Rethinking Retirement: Is It Time to Get Back in the Game?

Retirement is a period many of us look forward to.

Think of the vacations.

The hobbies and projects that you never had time for.

Time with your loved ones.

You can just exist without worrying about the next time you have to head to the office.

But what happens when the initial glow starts to fade? Interestingly, about one in six American retirees think about returning to the workforce, often within just four years of retiring.

Why does this happen?

In a word – boredom.

Initially, retirement might feel like an endless honeymoon full of leisurely breakfasts and evening game shows, but the novelty may wear off. You might find yourself craving a new hobby or activity to add some zest to your daily routine.

Remember Tim from Accounting with his infamous tuna salad? Surprisingly, you might begin to miss those little interactions. Many retirees feel isolated and realize that their workplace is also a pretty big social hub.

Another reason to return to work: you might have discovered that having more free time also means more opportunities to spend. You may start asking yourself, “Why are my savings depleting faster than I expected?”

If you’re thinking about rejoining the workforce, remember that it doesn’t have to be an all-or-nothing decision.

Look for opportunities that offer a stress-free environment and flexible hours. Remember, you can complement your retirement life, not replace it.

Whether it’s for personal fulfillment, social engagement, or a little extra income for those finer things in life (like top-notch fishing gear), keep in mind that returning to work might affect your social security benefits and tax situation.

If you’re weighing the pros and cons of resuming work post-retirement, I’m here to help. Let’s discuss how this decision fits into your overall financial plan and ensure it aligns with your retirement objectives.

To explore your options, book a 15-minute consultation at a time that suits you – just click the buttons below.