How would you answer these questions?
- Do you really miss your co-workers?
- Do you miss the challenges of your job?
- Do you find yourself thinking a lot about what you left?
- Do you need more income or better health coverage?
Relax, there is absolutely nothing wrong with unretiring. You aren't failing at retirement. There is no such thing. If it is in your best interests to re-enter the working work, then do so.
But, before you follow the quarterback who is famous for not deciding, here are some considerations for you. First, look at your motives. How you answer the questions above gives you a start at figuring out what you are feeling. Are your needs more fully satisfied by work, or are you simply dissatisfied with your retirement lifestyle? If you go back to work just because you don't like the way your non-working life is going, odds are pretty good you will be disappointed by your decision. It would be much more productive to correct what you don't like as a retired person than to avoid those problems by going back to work. Hopefully, you can find some help on this blog to make your retirement more satisfying.
Is it possible to go back to what you remember? A lot of folks can't. If you were let go it is likely you'll have a tough time recapturing your old glory. Maybe the company has changed so much that what you liked is no longer relevant. Maybe the company was sold and downsized dramatically and has no place for you. Are the people you liked working still there, or have many of them left, too?
If the need for more income is a motivating factor, have you considered part time work at your old company, or another in the same industry? Retired Syd, who writes one of my favorite blogs, recently struggled with this dilemma of "un-retiring" and took on a part time assignment. It seems she is satisfied with her decision.
How about consulting? I made a very nice living as a consultant. basically telling people stuff they already knew but wanting someone from out of town to confirm it.
Remember that your decision is not irreversible. Mr. Favre is living proof. If you decide that re-entering the world of the employed is best for you, go for it. Just remember, you can always re-retire whenever it becomes the best thing for you to do.