Working after Retirement

Are you retired but still want to work? BeyondWage is the perfect place for you. To search job opportunities and to be able to tailor your compensation in a way that fits your needs and wants. 

Don’t be afraid to lose any of your benefits because you will be making too much salary. Structure your compensation in a way that makes sense for you, your future, and the future of your family.

Graphic of a woman standing with a tablet and some icons around her relating to salary

Why Work After Retirement

A 85-year Harvard study found that one of the key things to make us happy in life is to have positive relationships. One problem some people might have when they retire is that a lot of their friends were also their colleagues and in retirement those relationships start to deteriorate. At this time in life a lot of people will try and enjoy their retirement, so those positive relationships are very important.

Some people might get bored after retirement or want to make sure that they stay physically and/or mentally active. Working is a good way to stay on top of whats happening in the world, interact with people, and be either physically or mentally active if not both. This could not only help with staying busy and not being bored but also could help with health reasons, by being active. Additionally, some companies even if you work parttime might offer gym memberships or other benefits that you can take advantage of.

One of the major reasons you might want to still want to or even have to work after retirement is to make some money. Getting a job on the side can help supplement any retirement money, savings or aid. However, making certain amounts of money could have an impact on your other retirement income streams. That is why it is important to know exactly how much and what you can earn.

Working after retirement can help you make some extra money which can be passed down to other family members. Especially in the case of alternative forms of compensation like stocks, this could be an interesting option if you believe in the long term value of that particular stock.

There are more and more jobs that offer certain perks and benefits when you work with them on a parttime or fulltime basis. These benefits can for example be a gym membership but also outings with work, cultural excursions or just parties. Additionally, things like health insurance or other types of insurance could be included, which might save you a lot of money by not having to take care of it yourself. Knowing exactly what kind of perks and benefits there are out there can help you get a job to take full advantage of these benefits.

Compensation

  • Know How Much Compensation You Can Ask

    Depending on your situation you might not be able to get over a certain amount of salary to qualify for aid or other benefits. If this is the case it is important to know exactly how much compensation you can ask. The types of compensation could also impact this, some types might not be counted the same as regular fiat salary.

  • Know What Types of Comepensation Mean for You

    Different types of compensation can have different implications for your sitation. It can affect other aid or benefit but it also directly impacts what you can do with it. For example stock options might be a good option for you when you dont want to earn to much cash but it might take a long time before you can actually cash out those options.

Examples of Different Compensation Types

Hourly Salary
Hourly Salary
Cryptocurrency
Cryptocurrency
Stock Grant
Stock Grant
Stock Options
Stock Options
Deffered Payment
Deffered Payment
Performance Bonus
Performance Bonus
Learn More About Compensation Options

Find a Job When Retired

The best retirement jobs depend on the individual’s experience and interests. Some jobs suitable for retirees include consulting, tutoring, customer service, freelance writing, technical writing, and administrative work. Other possibilities include working as a virtual assistant, traveling and tour guide, pet and house sitting, or taking on a role with a charity or non-profit organization. In many cases, work can be found through job postings on websites and local newspapers. Retirees may also consider starting their own businesses. 

Tips if you are looking for a job when retired

  • Network

    Broaden your professional network by connecting with recruiters, organizations, and other professionals.

  • Update Your Skills

    Look into training and certification programs to maintain or enhance your skill set.

  • Consider Flexible Work

    You may want to explore remote and telecommuting jobs or seek independent gig work.

  • Research Local Opportunities

    Look for opportunities in your local community, such as volunteer roles, part-time jobs, or seasonal work.

  • Think Outside the Box

    Explore options outside the traditional 9-5 job, such as errands for a business, event photography, or even housekeeping.

  • make the Most of Benefits

    Look for retirement jobs at employers that offer retirement benefits, like pensions and health care.

  • Use Your Hobbies

    Turn your hobbies and interests into extra income by providing services, teaching classes, or creating products.

  • Pay Attention to Regulations

    Understand all the regulations surrounding Social Security benefits, Medicare, and Pension eligibility

  • Stay Connected

    Participate in job boards and newsletters in your chosen industry to stay current on the latest job listings.

  • Set a Schedule

    Plan and create a predictable schedule that suits your retirement lifestyle.