Reality can turn out to be much harder than imagination. It is easy to envisage that everything will work out post-retirement and you will get a part-time job which will help you to live a comfortable life- or at least maintain the lifestyle you have at present. Many people have reasons other than financial to go for part-time work. These include staying connected to the workplace and making the necessary connections to play golf. They also want the extra money so that they can pamper their grandkids. Many engage in a number of post-retirement activities.
Homework is vital
To make sure that retirement is a happy affair, it is important to do extensive homework. The plans must be made on thorough and in-depth knowledge and not on hearsay or on imagined matters. It is unwise to extrapolate on a number of temporary profit-making measures which may appear to generate money on the first impression, but you will soon find out that these ways of making money will rarely work out. Only a well-known retiree can depend on speaking engagement and consulting gigs to make them a sustained income source. If you are not famous or that well-known to begin with, then you should not depend on such temporary income-making schemes to sustain yourself.
Many would-be retirees point out that money can be made from non-professional ventures as well. Quite a few plan to put in hours at the local store or the sewing shop. A few plans to assist a friend in his or her business. All of these should be planned, keeping in mind the schedule, pay or the hours hoped for. Do know that there is rarely any business in the world which allow you to work the hours you want. Sometimes, you would be expected to work not only on weekdays but also on weekends.
Another complication is that you may not like the work environment. The place can turn out to be an unfulfilling one. A bad workplace can leave you physically and mentally exhausted at all times. Do keep a Plan B in place. Fix on a couple of options and do trial work on them to see what it feels like to work for them. Doing this prior to making a definite commitment leads to a more happy and stable workplace in the post-retirement period.