The follow-up question I get most often after “When should I retire?” is “And what should I do?”
The key options for “what’s next” including keeping active, fulfilling a dream, turning a “hobby” into a money-maker, or just doing something to earn some extra cash.
Deciding exactly what floats your boat against any of these criteria is up to you, though I enjoyed these interesting job suggestions by MoneyTalkNews’ Craig Donofrio. Donofrio came up with 12 “nontraditional” jobs for retirees (and a few helpful websites to look through for more information), including treasure hunting, tutoring and translation services.
If you ask me, these are not a bad way to get started, though I’ve also accumulated some more from my conversations over the past year, including:
- Substitute Teaching: This is a great way for retired teachers to get back in the classroom with much less pressure. For those who are not ex-teachers, a little classwork might be in order to comply with school districts’ regulations, but the payoff can be rewarding.
- Antique Sales: Hobbyists who made a decent profit (or even those who didn’t) during their working years can turn that hobby into nice supplemental income in retirement.
- Editorial: These opportunities are opening up thanks to the growth of Internet publishing. Find a website topic of interest — say, sports — and it’s very likely you can find an opening (if only spot freelancing) for a writer, editor or photographer.
- Web Design: Those who have even have a fluency in the art are in demand, particularly from small companies that prefer to work with individuals rather than marketing companies. Classes can help you update some older skills, making you a better candidate for newer jobs. Web design also is a great way to break into contract work since many larger companies prefer to “outsource” special jobs, or look for contractors to manage their overflow.
- Golf Course Work: Obviously this is pretty niche, but it’s one of my favorites. I have several older friends who’ve taken their love of golf the extra mile by working at various jobs at both private and public golf courses. Jobs range from starter to behind-the-counter sales to course management. And some are more than happy just to act as the course marshal — you know, the guys who drive up in a cart to let you know your ball is 75 yards right of the fairway. The benefits? Not just a paycheck, but occasionally even after-hours time on the links.
Especially if you don’t need the money, you can focus more on enjoying what you do and being with people you enjoy. You’d be surprised what jobs are out there.
Marc Bastow is an Assistant Editor at InvestorPlace.com.