Money Worries? . . . Why You May Need Retirement Employment!
By Paul Megan
There are only two types of retirees who would consider retirement employment. One is the person who wants to stay active. The other has no choice.

For many, the cost of living in retirement is becoming too burdensome to think about doing it without income from retirement employment. Two major factors must be considered.

1. According to current life expectancy figures, you could live 20 to 30 years after you retire at 65.

2. The cost of living will more than double during those years, even if inflation averages a modest 3% a year.

To make sure your savings last as long as you do, experts say, you can’t afford to withdraw more than 4% to 5% from your nest egg each year, adjusted annually for the rise in the cost of living. Of course, you’ll also receive income from social security and perhaps a pension.

Everyone’s situation is different. But if you take the time to crunch the numbers on your behalf, you may find that you come up short. And entertaining retirement employment becomes a necessity.

Well, there are two pieces of good news.

First, there's an explosion of opportunities for retirement employment. Many corporations are looking to bring back retirees on a part-time or consulting basis. Other organizations like Home Depot and Walmart are deliberately recruiting retirees because they know they are hard-working, knowledgeable members of the

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