• Account Access
  • Contact Us

    Pre-Sales Support

    Mutual Funds and ETFs - 800-456-7526
    Monday-Thursday: 8:00 a.m. – 6:00 p.m. ET
    Friday: 8:00 a.m. – 5:00 p.m. ET

    ETF Trading Support - 415-315-6600
    Monday-Friday: 9:30 a.m. – 5:00 p.m. ET

    Post-Sales and Website Support
    Monday-Friday: 9:00 a.m. - 6:00 p.m. ET

  • Advisor Log In

How to Continue Your Education in Retirement (Without Spending a Fortune)

February 11, 2020



Imagine you’re a singer back in 1963. Paul McCartney offers you a song to record called “Yesterday.” You think about it, but turn it down because you just don’t think it’s right for you. That’s what Billy Kramer did. He thought it was okay, but he was looking for more of a rock ‘n’ roll song. Paul later recorded “Yesterday” himself, and later it was voted one of the best songs of the 20th century. Billy Kramer must’ve kicked himself for passing up such an opportunity.

Similarly, we can pass up opportunities for learning in retirement. Top colleges, such as MIT, Harvard, Stanford, and others, offer online versions of their courses—for free! Unfortunately, many retirees pass on the thought of taking a college course. Perhaps they think they’re too old or that college just isn’t right for them. They may miss out on opportunities to keep learning in retirement.

What We’ll Cover:

  • Yes, college is for 65+
  • What are Massive Open Online Courses?
  • Learning can be good for your retirement

First, College Is for 65+

Even though 62% of people over 65 consider themselves lifelong learners,1 the thought of spending hundreds—or even thousands—of dollars for a course, driving to a campus, and walking into a classroom of 18-22 year olds is discouraging. Most clients won't do it.

So what are other options if you want to enhance your skills for work or just learn more about something you’re interested in?

Now you can join a course where age is irrelevant. No one can see you, and you can take classes in your pajamas if you want to. You can take the course anywhere with a mobile phone, tablet, or computer. You can join the classes when it’s convenient for you, whether that’s 5:30 am or midnight. And it’s free.

Second, What Are Massive Open Online Courses?

Massive Open Online Courses (MOOCs) are online course aimed at unlimited participation and are available to anyone via the web. The courses include offer lecture videos, reading material, assignments and tests.

Two of the biggest, most popular MOOCs are edX and Coursera. You can browse available courses or search for a topic you’re interested in. When you find a course you want to take, you’ll need to register online. Most courses last 6-8 weeks. You’ll have weekly assignments with quizzes and tests so you can see your progress. There will be online forums, so you can ask questions, provide feedback, and get help if you need it. But will you find courses you’re interested in?

Both EDx and Coursera offer over 1,000 free online courses. At Coursera, 10% of students are in the 60-plus age group2. You’ll find a wide variety of courses on topics such as 19th Century Opera, Pyramids of Giza, and The Science of Happiness. The courses are offered by top colleges, but do you get college credits?

Most of the MOOC don’t offer college credits. However, If you can get an optional certificate of completion, for $49 on Coursera and between $50 and $300 on edX. These accessible courses were designed with individual enrichment and enjoyment in mind, rather than credit accumulation.

Popular Sites that Offer Free or Low-Cost Learning Opportunities

Third, Learning Can Be Good for Your Retirement

Many people enter retirement looking forward to a life of leisure. But many retirees experience a spike in well-being and life satisfaction directly after retiring, followed by a sharp decline in happiness a few years later3. It’s possible that a life of leisure doesn’t provide the sense of purpose and feelings of accomplishment people experienced during their working years. If you’re feeling that retirement letdown, or you’d like to avoid it, taking an online course could help you find a new, exciting purpose in retirement. Plus, learning may help keep your mind sharp as you age.

A study found that people who learned a mentally demanding skill, like photography, showed improvements in memory compared to those who were only engaged in social activities or non-demanding mental activities. Learning something that was unfamiliar and mentally challenging was the key to improvement.4


What to Do if You Like the Idea of Taking Classes In-Person Instead

Despite the accessibility and cost of online courses, there are definitely benefits of taking courses in-person, too. You’ll probably get more social interaction with other students and professors, and you’re able to get more immediate answers to questions. But in-person college courses come with higher cost and commitment. If you pay $500 for a community college course, you’ll feel obligated to attend every class, whether you like it or not. If you take a MOOC course and you’re not enjoying it, you can just stop and try something different.

Remember These Things If You Want to Keep Learning in Retirement

First, recognize that you can take courses online now without the hassle of going to class in-person or paying a lot. You can learn right in your living room using your phone, laptop, or tablet. Second, MOOCs offer a wide variety of course subjects and topics you can learn about, and most of the classes are free.  If you brainstorm topics you’d like to learn about, chances are you can find a MOOC course available. Third, learning can be good for your retirement and your health.

What if Bill Kramer Would Have Recorded “Yesterday”?

Because he passed up a great opportunity, we’ll never know how popular he would have become. Don’t pass up opportunities to keep learning. In retirement, you’ve got the time to learn new things—and without incurring a huge cost. MOOC courses offer plenty of adventures for you to explore. Here’s how to get started.

Next step

Visit edX and Coursera websites. Browse available courses or search for a topic you’re interested in. Then sign up for your first course.


1The joy – and urgency – of learning, Pew Research Center, 3/22/16. Most recent data available.
2Free Online Courses Keep Retirees in the Know, The New York Times, 3/19/15. Most recent data available.
3Retiring minds want to know, American Psychological Association, 1/14. Most recent data available.
4Learning New Skills Keeps an Aging Mind Sharp, Association for Psychological Science, 10/21/13. Most recent data available.

Links from this article to a non-Hartford Funds site are provided for users' convenience only. Hartford Funds does not control or review these sites nor does the provision of any link imply an endorsement or association of such non-Hartford sites. Hartford Funds is not responsible for and makes no representation or warranty regarding the contents, completeness or accuracy or security of any materials on such sites. If you decide to access such non-Hartford Funds sites, you do so at your own risk.

The material is provided for educational purposes only.