Financial Preparation Could Enable Second Career
The Secret Life of Walter Mitty? Hardly, but in reality, many of us who want to start a second career can do so with careful financial planning and of course, the motivation to do so.
According to a Wall Street Journal/ABC News poll, half of all working Americans would choose a different career if they had the opportunity. While most might think this applies to older workers, the younger sector is, in fact, already planning for this option should it present itself, and they are doing so through specific financial strategies, like regular contributions to a 401(k) and other long-term savings vehicles.
For those who didn’t plan for the scenario when they were at a younger age, it’s never too late – and there are several psychological actions that also enhance the decision—if a person has the means—such as taking a year off to stretch and breathe, living with relatives so save money and even getting help now in a job to enable a smooth transition at a later date.
Voice of the Editor
What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.