Life Stage Insights

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Where can I find fulfilling volunteer opportunities in retirement?

Life Stage Insights

Life Stage Insights

Where can I find fulfilling volunteer opportunities in retirement?

How today's retirees are transforming volunteer roles and potential, and five ideas to optimize your volunteer activities.

Why might i consider volunteering in retirement?
  • Many Americans choose to give back. One in four people volunteer, contributing almost 8 billion hours of service annually.(1)

  • The age 65+ population leads the nation in volunteering, contributing almost twice the number of hours as any other age group.(2)

  • With a lifetime of skills and experience and greater amounts of available time, retiree volunteers are able to have a significant impact on their communities and causes they care about.

  • Volunteering can not only make retirement more fulfilling, but it can also lead to new friendships, greater activity and stimulation, and even new career opportunities.

  • Volunteering can also make you healthier. Studies show that volunteering reduces the risk of depression and can help you live longer.(3)

Annual median volunteer hours by age

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Source: Bureau of Labor Statistics, 2018

What are examples of innovative volunteer opportunities?

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What are examples of innovative volunteer opportunities?
  • Become a mentor. Leveraging vast experience, retirees often find fulfillment and can have a significant impact on the lives of others by mentoring other in their field of expertise, aspiring entrepreneurs, or by providing guidance to children and young adults.

  • Voluntourism. Combining travel with volunteering can enable you to have a positive impact around the world while also engaging with diverse cultures and people.

  • Serve on the board of a nonprofit. Serving on a nonprofit board can be a perfect fit for those who are seeking to leverage their leadership skills and maximize impact.

  • Launch an "encore" career. Retirement can be an opportunity to start a new career that benefits a cause or gives back in ways that are important to you.

  • Volunteer online. Online opportunities are proliferating, empowering you to give your time to causes around the world.

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Opportunities to volunteer for my community and important causes

Strategies to effectively contribute both time and money to causes I care about

Balancing giving with other financial considerations

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Life Stage Insights is the turnkey lead generation, relationship-building, client discovery, and wow factor solution for financial advisors. Learn more at www.lifestageinsights.com

references

1. Corporation for National and Community Service, 2018

2. US Census, 2018

3. Mayo Clinic, "Helping people, changing lives: The 6 health benefits of volunteering", 2018

Disclosures

This publication is designed to provide general information and is for discussion purposes only. The effectiveness of any strategy is dependent upon each individual’s facts and circumstances. This article does not provide legal, tax or account advice. Because of the possibility of human or mechanical error, the accuracy, adequacy, completeness or availability of any information is not guaranteed.

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