The Rise of the 'Jobber': Embracing Work in Retirement
After years of waking up to an alarm clock and commuting to work daily, the thought of retirement may conjure images of relaxation and leisurely mornings. However, for a growing number of retirees, it is merely a transition to a new phase where they retain ties to the professional world and apply their wealth of experience. This dynamic group, now referred to as "jobbers," has the autonomy to decide when and how much they wish to work, offering both social interaction and cognitive engagement alongside their pensions.
Recent statistics highlight this trend, with the Swedish Census Bureau (SCB) reporting a doubling in the number of older individuals remaining in the workforce over the past two decades. A survey commissioned by a Swedish pension company found that 64% of Swedes aged 55 to 65 are considering part-time positions during their retirement. The term "jobber" even made it into the Language Council's new words list in 2021, defining retirees who opt to work while drawing a pension, often with reduced hours.
This burgeoning flexibility in employment appeals to both older men and women, many of whom find roles in sectors such as caregiving, business services, or as consultants in their respective fields of expertise. If you're considering joining the ranks of jobbers, here are practical steps to help you get started:
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Identify Your Skills: Reflect on what abilities you would like to utilize or develop further. This might include opportunities in consulting, mentorship, project management, or creative endeavors.
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Plan Your Pension Withdrawal: You have the option to withdraw 25%, 50%, 75%, or 100% of your public pension monthly, with the ability to adjust this at any time. However, occupational pensions may have more rigid rules, so it's crucial to consult with your employer or pension provider if you wish to continue working.
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Decide on Your Workload: Many jobbers prefer flexible schedules with shorter assignments, allowing them to achieve a balance that works for them.
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Choose Your Work Style: As a self-employed individual, you can use services like Frilans Finans to issue invoices without establishing a separate company. This allows for a blend of security and freedom, minus the usual red tape of bookkeeping and administration.
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Financial Planning: Continuing to work can enhance your pension longevity. By working part-time and withdrawing portions of your pension, you can establish a financial strategy that maintains stability over time.
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Stay Connected: For many jobbers, staying in touch with colleagues and engaging in professional networks is just as significant as the work itself. Attend events and participate in networks to remain informed and inspired.
Facts about jobbers are illuminating. According to the Pension Authority, the number of jobbers has jumped by more than 20% since 2012. In 2022, there were approximately 263,000 jobbers aged 62-84, which represents 42% of Sweden's workforce in that age group. Interestingly, a higher percentage of jobbers are self-employed compared to the general populace, and the average age of jobbers is 70.5 years, with the highest concentration found in Gotland.
In summary, the emergence of jobbers illustrates a shift in how retirement is perceived and experienced. As people continue to seek purpose and engagement in their later years, the option to remain active in the workforce is becoming increasingly appealing, enabling them to share their expertise and enrich their lives while bolstering their financial security.
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