post retirement career planning

August 01, 2016

Plan Your Post-Retirement Career

If you want to continue working in some capacity after you retire, you’ll have to do some planning. Start by asking yourself 4 questions:

(1) How much money do I need to earn?
 If a certain income is mandatory, this criterion needs to come first and will influence your other decisions.

(2) How much location independence do I want? 
If you have visions of balancing some work with a lot of travel, or if you’d like to spend winters in sunny climes, think carefully about how to cultivate a location-independent second act, such as a seasonal or internet-enabled job.

(3)How much change am I seeking?
 If you’d simply like to downshift in your current career, ask your manager about transitioning into a consultant role. A bolder change will require additional groundwork.

(4)How can I start test-driving my future career now?
 Experiment with some small side projects while you have the security of your regular income.