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Words of Wisdom For Senior Adults 50+ Considering Unretiring

June 2, 2022

Older Woman

Older women working in retail

by Michael Yublosky

Just yesterday U.S. New & World Report ran an online article entitled “How to Unretire”. It pointed out both some positives as well as some negatives for senior adults 50+ contemplating returning to work. It cautioned you to consider several areas and not aimlessly take the plunge.

Some Of The Reasons People Unretire.

Your financial situation may be a concern in light of rising inflationary pressures. Dipping into your principal savings can be very disheartening and scary. You may decided to cut back and lessen expenses or you may opt to return to work, perhaps just on a part time basis.

Lack of a fixed schedule or hobbies you enjoy may cause you to feel bored from inactivity. Jobs provide structure as well as opportunities to socialize and make new friends.

Undertaking a new career path offers an opportunity to once again feel success. You may even feel a renewed sense of accomplishment in trying a new career. Returning to work can provide a new life’s purpose.

Your Next Steps If You Choose To Unretire

A good place to start your job search is at your previous employer if you’re seriously thinking of returning to work. They may welcome your experience and organizational knowledge.

  • If that is not an option, the article advises you to consider some or all of these factors:
  • Would you still be able to keep up with the physical demands of a new job?
  • Are you willing to learn new technology requirements?
  • Can you return to a fixed work schedule?
  • Do you prefer in-person or remote work?

The article also led me to an interesting previous post – “10 Tips for Working in Retirement”. It outlined the following in a slide format:

Financial considerations:

  • Gives additional time to save for retirement.
  • Delays 401(K) witrhdrawals.
  • Allows you to make catch-up contributions to retirement accounts.

Personal considerations:

  • Attain a better balance between work and lifestyle.
  • Chance to socialize and provide stimulation, both physical and mental.

The author also advises you to consider implications concerning collecting social security benefits and Medicare coverage.

All things considered, the advice and recommendations are sound if you are considering unretiring.

Get started on your job search here at xBound. We connect senior adults 50+ with companies looking to hire experienced, mature workers. Click below to get started today. Get Started Button


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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2 thoughts on "Words of Wisdom For Senior Adults 50+ Considering Unretiring"

  1. Remember in working with your former employer that they may want you to be 1099 worker. Technically that means you are self-employed and generally not eligible for benefits.

    1. Michael Yublosky says:

      Thank you for adding that reminder. If you are paid by 1099 you would also be responsible for paying your own taxes, including your employer’s portion of social security and medicare.

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