Retirement as Career Change
Retirement at 65? 70? Maybe 90…
Here’s an excellent article about the need to postpone retirement in today’s economic and social climate. Many 60+ workers are finding their savings have shrunk along with their property values. The goal of “sell this house, buy a small apartment and enjoy the difference” has morphed to, “Hope we can sell this house someday.” Frankly, […]
The new retirement planning
I just came across a rather grim article about post-retirement careers. Read it here. The gist of the article is that it’s difficult – really difficult – to get a job after retirement. You may be able to turn your hobby into a business. You may continue with your current employer (though at a reduced level). […]
Should you retire at 65 (or ever)?
Today’s New York Times includes an article on career change to retirement. You can read the full article here. Here are the article’s suggestions (with my comments): (1) Talk to a financial planner and see if you can afford to retire. Frankly, I don’t think it’s easy to plan. Your planner can make projections but […]
Relocation: Lower Cost of Living May Mean Lower Quality of Life
Relocation is one of the greatest stressors that most people experience in the twenty-first century. Often people move specifically to reduce expenses, especially in difficult economic times. However, as a career consultant, I urge my clients to be very suspicious of cost of living reduction promises. Many people decide to scale back their expenses by […]
Mid-Life Career Change: A Tale of 2 Retirees
Roland approaches retirement with what a healthy nest egg: three houses, a seven-figure retirement account, and a pension that covers most monthly expenses. Rosabelle just sold her retail business, after two years of coming to realize that, “This is not where I want to be.” A combination of increased competition and her own disinterest lowered […]