For some, retirement is an end to a chapter of your working life. The rules behind retiring have changed in recent years. People are starting to see retirement as an opportunity to enjoy life after careers. Retirement could be a chance to pursue a life long passion or a completely new venture.
There are five benefits of working after retiring:
- Mental Health
- Physical Health
- Financial Benefits
- Emotional Benefits
- Social Benefits
In the past, retirement has been an ending, a grand exit from your years in the workplace. However, the rules are changing. The predication is 32% of people aged 65 to 74 will take part in the work force in 2020. This is up from 20% in 2002. Therefore, as the Baby Boomer generation ages, retirement is an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits.
Working during retirement helps maintain mental agility as you learn new skills. Staying engaged in work helps build “mental muscle.” This can lessen the risk of developing dementia and Alzheimers and ward off the signs of aging.
Staying active during retirement years can be helpful. Working full time, volunteering a few days a week, or engaging in some form of work will keep your body moving. and give you opportunities to stay balanced, strong, and healthy.
Extra income may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent. Additionally, finding a strategy that works for you can pay off.
Studies show that a sense of purpose has can lengthen lifespan and quality of life. First of all, doing something you love, starting a new business, or mentoring others can help with depression. Secondly, it can provide a healthy sense of fulfillment and direction in your later years.
One of the risks associated with retirement is isolation. Some say that isolation is as bad as smoking a pack of cigarettes a day. Working with others reduces this risk. Finally, it can give you a chance to build connections and enjoy meaningful interactions.