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Episode 1250:
Kathleen Coxwell's exploration on NewRetirement.com delves into the multifaceted reasons retirees choose to work, revealing that personal fulfillment and lifestyle enhancements are just as significant as financial incentives. Discover why the pursuit of meaningful engagement, social connections, continuous learning, and health benefits are compelling retirees to redefine the traditional retirement paradigm.
Read along with the original article(s) here: https://www.newretirement.com/retirement/reasons-to-work-in-retirement/
Quotes to ponder:
"It is not uncommon to lose a sense of meaning or purpose in retirement. Seeking a job that is personally rewarding is a great way to combat post-retirement blues."
Episode references:
Employee Benefit Research Institute (EBRI): https://www.ebri.org/
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[00:00:26] Savings may vary by state. Restrictions apply. See site for details. And today, we're going to hear from Kathleen Coxwell talking about retirement. And we tend to think of retirement as an ending, a point where you're done with work, you're going to travel, you're going to spend time with grandkids, whatever. But that's not necessarily the case. A lot of people actually work in retirement, and Kathleen's going to tell us all about that. So let's get right to it and optimize your life.
[00:02:45] plan for either financial reasons or personal fulfillment. You might just be inspired to pursue the classified ads or update your LinkedIn. Number 1. 84% work to fund discretionary expenses.
[00:02:54] Discretionary expenses, travel, dinner out, new sports equipment, etc., is spending that improves
[00:03:00] your enjoyment of life. At a minimum% Work to Fund Essential Expenses Cue the tense and stressful music. It is probably not the best idea to retire before you have a plan in place to at least cover all essential expenses. But things happen, and people define
[00:04:25] retirement in a variety of different ways. crave. Friendships can sometimes be difficult to
[00:05:41] cultivate in retirement. Besides work, joining clubs were a kid. Quote, When you're a kid, everything is novel, and you're laying down new memories about it. So when you look back at the end of a childhood summer, it seems to have taken a long time
[00:07:03] because you remember this and that, this new thing, learning that, experiencing that. A job is a great way to bridge the time between retirement and starting social security. You just listened to the post titled The Top 8 Reasons Why People Work in Retirement. Four have absolutely nothing to do with money. By Kathleen Coxwell of NewRetirement.com.
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