What are the benefits of continuing to work after retirement?
- Creating purpose in retirement
Once finished working full-time, many retirees feel as though they've lost a sense of purpose or simply get bored, unsure of how to spend their days. It's important to stay active and engaged following retirement. Our providers appreciate the purpose they're given when they are actively improving the lives of others through their flexible, part-time work. - To make some extra income
It can be tough to adjust to the changes in income upon retirement. Being able to continue earning an income for such rewarding, fulfilling work is a great benefit. - Maintaining good mental/physical health
According to an article from the National Bureau on Economic Reporting, "complete retirement leads to a 5-16 percent increase in difficulties associated with mobility and daily activities, a 5-6 percent increase in illness conditions, and 6-9 percent decline in mental health, over an average post-retirement period of six years. Models indicate that the effects tend to operate through lifestyle changes including declines in physical activity and social interactions." Continuing part-time work allows one to stay social and active, mitigating many of these risks associated with full retirement.
Here are some extra articles that go into further depth on the benefits of continuing to work after retirement:
Working Later in Life Can Pay Off in More Than Just Income - Harvard Health Publishing
Working Longer May Benefit Your Health - New York Times