As retirement age approaches, many Americans are choosing to continue working well into their golden years. By 2033, it is projected that about 30 percent of Americans ages 65 to 74 will still be in the labor force, with 10 percent of people ages 75 and older expected to be working, according to the U.S. Bureau of Labor Statistics. This shift in the workforce demographic highlights the changing landscape of retirement and the increasing number of older adults choosing to stay employed.
A study conducted by the Transamerica Center for Retirement Studies found that 57 percent of workers across all generations plan to work in retirement, either full-time (21 percent) or part-time (36 percent). The primary reason cited for this decision is financial concerns, with many individuals fearing that Social Security may not be enough to support them in retirement. Additionally, some retirees may not have saved enough in retirement plans, such as a 401(k) or Roth IRA, during their working years.
However, financial reasons are not the only motivation for retirees to continue working. Some individuals may need access to group health insurance benefits or simply enjoy the sense of purpose, activity, and social connection that work provides. Renée Ward, founder of Seniors4Hire.org, notes that the pandemic has opened up legitimate work-at-home opportunities for older workers, who are often more tech-savvy than they are given credit for.
Before embarking on a job search in retirement, it is essential to define the desired work schedule, level of responsibility, and income goals. Renée Ward advises individuals to narrow their focus and be targeted in their job search to find fulfilling opportunities that align with their preferences and skills.
There are various part-time job options available for retirees, many of which offer remote or work-from-home opportunities. Here are 15 part-time jobs for retirees to consider:
1. Teacher or tutor: Opportunities exist for teaching classes or tutoring students in subjects like math or English.
2. Consultant or freelancer: Retirees with specialized skills and experience can work as consultants or freelancers for companies in need of their expertise.
3. Customer service: Remote customer service representative positions are available for older workers with knowledge and experience.
4. Phased retirement: Some professional positions allow for phased retirement, where individuals gradually reduce their work hours over time.
5. Researcher: Retirees can work as researchers for universities, businesses, or organizations in need of information gathering skills.
6. Government jobs: Part-time opportunities are available with the federal government and local government agencies.
7. Monetize skills and hobbies: Retirees can earn money by offering services related to their skills or hobbies, such as pet sitting or house sitting.
8. Sell expertise online: Creating online courses or content around areas of expertise can generate passive income for retirees.
9. Translator/interpreter: Retirees who speak foreign languages can find part-time work as translators or interpreters for various organizations.
10. Usher, ticket-taker, or museum guide: Part-time positions are available at performing arts centers, theaters, and museums for retirees with people skills.
11. Courier, light deliveries: Retirees can earn extra income by shopping for and delivering groceries, medicines, and other items.
12. Direct sales: Companies like Mary Kay and Avon offer flexible schedules for retirees to work as sales representatives from home.
13. Temp worker: Temporary staffing agencies connect retirees with short-term job opportunities in various industries.
14. Medical billing/coding specialist: Remote positions are available for retirees with computer, clerical, and customer service skills in the healthcare industry.
As the retirement landscape continues to evolve, older Americans have a wide range of opportunities to stay engaged, earn income, and contribute to the workforce. By exploring part-time job options that align with their skills, interests, and preferences, retirees can find fulfilling opportunities that support their financial goals and provide a sense of purpose in their later years.
