Once upon a time we all dreamed of those lazy and well earned days of retirement. We worked hard, contributed to our Social Security Funds and even managed to put aside some money into retirement funds. Our homes with their paid off mortgages would add to our financial well being. All and all we had dreams of sunny days on the golf course, traveling, having time to enjoy all those hobbies and other activities we had put off until we had enough time to devote to them.
And then the age of retirement started to creep up. Then along came the “Recession”. 401k plans and other investment vehicles we had so carefully planned to grow in order to meet our retirement financial needs plummeted. Our homes lost their values devaluing our nest eggs. And some borrowed against their 401k and re-mortgaged their homes just to survive while we waited for the promised recovery that is most likely years away. And retirement keeps getting further and further away.
So more retirement aged people are deciding to continue working to make up the shortfall. But it is not all bad news. A recent study showed that older people that continue to work are healthier on average. So look at this as an opportunity. If you have already retired but are wondering if you should get back in the work force, jump in. You might look into a career that is entirely different than the one you retired from. Or this might be just the right time to start that business you have being dreaming about. Take advantage of the education and retraining opportunities available for older folks. It is never too late to go back to school.
Help your financial status, be healthier and stimulate your mind and well-being by turning the golden years into productive years.
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