Navigating Your Career Transition Blueprint After Retirement
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Chapter 1: Understanding the Challenges of Career Transition
Thinking about pursuing a new job after retirement? The reality can be daunting. A previously published article sheds light on the difficulties faced in this journey. Essentially, landing a job post-retirement can be quite a challenge. While you might explore turning a hobby into a business, or perhaps stay with your current employer on a reduced basis, the traditional ideas often miss the mark.
The article offers a more grounded perspective compared to the overly optimistic "encore career" narratives that frequently circulate. However, when reframing "retirement planning" as "career transition," a sense of optimism emerges.
The key realities to consider are:
- If you are over 50 and lack experience in entrepreneurship or sales, it’s essential to begin now. Enroll in a course at a community college or look for online classes. (You may need to be discreet if you're still employed.) Equip yourself with essential marketing skills, particularly online.
Starting small is perfectly fine. For instance, my dog-walker began with just a few neighborhood pets and has now built a thriving business, managing numerous dogs and cats by subcontracting to eight individuals while taking a percentage of the earnings.
- Accepting a lower-paying job at a reduced level can be overwhelming for many. This might be even more stressful if you stay with your current employer, working alongside former colleagues who have been promoted. The sense of being an outsider can lead to increased stress, which is detrimental to both your health and finances.
- Focus on action rather than investment. In times of uncertainty, it’s tempting to panic and spend money on solutions. While there are numerous expensive online programs available, their value can vary significantly. A program can only be beneficial if it aligns with your needs and skills.
Your primary challenge lies in aligning your abilities, passions, and interests with market demands. Identify what people desire, what they are willing to pay for, and how you can establish credibility in that area.
Most importantly, start planning before you find yourself in a crisis. Be prepared to act swiftly if you unexpectedly lose your job or if your current role becomes intolerable for your mental well-being.
What’s the Next Step?
Utilize your present job as a stepping stone toward your next opportunity. I offer a budget-friendly Udemy course on this subject, suitable for individuals of all ages.
Begin with free educational resources, especially if you’re on a budget. Your local community college might provide relevant courses, and the Small Business Administration can connect you with counselors, although their quality may vary. Additionally, your public library is a treasure trove of books, while local or online bookstores can be invaluable.
The critical question is — what will motivate you to take action? If you find yourself merely reading or attending classes without making progress, it may be time to evaluate your motivation or consult with a coach or counselor. Avoid costly services until you gain momentum in your venture.
Chapter 2: Practical Steps to Take
In the first video, titled "NewRetirement Tutorial for Beginners 2024," viewers will gain insights into navigating retirement planning effectively.
The second video, "The BEST DIY Retirement Software? A CFP® Reviews New Retirement," provides an evaluation of retirement planning tools that can aid in your transition.
Catharine ("Cathy") Goodwin, a former college professor, is now a recognized online marketing consultant, storyteller, and strategist. Through her Medium channel, she delves into topics such as healthcare, psychology, and the societal perceptions of aging.
Cathy’s upcoming book, "When I Get Old I Plan To Be A Bitch," scheduled for release in July 2022, offers a candid perspective on aging, featuring provocative chapter titles like "I Ain't Miss Congeniality" and "Take This Pill and Shove It." Subscribe here to get notified upon its release.