There are plenty of good reasons to hold down a job in retirement. For one thing, you might want or need the extra income to supplement your savings and Social Security benefits.

Also, retirement can be boring. It's hard to go from having a full-time work schedule to having no place to be day in, day out. So holding down a job might add some much-needed structure to your routine.

Retirees also have a tendency to get lonely. This may not happen if you're surrounded by friends in the same boat. But if you're single, live alone, and don't know many retirees in your area, you might quickly start to miss the company of others. Having a job to report to could help things pick up on the social front.

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Source Fool.com