You don’t need to slow down entirely once you retire. As you ease into this new phase of life, take an individual approach and do what most appeals to you. Consider a weekly routine that involves work, recreation, personal growth or other activities you’d like to learn about.
The following creative options can help fill your days as you plan your retirement journey.
Gradual Retirement
A slow reduction of hours might work well for those who enjoy their careers or aren’t eager to leave the workforce. Another option is shifting into a role as a mentor or advisor. These positions allow you to pass on your expertise to younger colleagues and benefit from a more flexible schedule. Before committing, check with your employer about how such changes might impact your workplace benefits, including health care and retirement savings.
Part-Time Work
If your current job doesn’t offer the option to cut back on hours, consider finding a part-time role in a new field. A side job can help you stay socially connected, maintain a sense of purpose and provide supplemental income. Look for opportunities that align with your passions or hobbies. For example, you could work at a bookstore or become a docent at a museum. You’ll benefit financially and also add structure and variety to your routine.
[See: 15 In-Demand Jobs for Seniors.]
A New Career Path
If you are anxious to retire because you don’t feel fulfilled at your current job, it might be time to explore a new career. Many industries offer accelerated training programs or certifications designed for individuals who want to make a shift. Think about applying your skills in a different context or industry. For example, teachers might transition into corporate training roles, or project managers could find work in nonprofit organizations.
Seasonal Jobs
Seasonal work offers a balance for retirees who want to be active without a year-round commitment. These roles are often tied to specific times of the year, such as working at a summer camp, a national park or a ski resort. Holiday retail positions are also popular and can provide extra income during peak seasons.
[Read: What Happens if You Work While Receiving Social Security.]
Lifelong Learning
Colleges and universities throughout the country offer programs tailored for older adults. Some institutions provide free or discounted tuition for retirees. Whether you’re interested in taking a single class for fun or studying for a full degree, returning to the classroom can be a rewarding experience. Some universities have developed retirement communities on or near campus, offering a unique blend of academia and social engagement.
Sabbaticals
For those still employed, a sabbatical could offer the chance to take an extended break without altogether leaving the workforce. This time away can be used for travel, personal projects or evaluating overall goals. If your workplace offers this benefit, it can serve as a step toward retirement or help you decide what your next chapter might look like.
Mini-Retirements
Instead of waiting until the end of your career to make a complete break, consider taking time away before you retire. These breaks typically last several months to a year and offer the opportunity to travel, pursue hobbies or spend quality time with family. Planning for mini-retirements requires some financial management, but they may provide you with a sense of balance and fulfillment.
Focused Career Breaks
If there’s a project you’ve always wanted to tackle — writing a book, building a business or volunteering abroad — a focused career break might be the answer. Taking time away from work to achieve a specific goal can be incredibly fulfilling and may reignite your passion for your career. Once you’ve achieved the milestone, you can decide whether to return to the workforce, switch to part-time work or explore other options.
Entrepreneurship
Starting a small business can be an exciting way to redefine work. Your years of experience and professional network can give you a significant advantage when launching a venture. Some options include consulting, freelancing or starting a business aligned with your hobbies or interests. Be cautious about investing too much of your retirement savings into a business and ensure you have a financial safety net.
[What You Need to Know About Running a Business in Retirement]
Hobby Jobs
Turning a hobby into a source of income is a fun and flexible way to stay active in retirement. Whether selling handmade crafts online, teaching music lessons or offering photography services, hobby jobs allow you to earn money while doing something you love. These activities may not generate substantial income, but they can help you find ways to do what you love.
Travel Jobs
If you love discovering new places, working on a cruise ship or teaching English in another country could be a good fit for you. House-sitting and pet-sitting gigs often come with perks like free lodging or the chance to spend time with furry companions. These opportunities allow you to explore the world while earning an income and often come with additional benefits like free accommodations or travel discounts.
Shared Working Arrangements
Another option is sharing a workspace with friends or others in your network. This allows you to stay connected socially and even collaborate. Some retirees team up to create home-based businesses, garden cooperatives or shared art studios. These arrangements can lower rental costs and keep you connected to like-minded acquaintances.
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12 Alternatives to Full-Time Retirement originally appeared on usnews.com
Update 12/19/24: This story was previously published at an earlier date and has been updated with new information.
