This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

In Your 50s? A Second Career May Be the Thing

NEW BERLIN, Ill. ( TheStreet) -- You may be nearing retirement, within 10 or 15 years of that magic date, and you may be thinking to yourself "I'm just going to play golf all morning and go fishing all afternoon ... it'll be a dream!"

Reality may just show up and slap you in the face. You've probably known people around you who cashed it in and moved to a retirement community, complete with the golf membership and afternoon karaoke parties. But you want something more from life. You're really not ready to just "stop."

If you're retiring with a need to work and a passion for carpentry, volunteer opportunities at Habitat for Humanity may be the start of something great.

Or maybe you wake up one day to discover you're in your 50s or 60s and you've got no idea if you have enough money saved -- or perhaps you've developed a health issue that is going to cause your health care expenses to be out of this world. Maybe your children or even grandchildren have "come home to roost" and your household costs are much more than you ever dreamed, so you're not saving like you should be.

It doesn't even have to be a specific event such as those described. It could just be that, in spite of all the effort you've put in, you just don't have enough. It could be that your best alternative is to continue working for a longer time than you had planned.

But -- jiminy! -- I've worked at this job for 25 years and am sick to death of it!

Enter the second career. There's no shame in it. In fact, you can prove yourself once again, and you'll be surprised at how invigorated you can be. Remember that we humans are always adapting, always learning, and if you're paying attention you're always seeing things you'd like to experience. Why not consider doing something a bit different?

It could be that you've acquired some sort of special skill or interest over the years, but you've never really pursued making a career out of it. Who knows? Maybe the fact that you're a minor expert on bookbinding or trainspotting could be parlayed into a career -- one where you'll look forward to each working day. The key here is to identify that activity (whatever it is!) that brings out your passion, that brings you actual joy in the doing.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.04 +28.83 0.17%
S&P 500 2,025.30 -4.25 -0.21%
NASDAQ 4,682.1060 +0.6090 0.01%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs