| If you are contemplating early retirement from your | | | | no IRS income limit. |
| employer as a means to becoming semi-retired, there | | | | Early Retirement Employment Options |
| are several factors to consider. The most important | | | | Some companies will hire their retirees as independent |
| factor is you do not want it to become an obsession | | | | contractors. The reason they do this to keep skilled |
| or become a negative factor in your retirement living. | | | | workers in their labor force without the associated |
| You have several options for semi-retirement and | | | | high labor costs. |
| they include: | | | | However, most people who seek some sort of work |
| - Being a substitute teacher for those with the right | | | | as a semi-retired worker chose something completely |
| backgrounds | | | | outside their previous experiences. They do this for a |
| - Researching and writing the long awaited book | | | | change of pace from their life long occupation. |
| - Working a couple days a week for a local business | | | | The people who decide to work as a semi-retired |
| - Working part time in sales | | | | person have gained many life skills. This can lead to |
| The benefits for the semi-retired person that desires | | | | working sales in a book store for a while, then |
| social interactions are both psychological and healthy. | | | | jumping to driving a tram at an amusement park, and |
| Early Retirement and Social Security | | | | the switching to something else for variety. |
| If you are enjoying semi-retirement living and you are | | | | Semi-Retirement |
| collecting Social Security. There are some tax | | | | Semi-retired employment is beneficial when there is |
| considerations imposed by the Internal Revenue | | | | no financial need connected to the employment. This |
| Service (IRS) you need to consider. If you: | | | | allows you the freedom to fit the work into your life |
| - Retired at 62 years and 6 months, and started | | | | style, along with giving you opportunities to volunteer |
| collecting Social Security, you are IRS income is | | | | in organizations which are always in need of extra |
| limited to making $12,960 a year. If you exceed this | | | | help. Semi-retirement living can be enjoyable and |
| amount, your social security is reduced $1 for every | | | | helps: |
| $2 over the limit. | | | | - Continue lifelong experiences |
| - If you are in your retirement year and not past | | | | - Keeps your mind alert and your body fit |
| your Social Security retirement month , your IRS | | | | Mental and physical health is the keystone to a full life |
| income limit is $34,440 a year. Again your social | | | | as you sit back on your lounge chair or porch swing |
| security will be reduced $1 for every $2 over the | | | | and enjoy retirement living. Part-time working helps |
| limit. | | | | keep the mind sharp and the body healthier with |
| The best option is when you reach your full Social | | | | activity, no matter how minor the work. |
| Security retirement year and month, because there is | | | | |