Believe it or not, there are plenty of people who actually like their jobs. According to a 2009 survey from the Society for Human Resources Management, 86 percent of employees indicate "overall satisfaction" with their jobs and an impressive 41 percent say they are "very satisfied." So what do you do if you don't want to leave your company, but simply want to have more time to pursue other interests in addition to your perfectly satisfying job?
One solution is to try consulting. Some companies will hire back retired employees as part-time contract workers in the very same departments and with the very same responsibilities as before [source: Mattioli]. The benefits for the company are having an experienced and loyal employee who costs less than before (many consulting positions don't carry health insurance or other benefits). As for the worker, she gets to keep working with people she likes, but for less hours a week and with more freedom to travel or simply avoid rush hour traffic.
Of course, you could always leave the nest and try your hand as an independent contractor, particularly if you have serious expertise and cache in a consulting niche like management, information technology, finance or marketing. If money isn't an issue, you could offer your services through an organization like the National Executive Service Corps that recruits retired executives to give managerial and strategic operations advice to nonprofits.
If you made quite a name for yourself as an executive, maybe it's time to pass on your secrets to the next generation as an executive coach. Find out more about this in-demand mentoring service with our next second career idea for retirees.