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.|
As they always tell you in those touchy-feely career seminars: It's time to think outside the box. You've identified that you don't want to (or can't) just stop working. Now's the time to turn your work into something enjoyable. After all, you may have spent more than half your life in a job you are looking to rid yourself of, so why not start the process early and define your job for yourself? It may not be realistic to pursue becoming an astronaut later in life, but if you've got the background and the passion, who am I to tell you that you shouldn't? Let your hair down. Put your records on. Whatever it takes to get your juices flowing! And then map out a plan to get yourself from point A to point B. Go back to school if necessary. Talk to professionals in the industry you're interested in. Maybe the ideal second career is not to be the star in the show, but maybe the guy or gal on the sidelines. For example, having a passion for carpentry could garner you volunteer opportunities at Habitat for Humanity; certainly former President Jimmy Carter has made homebuilding for the charity something of a second career, although he has no need to be paid and isn't. Or maybe you enjoy quilting -- hand-made quilts are quite valuable, and that skill could be developed into a career, either selling the quilts yourself (such as via Etsy.com) or by supplying a local artisan shop. Or possibly the answer is to work as a part-time consultant in the same type of work you've done for your career. There are myriad possibilities. You just have to decide. The point
From a financial standpoint, the real issue here is that earning something -- even if it's only half of your needed expenses -- can have a very real impact on your future available funds. Not to mention the fact that staying active will help you to feel better, remain healthy and engaged in your later years and contributing to the greater good. Depending upon your chosen pursuit, you may be able to reduce your health care insurance costs and continue to increase your retirement savings, all while doing something you truly love! It's all up to you. It's time to make the decision: Is a second career in your future?