Many people dream of retirement, and it is probably your dream too. But what if your goals change after you retire?
According to the U.S. Bureau of Labor Statistics, 10% to 20% of older workers reenter the labor market after leaving for more than two years. So, if you worked hard to build your retirement plan but are now considering whether you should unretire, you're not alone.
Here are some valid reasons you might want to go back to work.
The ultra-rich have also been investing in art from big names like Picasso and Bansky for centuries. And it's for a good reason: Contemporary art prices have outpaced the S&P 500 by 136% over the last 27 years. A new company called Masterworks is now allowing everyday investors to get in on this type of previously-exclusive investment. You can buy a small slice of $1-$30 million paintings from iconic artists, all without needing any art expertise. If you have at least $10k to invest and are ready to explore diversifying beyond stocks and bonds, see what Masterworks has on offer. (Hurry, they often sell out!)
Steal this billionaire wealth-building technique
You need more money
/images/2023/03/17/senior_man_calculating_personal_finance_at_home.jpg)
Finances are one of the most pressing reasons for reentering the workforce. Like people of all ages, there are some common ways seniors waste money.
So if you miscalculated how much money you need in retirement or wish you had more than you planned, it might be time to work again.
The good news is that you probably don't need to work full-time to improve your daily finances significantly.
You're bored in retirement
/images/2023/03/17/wise_years.jpg)
It can be tough to admit that you're bored in retirement. After all, you've probably worked for decades to accomplish your retirement goal.
But here's the thing: If you're bored in your day-to-day life, then there is no harm in returning to work.
Boredom can take a lot of different forms. It can bring irritation, restlessness, or even sadness. If you experience any of those feelings, consider whether it's boredom and if a return to work might help.
You want to connect with your community
/images/2023/03/16/businesswomen.jpg)
Whether you moved to a new place for retirement or never got to know your community because you were too busy working, unretiring can provide a chance to connect.
You might enter a different field or opt for part-time work instead of full-time. But there are a lot of jobs in local government, parks, and recreation, and school districts that allow you to get to know your neighbors, give back, and earn a paycheck.
Over 50? Join AARP today — because if you’re not a member you could be missing out on huge perks. When you start your membership today, you can get discounts on things like travel, meal deliveries, eyeglasses, prescriptions that aren’t covered by insurance and more. How to become a member today: You’ll also get insider info on social security, job listings, caregiving, and retirement planning. And you’ll get access to AARP’s Fraud Watch Network to help you protect your money, as well as tools to help you plan for retirement. Important: Start your membership by creating an account here and filling in all of the information (Do not skip this step!) Doing so will allow you to take up 25% off your AARP membership, making it just $15 the first year with auto-renewal. If you’re over 50, take advantage of massive discounts and financial resources
You miss the social aspect of work
/images/2023/03/17/honored_to_work_with_this_guys.jpg)
Work is about earning a paycheck, but it can also be much more than that if you're lucky. Social interactions and colleagues who become friends are some main ways work adds meaning to life.
If you miss the social aspect of work, it might be time to go back.
You have a passion you want to explore
/images/2023/03/17/mature_adult_woman_head_with_gray_hair_in_the_office.jpg)
Life is hectic, especially when you're working full-time. For most people, passion projects take a back seat during their working years. But that doesn't have to be how it is in retirement.
If you've always dreamed of being a lawyer, get a part-time job as a receptionist at a law firm. Or maybe you wanted to be a chef but never had time to attend culinary school. You could get a job as a line cook at your favorite restaurant.
If golf is your passion, you might get a job as a starter at the local golf course. The possibilities are endless.
Trending Stories
You're ready to find new meaning
/images/2023/03/17/educator_patiently_explaining_to_a_senior_student.jpg)
As a retiree, you have decades of work experience and have navigated tricky workplace dynamics. Not only that, you built a successful career for yourself.
So it might be time to unretire if you're ready to pay it forward and share your job expertise as a mentor.
That doesn't mean you need to return to work in the same capacity or position. Instead, it might mean that you find a part-time job or consulting position that allows for mentorship opportunities.
You want to improve your health
/images/2023/03/17/meet_up_retired_pensioners.jpg)
It might sound counterintuitive, but getting up, getting ready, and having a place to be for the day can be good for your health.
Not only can it help you become more physically active, but it can also improve your mental health. Even though it can be fun at first, watching the same television shows on repeat can take a toll on your well-being after a while.
You're ready to live longer
/images/2024/08/19/senior-woman-with-shopping-bags.jpg)
According to a recent study from Oregon State University, working past age 65 can help you live longer. It might sound too good to be accurate, but the facts don't lie.
Of course, there are never guarantees about how long you'll live. It's surprising, but maybe the answer to "Should you retire early?" is no.
So if you're interested in returning to work, the idea that you may live longer might motivate you.
You're ready for a new challenge
/images/2023/03/17/middle_aged_businesswoman_dreaming_about_good_future.jpg)
If you always have a to-do list a mile long and like it, retirement might seem less appealing after a while.
Returning to work may provide new challenges to conquer and new goals to meet. Both can be fulfilling and improve your life — especially if you have a personality type that likes to achieve.
That's right. According to the FTC, Americans lost over $10 Billion to fraud and identity theft in 2023. But you can safeguard your data with all-in-one identity theft protection services from Aura which comes with $1,000,000.00 in identity theft insurance1 <p>Identity Theft Insurance underwritten by insurance company subsidiaries or affiliates of American International Group‚ Inc. The description herein is a summary and intended for informational purposes only and does not include all terms‚ conditions and exclusions of the policies described. Please refer to the actual policies for terms‚ conditions‚ and exclusions of coverage. Coverage may not be available in all jurisdictions.</p> per adult, to cover you should you have eligible identity theft-related losses. An individual plan starts at $9 per month, and you can choose a family plan that outmatches most others - includes Dark Web monitoring to scour data breaches and leaks for your sensitive personal data — such as Social Security numbers (SSN), Medicare information, and phone numbers. Before you make your next online purchase, protect what you’ve built for a fraction of what it could cost you if your data were compromised.In 2023 Americans lost over $10 billion to identity theft and fraud
You want more emotional support
/images/2023/03/17/older_male_business_person_having_a_business_talk.jpg)
A job can be really positive if you have kind coworkers, a supportive boss, and good company culture. It can be a place filled with people who support you, celebrate your birthday, and rejoice with you during life milestones.
If that sounds appealing, you might be interested in returning to work. Just make sure that you find the right company fit or it could cause different emotional struggles.
Bottom line
/images/2023/03/17/thinking_businessman_looking_away.jpg)
There are a lot of valid reasons for returning to work after retirement. If you feel guilty for wanting or needing to return to a job, remind yourself there's no right or wrong way to live, and the same is true for retirement.
You can set your own rules during this chapter. The real goal of retirement should be to find your own happiness, whether that means living on a beach or working to make extra money.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment. Our partners do not influence our ratings.
Earn 1% cash back on up to $3,000 in debit card purchases each month.2 <p>See website for details.</p> No minimum deposit or balance. FDIC Insured.
Become a member and enjoy discounts on things like travel, meal deliveries, eyeglasses, and more.
Helps to identify and prevent fraud in real-time with 24/7 U.S.-based support.
Subscribe Today
Unlock the Best Banking Deals and Bonuses
From high-yield savings accounts to cashback checking and sign-up bonuses, we bring you the best banking offers to grow your money smarter.