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Eldercare
Reply to "Career change after 50?"
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[quote=Anonymous]If you can swing it, I think I'd put the dream off for another 5 years, and take an early retirement from your current career. Start up the new "career" for spending cash in your retirement. There's way less pressure that way then depleting and needing to rebuild retirement savings. I know several people who have started whole new things after an early retirement. One bought a small farm (had always been a city dweller previously) and is raising goats. One got an instructor's certification for a longtime hobby - not something that earns a lot of money, but brings in a little cash while she gets to enjoy the hobby at no cost to herself. One opened a small store. One went to work at Starbucks because her biggest financial concern was health insurance and she likes spending the day chatting with random strangers. None of these endeavors are making enough money to really be considered a new career. But they bring in enough cash flow that, with paid-off houses, the people are able to cover health insurance and most daily expenses, and are not drawing from their retirement savings yet.[/quote]
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