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Un-Retirement - Are You Ready For It?

Un-Retirement - Are You Ready For It?
  • 30th Nov 2021 |
  • 467

Changing times invariably bring in fresh ideas, thoughts and outlook that challenges the established standards. Indian economy, since the days of liberalization, has been the melting pot of various ideologies in the field of finance at both personal and social levels.

One such idea is retirement planning. From being perceived as a financial plan to support the basic needs of food, clothing, and shelter to an opportunity to achieve financial freedom, retirement planning has undergone a facelift over the years.

However, today people are thinking beyond retirement or even planning to reverse their retirements. Delve deeper to find out this relatively newer phenomenon.


The word ‘Un-retirement’ may have to wait for formal validation, but it is already catching up in terms of online usage. It can be defined as a situation where retired people or approaching retirement choose to remain or re-join the workforce.

Following are the circumstances where a person may opt-out of retirement.

1. Updating Financial Stability

A person may desire to achieve a greater degree of financial stability by improving upon his retirement fund. A retired individual can defer breaking the golden egg and secure a better future by continuing a job.

2. Age is Just a Number

These are the people who are still young at heart. Their energy levels still kick in on the prospect of trying something new and challenging, and the long holidays bore them out. Such people try to stay in the workforce as long as they are fit and strong.

3. Mentoring

The ultimate curse of gathering valuable knowledge and experience is that you may feel restless until you pass them on to someone worthy. People with rich experience in their respective fields often yearn to pass the flame to the deserving one. They want the younger generation to know the mistakes they made so that they are not repeated.

4. Entrepreneurship

Many older people might have joined the workforce at a young age out of compulsion, whereas their true calling was always business. With their formal working career nearing completion and relieved of most of their responsibilities, these people want to embark on their entrepreneurial journey after retirement.

Stepping into Un-Retirement

With rising inflation and a continuous increase in the cost of living, un-retirement can be an excellent idea to beat the retirement blues and keep yourself physically fit.

However, proper planning and a SWOT (Strength Weakness Opportunities Threat) analysis can help you plan well. Before starting your second innings through a full time or a part-time job, you should work upon your existing savings toward a stable retirement as Plan B.

You can consider buying reputed immediate annuity plans to secure a consistent and stable source of income after you receive your last salary. Additionally, health insurance can help in covering you and your spouse in case of medical emergencies.

Once you take care of the basic compulsions of retirement through smart investment decisions, you are ready to hit the field once again. And why not? Just yesterday, you graduated from college, started your job, and witnessed the highs and lows of a remarkable career. Maybe, the dynamic new world is finally ready to keep up with your spirit and energy.

Kotak e-Term Plan


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


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