Even for individuals with a history of professional success and advanced college degrees, discovering your new purpose and second career takes time and can be challenging.
It takes more than just declaring your retirement one day and then settling into a fantastic life, financial independence, and a beautiful existence in your later years (Kiplinger, 2022).
If you are thinking of a second career (whether part-time, full-time or an education consulting gig), you should start planning at least five years before retirement, advises Kiplinger, a reputable financial planning firm founded in 1947 and recognized for Money Magazine, among other publications.
FINDING A NEW PURPOSE DOESN’T HAVE AN AGE LIMIT.
Set yourself up to live the life of your dreams well into your golden years.
The following is a brief overview of the article 6 Steps to Finding Your Second Act in Retirement.
We've also included a link to the complete article below.
STEP 1: Begin Planning Early: You should start planning at least 5 years before retiring (or as soon as feasible), especially if you're considering a second career and want to start planning while you're still working.
STEP 2: Examine Your Financial Situation
Evaluate your debt and start paying it off as soon as feasible. "One of the worst things you can do" when considering a second career is "enter a low-paying second career, especially if you have debt."
Take note: There are numerous high-level and rewarding occupations with excellent pay available to educators beyond the schools. However, you must start planning as soon as possible.
STEP 3: Develop Your Exit Strategy and a Career Transition Plan.
Position yourself to earn an income while investigating new employment opportunities. If at all possible, avoid quitting without a solid exit strategy and keep working while looking for your next job.
Step 4: Research and Compile a Library of Career Transition Tools and Support.
This will assist you in understanding how your skills from the K-12 industry can be applied and utilized in another industry. Without the resources you need, transitioning to a new career in a new profession can be difficult.
STEP 5: Develop Strategies To Help You Navigate the Feelings and Emotions that Surface with a Career Change.
Change can be frightening and elicit a wide range of emotions, including fear, worry, and guilt.
Whether your career in education extends 15, 20, 25, or 30 years, you will have done your part.
In this next stage of your profession, follow your heart, take inventory of what fuels your passion, and find your new purpose. Take the time of find your next career. Don’t settle for less.
There are countless rewarding and lucrative education occupations in other industries that allow you to have an impact on the K-12 space without being a school system employee (IF that is of interest as well as non-k12 related roles).
Step 6: Pace Yourself and Allow for Grace
Begin planning as soon as possible so you may take your time and make informed decisions rather than hurried decisions that could lead to the wrong choice.
REMEMBER: FINDING YOUR NEW PURPOSE DOESN’T HAVE AN AGE LIMIT.
But, set yourself up to enjoy the life of your dreams long after you retire from the school systems.
RESOURCES TO HELP YOU WITH YOUR NEXT MOVE
Utilize our "Finding Your Fit" Career Matching Tools.
Created to support retiring and separating K-12 administrators, teachers, and other K-12 professionals to discover your new purpose and second career, and helping you enjoy life at all stages and ages.
Browse through our blogs,
Connect with a Career Transition Coach for 1:1 coaching services
or enroll in one of our "live" group webinars.
Read the entire article by Kiplinger here: https://www.kiplinger.com/slideshow/retirement/t012-s004-6-steps-to-finding-your-second-act-in-retirement/index.html
Stay Safe. Stay Inspired. Stay Awesome!
Broils Consulting Group, LLC
THE EDUCATORS CAREER TRANSITION EXPERTS
Transforming Careers … Transforming Lives
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