The trend for 2018 is clear — we can expect to see more baby boomers delaying retirement to
pursue encore careers in entrepreneurship.
Asked how they «dream» of spending retirement (respondents could pick multiple answers), 13 percent of workers told Transamerica they want to
pursue an encore career, 12 percent said continuing to work in the same field and 11 percent said starting a business.
To know the answer, you also need to know or decide things like when you should retire, whether you want to fully retire or
pursue an encore career, what investment returns you can expect and what percentage of your income you should plan to live on.
If you're interested in making a radical job change, you may want to consider
pursuing an encore career.
If you're switching careers, seeking a promotion to the management level, or
pursuing an encore career, chances are you have some skill gaps to fill.
Not exact matches
Other boomers choose entrepreneurship as an
encore career in order to
pursue a passion, work on their own terms and continue to create wealth for themselves and their families.
One where I happily
pursued some retirement gigs, successfully began an
encore career, and I am now in what I call my second early retirement.
Marc Freedman, the leading proponent of the
encore career movement, has written a compelling prescription for
pursuing post-midlife
careers of «purpose, passion and a paycheck» rather than traditional retirement.