What is Your Plan for the 2nd Half of Life? – [Infographic]

Do You Plan to Retire in the Next 10 Years?

A little over half of the respondents said no, that they didn’t plan to retire in the next 10 years.

We should have asked a follow-up question to determine why people were not going to retire in 10 years.  Is it because you have more than 10 years before the retirement age? Or you don’t want to? Or can’t?

We can speculate many reasons why, for so many of you, the answer to that question was no.

But then again, we all know you can retire anytime that you want to—65 is an age set by the government as a guideline and it is not mandatory. We have heard of people retiring in their 40s, 50s, or other ages because they chose to and had the means to do so.

Do You Plan to Work During Your Retirement?

An overwhelming number of respondents said that they will work during their retirement years.

What Type of Employee will You Be?

Many of you said that you would be either a part-time employee or self-employed.

Part-time employment will allow you to try a new job within a different field if you want, or continue doing what you know best.

The transition to self-employment will be assisted by all the tools that are available online that can help you run your business.  You can work as much or as little as you would like. There will be opportunities to work with people within your neighborhood, city or across the country or around the world.  We won’t be limited by our employment choices within our current city.

The Primary Reason to Continue Working?

The majority of the respondents said that the primary reason why they would continue to work is that it will give you something to do, a place to go, and a sense of purpose.

In addition to giving you a sense of purpose, you will be able to pick which skills and talents that you want to use while continuing to work.  The other skills and talents that you performed but didn’t particularly enjoy can be left on the table and picked up as necessary.

Do you want more information about identifying your skills and talents? Read the blog post, Talents versus Skills – Do you know the difference? or watch the Office Hours video about the same topic.

What is Your Plan?

Just like the survey says, I see myself working well into my retirement years because I want to have a sense of purpose and I will do it on my terms.

For the past year, I have been thinking about my plan. What does that plan look like? What skills will I need and how can I develop them?  These are just some of the questions I have been thinking about. I am learning that the process is challenging at times, but I am glad that I am working through it now. I know that, in the end, my plan may not be perfect, but it will be a roadmap to help me create the 2nd half of my life.

Check out past Career Pivot survey results here.

What is your plan for the 2nd half of your life?

This post was written by Elizabeth Rabaey, a Baby Boomer herself, is a creative with a love for details. She has spent over 20 plus years working for environmental engineering and consulting companies providing project management and technical assistance on many innovative engineering projects. She has applied creative, literary and scientific skills to these projects to help the client maintain a profitable business operation and protect humans, health, and the environment. Connect with her on LinkedIn and Twitter.

 

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