10 Career Moves for Seniors
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As retirement approaches, many of us reach a crossroads, wondering what our next career moves should be. Keep working at what we know? Try something different? Go part time? Start a business? Or, just do nothing?
And, many of us are already retired, like myself. Yet, we need more income than planned for. A lot more. Inflation and medical expenses really take a toll and who knows what tomorrow holds?
Fortunately, there are career moves seniors can make to reenter the workforce in search of additional income and personal fulfillment. Here are ten of the best career alternatives for you to consider in your Golden Years.
1. Freelancing:
Freelancing has become increasingly popular in recent years, offering seniors a flexible and rewarding career option. Freelancers can work in various fields, including writing, graphic design, web development, coaching, and consulting.
According to a report by Upwork, the global freelancing platform, 35% of the American workforce are freelancers, and by 2027, the majority of workers will be freelancers.
The income potential varies depending on the specialty and experience level, but experienced freelancers can earn a substantial income.
2. Starting a Small Business:
Contrary to common belief, entrepreneurship is not exclusive to young professionals. Seniors have a wealth of knowledge, experience, and valuable networks that can be leveraged to start successful businesses.
Many seniors are finding success by starting small businesses related to their passions or expertise, such as opening a bakery, offering consulting services, or launching an online store.
While the income potential varies greatly depending on the industry and business model, successful small business owners can generate a significant income while enjoying independence and fulfillment.
3. Part-time Employment:
Seniors who prefer the stability and benefits of traditional employment can explore part-time job opportunities. Many industries, such as retail, hospitality, healthcare, and customer service, actively seek older workers for their experience and reliability.
Some seniors choose to work part-time to supplement their retirement income, while others enjoy the social interaction and sense of purpose that comes with staying active in the workforce.
Depending on the role and industry, part-time employment can provide a decent income stream.
4. Consulting:
Becoming a consultant is an excellent way for seniors to capitalize on their professional networks and expertise. Many industries value the insights and experiences of seasoned professionals, making consulting a viable career option.
Whether it's management, marketing, finance, or any other specialized field, consultants can charge a premium for their services, resulting in a potentially high income.
However, building a reputation and establishing a client base may take time and effort.
5. Online Tutoring or Teaching:
The Internet has opened up a wealth of opportunities for seniors in the education sector. Online tutoring platforms and educational websites often look for qualified senior professionals to provide personalized guidance and knowledge sharing.
Seniors can leverage their skills and experiences to teach English as a Second Language (ESL), offer academic tutoring, or provide specialized courses.
The income from online tutoring or teaching can vary based on factors such as qualifications, experience, and demand for specific subjects.
6. Nonprofit Work:
Another surprising and fulfilling career move for seniors is working in the nonprofit sector. Many nonprofits rely on experienced professionals to fill crucial roles such as fundraising, volunteer
management, program coordination, and leadership positions.
Seniors who have a passion for a particular cause or social issue can find great fulfillment in working for a nonprofit organization. While nonprofit salaries may not match those in the corporate world, the intrinsic rewards of making a difference in the community can be immeasurable.
7. Virtual Assistance:
With the rise of remote work, virtual assistance has become a popular career option for seniors. A virtual assistant provides administrative, organizational, and technical support to individuals or businesses, working remotely.
Seniors can leverage their organizational skills, attention to detail, and years of experience to assist busy professionals or entrepreneurs.
The income potential as a virtual assistant can vary depending on the workload and types of services provided.
8. Creative Arts:
For seniors with artistic talents and a love for creativity, pursuing a career in the creative arts can be both rewarding and financially viable. Whether it's painting, sculpting, writing, photography, or music, seniors can turn their hobbies into lucrative ventures.
Opportunities for selling artwork, publishing books, licensing music, and showcasing their creative skills are more accessible than ever with the help of online platforms and social media.
Income in the creative arts field depends on factors like the market demand, skill level, and marketing efforts.
9. Senior Care Services:
As the aging population continues to grow, there is an increasing demand for senior care services. Seniors who have a passion for helping others and possess caregiving skills can consider a career in senior care, such as becoming a caregiver, companion, or home healthcare aide.
The income in this field varies depending on factors such as certifications, training, and the level of care provided. Seniors can find employment with home care agencies or even start their own senior care business.
10. Education and Teaching:
Teaching and mentoring are career paths that never go out of style. Seniors who have expertise in a
particular subject or skill can consider teaching or tutoring in their area of expertise.
Educational institutions, community centers, and online learning platforms offer opportunities to impart knowledge to others.
The income potential depends on the level of education, experience, and the demand for specific subjects or skills.
Make Your Moves
In conclusion, retirement doesn't mean the end of future work opportunities. In fact, it opens many opportunities for you.
Look at it as a chance to try something you’ve always dreamt of, but were never free to pursue. Maybe the kids have grown & are gone, opening new doors to pursue a career move now.
it can be a new beginning. A fresh start that invigorates your days and puts some pep in your step. And, maybe it’ll add some money to the coffers to help pay those bills that don’t care that you’re retired.
So, get out there and make your new career moves!
Sources:
- Upwork - Freelancing in America: 2019
- SCORE - Senior Entrepreneurship: A Force to Be Reckoned With
- Bureau of Labor Statistics - Employment Projections: 2019-2029
- Forbes - The Future of Work: Freelance Via Internet Growth Leads To 11% Job Market Growth By 2022
- NCOA - Senior Community Service Employment Program
- American Association of Retired Persons (AARP) - The Benefits of Working for a Nonprofit
- U.S. News - How to Become a Virtual Assistant and Work Remotely