Are you approaching retirement age and having difficulty deciding what to do next? Working in retirement has become a solution for individuals who need to delay spending down their savings in order to make their retirement assets last longer. The addition of a few years of some form of enjoyable part-time or full-time work can reduce the need for withdrawals from savings targeted for full retirement and allow retirement assets to have additional compound growth. This is especially beneficial if retirement assets are held in an account that provides tax advantages, such as a 401(k), 403(b) or IRA. Non-Financial BenefitsWork in retirement provides meaningful non-financial value that is associated with positive well-being.

Source: Forbes January 12, 2018 12:56 UTC