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Benefits of returning to work after retiring

With several retirees launching second careers or working longer, there is a strong argument about staying employed late in life.

Employment after retirement age makes sense for several different reasons as well as several different benefits. The first benefit is you will be less likely to dip into your savings. A second benefit is you can beef up your retirement plans. Plans like IRAs.

A third benefit is you can delay your Social Security benefits. A fourth benefit: you might be eligible for insurance benefits. In addition, when you are eligible for Medicare benefits, your insurance plans at work may substitute as a Medigap policy. A fifth benefit is you might reap health and social benefits. Retirees who choose to work will often remain socially connected and active.

A sixth and final benefit is  you might get employee discounts. Some businesses will offer their employees discounts as part of his or her benefits package.

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