Some dream to achieve financial independence and retire early (FIRE). Others love their jobs and want to work as long as they can. Here are some of the best jobs for retirees.
Retirees finding a job and going back to work full-time or part-time is part of a growing trend. In fact, according to a 2019 survey more than half of workers plan to work in retirement.
Data from the US Bureau of Labor Statistics indicates that those 65 to 74 and 75+ years of age expect to participate at rising rates in the labor force.
Retirees find jobs for financial reasons at 80% or healthy-aging causes at 72%. However, income at 53% within the financial reasons group is the number one reason.
In addition, retirees often rely on Social Security as their primary source of income, but often it is not enough. Furthermore, Social Security benefits have changed.
Furthermore, Social Security benefits have changed. Full retirement used to be at age 66 for those born between 1943 and 1954.
The net result is retirees often need jobs for at least a few years to make ends meet. Their retirement accounts may not provide enough income.