Life After COP: Should I Work in Retirement?

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The most important thing a retiree should focus on is being happy in retirement. A number of my ConocoPhillips clients choose to work in retirement simply because they enjoy it. Others work for the financial benefits, and some simply choose to spend their days relaxing with friends and family. Choosing whether or not to continue working either full-time or part-time in your retirement is a decision you’ll have to make based on the benefits you receive from employment. The benefits one receives from working can be divided up into two categories; financial and emotional. Lets take a look at the financial benefits first.


Make up for Decreased Value of Savings or Investments.

Low interest rates have made it great for Lump Sums but harder to generate portfolio income. Some people continue to work to make up for poor performance of their savings and investments.

Maybe you took a COP offer & left earlier than you wanted and less retirement savings than you needed.

Instead of drawing down savings, some decide to work a little longer to pay for extras you’ve always denied yourself in the past. See our e-book “Early Retirement Offers” (9) for more information.

Meet Financial Requirements of day-to-day living.

Expenses can increase during retirement and working can be a logical and effective solution to this problem.

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Keep Insurance or Benefits

You may choose to continue working in order to keep your insurance or other benefits. Many employers offer free to low cost health insurance, for part-time workers.


Staying Active and Involved

Retaining employment, even if it’s just part-time, can be a great way to use the skills you’ve worked so hard to build over the years and keep up with friends and colleagues.

Enjoy Yourself at Work.

Just because the government has set a retirement age with its Social Security program doesn’t mean you have to schedule your own life in such a manner. Many people genuinely enjoy their employment and continue working because their jobs enrich their lives.

A New Job Opportunity comes along.

You might find yourself with very tempting job opportunities at a time when you thought you’d be withdrawing from the workforce.

Curious about your COP Social Security and Medicare? Visit:

Want to read about the different stages of retirement? Visit:

Wondering how a divorce could impact your COP benfits? Visit: