Semi-retirement means a certain period of time when you work and enjoy retirement at the same time and the work you are doing during this stage is usually part-time. Some people choose to get busy again after they know retirement feels like, while others choose to work in retirement when early retirement is unavailable to many people.
Semi-retirement friendly jobs:
- Part-Time jobs:
Part-time work is a good option for semi-retirees because it doesn’t take up too much time, and it is financially rewarding and satisfying for people who have experienced life of retirement.
- Work from Home
It would be ideal for semi-retirees to be able to work from home. Thanks to the Internet and smartphones, all kinds of soho jobs are now available.
If you have unrealized dreams that can make money for you, starting your own business would be a good choice. But if you invest too much time in the business, you may become busier than a full-time employee.
Income taxes, social security and insurance policies are all important factor that should be taken into consideration. The combination of retirement income and part-time income can result in higher tax rates, so adjusting hours of work or withdrawing funds from a 401(k) can be a better choice under such circumstances. Until full retirement age, retirees who choose to continue working may see a reduction in their monthly Social Security benefits. Even if you work part-time, don’t forget to enroll in a health care plan available to people working in retirement.