An encore career in retirement can provide many advantages, financial and otherwise. On the financial front, for example, income from an encore career can help retirees delay claiming Social Security benefits – and thus increase the benefit amount they ultimately receive. However, the author of today’s article cautions that, when considering embarking on a postretirement career, “there are some important tax and other financial considerations to understand before taking this route.” What are some of the potential financial drawbacks of an encore career to be aware of? CLICK HERE.
“Working after retirement may be an oxymoron, but it’s a trend that continues to gain steam… While financial concerns are often the motivator, for many retirees the decision to pursue an encore career is more about passion than paycheck.” Today’s article outlines several dos and don’ts for those looking to pursue an “encore career” in retirement. Do? Focus on certain skill sets. Don’t? Make it about money (“If your primary objective is income…you’re better off going back [to the job] where you were”). To read all the author’s encore career dos and don’ts, CLICK HERE.