Embrace retirement by working

After about three months of experiencing retirement, I realized I wasn’t ready for the drastic adjustment.  I had worked full-time as a high school teacher so I decided to embrace retirement by working part-time as a substitute teacher to help with the transition.  I loved the flexibility and the ability to continue working with young people.  Rob Peters was in a similar situation…

A Californian’s ‘Retirement’ is Part-Time

By Kim Blanton, Squared Away Blog

April 20, 2017

A new body of research indicates that continuing to work but gearing down to a lower-intensity job is often good for older Americans, because it reduces their stress, increases their job satisfaction, and is an encouragement to continue working and preparing financially for retirement.

“Rob Peters’ approach to retiring wasn’t much different from hitting the road in 1975 to help drive a college friend from New York to California. He didn’t really know where he was going.

When he first laid eyes on California, he was captivated by its beauty, as well as the left-leaning politics absent in the conservative Long Island community he grew up in. But Peters, equipped only with an English degree from the State University of New York at Buffalo, bounced around for years among the various part-time and full-time counseling jobs available to him in his new paradise.

Not until age 38, after earning a master’s degree in counseling and 13 job interviews, did he land his dream job at Diablo Valley College, a community college serving mostly low-income and minority students. He stayed more than 26 years, as a student adviser, program facilitator, and instructor.

He took a blind leap into retirement, too. Again, finding his place was a process. Within four months of retiring, at the end of 2014, he contacted Diablo Valley College.  Yes, they would welcome him back as a counselor for four hours in the morning, two days per week in the spring and three days in the fall.”

Read more about embracing retirement while working

I work part-time in retirement. Do you?

Seven of 10 Americans plan to work in retirement

by Rodney Brooks for The Washington Post

September 2016

“When it comes to retirement, a whopping 75 percent of Americans say they plan to work ‘as long as possible’ in retirement, according to a new report from Bankrate.com.  And for many of them, it’s not because they love their jobs:

  • 38 percent say they are planning to work because they want to
  • 35% percent say they plan to work because they need the money
  • 27 percent said they plan to work because they need the money and want to work

And according to the Bankrate.com survey, 47 percent of retirees are either very worrried or somwhat worried about outliving their retirement savings.  That’s up from 37 percent the last time that question was asked, in 2009.

What’s almost shocking?  Only 25 percent said they had no plans to work during retirement.

A reality check for most people planning to work through retirement: Most surveys show that even though a majority of Americans plan to keep working, most find they cannot because of health issues, layoffs or because they have to care for spouses or parents.”

 

“Rodney A. Brooks writes about retirement and personal finance for The Washington Post. Rodney has had a long and distinguished career in financial journalism. He previously worked at USA Today from 1985 until his recent retirement.”

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