Many people live active and fulfilling lives past the retirement age of 65 and have accomplished more in their golden years than they did when they were younger. Some seniors keep working after retirement out of passion, they have found a job they love and wish to continue in their fulfilling work. Others need a little extra cash, others enjoy working as volunteers. Whatever the reason, many have found their wealth of experience remains a valuable asset to the community after retirement age.
The fertility rate is decreasing in many developed countries, and the aged population is increasing so many governments are concerned about the strain the elderly will put on the economy. Some of these countries are raising the retirement age past 65 for economic reasons. Many seniors are now finding fruitful jobs in the workforce to help alleviate this problem. (1)
Volunteer Work
Volunteer organizations such as Senior Corps, Samaritans, The Salvation Army, The Peace Corps and St. Vincent de Paul, to name a few, appreciate the help of seniors in their centers. Quite often their services would not be possible without the help of volunteers. Many seniors have found that working to help others has been one of the most rewarding experiences in their lives. Some governments will even pay unemployment benefits, to those approaching retirement age, in return for volunteer work at approved organizations. (2)
Caretakers
Retirement age is a good time to travel and see a country. Caravan parks, camps or national parks quite often need the services of seniors, as caretakers. They prefer the security and reliability of an elderly couple to keep and eye on the property. This can provide free accommodation and sometimes a small income for seniors, enabling them to travel to new places and meet new people. Many house owners need the services of house sitters while they are away from their house. They may need someone to care for the garden and the pets. Retirees are sought after for house sitting as they are known to live a quiet life in which they value and respect other’s possessions.
Consulting
Professionals, who have gained a wealth of experience over the decades, have found their knowledge and expertise to be sought after by many companies after their retirement. They are quite often invited, as consultants, to give training and seminars. Many ex- politicians and CEOs are paid considerable fees for their advice.
Starting a Business
Some seniors have found retirement age the ideal time to start their own business. A Home Stay is a popular business for retirees. Owning a business gives the senior the ability to employ others so they can work at their own pace.
Education
Many people have been unable to complete their studies due to pressing obligations when they were younger. Retirement can be a time to finally get a degree. Studies have shown it is important for aging people to keep their brains active and learning. A degree can launch a senior into a service in the community, which they have always wished to pursue, when they are free from financial pressure and family commitments.
Retirement age has proven to be a time of new beginnings for many seniors. A time to go places, meet people and do work they have never had the opportunity to do during their busy younger years.
Resources:
(1)Amy Belle, The Financial Edge, July 2, 2010, Raising The Retirement Age: 5 Countries Testing The Waters <http://financialedge.investopedia.com/financial-edge/0710/Raising-The-Retirement-Age-5-Countries-Testing-The-Waters.aspx>
(2) The Centre for Volunteering, <http://www.volunteering.com.au/become_a_volunteer/centrelink_information.asp>