Work. While many people spend their days looking forward to the weekend, many elderly residents are taking on jobs for a rewarding experience that keeps them active and helps to pay the bills. For some individuals, the joy of golfing the back 9 or relaxing on the beach may sound fun, but it doesn’t bring fulfillment. Other senior citizens may now be entering the retirement age and realizing that their benefits are not enough to cover all of their expenses. No matter your age or reason for getting back into work, it can help to look at the positive side for employment through retirement. Our law firm is here to help people look on the bright side and find amazing results for their unique situations.
JDKatz is proud to be your team of estate lawyers across Maryland and D.C. Our estate planning attorneys in Bethesda have the experience, skill set, and tools needed to create a quality plan that meets your goals while matching your income. We understand that no two clients are the same, and our team will work hard to personalize a plan that optimizes your estate.
Oftentimes, people get caught up in the distress caused by working after you retire. Despite the negative conclusions, there are many positives that elderly residents can expect from clocking in with their employer. Today, we’ll cover a few of these positives to show you that employment can be very positive for your life. If you’re in need of professional estate planning or assistance with elder law, be sure to call now!
Work Mixes Up the Routine
Many Maryland residents find work after retirement to mix up their normal routine and try something new and exciting. These “encore careers” can prove to be much more fulfilling, as you can now focus on giving back to the community or starting a venture you’re passionate about as opposed to working just to pay the bills. Whether you’re looking to mix up the normal routine or now you want to work to give back to your community, elderly employment is the perfect opportunity to do so.
Many senior citizens enter the workforce feeling unconfident in their abilities to function in the modern world. Others, though, relish in this challenge and work to expand with their additional free time to create a fun and exciting routine that gets them out of the house and interacting in the world. Plus, you continue to feel like a productive member of society!
Senior Citizens Can Achieve Mental and Physical Fitness through work
Getting out of the house is almost always recommended for senior citizens. One of the biggest health concerns facing retired residents is living a sedentary lifestyle. In order to keep moving and improve your health, you can benefit from strapping on your shoes and heading to work. There are many positives to expect for seniors who get out and move around, and keeping active at your place of employment can prove beneficial for keeping you limber, energetic, and ready for anything.
Age-related diseases are a scary reality for many worried elderly residents. While there is not much that can be done to fight these issues, going to work can prove beneficial in keeping you mentally active. Numerous mental tasks and customer service interactions can challenge you on a daily basis, providing regular stimulation for your brain.
Social Interactions are Always Recommended
Settling into retirement can be scary for many aging citizens. Many people fear isolation, as senior citizens are known to fall into patterns of isolation. Numerous studies have pointed out the strong link between human interactions and emotional health, creating a serious concern for elderly citizens who spend their time alone at home. Based on your new career choice, you can expect plenty of human interactions. Many seniors go into customer service, hospitality, and other fields to maximize their fill of social exchanges.
You Can Delay Your Social Security Benefits
Your SSI can be taken out as early as 62 or as late as 70. If you fall in this middle range, working a job can help you to prolong taking out your benefits. This results in more income available for you later, providing comfort and peace of mind at a point in life where consistency is key. Those not completely ready for retirement may begin collecting their SSI before the age of 66, which can be penalized nearly a third for early withdrawal. In many cases, working during this time can help to provide additional comfort later on.
Work Provides Financial Security
One of the biggest reasons why retired citizens come back into the workforce is simply to make more money. Many residents that are not versed in estate law can find themselves facing a range of bills, including medical costs, in-home care, increasing property prices, groceries, taxes, and more. Less and less Americans are entering their retirement age financially ready, making future employment a necessary thing. However, this need for income does not mean that you are doomed to eternal work. By working with a professional such as one of our local estate lawyers, you can plan for your retirement to get the most enjoyment out of it with your new paychecks. We’ll help you find a strategy to make the most of your time while you are still working.
JDKatz is proud to be your team of trusted estate planning attorneys in Bethesda and beyond, delivering comprehensive support for each and every one of our clients. We are experienced in elder and estate law, and will work hard to create a quality plan to maximize your unique situation. Contact us today to learn more!