they would ideally like to include some form of work in their retirement

According to a 2011 Harris Interactive survey of 1,001 people age 55 and older commissioned by Sun America, 65 percent of older workers say they would like tin include some form of work in their retirement years. But only 4 percent of the survey respondents want to work full time in retirement. A quarter of older workers would prefer to work part time in retirement, and 36 percent want to go back and forth between periods of work and leisure.

By continuing to engage with the working world on a somewhat regular basis, you will meet a new group of people and assume responsibilities requiring your mental effort and learned skills. You will not have time to be bored. However, this dynamic retirement strategy may not be for everyone and comes with risks. You will need to save up for an extended period before you can take vacation time and you could be offered a reduced salary at a new job. Moreover, part-time retirees need to decide whether they want to continue to learn new skills and technologies in order to compete with younger workers.

There are no “right” and “wrong” ways to enjoy your twilight years. However, you don’t want to rely on the income from your part-time employment to supplement your lifestyle. A far better approach would be to plan well in advance for your retirement years and allow yourself the opportunity to take time off as you need.

Source: US News, 2/10/12 “Growing Interest in Part-Time Retirement”

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