By Donna Erickson
For many adults over 60, the idea of retirement evokes thoughts of days with less structure and doing more of what we love. However, after a few months or years, many of us realize we want to work again. Going back to work in retirement can be as simple as getting a part-time job or as big as starting your own dream business. The options really are limitless — these are just a few ideas to get you started.
Home-Based Startup
For most of us who have never been business owners, we spend our lives focused on steady work and rising up in our chosen field. Entrepreneurship requires a completely different mindset, but that doesn’t mean you can’t break the mold. In fact, retirement can be the best time to start a business because you don’t have your family’s entire financial future at stake.
If this sounds like it may be a fit for you, the first question is what type of home-based business to start. One option is to work freelance or as a consultant in the same field you spent your career in. Another option is to start an e-Commerce business. We especially love the idea from Business News Daily for creating an information-based website that focuses on a specific topic, such as a favourite hobby.
Unlike traditional businesses that require a hefty startup cost and investing in products or equipment, the primary tool you need for your home-based business is a good smartphone. More than just a way to make phone calls, your smartphone can run apps that help maintain your schedule, create marketing materials, run financial reports, and much, much more! This is why you may want to look into upgrading your device if you haven’t done so recently. Be sure to research the latest options too so you can find the right one that will accomplish what you need.
Insurance and Finance
If you have a head for business, another option is to get into a field involving finance or insurance. We recommend these fields because they have the potential to be very lucrative and are jobs that are in high demand. For anyone who has experience in the financial sector, AARP recommends preparing tax returns, or you could work part-time as a bookkeeper.
Fortunately, getting started in this industry is as easy as creating a profile on a site like Upwork. That way you can easily connect with people who are looking for your services!
Hobby Turned Hustle
As an alternative to the world of business and finance, many older adults find opportunities to turn their hobby into a hustle that generates income. If you’re an artist or crafter, you could start attending festivals to sell your creations or find places to sell online. Another option is to put your knowledge to use working in a local art supply shop.
Caregiving and Teaching
For older adults who love being around children, caregiving can be extremely flexible. You may want to do babysitting, or you may prefer a permanent position as a nanny, after-school care provider, or daycare provider. If you have experience teaching, consider a job as a tutor or teacher’s aide. Or if you feel most at home with furry companions, pet sitting is a perfect part-time gig that is always in demand. As more pet parents are choosing to leave their fur babies in the hands of a sitter rather than a kennel, this is a job that will only continue gaining popularity.
Everyone has different reasons for choosing to work after retirement. Maybe your savings are dwindling, and you feel the pull to work as a necessity, or maybe you just want to get back out there to do something you find fulfilling. Whatever your motivation is for returning to work, there is an opportunity out there just waiting for you to take it. If you’re an older adult looking to build your skills, re-enter the workforce, or pursue your entrepreneurial dreams, contact Top Sixty Over Sixty to see how our team can help you drive your success!