When retiring, think about finding fun and worthy pursuits
We spend so much time looking forward to the big day, we forget to figure out how we will fill our days in retirement.
Last time, I focused on keeping busy in retirement to save your marriage. Consider this Part Two on the subject. But this time I’ll offer tips on how to stay busy in retirement and discuss the benefits of remaining active, such as staying mentally and physically healthy.
So where to start with your planning? Here are a few ideas:
1 Keep working. This is certainly not an option for everyone. People may want to work for another 20 years, but it doesn’t generally work out. Most don’t leave their jobs voluntarily, but because their jobs are downsized or they have health issues. In fact, according to a new Wells Fargo survey, 65 percent of workers say they will continue to work after retirement, but only 37 percent actually do.
And let’s face it, some workers, especially blue-collar workers, can’t wait to stop the daily grind. But if you can work and want to, a good place to start is the job you already have. It may be an option to stay in a reduced role.
“People who are doing what they love never want to retire,” Fraser says. “All the great people I know died in the saddle.”
2 Find a new career. “It takes a reframing of what you see as work,” Ferraro says. “It is rare that people step out of their job and into a new job.”
“Google ‘second career’ or ‘encore career,’ ” Tinyo says. “You could be teaching a cooking class, mentoring children on study habits. Doing a little research is a good way to start.”
Jeff Tennery, chief executive of the online company Moonlighting, says baby boomers in particular, even if they are forced to retire, have skills that can be used in other careers. And many need to keep working to avoid prematurely drawing from their retirement savings. His web site matches people looking for freelance or consulting work — anything from writing or tutoring to dog-sitting — with potential employers.