By Eric Chetwood, CFP®
At Adams Chetwood Wealth Management, we believe that it is just as important to know what you are retiring to as it is to know what you are retiring from. The word “retire” literally means “to withdraw,” and we don’t want that for our clients. We don’t want you to withdraw from life; we want you to pivot to another passion and engage in a whole new adventure. While the career chapter of your life may have come to an end, it’s still beneficial to find new ways to stay involved and active. It is important to continue to have a sense of purpose and outlets for creativity and interaction.
A part-time retirement job may be just the ticket to add some variety, responsibility, and (not that you need it) extra money back into your life. We suggest finding a job that is flexible and enjoyable. We by no means want you to go back to the daily grind of a demanding job and long hours if you don’t have to. What is it that you’ve always wanted to do but haven’t pursued for one reason or another?
To get you thinking, we’ve compiled a list of job ideas and volunteer opportunities perfectly suited for retirees looking to get out in the community and begin that next adventure.
Job Ideas for Retirees
- Adjunct professor: If you were a specialized professional during your working years or hold a master’s degree (or higher) level of education, you may be qualified to become an adjunct professor at your local college. Your years of professional experience would allow you to teach with firsthand experience and real-life examples. That sort of educational experience would be incredibly valuable to the next generation of professionals.
- Tour guide: Tour guides are utilized in a wide variety of settings. For example, city guides get to share their favorite places and history with visitors by bus, on foot, or even on trolleys or other forms of transportation. Museums, landmarks, and other cultural exhibits often utilize tour guides. We’ve all experienced a good guide. If you’re passionate about your tour’s topic, you’re sure to leave a lasting impression on your visitors.
- Park ranger: Most outdoor enthusiasts can probably agree that working in a national park would be a pretty good gig. As a park ranger, you can enjoy the beautiful scenery, guide guests, and help maintain the park. Of course, there are various other jobs within a national park such as a docent, guard, maintenance, or administrative roles. Some parks even employ scientists and conduct studies.
- Tutor: Whether you were previously a teacher, have an area of expertise, or simply enjoy helping others, being a tutor can be a very rewarding job. You could work at an elementary school helping students learn to read, or at the high school or college level for your specific areas of interest. While the age of students and topic will dictate the required background education, tutoring can be a very flexible option for those only interested in working a small number of hours each week.
- Event worker: Get paid to see a concert, sporting event, or show—what’s not to like? As an event worker, you may be assigned to an entrance gate taking tickets, ushering people to their seats, or monitoring the premises. While you may not get to see the whole main event, you’ll likely get a peek and you’ll get to enjoy the energy and atmosphere, all while bringing in extra cash.
- Freelance work or consulting: Thanks to the internet, finding freelance work is easier than ever. The options are endless. A few example areas where known freelance work is readily available include writing, editing, fitness instruction, graphic design, photography, consulting of any sort, and working as a virtual assistant. While finding clients takes a bit more effort than applying for a standard job, many enjoy the flexibility and ability to be creative within their work. People and companies are willing to pay for skilled workers, especially on projects, to avoid hiring a dedicated employee to get the job done.
Volunteer Opportunities for Retirees
Another great use of time during retirement is volunteering. Let’s face it, committing to volunteer while working full-time is hard. With a more open schedule, you can prioritize helping those around you and your community.
If you’re looking for the right opportunity for yourself, consider looking at something you’re passionate about. Many consider their volunteer “work” turns into a hobby if it’s for an organization or cause they feel personally connected to.
- National organizations: Nonprofits such as United Way have lists of opportunities available in your area on their website.
- Shelters: Serve a meal to the homeless or walk a dog at an animal shelter.
- Church: Churches often need volunteers to teach, decorate, or assist with events. It’s common for church groups to participate in outreach events or participate alongside other community volunteer events.
- Nonprofits: Museums and other landmarks often rely on volunteers to maintain and run their facilities.
Need more inspiration? There are many online resources available to job seekers today! Search your local job board. Visit coolworks.com for seasonal opportunities or retirementjobs.com for jobs specifically picked for retirees.
We hope you find a meaningful way to spend your time during retirement. And if you’re making some extra money along the way, you can offset your hobbies without throwing a wrench in your retirement plan.
If you’re curious about how part-time employment can impact your retirement budget or affect your taxes, schedule a complimentary introductory meeting online or reach out to us at firstname.lastname@example.org or (919) 287-5660.
Eric Chetwood is managing partner and CERTIFIED FINANCIAL PLANNER® (CFP®) at Adams Chetwood Wealth Management Group, a faith-based Registered Investment Advisory (RIA) firm located in Durham, North Carolina. Eric graduated from the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill in 2003 with a bachelor’s degree in business administration and has been on the Adams Chetwood team for over 15 years. Eric spends his days helping clients with comprehensive financial planning and portfolio construction and helping them navigate the opportunities and challenges of each stage of life. Away from the office, Eric enjoys effecting change in the local community. He was chosen to participate in the 2007 Leadership Durham program and the 2009 Leadership Triangle program. Currently, Eric serves as a directional Elder at the Summit Church. He also serves on the board of directors for the NC Study Center at UNC-CH and previously served on the board of Samaritan Health Center, an organization that provides medical care to uninsured and low-income families in Durham. He and his wife, Allison, have two sons, and are passionate about adoption advocacy as well as leveraging their gifts and resources to alleviate physical and spiritual poverty through microfinance and social businesses. To learn more about Eric, connect with him on LinkedIn.