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What Are The 5 Keys To Successfully Transitioning From Work Life To Partial Retirement?

February 21, 2022

Senior Adults


by Michael Yublosky

There was an interesting article on Market Watch just last week. The author, Richard Eisenberg, wrote about his new life journey from a job he loved to what he calls his “unretirement” stage as a freelance column writer. He is obviously one of us who needs work as part of our retirement plans.

Eisenberg claims he has been contemplating and planning for his “unretirement” for years. In the article, he offered his advice for senior adults on how to navigate this period in life and what he claims are the five most important keys to a successful “unretirement”.

(I never did figure out why he calls it “unretirement” instead of something like transition.)

Key #1 is to “know what you will retire to.”

He cites a survey that found “54% of retirees said they wished they’d done better planning for the non-financial aspects of retirement.” They often don’t plan for how they will spend all their newfound free time. Some who are unprepared for it can spiral into depression, or worse. While others need the joy of part or full-time paid work or volunteering to make our days fulfilling.

Key #2 is to analyze your financial situation prior to leaving your full-time job and calculate a new budget.

It’s important to determine whether you’ll need a part-time or even a full-time job to supplement your situation. This is especially true if ‘unretirement’ was forced due to the pandemic or factors outside of your control.

Include current savings, expenses you will save by no longer working as well as all sources of income you expect during retirement. Factor in Social Security, pensions, 401Ks, cutting down optional expenses, part-time income, dividends and interest and assets you may sell. You may need to consult with a financial advisor if you do not have one.

Key #3 is the ability to say ‘no’.

This is also especially true when it comes to possible job opportunities for that extra income. Eisenberg cautions “just because you can do something doesn’t mean you should.”

Note: Last year I was offered a part-time gig for $25.00 per hour teaching fellow senior adults. But I had to commit to 20 hours a week. Plus it was a 1099 position so I could not put earnings through our corporation. I liked the opportunity to teach subjects I love but could not commit to the time nor the pay level for the kind of commitment they expected.

Key #4 is to make a schedule or to form a routine.

Try not to either over or under schedule your time. Leave room for unplanned events and pop-ups.

Key #5 is to emulate Marie Kondo and her approach to uncluttering.

Keep the things that bring you joy and discard the rest. And also remember this stage of your life is a journey and there will be twists and turns

Read the entire article by Richard Eisenberg “I left my job at age 65 and I don’t want to retire — what’s next?

Michael Yublosky
Michael Yublosky is truly an xBound success story. Yublosky specializes in LinkedIn and internet marketing and works on a part-time basis to stay current and relevant. He helps senior adults and small businesses establish their unique brand, identify target markets and keywords, differentiate themselves and develop professional strategies and tactics to engage with prospective employers or clients. He also teaches senior adults how to enhance their technology and computer skills to better adapt to current demands. Connect with Michael on LinkedIn.


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