Kiplinger

Retirees, Take the Off Ramp to a New Career

Faye Fiore, 65, started working for a small newspaper right out of college, and 35 years later, she was a national correspondent at the Los Angeles Times, one of the largest newspapers in the country.

She loved her profession. But about a decade ago, while raising two boys and feeling torn between work and home, she left the news business to become a marriage and family therapist. "Everyone -- my financial adviser, my brother -- told me not to do this," says Fiore, who lives in Arlington, Va. "We were not that far from the recession, and I had a well-paying, prestigious job."

Still, she felt the time was right, so she embarked on a long journey to a new career. Studying for the GRE, which the graduate school she applied to required, and returning for a three-year master's program were daunting. Looking back, she says, "part of me was confident and part of me was really, really scared."

Little data exists on older workers changing careers. A 2015 survey, "New Careers for Older Workers," by the found that anywhere from 16 million to 29 million people attempted a career change after age 45. Of those late-in-life career changers, the survey found that 82% succeeded in making the shift, which came with a nice payoff. Most

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger4 min read
Got Crypto? The IRS Really Wants to Know
The 2022 crypto price crash understandably has some investors concerned. But for those of you who haven’t run for the hills, it’s worth knowing that cryptocurrency currently has the attention of not only the Biden administration, and Congress, but th
Kiplinger4 min read
Looking for the Best Rate on a Fixed Annuity? Shopping Around Really Pays Off
If you’re looking for a haven for your money, with a three-year fixed-rate annuity, you can choose one paying 2.00% annually or one paying 4.25%! Other than the rate, the two products are quite similar. If you’re shopping for a five-year guarantee, a
Kiplinger3 min read
5 Ways Charitable Giving Can Star in Your Financial Strategy
When professional baseball player Austin Barnes extended his contract with the Los Angeles Dodgers for another two years, he specifically included in the agreement a commitment on his part to make charitable donations. That was a generous move and a

Related Books & Audiobooks