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Bridge Jobs For Retired People

Bridge Jobs For Retired People

Bridge jobs for retired people?  Will you find yourself in the market for a bridge job for retired people?  Fewer and fewer people saving for retirement.  You will have lots of company.

Many will  be seeking bridge jobs for retired people.bridge jobs for retired people

What is up with that?  

What happened to the time of retirement?  

When retirement was being celebrated with a sheet cake?   Or a gold watch?  

Those days seem long gone.  

In the United States actually retiring  completely at or about 65 years of age.  Just not happening as often as a few yesrs ago. 

A complete withdrawal from the labor force  

That can sometimes take severall years.

During this time or transition period, there can be a series  of “bridge jobs.”  These jobs usually have part-time, flexible hours. 

This allows the retiree to adjust to a slower pace of life.  Grow accustomed to less responsibility.

This can be a win-win situation for all.  It is easier to train and shift responsibility when done in smaller amounts at a time. 

This usually means a smoother transition time for the  employee now taking on new workloads. There is an  adjustment time for all.

Since the middle of the 1980s, mature workers are staying in the workforce.  

The numbers continuing to be wage earners at 65 and older has doubled. 

These numbers continue to rise, according to census data from the Social Security Administration. 

This is not a passing trend.  This bridge job era is continuing. 

A group of adults was surveyed as they reached retirement age.  Studies show that these adults do not plan to leave the labor force.  

When they leave their full-time career jobs they will seek “bridge jobs.”

  
Then there is the just-released  information for the “Retirement Confidence Survey.”

This survey was sponsored by the  Employee Benefit Research Institute based in Washington, D.C. 

26 %  of workers  surveyed  have less than $1,000  each in retirement savings.  

They are not prepared.

If they have a pension.  A 401(k).   Or other retirement account, 34 % report saving at least $100,000.  This is compared with 5 percent of those without accounts.

“I think most older workers want to continue to work.”  

“Or at least to take bridge jobs and phase into retirement,”  AARP retirement expert Kerry Hannon states. 

Ms. Hannon is the author of “Great Jobs for Everyone 50+.”   She also wrote  “What’s Next? Finding Your Passion and Your Dream Job in your Forties, Fifties, and Beyond.”

There’s clearly a financial incentive for waiting  to withdraw savings from retirement plans.   Able to allow the money to continue to compound.  All the while still having a paycheck, even a part-time job check.

Also, the continued income can encourage you to delay starting to receive your social security benefits early. Allow you to wait until you are age 70.  

Delaying Social Security benefits will give yourself an added 8% a year.  

This is for each year you delay beginning Social Security after your full retirement age.   That can make a difference.  

Of course, there’s the  added mental and physical payoff.   The payoff of feeling relevant.   Remaining in a social network.  

You usually lose these things when you retire.  This loss can cause the adjustment to retirement to be more difficult. 

One path to getting a job after you are 50?   Consulting or part-time contract work in one’s previous line of employment can work for some.  

Would it be possible for you?  

Thhe key to staying in the workforce?is is a good way to stay involved.  Plenty of workers take this path.  They work for former employers. Bridge jobs for retired people can add to the budget for fun.

Maybe for small businesses and startups in their towns.  Bussiness and startups who really need their expertise and experience.   Just can’t afford a full-time employee.

The key to staying in the work force? 

Up-to-date skills. 

Workers should:  

Volunteer at a nonprofit you care about.  This can lead to paid work.   It will  also keep your skills sharp.  Fill gaps in your resume.

Employers often pass on older workers because of budget constraints.  

Employers think the retiree will be too expensive.   Or  retirees might be resentful if not paid what they think they’re worth.

Bridge jobs for retired people may also come with less responsibility.  

Being underpaid will probably be a fact of life. 

Make peace with this.   Find ways to augment your pay.  Maybe having the freedom to telecommute.

Get paid vacation days. There are other ways to make the pay more acceptable.

One of three successful businesses owners is an “encore entrepreneur.” (click link for suggestion)

Usually,  aged 50 or older entrepreneurs  have 31 years of work experience.  

There is also an average of  15 years of management experience.

If you are searching for a “Bridge Job,” know that there are many routes to take.   Bridge job sounds more fun than a part time job.

They are both the same thing.  They can both help you have a better life in retirement.  When you realize you need to work during retirement, begin to network.  This can help to find the right fit for you.  

If you are already retired and find that life happened.  

You need to make money during retirement.  

To be able to have more fun during retirement is worth having a bridge job.  If you find yourself there, get busy.  Find your spot.

You have skills that are valuable.  You have work ethics.  You have a proven track record. 

Think about how you can use these qualities to help a prospective employer.   Do not be discouraged if the first search did not get the results you had hoped for. fun jobs for retired people

Rethink things and find new places to use your skills set. 

Just keep searching. 

The right one is out there. 

They need your help.

 

 

 

 

 

6 thoughts on “Bridge Jobs For Retired People

  1. Norman,

    The more we look at the lives we have been blessed with, the more we know we must help each other over the rough spots of retirement. And into the happiness and good time of life. Living a happy and helpful life is how we teach our families to do the same.

    Having an online business is the challenge that puts the spark back into your day!

    Being a member of a good growing communuity makes the difference, don’t you think?

    Sami

  2. A lot if people have found themselves in this position of not preparing for retirement and having a hard time with continuing with life. But there is still hope and those who find themselves in this position can still support themselves and enjoy life at the same time. I believe that you should be able to enjoy those golden years and face each day with renewed energy . Thanks again for sharing this post it is well detailed and filled with great information.

  3. Ted,

    Retirees are really more alike than different. Reguardless of our ages.

    With changing times, we have no choice but change along with them.

    Sorry to hear about your experience in retiring with your state. Some things just spiral out of control and make us feel somewhat helpless.

    Hope the years have allowed you to find some sort of solution and a way to successfully live your life. You have some great productive years to enjoy your retirement time.

    Thank you for your commit.

    Sami

  4. Jackie,

    We humans are funny critters. Sometimes retirement is a bit of an adjustment. I hate to see unhappy retired people.

    There was so much I was unprepared for, it is fun to find others who have questions as well. Sometimes the answers are easy, sometimes not so much.

    Thanks for taking time to stop by, read, and commit.

    Sami

  5. It’s true. We have many friends who have taken ‘bridge jobs’.( I’ve not ever heard it called that, but good call!) Some really want to retire, but need extra pocket change for various reasons, others just have a hard time letting go of the need for purpose in their life.

    Why is it that we work our entire life so that one day we can enjoy our next egg, only to find out we really don’t have one?

    But perhaps learning new skills is the very thing that will keep our brains young. Thanks for your post.

  6. This article hit home for me. I retired 9 years ago, 6 years before I would have got a full pension. Then the State took our medical pensions away and I was left with nothing. I am turning 50 next year and I have found many do not want to hire me, I have command experience, great work ethic and impeccable track record. Yet, it is very hard to find work at my age. They think I will cost them too much. Great article and really hits home.

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