This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Three Choices for a Midlife Career Move

As more boomers push their retirement date back, late-career job searches are becoming more common.

"Challenges come when a mature worker transitions to a new job after being in the same place for a long period of time," says Deborah Russell, director of Workforce Issues for AARP.

For seniors who have had to put off retirement because of a sinking economy, there are three growing sectors where they can put their experience to work in a shining-new career.


The health-care industry is short-staffed, and what it needs most is nurses.

"Hospitals are looking to retain and also recruit from an older nursing pool," says Russell, "which also includes recruiting retired nurses and encouraging them to come back." According to a national survey of registered nurses by the U.S Department of Health and Human Services, 82% of RNs are over 35, and 11% of nurses are over 60." For people who already hold a non-nursing bachelor's degree, an accelerated bachelor's of nursing, or BSN, degree usually takes 12 months to complete, and a BSN typically earns $65,000 a year.


The over-50 set can find success by parlaying their professional experience into an opportunity to consult for other businesses. "This is a huge emerging area," says Russell, of the increase of baby boomers wanting to become self-employed . "The whole consulting area is growing rapidly with mature workers who come with a lot of experience and can use it to consult on a variety of issues."

Real Estate

A real-estate appraiser can work independently or with a firm, giving the potential for flexible hours and small business ownership. And according to the Bureau of Labor, the field is expected to grow by 17%, which is faster than average. What does an appraiser do? Lots. An appraiser estimates the value of property to assess property tax, confirms adequate collateral for mortgages , helps to set a good sales price, settles an estate, or facilitates a divorce settlement .

After taking certification classes, an appraiser can expect to make about $66,000, although according to the Appraisal Institute, there's potential to make well into the six figures.

Whatever you choose, have a realistic understanding of what a second career means, and how you're going to get there. "Our research shows interest on part of boomers who are midcareer workers who are looking at the opportunity to do something new," Russell says.

"But get an idea of what that's going to look like. How are you going to transfer your skills to a completely new field? If you're a teacher all your life, and now want to go into nursing, what does that take? And does the market demand what I'm looking for?"

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
GE $27.29 1.75%
AAPL $111.31 0.48%
FB $92.80 -1.29%
GOOG $645.44 0.62%
TSLA $241.46 -1.91%


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs