The most direct and efficient way for depression-battered retirees to replace the money that has somehow gone up in smoke is to work for it. And despite much doom and gloom about the economy, getting a part-time job is often an easy and pleasant experience.
First, the pleasant part: Probably the most important single factor for enjoying retirement is having a full plate of interesting things to do. For example, as the movie Frost/Nixon illustrates, Richard Nixon spent the most unhappy years of his life after he resigned the presidency because no one wanted him to do anything. While having lots of interesting things to do doesn't need to mean working, it can certainly include doing so as long as the work is enjoyable and leaves enough time for other activities. Or, as a 70-year old ski instructor told me the other day, "Working weekends and holidays teaching little tykes to ski is the most fun I've had in years -- and they pay me, too!"
To find a part-time job -- or, perhaps, during the course of the year, two or three -- it helps to think like a twenty-something. That is, to assume that in many fields the world of 9 to 5 is gone forever and to instead adopt a "gig" mentality. That is, to piece together the desired amount of pay from several easy-to-get part-time jobs. After all, someone has to be on duty at the resort parking lot at 6:00 AM Sunday morning and at the drugstore at 10:00 PM on Monday -- and if you like to get up early or stay up late, jobs like these could be yours for the asking.
Probably the biggest key to older people getting work is to overcome shyness. After 60, even the most outgoing people become socially shyer and shy people can become almost invisible. No, no, no -- resolve that this is not going to be you! Then decide how much you need to earn, what you would like to do, and hit the bricks (or at least Craigslist).
Here are the five easiest places to find work:
1) Where you have worked before. As long as you'll accept less pay and don't try to assert your former status, employers who already know your skills may find plenty of part-time work for you to do. For example, a retired partner in a law firm specializing in intellectual property may be welcomed with open arms if she proposes drafting patent claims two days per week for a reasonable hourly rate.
2) A competitor of your former employer. For the same reason your employer might want you back on a part-time basis, its competitors are likely to want to employ someone who already knows the job. And this will usually be true even if you make it clear that you'll reveal none of your former employer's trade secrets, such as customer lists or pricing formulas.