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If you wish to establish or strengthen online degree,
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Make a Late-Career Change |
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Joanne Murray |
Abandoned by
promised retirement pensions or swept up in corporate
downsizing, an unprecedented number of 50-plus
professionals feel pressed to reinvent their work lives.
Many also are dealing with unexpected health problems
and other life events that prompt a change in
professional direction.
The US Bureau of Labor Statistics reports that
professionals older than 55 are the fastest-growing
segment of the workforce. By 2012, those workers will
constitute 19 percent of the labor force, up from 14
percent in 2002. As more Baby Boomers choose or need to
stay employed beyond traditional retirement age, they
are called upon to stretch their thinking in new ways in
order to close out their work lives with financial
security, integrity and purpose.
But far from being left behind in this century's
ever-changing labor market, older workers can benefit
from leveraging their talent and experience into
entrepreneurial efforts. These three stories of workers
who have done it will inspire you.
Freelance in Your Chosen Field
After years of working third shift as a nurse in a
pediatric hospital, Anne Turner was enjoying a more
relaxed retirement pace -- until she became widowed at
62 and encountered unanticipated financial constraints.
Needing to return to work but wary of nursing's long
hours and physical demands, Turner decided to freelance
as a private-duty nurse providing in-home care. She
chooses the patients for whom she provides care,
minimizes physical strain and controls the hours and
days she works.
"The ability to determine my schedule while
supplementing my income allowed me to have the best of
both worlds -- financial flexibility and time to enjoy
the retirement I had waited for and worked so hard to
achieve," says Turner. "It's not what I had planned to
do at my age, but I've learned to roll with the
punches."
Make a Career Out of Your Hobby
After 32 years of teaching media arts in public schools,
Ed Matthews faced his decision when his wife was
diagnosed with breast cancer. At 51, he wanted the
freedom and flexibility to focus on her care. Although
his pension was compromised, Matthews and his wife
decided to cash in on time together when it mattered
most. Once the intense days of caretaking were over and
his wife was recovering, Matthews translated his love of
carpentry into a business that has become a lucrative
second career.
"I was surprised to find that I am actually earning as
much money now as when I was teaching, and I can decide
to take on only those projects that I enjoy for people I
want to work with and for," he says. The work also
allows Matthews to control his schedule so that he can
spend time with his wife.
Matthews finds himself mentoring younger workers in ways
that are equally as satisfying as teaching, and he is
pursuing his love of television and video production by
undertaking freelance projects for area colleges and
universities.
Cultivate Consulting Opportunities
Martha Nolte chose to take advantage of an
early-retirement incentive program. She worked for 25
years as a project manager for various manufacturing
companies and eventually state government. Planning to
pursue a long-held dream of starting an herb farm, she
faced the need to supplement her limited pension to make
her idea possible. Using her professional network, Nolte
made her early retirement work for her, finding
consulting work at a high hourly rate. This was possible
because she didn't need the health insurance and
long-term stability of a full-time position. She carved
out three days a week to earn the income to advance her
retirement goal. More in demand than ever, her biggest
difficulty these days is keeping her consulting to three
days a week.
Whether you choose to stay in the field you've devoted
your professional life to or opt for a brand-new path, a
later-in-life career change requires you to take risks
and define success -- and yourself -- in new ways. You
must also be willing to accept a different view of the
future than you originally envisioned. |
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This article originally appeared on Monster.com. |
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