Making a career change in midlife has become a growing trend these days. And with so many of us living so much longer, pension funds are unable to meet the increased payouts needed for longer periods of retirement.
This means that plenty of people will need to search for an alternative method in which to meet the costs of their retirement . And considering your present-day company is not likely to be prepared to keep your job open right up until you will be 75 or 80 years of age, you could find yourself having to look for a completely different opportunity as you reach midlife.
Step #1 Try to find Work In which Maturity is Highly Regarded
If you are considering making a midlife career change , it is important to look out for jobs where your experience is going to be valued. Despite laws against ageism in the workplace, we still live in a culture where youth is held up as the idea .
And this is a dilemma if you want to enter a new profession. The good news is, there are now bosses who do understand the value you bring with your experience. Moreover, you will find certain areas where age coupled with know-how will be considered an asset.
Very often, these jobs are in areas in which you work directly with people and specifically in the helping professions, where the patience and awareness which come with experience are crucial. One particular area where this is commonly the case is homelessness.
Men and women who end up becoming homeless usually reach crisis point due to some complex challenges, for example having been fired and accumulating debt, which then leads to family meltdown. So having a fair bit of life experience will make it a lot easier for you to understand their situation.
Caring for older people people is usually another area in which older jobseekers are welcomed. Nursing is one job which will does accepts mature students.
Step #2 Think About Working as a Consultant
If you are have experience in any field, particularly if it’s business related, you could think about setting up as a consultant. If you have had a relevant experience in business or any other field, you can advise others, especially those who are just starting out. And you can charge a reasonably high fee, depending on the size of the organization. This could give you scope for work part time but nevertheless generate the equivalent of a full time revenue, which is something a lot of older people are looking for.
Step #3 Think About A Supplementary Income Stream
No job is safe for ever and also you may not want to stay in a full time job once you hit 60 or 65. But since you will need to continue supporting yourself, you still need to be earning money.
If you take steps to produce a second earnings when you are in your 40s or 50s, it ought to be well set up by the time you you reach 60 or 70, which should allow you to slow down a bit and enjoy yourself.