2. Work as a Consultant
Retired individuals with advanced degrees or specialized experience can consider a career in consulting. Consultants can leverage their years of expertise, training, and connections and set their hours to avoid a full-time workload.
For example, retirees with experience in programming, website development, finance, and litigation are highly sought after. In fact, many companies can afford to pay consultants high fees because they don’t have to pay for their benefits. One drawback, however, is that you might find demand for your skills sporadic. This depends on where you live and how quickly you build your clientele.
When you begin working as a contractor or a consultant, think of ways to find more work once your current assignment ends. Taking on short-term or part-time jobs can expand your network of professional contacts, which may help you find work in the future. Another option for consultants is to sign up with a headhunter or job placement firm. Though these companies may take a cut of your earnings, they have access to a large database of companies that may need your services.