What Retirement? People Over 65 Are Launching Encore Careers and Finding Fulfillment Like Never Before

Increasing numbers of older Americans are opting to keep working or pursue passions beyond retirement, reports CNN Money . Although some extend employment for the money, many want a combination of rewarding work on their own terms and extra financial security. Career experts say retirees facing this scenario should first consider what kinds of work they find meaningful, with MyLifestyleCareer.com founder Nancy Collamer noting it is easier to launch a new career with contacts already in one's possession, than beginning from the bottom up. Networking through LinkedIn and similar resources is vital for any post-retirement employment plan. Collamer adds that organizations like the Small Business Administration and SCORE offer free mentoring, online classes, and workshops. Jobs expert Kerry Hannon cautions that a new career will not initially earn as much money as the previous job, and people starting their own business may have to forgo a salary or accept a very low wage as they reinvest in the business. She recommends outlining a budget for the new business similar to household spending. Also necessary for post-retirement careers is mental and physical preparation, like energy levels and the presence one projects when entering a room.