Retirement Career Change Ideas

In: Other Topics

Submitted By retiredtalent
Words 585
Pages 3
Considering a retirement career? Some sort of work that not only provides you with an income, but gives you a sense of meaning and purpose as well? The ability to share your knowledge with others and not just to do a menial task that most volunteer post offer is a top priority for many retirees for their next career. Fortunately, crowd-sourcing, specifically for retired people, is making a way to accomplish what retirees want in a new career.

More than 75% of baby boomers plan are expected to work past retirement age. Many will be creating their own, more flexible work arrangements. And as the supply of workers begins to decrease in the near future, workers over 50 will once again be needed for their knowledge, experience, and talent.

Your skills, maturity, and wisdom are assets, all of which are coming to be more valued in our society. Work can be a vehicle for your own growth and development, as well as an opportunity to contribute and be of service to others leaving a legacy to the community.

Planning For Career Change In Retirement

Planning for a new career in retirement can be challenging, but opportunities will be there. It's important to take your time identifying your values and passions before you decide what you want to do. And remember, your retirement career change is just part of your total retirement lifestyle planning.

Then ask yourself what's important to you in your retirement career, things such as... * flexibility * autonomy * making a contribution * creativity * decent income * enjoyment and fun

Once you know what's important to you, you can begin to research careers that interest you to see if they fit your needs. Here are some ideas for assessing your interest, getting your foot in the door,and showing potential employers what you can do and who you are. * Talk with people in the field you're…...

Similar Documents

Retirement

...RETIREMENT Everyone may ask once in his lifetime, “What does one need to have a comfortable retirement?” When people are young, they think they have many years ahead before planning for retirement. People look forward to retiring, maybe moving to another state, going on vacation, or simply just enjoying the golden years. While Social Security was not intended to be a retirement plan, but rather a retirement supplement or safety net, many American retirees have relied heavily on this monthly benefit to sustain him.  Many Americans were/are not fortunate enough to have worked for a company that provided an ample pension or any pension plan. The lower and middle classes in the United States, out of necessity, have survived in their post working years on Social Security.  Even though that may not have been the intent of the program that is the hard reality. Middle class and upper class individuals have had the luxury of acquiring a little extra money to set aside or to invest for their retirement. Most Americans expect Social Security to provide for them in their retirement years. However, as many people know from reading, listening, or watching the news, Social Security is in financial distress. Congress is discussing changes that need to be made for Social Security to survive even as a reduced entitlement. Therefore, Social Security may no longer be relied on as sufficient for even the barest necessities of life. Therefore people should consider alternatives for......

Words: 912 - Pages: 4

Pursuing Universal Retirement

...______________ Pursuing Universal Retirement Security Through Automatic IRAS and Account Simplification Testimony before The Committee on Ways and Means United States House of Representatives April 17, 2012 David C. John Senior Research Fellow The Heritage Foundation I am David C. John, the Senior Research Fellow for Retirement Security and Financial Institutions at The Heritage Foundation. In addition, I am also the Deputy Director of the Retirement Security Project (RSP). The views I express in this testimony are my own, and should not be construed as representing any official position of The Heritage Foundation or RSP. Chairman Camp and Ranking Member Levin, I appreciate the opportunity to testify before you on ways to increase retirement savings opportunities for all Americans. With the continued decline in the number of Americans covered by employer sponsored defined benefit plans, millions of individuals whose employers don’t offer any way for them to save for retirement at work, and Social Security’s continued financial problems1, it is crucial that the Congress develops a common strategy to expand retirement savings in a manner that transcends ideological and partisan differences. In 2006, a bipartisan majority in Congress eliminated barriers to the use of automatic enrollment and similar automatic techniques in retirement savings plans with the result that millions more Americans are both saving and building retirement security. The results have been......

Words: 8619 - Pages: 35

Retirement

...  Even thou Americans have Social Security, Americans need to plan for their retirement because of the failing economy and the rise of government debt. The failing Social Security program has been in the news for years. It has become a growing issue and a major concern to most Americans. With all the issues facing the government and its economy, the Social Security program needs to be overhauled. Still, people should also take matters in their own hands and make investments in a retirement plan. With the current predicament the Social Security program is in, the results of this system failing could be catastrophic for retiree’s. The results of this would place many retired Americans into poverty and losing everything they have worked for. However, this issue can be avoided by investing in their own retirement instead of putting their trust in the failing Social Security system. The structure of Social Security is expected to fail in years to come. With people living longer and family’s being smaller, less revenue is being poured into the Social Security system keeping it up and running as an active source of retirement income. It has been suggested that early actions to reform Social Security is needed to protect the program from failure. As we all know, the economy is in shambles and the U.S. Government is in a predicament with its own debt. With the governments need to solve its debt ceiling, money has been used from Social Security for funding and a way to pay debt. This...

Words: 922 - Pages: 4

Retirement Home

...location in our specific region: There are hundreds of retirement villages around the Dalla/Ft. Worth area and almost everyone claims that they are the best. Separated by only 30 miles, Dallas and Ft. Worth are full of retirement homes competing with each other. In the last 10 years, Dallas’ growth has increased the smallest amount since the late 1800’s but the current citizens are growing older and retiring and the retirement homes are at high capacity. More are needed and the retirement communities are growing. Retirement homes and retirees are growing in the area of Dallas/Fort Worth, Texas so competition is high. The location of the company needs to be easy access for many major retirees and close to most of the retirement homes but not too far for families to go and receive most of their healthcare needs. Many of the retirement homes on the map below, as indicated by all of the red dots and letters, are concentrated all around Dallas and Fort Worth. An explanation and map of the specific location: Location - Close to major highway arteries and close to retirement communities - We have chosen to place the facility next to interstate highway 30, Tom Landry Freeway, and by state route 360. It is close to the two major highways to make it easy access if the patient is coming from Fort Worth or Dallas, Texas. The location is a little closer to Fort Worth and not very close to any major retirement homes but it is mostly in the middle of all......

Words: 404 - Pages: 2

Career Planning

...Career planning Related Links Links will open in a new windowMyFuture Get Access—Career links Attracting and keeping good staff is a challenge within today's labour market. One strategy that will help you with this is to encourage all staff to engage in career planning. If your staff have clear direction and goals they are more likely to be satisfied in their job and this could mean less staff turn over for your business. Career planning is essential to retain the good staff you already have. What is purpose of career planning? When you organise or support career planning, you give staff a clear message that you support their employment advancement within your organisation. By helping people to plan career choices that are realistic and suitable, you are offering them the opportunity for future satisfaction within your business and you significantly lower the risk of them leaving. In the process of developing a career plan, employees will gain a better idea of: • what type of work they are best suited to within your organisation • what training and education they will need to pursue the work they would most like within your organisation • the strategy that will help them get where they want to be. Meaning of Career Planning Career Planning is the systematic process by which one selects career goals and the path to these goals. From the organization’s viewpoint, it means helping the employees to plan their career in terms of their capacities within the context......

Words: 1896 - Pages: 8

Retirement

...Retirement: The End of the Road? Retiring is another life decision that many have to make. It’s not always easy or well thought out because like many choices people are forced to think and react quickly. There are different factors that influence one’s decision and the choice is not always what you had planned. Studies and researchers have suggested reasons why people retire and have explained life after work, but times have changed which means people have changed. Retiring does not have the same value for everyone; it is not what some look forward too because everyone will not retire and live a life of luxury. Retirement is not the same experience for everyone, but it does open doors to a new life experience. Although there are many reasons and different views and outlooks, retiring could be full of opportunities and possibilities. Retirement is what you make it. Sixty-five is not the magical number of retirees anymore. Some are retiring early while others sixty-five and older are still working. Family, health, race and gender are some aspects that influence one to retire. “Men are more likely to decide to retire when their wives become eligible for Social Security ben¬efits; wives are more likely to be influenced by their husbands’ decisions and the couples’ overall eco¬nomic situation”, (Markson, E. W. & Stein, P. J., pp. 212, 2012). Women earn less so they have less money saved. They don’t know how to plan so they don’t know what do. They don’t invest and if they......

Words: 1036 - Pages: 5

Transition to Retirement

...TRANSITION TO RETIREMENT BY JONATHAN GUTIERREZ BSHS/325 6/17/2014 UNIVERSITY OF PHOENIX In our early adult lives, a lot of us gets used to the routine of getting up in the morning, work till the evening, and come home for many years, but if we are lucky enough to reach the good age of 65, we get to retire, and that will change our roles and lives from here on end. During this time since we have no more jobs to worry, we have different roles in our social groups. In many TV shows it is common to see a grandma and grandpa, being put in a nursing home or living under the same roof as their kids and grandkids. Life at this stage is not all fun and relaxation; we have more health problems then our younger adult life, and we have to watch our diets to reduce any more problems to can give us complications. A question that arises at this age is “can I afford to retire, can I continue to work past 65”, many older people that is about to retire will wonder this question, because the social security might not be enough to sustain their old way of living when they had jobs. This is our later adulthood, its experiences, and expectations. We all had jobs that required us to set aside time for work, put food on the table and we do this for 40 something years, but now your retired. Retirement is great, but it takes a while to adjust to this new life, because when you first wake in your first day of retirement, you will find this great you all the time in the world to do......

Words: 1120 - Pages: 5

Retirement

... Where, Q is the dummy variable. We can get the table 1 when we finish the regression, We can see that the children who born in the first quarter of the year almost have 10% less education years than the children who born in the fourth quarter of the year. And we can see the result is almost the same in the two birth cohort 1930-1939 and 1940-1949. And the p-value of the F-test is nearly to zero which means it is statistically significant. (2) Estimating the Return to Education When we take the mean log weekly wage of men age 30-49, we may find the age-earnings profile is positively sloped for men between ages 30 and 39 (born 1940-1949), but fairly flat for men between ages 40 and 49. In order to avoid the effects of life-cycle changes in earnings that is correlated with quarter of birth, we use the seasonal pattern in education to calculate the rate of return to a year of education based. And also we mainly focus on 40-49 year-old men, whose wages are hardly related to age. We use the seasonal pattern in education to calculate the rate of return to a year of education based on an application of Wald's [1940] method of fitting straight lines. The result was shown in Table 3. In 1970, for example, men born in the first quarter of the year earned a 0.7% lower weekly wage and had completed 0.126 fewer years of education than men born in the last three quarters of the year. The ratio of these two numbers 0.072 is a consistent estimate of the return to education......

Words: 2918 - Pages: 12

Retirement

...Retirement Abstract Retirement is a great is one of the biggest developmental changes that life has to offer. It can affect you in many ways if you are not prepared. Although, it may have negative effects on a physical and psychological level, it also can have its benefits. It depends on how prepared you are, going in to this stage of life. In most cases, the economical status of an individual can be a major factor in being prepared for this event. As human beings, we are not able to depend on our own selves and that is where psychological stress may impair our vision of retirement should be. Now, I ask, why do we retire? Obviously, to enjoy what we have achieved from all the hard work that have had to endure. For some it may come easy; for others it becomes a difficult stage where independence becomes dependence and that is where anxiety and depression come in to play. In this paper, I will discuss the findings psychologists that have studied the effects of this life stage. First, let’s review the psychological perspective of retirement. As stated by Kenneth S. Shultz and Mo Wang, “Retirement is an interdisciplinary topic studied by researchers in psychology, sociology, social work, demography, economics, and organizational sciences…” Because of this, literature on retirement has grown a great deal and has research has taken many different forms. The......

Words: 1590 - Pages: 7

Retirement Essay

...Retirement Essay It is important for our generation to start preparing for our future as early as possible. During this economic crisis it is difficult to predict our job security as well as our future finances without proper planning. Over the last couple of years we have seen the implications of what can happen to those who do not take actions to secure their finances. For those of us who are in the military we have a bit more control over our job security as opposed to those who are not. Most of us can expect to have a steady income for at least the twenty years should we choose to make the military a career. You should be saving at a minimal fifteen percent of your income each month to prepare you for your future. I recommend that you save ten percent of your gross income for your retirement and the other five percent for your long-term goals. There are many benefits to be had once you start saving such as a substantial savings for your retirement, money to purchase a home, and money for your children’s education. It is often said that the average person’s savings should have enough funds to cover at least six months of your rent or mortgage. It is important for you to start saving early so that you can provide for your family in case of unexpected emergencies, retirement, and future plans. You do not want to rely on high interest credit cards or pay day loans to get you out of a situation. These will only put you further in debt. The sooner you start......

Words: 1010 - Pages: 5

Retirement Planning

...Retirement 1 Bob Davidson is a 46-year-old tenured professor of marketing at a small New England business school. He has a daughter, Sue, age 6, and a wife, Margaret, age 40. Margaret is a potter, a vocation from which she earns no appreciable income. Before she was married and for the first few years of her marriage to Bob (she was married once previously), she worked at a variety of jobs, mostly involving software programming and customer support. Bob’s grandfather died at age 42: Bob’s father died in 1980 at the age of 58. Both died from cancer, although unrelated instances of that disease. Bob’s health has been excellent: he is an active runner and skier. There are no inherited diseases in the family with the exception of glaucoma. Bob’s most recent serum cholesterol count was 190. Bob’s salary from the school where be works consists of a nine-month salary (currently $95,000), on which the school pays an additional 10 percent into a retirement fund. He also regularly receives support for his research, which consists of an additional two-ninths of his regular salary, although the college does not pay retirement benefits on that portion of his income. (Research support is additional income; it is not intended to cover the costs of research.) Over the 12 years he has been at the college his salary has increased by 4 to 15 percent per year, although faculty salaries are subject to severe compression. So he does not expect to receive such generous increases......

Words: 961 - Pages: 4

Retirement Plan

...Retirement is an important aspect in life that many people don’t ever get to experience. I know many people that work their whole life; which is mostly because they can’t afford to retirement. Having a retirement plan helps you prepare for the future so you can enjoy the final years of your life. Some people also enjoy working their whole life because it’s what keeps them going. I honestly wouldn’t mind working my whole life unless I wasn’t physically able to. Everyday throughout the world people are getting ready or finished planning their retirement plan. There is so much to look into on how to organize a plan very well on what you want for your retirement. Many focus on what stocks and bonds they will want to invest in and also about the 401k. I don’t plan on working a normal job in the future, but if I did a 401k would help me out the most when in retirement. What I want more than anything is to have my own business because that’s what I’m going to school for. If my business works out good and generates plenty of profit then I should be able to have a nice retirement. The two main problems in everyday people in trying to organize their retirement plan is what kind of stocks they would want to invest in. There are so many different stocks in the stock-market that it makes it difficult for people to figure out which one will go best for you in the future. A different problem would be what bonds they would also like to invest in. Investing in stocks and bonds will not make...

Words: 1204 - Pages: 5

Career Transition

...In early August 2015, I relocated to Jacksonville to embark on my Masters in Clinical Mental Health Counseling (CMHC) at the University of North Florida (UNF). This marked a definitive step in my career transition process. Approximately three years ago, several life and work related events converged which caused me to re-evaluate my life. Personal triggers included - turning 50, my husband’s health issues and his post-retirement life-style change and my mother’s retirement and her subsequent move to Jacksonville. At work, I was charged with the assessment of Obamacare and the implementation of the Health Exchange for Medicaid products; areas which I oversaw. I was also selected by senior executives at the corporation where I was employed to participate in the Executive Leadership Program for America’s Health Insurance Plans (AHIP). Despite having been certified from the prestigious program and recognized by internal and external entities as a leader and subject matter expert in my field, I was becoming increasing disenchanted at work. I was not able to break the “glass ceiling”. Those at the executive levels were (and are) mostly white males. Minorities (non-whites, non-hetero males and females) were already in place. There appeared to be no need to admit additional “tokens” to fulfill an appearance of diversity at the upper echelons. When I evaluated the impact of Obamacare, I predicted the need for substantial downsizing due to automation and projected......

Words: 1800 - Pages: 8

Retirement Plan

...Retirement Planning and Social Security In the United States, we do not need to plan for retirement. Social Security will cover our needs when we retire. This is a common misconception among Americans simply because the Social Security program has been such a vital part of most everyone who has retired in our country for so many generations. We as Americans have grown to trust that our country is going to be not only able to give a portion back to us in our older years, but we feel it is our right as Americans to finally receive a little financial peace after a lifetime of labor and dedication. While all of these feelings are completely justified, there are a few questions we need to ask ourselves to ensure that freedom. We need to decide what exactly are our needs going to be at this point in our lives, and what we can realistically look forward to from Social Security, and finally educate ourselves on the alternatives and supplements that may be offered to us. Naturally you will want to know how long your retirement money will last you. First you must tackle an even tougher question; How long will you live? The life expectance for both men and women has increased over the past several years mostly due to such great strides in healthcare. If we only knew what to expect it would make planning much more precise. There are a few fun ways to gather an educated guess, by going to the Paul Beson Faculty Scholarships Aging Research Program you are able to fill out a life......

Words: 958 - Pages: 4

Managing Career

...Theory I. Definition of Career Concepts • Career is a series of job posisitions that people have held during their work life. Many people look back on their careers, knowing that what they might have achieved they did achieve, and that their careers, their lives and their potential went unfulfilled. • Career management is a process that enables employees to understand and develop their career skills and interest, and to use them effectively. For the time being, career management can be briefly described as ongoing process in which an individual - Gathers relevant information about himself or herself and the world of work - Develops an accurate picture of his or her talents ,interest, values, preferred lifestyle as well as alternative occupations ,jobs, and organizations - Develop realistic career goals based on this information - Develops and implements a strategy designed to achieve the goals - Obtains feedback on the effectiveness of the strategy and the relevance of the goals Moreover, individuals will need to develop a set of career competencies that enable them to develop insight into themselves and their environment so they can navigate their increasingly unpredictable and “chaotic” careers. The specific steps in the career management process and the qualities necessary to carry them out. • Career planning is the......

Words: 7657 - Pages: 31