Do You Plan to Work in Retirement?
An increasing number of employees nearing retirement plan to work for at least some period of time during their retirement years. The obvious advantage of working during retirement is that you'll be earning money and relying less on your retirement savings — leaving more to potentially grow for the future and helping your savings last longer.
But there are also non-economic reasons for working during retirement. Many retirees work for personal fulfillment — to stay mentally and physically active, to enjoy the social benefits of working, or to try their hand at something new. The reasons are as varied as the retirees themselves.
If you're thinking of working during a portion of your retirement, you'll want to consider carefully how it might affect your overall retirement income plan.