Working in Retirement: A Real-Life Situation Analyzed
In a post on adn.com, Alaska Workplace reporter Lynne Curry addresses a situation many folks are considering as they approach their retirement years. For lack of a better name, it’s called “semiretirement” and it involves remaining in the workforce after reaching traditional retirement age. There is more than one reason this might make sense, as Ms. Curry notes, including conserving financial resources, continued access to employer-funded options, and so on. If one remains in the workforce at full salary, it can also mean enhancing one’s ultimate Social Security benefit. One thing to keep in mind on this last point, though, is that a shift to part-time work would likely not add to the earnings that go into benefit calculations, since the values used are indexed for inflation over the span of a working career.
n any event, semiretirement appears to be on the upswing, as evidenced by the results of the 23rd Annual Transamerica Retirement Survey (2022). Here, it’s noted that nearly six in 10 employees plan to work at least part-time in retirement. In any event, it is becoming a popular alternative to full retirement, as Ms. Curry explains. Read her full post here.