LAFOLLETTE, TN (SPECIAL TO WLAF) – “After spending decades in the workforce, you might look forward to the day you retire. But if you’d like to redefine “retirement” to include part-time work or consulting, you could receive some key financial benefits,” said Edward Jones Financial Advisor Zach Sheets.

First of all, if you have earned income, you can contribute to an IRA – there’s no age limit.

Also, by adding some income from employment, you may be able to withdraw less each year from your retirement accounts.

Here’s another possible benefit from adding earned income: You could contribute more to your grandchildren’s 529 education savings plans, which can help pay for college or other post-secondary expenses.

Zach Sheets and Crystal Allen are ready to serve you at Edward Jones.

Finally, the additional income may be able to help you lower your debt load.

A word of caution, though: If you earn enough, you may run into unforeseen tax consequences and pushed into a higher tax bracket. So, before taking on part-time work when you’re retired, consult with your tax advisor.

Overall, though, the financial benefits of part-time employment income during your retirement years may be worth it – so give some thought to “unretiring.”

Edward Jones, Member SIPC

Zach Sheets can be reached at:

Phone numbers:

423-566-4010 Office                   

865-242-6208 Cell

Email:  zach.sheets@edwardjones.com or send us a secure message if you have Online Access

Sheets said, “If you have any questions or concerns, please do not hesitate to contact
me. Thank you for the opportunity to serve you.” (WLAF NEWS PUBLISHED – 06/06/2023-6AM)

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