Part-Time Work Calculator
Part-time work can be a great way to ease yourself into retirement, extend your retirement income and improve your Retirement Score. Calculate how adding part-time work income can increase your savings.
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Part-Time Work Benefits for Retirement
Not only does part-time work help you stay active in retirement, but it can also be a great way to increase your retirement savings. You can contribute to your 401(k) if you work at least 1,000 hours in one year, or 500 hours in three consecutive years. Silvur allows you to calculate part-time work income along with your total retirement savings so you can get your Retirement Score. Your Retirement Score will help you predict how long your money will last in retirement so you can plan your retirement better.
The benefits of adding part-time work to your retirement can increase your Retirement Score. For example, if you can add an additional $2,000 of part-time income per month for ten years, you can increase your Retirement Score by 8 years. There are countless options for part-time jobs that would help you bring in some money without a hectic schedule and additional stress. Look for a part-time job that suits your interests and skills.