When Jim's company offered him early retirement, he jumped at the chance to leave the stress of the corporate world behind. After 30 years, Jim was ready for a change.
But Jim and his wife worried about unexpected expenses that would chip away at what they had saved for retirement, and Jim's days felt long since his wife still worked.
So, Jim took a part-time job as a high school coach, which provides him with flexibility and employee benefits while the extra income pads their retirement nest egg.
Jim is one of a growing group of employment extenders that
In the third of this five-part podcast series, Voya Financial's Jessica Tuman, Vice President of Voya Cares and the organization's Environment, Social and Governance Centers of Excellence, and Jerry Hulick, Principal at Caring Consulting Group, discuss the results of the Voya Cares and Easterseals nationwide
Here's just some of what you'll learn:
- What motivates those who retired to return to the workforce
- The actual financial situation of those who return to work
- How to help these employees maximize various sources of retirement income, including Social Security
- The types of employer-sponsored benefits that these employment extenders want
Want to learn if you're a "Part of the Plan" employment extender or one of the other three types?
Jerry Hulick and Caring Consulting Group are unaffiliated with the Voya® family of companies.
This material is provided by Voya for general and educational purposes only; it is not intended to provide legal, tax, or investment advice. All investments are subject to risk. Please consult an independent tax, legal, or financial professional for specific advice about your individual situation.