RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

Why should you consider working in your Retirement?

down-arrow
Why You Should Consider Working in Your Retirement
November 04, 2023

Besides the pay cheque, working in retirement can allow you to enjoy a variety of other benefits. We tell you why you should consider staying gainfully employed in retirement and how to get financially ready for your golden years.

Do you think that retirement is only a time to indulge in some gardening and visit the grandchildren? While many people may view retirement as an extended vacation with time to relax and travel, times are changing. Retirement is no longer being considered as the end of work life. Rather, many people of retirement age are redefining their lifestyle to give them greater satisfaction by continuing to work past their early 60s, often well beyond. Why does working in retirement makes perfect sense for these people? It’s because they want to stay engaged, stimulated and involved.

And did you know that staying on the job in retirement, whether it’s done voluntarily or out of sheer necessity, has several benefits? Here are five reasons why you should work well into retirement:

1. To enjoy better health

According to a study conducted by the Journal of Occupational Health Psychology, people who worked during retirement experienced better health as compared to those who did not. Retirees with jobs are also less affected by major diseases and disabilities. This bodes well for your quality of life, and it could translate to lower healthcare expenses too.

2. To engage your mind

Work tends to keep your mind active and engaged. After retiring from your job, you might find yourself increasingly sitting at home and watching TV the whole day. Whether it’s some kind of bridge job, part-time employment or self-employment, a job often provides opportunities to stay mentally active.

3. To improve your social life

Retirement can be lonely without colleagues or clients to interact with while family members are busy with their own lives. Quite often, retirees continue working simply to keep themselves socially active and for the friendships that a job provides. The social interaction works wonders for your mood and can steer you away from depression.

4. To bring back a sense of purpose

Are you one of those people who believe that having a job and going to office lends some direction to your life? If your answer is yes, retirement may make you feel a bit like a boat without a rudder. This is why retirees choose to volunteer their services to a cause that they believe in, or work for a company that offers them a sense of purpose and satisfaction.

5. To start something new

Retirement offers you a fantastic opportunity to embark on a new venture when you have the time along with the required expertise accumulated after decades in the workforce. Further, if you aren’t the sole breadwinner in the family, retirement frees you from the burden of financial commitments that you’ve probably been shouldering all your life. This gives you the opportunity to fulfil your lifelong dreams and ambitions. Little wonder that more and more retirees are choosing to consult, volunteer, start their own venture or pursue an entirely new career.

It’s apparent that working in retirement offers retirees a variety of benefits. But some people are compelled to work in retirement because they have nothing set aside and therefore, need the money to pay their bills.

Do you think you can afford to live life your own way in retirement? Despite the best-laid plans, it is possible to misjudge the resources that are required to live the lifestyle you seek in your retirement. Changes in the market, economy, or your own needs can cause your flow of resources to come up short.

An important component of financial planning is insurance, which can help you achieve your goals for retirement and live worry-free financially for the rest of your life.Insurance plansfrom HDFC Life are ideal if you want to achieve your retirement dream, enjoy financial independence and prepare yourself for any emergencies that may arise later in life. The HDFC Life Click 2 Retire is a unit-linked insurance plan that gives you market-linked returns with just minimal charges. As a policyholder, you get an assured sum on maturity. What’s more, the profit derived from market gains helps to grow your wealth.

Similar Articles

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

What is Family Pension?

What is Family Pension?

What is Family Pension? Explore its eligibility, benefits for government employees, retirees, widows, and tax implications. Understand the differences between regular pension and family pension.

Income Tax on Pensions: Are They Taxable?

Voluntary Retirement Scheme

Pension Payment Order: Definition, Steps, Importance

Pension Payment Order, abbreviated as PPO, is a unique 12-digit code assigned to every pensioner under the Employee Provident Fund (EPF). Read to know how to check it.

Pension Payment Order: Definition, Steps, Importance
What is NPS? - Features, Benefits you need to know Previous
Types of Pension Plans and Their Tax Benefits Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Popular Search

Popular Searches