Many people over the age of 50 consider switching careers. When they do, they often wonder if it is even possible or worthwhile. Once you have become established in a profession, change can be scary. In addition, there are risks associated with that change.
If you are considering switching careers later in your life, there are some unique considerations to consider. First, ask yourself some of these questions:
1. How much longer do I plan to work before retirement?
2. Could I plan to continue my current career until retirement age?
3. What are the main reasons I want to change careers?
4. What other obligations do I have in my life for my income?
The first question addresses how long you have to work towards a new career. If you are only a few years away from retirement, the satisfaction of switching jobs and the time involved may not be worth it. However, if you see yourself at least 10 years from retirement, considering a switch may be well worth the effort.
The second question is an evaluation of your current job. Some types of jobs can’t be performed once your body starts to age. A good example is construction work. Another consideration is location. Do you plan to move again before retirement for example?
The third question is all about motivation. Why do you want a drastic change in your life right now? What need would a career switch satisfy? What is missing from your current job?
The fourth question is all about responsibilities. It can be harder to switch professions if you have dependents, loans or other types of financial obligations. Often as we grow older our responsibility towards others increases. The risks of switching jobs may not be worth the risk to our family, community and estate.
The key is to evaluate the different conditions that affect a major life change in your later years. Determine which the best route is for you, the one that balances your current life with your dreams.
Related Articles:
*Some Things to Consider When Switching Careers
*Thinking of Switching Careers? Ask Yourself Why First!
*Changing Careers? Don’t Forget to do Some Thorough Research First