 After his boxing career, Raeschke owned a beer tavern inside the entertainment district St. Pauli.Initially, the tavern was named "Cape of Good Hope" ("Cap der Guten Hoffnung"), it was later renamed "Bei Ferry" and was sold during the early 1980s.Raeschke won the 22nd German National Championships in 1941, and won the gold medal, defeating Július Torma (HUN), Borje Wretman (SWE), and Lajos Szentgyorgy (HUN), in the Welterweight class at the 1942 European Amateur Boxing Championships in Breslau.