Retirement sounds great at first. Imagine all the trips, hobbies, and quality time with family you’ve been dreaming about. No more rushing to work every morning. Sounds perfect, right?

But what happens when the shine of retirement starts to dim? It turns out, a good number of retirees, about one out of six, think about going back to work, often within just four years of retiring.1

The big question is, why?

Often, it’s boredom. At first, retirement seems like a never-ending vacation. Lazy mornings and relaxing evenings become the norm. But soon, you might find yourself missing the buzz of a new challenge or the simple daily interactions, like chatting with coworkers over lunch.

You might even start to miss the office a bit, like Tim from Accounting and his infamous tuna salad. The workplace isn’t just about work. It’s where many of us find a sense of community.

Another reason to consider going back to work is money. With more free time comes more chances to spend. Suddenly, you might notice your savings shrinking faster than you thought.

Thinking about getting back into the workforce doesn’t mean giving up on retirement. It’s about finding the right balance. Look for jobs that are low on stress and high on flexibility, so you can enhance your retirement instead of replacing it.

Working again might be for personal satisfaction, staying connected with people, or just earning a bit more for those extra pleasures in life (like those shiny new golf clubs you’ve been eyeing). But, keep in mind, going back to work can affect things like your Social Security benefits and tax situation.

If you’re on the fence about working after retirement, I’m here to help. We can talk about how working fits in with your financial plan and retirement goals.

Interested in sitting down to discuss your financial plan? You can schedule a complimentary visit with one of our Financial Architects by calling our office at (435)773-9444 or clicking here.


Sources:

  1. 1 in 6 retirees are considering a return to the workforce (cnbc.com)