Blowing out the candles on the cake at your retirement party brings your full-time career to an end, but you don't have to retire from life itself. The average American retires at the age of 62, according to a 2014 Gallup poll, which means that once you hang up your metaphorical work hat, you've got plenty of time to find another hat to wear.
If you've coveted the idea of working for yourself but didn't have time when you worked full time, retirement provides the opportunity to work on a part-time basis. Whether you want to sell your homegrown produce at the local market, knit clothing for children in need or turn your business expertise into a consulting position, retirement can give you enough spare time to shift your attention to an area that can earn you some money.
Volunteer Your Time
Volunteering in your community can feel extremely rewarding, and retirement is an ideal time to donate your time to a worthwhile cause. Think of the organizations with which you resonate, such as a food bank, a church group, a sports organization or a group that offers programming for youths. A volunteer position can be an effective transition from working full-time to retirement, as it gets you out of the house a couple days a week.
Travel the World
Many retirees take advantage of their open schedule to travel, whether it's a Caribbean cruise, a long-coveted road trip across the country or just more time spent relaxing at the cottage. Although the idea of traveling with your spouse can appeal to you, talk to a local travel agency about travel ideas for retirees. Many agencies organize events such as bus trips and cruises for retirees, which gives you the chance to meet new peers.
Never Stop Learning
Retirement provides enough spare time to further your education by taking a class online or at the local community college, enrolling for lessons in cooking, painting, woodworking or playing a musical instrument or learning a new language that can help you with a future trip. Whether you plan to turn your new skill into a money-making venture or just want to keep your mind sharp as you age, classes or lessons can be the answer.
- Photo Credit Jupiterimages/Stockbyte/Getty Images
How to Do a Year-to-Date Profit and Loss Statement
Retirement. Get Started; Plan Ahead; Make It Last; Investing. Building Wealth; ... How to Do a Simple Quarter Profit & Loss Statement;...
What to Do With a 401K When Retiring
Employees leaving the workplace to retire have several critical choices to make regarding their 401(k) account. Depending on age, lifestyle and budget...
How to Make Extra Money in Retirement
Though 65 is the standard age for retirement in the United States, many persons retire before that--or after. Retirement provides a great...
How Much Do People Save for Retirement?
Retirement planning is one of the most important financial commitments that you can make in life. For a comfortable retirement, you may...
How to Earn After Retirement
Earning and budgeting money is much different after retirement than it was during your working career. While you were working, you could...
10 Things That Can Ruin Your Retirement
10 Things That Can Ruin Your Retirement. ... 10 Best Places to Retire. With work responsibilities behind you, retirement frees you to...