While exotic locales are a big draw, some people just don't have the luxury of picking up and leaving for six months, whether it be due to a working spouse, the grandkids, or the simple fact that some retirees enjoy where they live.
Take Art Koff, founder of RetiredBrains. Now in his 80s, he launched his company in 2003 after a 50-year career in advertising.
"When I was planning to retire, I was already looking for what I was going to do next," he said. "There was no site other than AARP that offered information to boomers, retirees and people planning their retirement, so I started RetiredBrains.com."
While RetiredBrains features everything from senior-living resources to tips on Medicare, insurance and health care, Koff found that retirees are most interested in the site's job postings.
"Many are interested in working on a temporary, part-time, project-based or seasonal basis. Others are looking for legitimate ways to earn money working from or out of their homes or perhaps starting a small-business enterprise," Koff said. Many retirees are looking to draw on their occupational skill set and become consultants.
And then there are others who follow a passion vastly different from their occupational roots.
Take Laura Cammarano, 59, who recently retired from her job as a senior engineer at Skyworks Solutions in Woburn, Massachusetts. Almost immediately, she sold her full-time residence in the suburbs of Boston and is now a ski instructor in Vermont in the winter — a job that is more fun than lucrative — and lives in Eastham, Massachusetts, in the summer, on the shores of Cape Cod.
In her "spare" time, she flips houses. And she does nearly all of the renovations herself, from framing and installing Sheetrock to tiling and painting.