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Is Working in Retirement Worth It?

November 01, 2019

Today, Americans 65 and older are more likely to be working than in 1985. More than 20% are working part- or full-time, and the numbers are projected to continue climbing, according to a recent study.1 Reasons for working longer? There may be a whole spectrum of reasons, but most of it comes down to rising living costs and life expectancy that keeps Americans in the workforce. While working in retirement may not seem ideal to many, continuing to work can offer many benefits that include:

  • The additional income can supplement your current retirement savings and enhance your lifestyle
  • The opportunity to continue contributing to your 401(k) or Roth IRA
  • Increased monthly Social Security benefits up to 132%, if collection is delayed2
  • A boost in social structure and interaction

For many retirees, retirement doesn’t mean stop working. It can be a good idea, provided it’s done for the right reasons. Is a longer employment necessary for you? Work with our team by calling us. We can help weigh the pros and cons and determine whether or not it’s suitable for your unique situation.


This document is for educational purposes only and should not be construed as legal or tax advice. One should consult a legal or tax professional regarding their own personal situation. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products offered by an insurance company. They do not refer in any way to securities or investment advisory products Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.  Death benefit payouts are based upon the claims paying ability of the issuing insurance company. The firm providing this document is not affiliated with the Social Security Administration or any other government entity.

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