Retirement used to mark the end of one chapter — but for many, it’s becoming a midpoint. During the COVID-19 pandemic, millions of Americans chose to retire early. But in the years since, a growing number have returned to the workforce, becoming part of a trend known as “unretirement.”

What’s drawing people back? For some, it’s financial. For others, it’s the desire for connection, purpose or simply something to do. If you’ve been thinking about reentering the workforce, you’re not alone.  

Why Unretire?

Over 57% of Americans are behind on retirement planning, so it’s no surprise that many find themselves returning to work after retirement. 

A job can also provide people with a sense of purpose. Many retirees struggle to find one, and with people living longer than ever, retirement can mean 30-plus years of feeling aimless.

Considering a Return to Work

Whether you are worried about your financial well-being or you simply miss being at work, exploring the job market is always an option.

If you have not reached full retirement age, keep in mind that going back to work might result in a reduction of any Social Security benefits you are receiving.

Finding Your Unretirement Work

What does unretirement work look like?

• Consulting: Are there opportunities to share your years of expertise? If you still feel passionate about the career you left behind, consider reaching out to your network. 
• Encore Careers: Unretirement can be a time to forge a new career path. Think about your hobbies and how you could leverage them for income.
• Part-Time or Freelance Gigs: Opportunities for part-time or freelance work can include temporary or seasonal positions at local businesses. For the tech-savvy, you can look for ways to join the gig economy.

Need help evaluating how returning to work could affect your financial future? Feel free to reach out.