Retirees are often faced with the decision of whether to continue working or to fully retire. While some may choose to retire to enjoy their newfound freedom, others opt to resume working for various reasons. One of the main drivers for retirees to continue working is the need for an additional income stream, especially as they transition to a fixed income.
In today’s economic climate, with factors such as inflation, higher costs of living, and soaring interest rates, many retirees find themselves in need of extra financial support. According to a recent survey by GOBankingRates, 38% of Americans plan to work part-time in retirement to help cover their bills and other expenses. This trend highlights the importance of finding suitable part-time job options for retirees.
Scott Lieberman, founder of Touchdown Money, suggests that there are several part-time jobs that are well-suited for retirees. One such option is becoming a rideshare driver, where retirees can earn around $15-$18 per hour, depending on tips. This job provides flexibility, allows retirees to interact with new people, and can help them stay active.
Another popular part-time job for retirees is pet sitting. Lieberman notes that pet sitters can earn $15-$25 per hour, with the potential to earn more by taking on additional pets or hosting overnight stays. This job is ideal for retirees who are not frequent travelers, as holidays tend to be the busiest times for pet sitters.
For retirees who enjoy golfing, becoming a golf course marshal can be a rewarding part-time job. This role involves patrolling the course, enforcing rules, and assisting golfers as needed. While pay varies depending on location, golf course marshals typically earn around $12 to $18 per hour.
Gene Caballero, co-founder of GreenPal, highlights lawn care as an excellent part-time job for seniors. Retirees can earn around $30-$40 per hour by mowing lawns, which also provides great exercise and an opportunity to stay active. Lawn care is flexible, allowing retirees to set their own schedules and choose the number of hours they work each week.
Additionally, retirees with expertise in a particular field can consider teaching or offering consultation services. Collin Plume, founder and CEO of Noble Gold Investments, suggests that retirees can earn $25 to $35 per hour by teaching courses or providing one-on-one consultations. This option allows retirees to leverage their knowledge and experience while earning a decent hourly rate.
Overall, there are plenty of part-time job options available for retirees looking to supplement their income or stay active in retirement. Whether it’s driving for a rideshare service, pet sitting, working as a golf course marshal, mowing lawns, or teaching courses, retirees can find fulfilling opportunities that suit their interests and lifestyle. By exploring these job options, retirees can continue to stay engaged, earn extra income, and enjoy a fulfilling retirement.