Mon Jun 30 23:30:00 UTC 2025: **Summary:**

A significant portion of retirees, around 20%, are either working full-time or part-time, and another 7% are actively seeking jobs. Before retirees consider going back to work, they should examine their motivations, whether it’s boredom, a need for purpose, or financial concerns. Returning to work can impact Social Security benefits, Medicare premiums, and taxes. It’s essential to assess financial needs, consider volunteer or part-time options, and explore familiar or new fields.

**News Article:**

**”Unretiring” Trend Emerges as Retirees Return to the Workforce**

As personal finance journalist Lucy Lazarony reports, a growing number of retirees are trading in leisure for labor, driven by factors ranging from boredom to financial necessity. According to a T. Rowe Price study, nearly 20% of retirees are currently employed, with another 7% actively seeking jobs.

Experts like Melissa Caro, a certified financial planner, advise retirees to first understand their motivations for returning to work. Is it a need for social interaction, a sense of purpose, or a desire to supplement retirement income? Caro emphasizes that this self-assessment is crucial in determining the best course of action.

Financial pressures are a significant driver for many “unretirees.” Inflation, market volatility, and unexpected healthcare costs can erode savings and create financial anxiety.

Before jumping back into the workforce, retirees must consider the impact on their Social Security benefits, Medicare premiums, and taxes. Working while receiving Social Security benefits before full retirement age can temporarily reduce payments. A higher income can also lead to increased Medicare premiums and, of course, federal and state income taxes on earnings.

For those considering “unretiring,” experts recommend assessing financial needs, exploring volunteer or part-time opportunities, and considering both familiar and new career paths. The key is to carefully weigh the pros and cons and make a decision that aligns with both financial goals and personal well-being.

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