Key Points
- A part-time job in retirement can keep you from getting too bored.
- A part-time job can also help reduce the anxiety that many retirees have when it comes to possibly running out of money.
- There are many interesting part-time jobs that can be enjoyable and provide great extra income.
Retirement doesn't necessarily mean the end of working life for many people. Many retirees want to continue working, but on a part-time basis to balance their lifestyle and financial needs. A part-time job can be a great way for retirees to stay active, engaged, and earn extra retirement income.
Many retirees have a retirement plan in place using DIY financial and retirement planning software such as WealthTrace. You can sign up for a free trial of WealthTrace and build your own retirement plan. Using retirement planning software some of them have found that if they spend just a little more than expected, they are in danger of running out of money.
And what happens if you live longer than you expect? That too can throw a monkey wrench into a retirement plan. This is yet another reason to generate a little extra income in retirement.
There is also the possibility of higher inflation or another major recession which can deal a serious blow to retirement portfolios. With some extra income coming in, this helps with expenses while your portfolio can build back up again when the financial markets recover.
So what jobs can a retiree do that are part-time and not too stressful? We have compiled a list of great options:
Virtual Assistant: Many businesses and entrepreneurs require virtual assistants to help with administrative tasks, scheduling, and email management. Retirees who have experience in office administration can work as virtual assistants from home. Virtual assistants can set their own hours and work as much or as little as they want.
Bookkeeping: Retirees who have a background in accounting can work as part-time bookkeepers. They can assist small businesses with their accounting needs, including bookkeeping, invoicing, and payroll.
Substitute Teacher: Retirees who have teaching experience can work part-time as substitute teachers in local schools.
Writing: Retirees who have a passion for writing can work as freelance writers. Freelance writers can work from home and write articles, blog posts, and other content for businesses and publications. Many freelance writing opportunities are available online.
Photography: Retirees who have a passion for photography can work as part-time photographers. They can take photos at events or offer portrait photography services. Part-time photographers can work on a project-by-project basis and set their own hours.
Personal Trainer: Retirees who have a passion for fitness can work as personal trainers. They can provide one-on-one training sessions or lead group fitness classes. Personal trainers can work at fitness centers or offer services in clients' homes.
Gardener/Landscaper: Retirees with a green thumb can work part-time as gardeners or landscapers, helping clients with lawn maintenance and gardening tasks.
Tour Guide: Retirees who have a passion for history and culture can work as tour guides. They can work at museums, historical sites, or lead walking tours of their city. Tour guides can set their own hours and work as much or as little as they want.
House-sitting: Retirees who love pets and traveling can work as house sitters. They can take care of pets and homes while the owners are away. House-sitting can be a great way to travel and see new places.
Personal Shopper: Retirees who enjoy shopping and have a good sense of style can work part-time as personal shoppers, helping clients find the perfect outfit or gifts.
Event Planning: Retirees who have experience in event planning can work part-time as event planners. They can assist with planning weddings, corporate events, and other types of events. Event planners can work from home and set their own hours.
Online Teaching: Retirees who have teaching experience can work as online teachers. They can teach English to students in other countries or tutor students in a particular subject. Online teaching can be done from home, and the hours are flexible.
Personal Chef: Retirees who enjoy cooking can work as personal chefs. They can cook meals for individuals or families in their homes. Personal chefs can set their own hours and work as much or as little as they want.
Non-profit Work: Retirees who want to give back to their community can work part-time for a non-profit organization. They can assist with fundraising, event planning, or other administrative tasks.
Retail Merchandising: Retirees who have an eye for fashion and design can work as retail merchandisers. They can assist with setting up displays and arranging merchandise in retail stores. Retail merchandising can be a fun and creative job.
Translation: Retirees who are bilingual can work as translators. They can translate documents, websites, or other materials for businesses or individuals. Translation work can be done from home, and the hours are flexible.
Social Media Management: Retirees who have experience with social media can work as part-time social media managers. They can help companies with managing their social media accounts, creating original content, and analyzing metrics.
Part-Time Work Might be for You
Working part-time in retirement doesn’t have to be as intense as your full-time job was. Just working a few hours a week has shown to bring mental health benefits to thousands of retirees. It can also give you that extra income you need to travel more, dine out more often, or simply have less anxiety about running out of money.
Are you all set for retirement? If you aren’t sure, sign up for of free trial of WealthTrace to get started on your financial and retirement planning.