The Second Act – Careers in Retirement

Retirees are living longer, healthier lives and as a result, many people over 55 are finding themselves working into older age.

For some, employment is a financial necessity but many find retirement wasn’t all it was cracked up to be and transition their skill set and lifetime of learning in a new direction. With the vast number of aging boomers, the labour force over 55 is expected to be the fastest growing segment in North America over the next decade.

According to Statistics Canada, more than half of workers aged 55 and older who leave their long-term job will return to the workforce within a decade. More men than women are likely to be re-employed and for a longer period of time.

Keeping current on technology is one way to ensure a place in the future workforce. Some boomers are starting their own businesses later in life and many become consultants, training the next generation.

Other times, hobbies or interests beyond work blossom into careers later in life. Whether it’s cooking, teaching, photography or volunteering, these interests may lead into a second career. The beauty of a “second act” career is that it may be part-time or on a project by project basis. This leaves enough time and a little extra income to enjoy interests such as traveling.

Not needing to work but enjoying the mental challenge and social interaction may give older employees an advantage as well. Workers who are less concerned with financial gain than job satisfaction may have an edge on their younger counterparts.

For more information about retirement jobs visit Service Canada’s Work After Retirement web page at www.jobsetc.gc.ca or check out seniorsforjobs.com.