Teaching is a versatile profession that fosters the development of a wide range of skills that are in high demand. However, teaching is a demanding career with very little reward. The National Education Association reports that 55% of teachers are contemplating early retirement. This indicates the significant role teachers play in society, as they push the boundaries of human potential. That’s why there is a growing desire and preference for jobs for retired teachers with more flexibility and less stress.
Life after retirement can present some challenges in adjusting. However, exploring new job opportunities can provide retired teachers with a chance to pursue their passions during the post-retirement phase.
The good news is that there are various job opportunities available for selection. One of the greatest benefits of finding a job that aligns with your interests is how it positively impacts your personal sense of fulfillment.
Finding suitable employment outside of teaching can be tricky but possible. Fortunately, there are several careers that need your existing skills.
The best jobs for retired teachers are often ones that focus on employment in a related area. In this piece, you will be informed about the best side hustles, business opportunities, and full-time employment.
Top List of High Paying Jobs For Retired Teachers
1. Online Tutor
The ongoing need for tutors is a terrific opportunity for retired educators to supplement their income. Any subject you have previously taught in school is suitable for use as a tutor. If you like teaching, then tutoring is one of the best careers for retired teachers.
Tutoring offers a fantastic opportunity for individuals who possess expertise in a specific field and derive pleasure from sharing their knowledge with others. Whether it’s honing a musical instrument or delving into the world of computer programming, there are always people seeking guidance and support.
Tutoring offers a flexible and fulfilling opportunity for individuals seeking to work remotely or create their own schedule. The rise of online tutoring has made it exceptionally convenient to connect with students worldwide and positively impact their education.
Minimum Salaries for Online Tutors:
Tutoring offers a notable advantage: the ability to conduct sessions online. For retired teachers working from home, this serves as an excellent avenue to earn extra income. Recent pay scale data reveals that the average hourly rate for online tutors ranges from $18 to $23.
2. Childcare Worker
Childcare workers play a vital role in shaping the early years of a child’s life. It’s not just a job, but a fulfilling career that requires patience, creativity, and a love for children. As a childcare worker, you’ll have the opportunity to make a meaningful impact on a child’s development while also gaining valuable skills and experience.
Moreover, the burgeoning demand for childcare services opens up plenty of opportunities for career progression. Whether you’re a newcomer or pondering a career switch, venturing into the childcare industry could prove to be an ideal match for you.
Former teachers who are nearing retirement age may find this to be an excellent option because there are several alternatives to make extra money. Work in the childcare business includes assisting in a daycare or nursery, providing after-school care, and supervising extracurricular activities.
How Much Do Childcare Workers Make?
The average wage for childcare workers in the United States is $28,520 per year. However, salary ranges can vary based on factors like education, certifications, and professional experience within the field.
3. Curriculum Developer
Retired teachers can provide curricular materials for tutors, teachers, and schools. Curriculum Developer pay exceeds that of most part time jobs, offering a great opportunity to apply your teaching knowledge and experience. To embark on this journey, all you need is a laptop with an active internet connection. You can explore the classifieds website for projects that align with your skill set.
The Average Income of Curriculum Developers:
A Curriculum Developer with less than one year of experience makes $55,100. This includes bonuses and overtime pay. An entry-level Curriculum Developer with 1-4 years of experience earns an average total pay of $63,576 based on 114 salaries survey. A Curriculum Developer in the middle of their career with 5 to 9 years of experience makes an average total compensation of $70,074.
4. Virtual Assistant
Working as a virtual assistant is another wonderful opportunity for retired teachers to make money from home. As a VA, you can do diverse tasks, such as updating website content and posting on social media.
Virtual assistants can provide administrative support, such as managing emails and scheduling appointments. They can also perform research tasks, such as gathering information for a company project or finding the best deals on travel arrangements. With the flexibility to work from home and the variety of tasks available, becoming a virtual assistant can be a rewarding career choice for retired teachers.
Virtual Assistant’s Yearly Total Salary:
In the United States, Virtual assistants are predicted to make $44,279, with an average pay of $42,177. These statistics represent the median, or the middle of the ranges, from the zip recruiter’s proprietary Total Pay Estimate technique, which is based on pay data collected from our users.
5. Content Writer
Creating online content is a fantastic income-producing asset for retired teachers wishing to earn money. One can discover various opportunities for content writing on different platforms, including website content creation, e-commerce writing, and online magazine contributions.
Average Salary of Content Writer
The average salary for Content Writers in the United States is $51,532 per year. This includes potential bonuses, gratuities, and commissions that can further enhance their earnings.
6. Research Assistant
Universities and corporations hire research assistants to gather extensive information on certain topics on a contract or freelance basis. A retired teacher is likely to have relevant experience that will make their research skills more strong. This type of job can help you augment your retirement income while also keeping your mind stimulated without the effort or stress of teaching.
Research Assistant Salaries in the United States:
In the United States, a typical research assistant earns around $39,000 per year. However, for seasoned professionals, the salary can go up to $60,000 annually. Entry-level positions in this field usually start at $31,200.
7. Real Estate Investment
When planning for your financial goal, you should seek investment opportunities that can provide extra income streams. Investing in real estate is also a good decision when market conditions are favorable. Real estate ownership, property management, and investing are all great options if you are a freshly retired teacher. According to the Bureau of Labor Statistics (BLS), projections indicate that by 2023, approximately 1.855 million people will be employed in this sector.
Real estate investment is a game of long-term possibilities that can yield substantial rewards when approached with precision. Prior to investing, it holds paramount importance to extensively research the prevailing market conditions and comprehend the associated potential risks.
Considering the hiring of a professional property manager might be worthwhile for managing the day-to-day operations and maintenance of your investment property. By establishing an effective team and strategy, real estate investment holds the potential for substantial returns and a consistent income stream in the long run.
Best-Paying Jobs In REITs
According to Zip Recruiter, the current salary range for Entry Level Real Estate Investment Trust positions in the United States is between $50,000 and $112,000. The highest earners in this field can make up to $154,000. These figures highlight some of the best paying jobs within real estate investment trusts.
- Chief Executive Officer
- Real Estate Attorneys
- REIT Analyst
- Chief Financial Officer
- Property Manager
8. Consumer Service
Consumer services is a sector of the labor market that is quickly growing. It includes a wide range of industries and occupations, including those in healthcare, sales, and finance. Many of these professions provide opportunities for professional progress as well as good income. Success in these well-paying consumer services jobs will depend on a number of crucial skills.
Best Paying Job -in Consumer Services
There are at least five best-paying jobs in the Consumer Services category that pay more per year than the national average.
- Vice President of consumer goods
- Vice President of consumer marketing
- Consumer product designer
- Retail Store Manager
- Business Relationship Manage
These listed jobs’ salary is between $129,636 & $157,536 more than the median wage ($25,000) for Consumer Services. You may be able to earn more money than the average consumer services employee by working in one of these related professions. Consumer services offer some of the best jobs For Retired Teachers.
Now it’s up to you:
Once you decide to transition out of teaching, there are numerous career paths that can utilize your teaching skills. You have the flexibility to pursue opportunities within the education field or explore entirely different industries.
People looking for a career transition have so much to choose from to earn passive income. Because some Jobs for Retired Teachers are flexible, many of them can be accomplished remotely as well.
Whether they be part-time or full-time jobs for retired teachers, with these jobs, you’ll be able to take your skills and use them in new ways.