·         Use your network: Networking is the name of the game to put your future plans into action. Your network can help you scent out the opportunity that you are looking for. Send out feelers to your friends and colleagues. Many senior executives get advisory roles due to their vast network of contacts and goodwill.

·         Explore the market place: There are many opportunities available, so explore each one of them in depth to find the right one for you. Also take cues for people who have already started their second careers.

·         Use your resources prudently: You have probably a sizable nest egg saved. Try your best not to dip into it if you are planning to start a business. This money is for contingencies and starting a business does not qualify as one. Aim at a low capital business. Rope in your latent recourses. Get your spouse to handle the office paperwork and administration. It will get her out of retirement too.

Five golden opportunities for the recently retired

 The key to finding the right job for you is to introspection. What are your strengths and what can you offer the market place? It is essential to determine if how much time you wish to put into your work at this stage of life. It is your retirement after all you may want to slow down from the 12 hour day before you wife divorces you.

Here is a list (not exhaustive) of opportunities for people at retirement age and where to find them.

1. Consultant in your own firm 

The first place you should look is closest to home. Your company may not want to lose your valuable presence although the require you to retire as per regulations. Many a companies offer their senior employees roles as consultants. The main advantage to this role is that it is a familiar set up and you do not have to reprove your capabilities.

Beware -It may be at a lower pay and responsibility level. It will also mean a whole lot of   benefits which you receive as an employee may not be available to you. 

Where to look: In your own organization. Talk to your colleagues/boss and send out feelers to understand their outlook.

2. Non-executive director 

According to Security and Exchange Board of India (SEBI) norms, 50% of the non executive directors on board should not be related to the promoters of the company. This has opened a vast field of positions for senior level people. Says Mr. E. Balaji, Chief Operating Officer, Mafoi Consultants, "Now a days many of them are in demand to occupy the NED (Non-Executive Director) position lot of companies are creating at the board level to bring the corporate governance."

Where to Look: Look and send out feelers in corporates in a similar field where you have already worked in, this is where your expertise will be in demand.