New Ways to Think about Retirement
For many people, "to work or not to work" used to be an all or nothing decision. Today, though, not everyone retires from long service in one job with a new watch and a one-way ticket to Florida.
Some of us need to keep working to keep food on the table. Others simply enjoy work and want to continue using professional skills as long as possible. If you're still working and thinking about retiring, or if you've retired from a lifelong career and are thinking about trying something new, here are some options to think about:
1. Take a slow exit.
• Talk with your employer about gradually cutting back on your hours. This will make the transition easier for you and will give your employer the time to train someone to do the job after you leave.
• You may be able to work less and still keep your health and retirement benefits.
2. Try a new job on a part-time basis.
• If you want to keep working, but you're ready for a change and you'd like to work less than you are now, consider trying a new career on a part-time basis.
3. Share your job.
• If you're happy where you are, but you want to cut back on your hours and your company doesn't offer part-time work, what can you do? Ask your employer about doing a job share with another employee.
• You might be able to work just a few days a week or just part of every day.
4. Be a temp.
• If you'd like to explore a different job, but you don't want to commit yourself to long-term work, talk with a temporary agency.
• You might be able to work part-time or full-time for a while for several different businesses.
5. Take a break.
• If you're thinking about retirement, but you're not sure that a total break from work is right for you, ask your employer if you can take a short leave of absence—also called a sabbatical.
• You may find that you're ready to stop working after all—or you may find that you'd like to go back to work doing something completely different.
Point to Ponder
The first year after retirement can be full of emotions. You might experience a combination of relief, anxiety, excitement, and confusion about your new identity as a retired person.
These feelings are entirely normal. If they become overwhelming, don't hesitate to talk with a clergy person, a doctor, or a counselor.
Next: Retirement Bonuses
