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50+ Career Guide for Those Considering a Second Career After Federal Service
Both federal employees nearing retirement and those already retired are often
looking for second career opportunities -- whether they be part- or full-time
employment, a consulting practice, or starting a small business.
An encore career is a way for federal retirees to further
contribute their valuable skills to a personal passion, a non-profit cause,
or an industry's technology. It's also a way to further enhance their
financial nest egg in order to live more comfortably during retirement years.
The following 50+ Career Guide of insightful articles and
resources (see below) is provided to My Federal
Retirement readers from Mark Miller, a syndicated columnist, book author,
and a nationally-recognized expert on trends in retirement and aging.
Miller's website, RetirementRevised.com, is a fast-growing online destination
for Baby Boomers seeking news and resources on retirement. The site's focus is
the reinvention of traditional retirement - how the baby boom generation is
revising its approach to careers, money and lifestyle after age 50.
RetirementRevised.com was recently honored in Money Magazine's May, 2010
feature, "The 100 Smartest Things to do with Your Money" as one of the nation's
top retirement planning websites.
50+ Career
Guide
The 50+ Job Market. Even in a tough economy, older workers are
valued in some industries. Technology-oriented companies that depend on
experienced scientists and engineers are very worried about brain drain as the
huge baby boomer generation retires. Many are scrambling to implement retention
programs aimed at keeping these high-value knowledge workers on the job as long
as possible. Some offer flexible work arrangements to accommodate the changing
lifestyle needs of older employees.
Six Mistakes Older Job Hunters Make. Baby boomers intend to
work well past retirement age. Most were saying so even before the economy
crashed, deflating retirement savings and real estate values. Now, working
longer has become an imperative for many. The question is, where? The jobless
rate for adults age 55 to 64 has more than doubled since November 2007, months
before the recession started. Many of those laid-off workers need to figure out
how to get back into the labor force-a big challenge if you're up against
younger candidates and the unfortunate reality of employer age discrimination.
However, while age discrimination is a hurdle, there are ways to make yourself a
better candidate in the eyes of employers. Here's a look at six mistakes to
avoid.
Economist's study points to 15 fastest-growing 50+ career
opportunities. If you train for it, the jobs will come. That's the upshot of
a new economic study that attempts to answer one of the toughest questions
facing mid-life Americans: Will training for a new career pay off in the form of
new career opportunities in a recession-wracked economy?
Where are the Age-Friendly Employers? The Great Recession is
pushing older workers to postpone retirement, but will employers accommodate
them?
Encore Careers. A national community has sprung up around the
idea of creating opportunities for older adults to start new careers-paid or
volunteer-that allow them to make a positive social contribution in later life.
The trend is gaining momentum and encompasses everything from transitions to
non-profit sector work, volunteering and social entrepreneurship.
50+ Entrepreneurship. Meet the new boss: you. Many baby
boomers intend to keep working past traditional retirement age. Surveys show
that about 58 million boomers plan to stay in the workforce well into their
sixties. Employers won't accommodate all of them, considering the state of the
economy and attitudes toward older workers. And many will want to leave the
corporate world anyway because of burnout or an impulse to run their own show.
All those factors will drive a major trend toward boomer entrepreneurship in the
years ahead.
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