Whether you are looking to give back or strike out on your own, we have tips on how to move into a new line of work when you retire.
Year old Tim Collins is ready for an encore. He spent thirty plus years and human resource is it several large corporations and now plans to retire and tries something new. The things I'm pursuing are the things that I love the things that I think I would because that that causes that I care about. Com is pursuing an encore career and I couturier is you know. Continued working after your primary career that that does something positive in the world and also I'm helps you make a living if you need that. So we like to say it's continued working at the intersection of social impact and continued income. Outlook research indicates forty million Americans have gone this route and when he million more considering. Think so I'm leaving an office job and moving into a classroom after earning a teaching certificate whatever they take it doesn't happen overnight. Only after a lot of planning and soul searching. It started asking yourself some key questions about how we wanna live in the next flight status and then pennant. Working back from that to figure out what's the financial plan that's gonna help you do that so to pursue a career with more of a profit potential. Like starting their own business which takes a different kind of preparation. You can't go into that on a whim. You really have to have enough cash I tell them you have to have enough cash to live on for at least two years. Because you're probably not going to turn any profit for at least two years and in fact you might even fail. Before you make a move experts say you should volunteer in the field and gain some more exposure another way to make sure it's the right fit. Also don't factor in health care costs if you aren't eligible for Medicare yet and you don't have a spouse that you can join. He'll likely have to pay big bucks to cover yourself. I'm lying young and this is writers.