"Post Retirement Careers"- The Trending Buzzword and What it Means for You

The dynamics of an economically vibrant and active life have dictated new forms of activities to us - ones that don't consider retirement as a time of non-productivity. Earlier, it was thought that voluntary retirement is the only indicator of economically-productive retirement. However, the degree of freedom that the trending professional lifestyles offer has endured that retirement -voluntary or time-bound - can be your guide to a second innings! This is where the buzz about "post-retirement" careers comes in from. Consider three examples here - there is a person, whose passion for writing could never take off due to the personal and the subsequent professional commitments, yet the person after retirement, got a chance to invest in this passion. There may be a professional executive who successfully launched an entrepreneurial venture after retirement. Or there may be a person, who opted for voluntary retirement to pursue an interest in movie making or any such enterprise and it turned out to be a game-changer for her/him. These are examples of an empowered retirement plan, where the persons created the economic resources required to invest in their goals.

The balance of professional expertise and quantum of financial freedom is changing - to the extent that retirement no longer is being viewed as a financial "stop-over" but as another milestone of participation for further investment towards economic progress and growth. The increasing employability of retired personnel is also because of the immense work-related experience that gives these personnel an edge over younger talent in any organization. Post-retirement career maintenance and growth is a much planned activity and requires consistent and calculated execution. Therefore, the importance of careful financial planning over the years becomes all the more evident. Planning of resources and capital growth will ensure stability when it comes to building a parallel career after retirement.

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