Making the switch from one career to another can take time – and money.
Factor in a well-deserved break, some additional schooling or training and the possible need for internships or volunteer gigs to explore a new field, and the costs can really run up. How have you financed your transition to your encore career, or how do you plan to?
Did you:
- Take out a reverse mortgage?
- Borrow from your 401k or dip into other savings?
- Rely on your spouse’s income?
- Take a buyout or severance package?
- Go into debt?