How to Prepare for a Post-Retirement Second Act
Retirement offers a chance to transition into a new job that is unlike anything you've done before.
LUTHER KEITH RETIRED IN 2005 from his job as an award-winning reporter and editor at the Detroit News. But, he never really retired.
Keith, 68, has two second careers. By day, he works as executive director of ARISE Detroit, a nonprofit community organization. At night, he morphs into a blues singer and guitarist and is about to release his fifth CD.
Many people live well into their 80s or 90s, and it is common for people to retire from corporate jobs and try second or encore careers – sometimes branching out into something entirely new. "It's very exciting to have a second career and do something you love," says Christine Russell, senior manager at TD Ameritrade. "With a little bit of preparation, you can do it."
Here's how to prepare for your post-retirement second career. Read More.