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6 Ways to Make the Best of Un-Retirement

Retirement Planning
When you retired, you made the transition from being on a company's payroll to paying yourself with your retirement savings. If you were one of many retirees forced back into a job during the recession, don't despair. You survived the work-retirement transition and you can do it again. We provide six tips to help you make the adjustment.

1. Adjust Financial Objectives

Before retiring, you were accumulating and saving in anticipation of a future life of leisure. During retirement you were preserving and spending. If you're going back to work, your income needs may determine whether you need to continue preserving and spending or if you have enough extra money to go back to accumulating and saving.

Your choices for saving change if you're over 72.5 because of the age limits for contributing to your traditional IRA and some annuities. Instead, make contributions to a Roth, which doesn't have an age limit, but does have income limits. For younger workers who retired early, take advantage of your new employer's retirement plan.

2. Check Your Social Security Status

If you are receiving social security benefits and had to go back to work, whether or not your benefits will change depends on your age when you started receiving benefits. In some instances more of your benefits may be taxable due to the additional income. On the positive side, your social security benefits may be recalculated to reflect the additional years of work and could result in a bigger check. Consult the

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