Millions of experienced workers are retiring, or at least
starting to think about when they should take that step. Many still have a strong desire to keep working, or may not
have the luxury of making the decision to retire in their 50's or even 60's and because of this strong finanial need they
are often forced to remain in the job market. If you fall into that category, postponing retirement for at least a few years
may not be an option. It's a fact of life.
.
If you have to continue working, how do you stay at the top of your
game? Keep your skills sharp by doing new projects at your current position. Take ongoing classes to improve areas you are
weak in or areas you would like more training in, and keep up to date with computer skills which are sometimes paid for by
your employer.
.
If you are considering leaving the job market, make sure you have names and phone numbers of contacts through your
current position. If you've already left the job market network with former associates (careful not to infringe on your former
employer's relationships etc with these people of course).
.
The skills and business finess you've developed through the years are an
advantage when seeking new opportunities. Highlight these skills on the newly updated resume and cover letter you will write.
You may even want to list your job duties and leave out your title if you are "downsizing" your options without
understating your qualifications or skills.
.
Consider using your professional experience in the consulting arena. This
will allow you more flexibility to work the hours, months of the year and location you want to work from. Temp services are
also a good transition if you don't want a full-time position.
Perhaps it's time to re-invent yourself. If you have an area of expertise or a hobby you've become proficient at,
and you've always wanted a creative outlet for those talents, take those skills and put them to good use. If it's photography
for example, start an online business selling photos, or teach others how to get that great shot. Then talk with people who
already do that kind of business to find out what it will take to get started...or not.
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HIGHEST INCOME EARNING YEARS Despite the fact that our highest earning years
are during our 50's there are other potential and sometimes unavoidable possibilities that could affect our retirement goals.
Many industries are downsizing, like airlines, auto and other manufacturing companies. You could lose your job before you're
ready to retire and may not be able to find other employment for months, years. Do you have a plan? A second part-time job
or home business you begin now, before an emergency, might be able to fill in for that loss of income. So, start to look around
at other careers and home business opportunities you can start now part time and be prepared for any blip in your retirement
planning screen.
The declining real estate
market, no (or inadequate) savings accounts, loss of or deflated pensions and falling stocks along with a declining housing
market could take a significant toll on our future retirement lifestyle. And we haven't even talked about the possibility
of ...Read More
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Tips On How to Retire Once
BEST
MOVES AND WORSE MISTAKES FOR RETIREES
by Robert J. Reby
Examine and evaluate how much you need to live your lifestyle
Consider increasing your retirement income from your
investments
Take steps to potentially reduce
your income tax on your Social Security
Identify
which of your investments may be double-taxed to your heirs
Determine if the new rules can save you taxes on your IRA distributions
