Encore Career

Back to work you go?

When you think about retirement, do you imagine yourself on the golf course? Taking long naps in the hammock? Or possibly re-entering the workforce? People are living longer, healthier lives than ever before, resulting in extended retirement years. A 30-year horizon can feel daunting for many of us. We worry if we’ve saved enough money to get us through, and we wonder how we’ll occupy all that time. In truth, most retirees don’t relish the idea of 30 years of leisure.  That’s probably why nine million Americans over the age of 50 have opted to go back to work after retiring, and nearly half of today’s workers say they plan to join them.

Encore Caerrer - male

Enrich your life. And your wallet.

“Encore” or “second-act” careers can be appealing for a host of reasons. Energetic retirees may want to try an occupation that’s always interested them or start a small business. With a lifetime of experience, many retirees want to continue to contribute their knowledge in their chosen field. They may decide to work as a contractor or freelancer in their profession, or to mentor younger workers. Others choose encore careers in which they can give back to society or lend their skills to particular passion. And then there are the health benefits: research shows that keeping the brain active offers protection from some aspects of cognitive decline as we age, and physical activity helps maintain strength and stamina. And of course, the extra income that an encore career provides can be a key motivator, as well.

We’re here to help.

If you’re considering an encore career, think about why you want to keep working. Is it because you love your current work, seek more socialization, or genuinely need the income? From there, you can prioritize your financial efforts according to your situation. Having a financial plan for your retirement is absolutely necessary, but having a plan to stay engaged and productive is equally important. Whatever your motivation for pursing an encore career, FAI can help you reap the greatest rewards from your newfound calling.

Mary Thompson

“We have been given a gift of longevity that will enable us to redefine what retirement means.  Do you find the idea of the next phase of life being dominated by leisure activities less appealing as you approach retirement? Are you searching for an interim step to retirement that includes staying actively involved and contributing in a meaningful way while still having time for personal pursuits?

As a mid-life career changer, I know firsthand how daunting the prospect of redefining and retooling yourself for a new career can be.  I also know the joy and satisfaction of building something new.  At FAI, I use my personal experience as well as my financial planning expertise to help my clients re-envision what retirement means to them while helping them understand the financial implications of an encore career.  

At FAI, we’ll help you explore alternatives to a traditional retirement that can help re-energize you, reawaken personal passions long forgotten or fulfil dreams that have been put on hold.”

Mary Thompson, Principal & Senior Advisor
mthompson@faiwealth.com
410-715-9200

30 Years Icon

Encore Careers News Feed

Encore Careers News Feed

Encore Careers News Feed Icon
Helpful resources for those considering what the next chapter of their lives will look like.

Hit the Ground Running in Your Encore Career

Hit the Ground Running in Your Encore Career

3/12/2018 12:00:00 AM EDT
a month ago

Whether it’s by choice or out of necessity, Americans are working longer.

According to ...

Book Review: Start With Why - How Great Leaders Inspire Everyone to Take Action

Book Review: Start With Why - How Great Leaders Inspire Everyone to Take Action

3/2/2018 12:00:00 AM EST
a month ago

"People don't buy what you do, they buy why you do it." Simon Sinek ...

Older Workers May Just Be the Most Valuable People in the Office

Older Workers May Just Be the Most Valuable People in the Office

2/5/2018 12:00:00 AM EST
2 months ago

Baby Boomers form the largest trained pool of potential future employees ever available to American ...

Recent News

Recent News

FAI Wealth Management Takes a Novel Approach to our Surging Senior Population

FAI Wealth Management Takes a Novel Approach to our Surging Senior Population

4/13/2018 12:00:00 AM EDT
a week ago

FAI Wealth Management, a leading financial planning and investment management firm in the Baltimore-Washington region, has announced the release of its free e-book series, "Caring ...

FAI Wealth Management Continues Its Growth Trajectory

FAI Wealth Management Continues Its Growth Trajectory

4/11/2018 12:00:00 AM EDT
a week ago

Columbia, Maryland – March 28, 2018 – FAI Wealth Management, a leading fee-only wealth management firm in the Baltimore-Washington region, announced that Zachary Shirilla has joined the ...

Upcoming Events

Upcoming Events

Coffee, Croissants, and Conversations: Don't Be the Weakest of the Herd

Coffee, Croissants, and Conversations: Don't Be the Weakest of the Herd

5/3/2018 8:00:00 AM EDT
Joins us for Coffee, Croissants, and Conversation with Chris Riismandel ...

Coffee, Croissants, and Conversation: Are Your Aging Parents Aging You?

Coffee, Croissants, and Conversation: Are Your Aging Parents Aging You?

5/24/2018 8:00:00 AM EDT
Join us for Coffee, Croissants, and Conversation with Kim Natovitz ...