5 Benefits of Working in Retirement

When you retire, how will you treat your next chapter? Here are 5 reasons why you may consider working through retirement.
5 Benefits Of Working In Retirement

In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 30.7 percent by 2031, up from just 25.8 percent in 2021. As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits.1

1. BLS.gov, 2023




Mental Benefits

Working during retirement helps maintain mental agility as you learn new skills, which can help improve your thinking ability. People who pursue meaningful activities say they feel happier and healthier.2

2. NIH.gov, 2023





Physical Benefits

Staying active during retirement years is crucial for continued health. Whether you choose to work full time, or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.





Financial Benefits

Besides the obvious extra income, working during retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security past your full retirement age (up until age 70), your benefits can increase by 8 percent annually. Finding a strategy that works for you can truly pay off.3

3. SSA.gov, 2023




Emotional Benefits

Studies have shown that a sense of purpose has been associated with a longer lifespan and better quality of life. Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your later years.4

4. TheHealthy.com, May 17, 2023




Deciding to continue to work in retirement is a big choice you’ll be faced to make. As a Fee-Only Financial professional, I may be able to help. I can help show you how your various investment accounts can work together toward your retirement and how continuing to work, even a little bit, may help or harm your finances in retirement.

If you would like to review your current strategy, please contact our office.


Brian Bickett, CFP at Iron Mountain Financial Planning, LLC

Brian Bickett, CFP®

Brian Bickett is a fee-based CERTIFIED FINANCIAL PLANNER™ professional located in Rapid City, SD and serving clients across the country. His financial advisor approach provides him deep understanding of your retirement goals and allows him to connect your money to your life in a way that feels right to you.

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