Are you familiar with the term ‘gig economy’ and how it’s shaping the way people transition into retirement?
The gig economy refers to short-term contracts, freelancing, or “side-hustles” that differ from the traditional 9-to-5, long-term job. Many companies today prefer to hire freelancers or contract workers instead of full-time permanent employees. And with the rise of digital platforms like Upwork, Fiverr, and TaskRabbit, finding gig work online has never been easier.
You might think gig work is mostly for younger workers, but both millennials and baby boomers are actively participating in this flexible, independent workforce!
Why is this important for those approaching retirement? Because gig work offers the freedom and flexibility to decide how much and when you want to work. For someone nearing retirement who wants to stay engaged, contribute to society, or explore new passions, gig work provides a gentle, adaptable transition.
Some people approach retirement with less saved than they hoped. Gig work not only offers meaningful engagement but can also supplement income during this phase.
What about you? Could retirement be the chance to explore flexible work you’re passionate about? Maybe you’d like to ‘give back’ by supporting non-profits or community initiatives on your own terms.
Examples of gig economy jobs include:
Delivery or ridesharing
Rental hosting (think Airbnb)
Temporary labor or house-sitting
Skilled freelance roles like writing, graphic or web design, consulting
Tutoring or teaching online
Pet sitting or dog walking
Event planning or assisting
Virtual assistant or administrative support
Photography or videography gigs
Handmade craft sales on platforms like Etsy
This type of work often offers short-term assignments, remote options, and schedule flexibility—ideal for crafting a retirement rhythm that suits you.
It’s also important to recognize some challenges: gig work may lack traditional benefits or income stability, so planning accordingly is wise. Still, the flexibility and autonomy it offers can make the transition rewarding both financially and emotionally.
What kind of retirement transition do you hope for? Would you continue in your current field, or is this a chance to try something new? Either way, your dreams are possible.
Keep an open mind, think creatively, and follow what excites you. You never know how your passions and the world’s needs might weave together in unexpected, fulfilling ways!
Retirement is a new beginning. If you’re considering gig work as part of your next chapter, I’d be glad to help you explore the path forward.