Many older Americans enjoy being retired, but some are left seeking fulfillment. A survey conducted by MedicareFAQ found close to a quarter of retirees struggle to find meaning in their lives after saying goodbye to their jobs, while 22% reported the transition to retirement was more difficult than they anticipated.
For some retirees, going back to work may seem like the best solution. According to an analysis by LinkedIn, the share of baby boomers that exited retirement last year was 13.2% — a five-year high. And, as many as 1-in-4 retired Americans plan to remain gainfully employed during their golden years, according to MedicareFAQ.
Don’t miss
- Social Security isn’t enough: start collecting monthly retirement rent checks by becoming the landlord of Walmart, Whole Foods and Kroger — and you can do it without lifting a finger
- Nervous about November? Use these 3 ‘shockproof assets’ to protect your retirement nest egg in 2025 — no matter who takes the White Houses
- Protect your retirement savings with these 5 essential money moves — most of which you can complete in just minutes
The only problem, however, is that finding meaningful work at an advanced age can be difficult — especially if there’s a gap in your resume.
Work for yourself
If you’re more interested in working as a retiree to find purpose rather than to get a paycheck, this may be a good time to explore entrepreneurship. When you aren’t dependent on wages to support your family, you can take more time to become profitable and can work in a field you’re passionate about even if the pay isn’t great.
Try to find a low-cost business opportunity that plays to your skills. Consider things like babysitting, serving as a personal chef, freelance writing, dog walking, pet sitting or tutoring. These opportunities could provide a good work/life balance as well as the chance to turn hobbies you enjoy into a paying gig.
There are lots of online apps you can sign up for to jumpstart your efforts — or you can learn to create a basic website and advertise in some local groups to find customers.
Read more: The average cost for health insurance has jumped to $8,435/year — but just a few minutes can help you find more affordable coverage
Volunteer your time
Volunteering is another way to fill your time and potentially get your foot in the door at organizations that might hire you.
You could meet other professionals while doing volunteer work that may know of opportunities for you. Some charitable organization also offer paid positions, and depending on the type of work you do, they may be willing to bring you on if there’s an opening.
If that doesn’t pan out, volunteer work would still help you bring your resume up to date if you have a job gap after retiring. And, you may just decide you prefer to give your time for free for a cause you care about rather than joining the corporate grind — especially if you have plenty of retirement savings.
Build your network
Finding employment might be easier if you expand your network of contacts. If you’re familiar with a person or company that’s hiring, you may have a better shot at landing a paid position.
Online tools like LinkedIn can help, or you can find out if any professional groups operate in your area. You can also reach out to past employers or old co-workers to see if they have any leads.
Know the law
Finally, you should know the laws. Age discrimination is prohibited under The Age Discrimination in Employment Act (ADEA). If you’re over 40 years old and a company treats you in a discriminatory way due to your age, you may be able to file a charge.
By following these tips, hopefully you can find something that gives meaning and purpose to your days. After all, you only get one retirement and you deserve to enjoy it.
What to read next
- I’m 49 years old and have nothing saved for retirement — what should I do? Don’t panic. Here are 3 of the easiest ways you can catch up (and fast)
- Millions of Americans are using their spare change to quickly boost their retirement savings — even Ashton Kutcher and The Rock are catching on. Here’s how
- Suze Orman: If you think you’re ready to retire, think again — 3 critical money moves to avoid a financial crisis in retirement
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.