Normally I read about 20 national Job loss Hits Seniors Especially Hard.online on a daily basis for my day job as a research analyst. Today I saw a headline in the Baltimore Sun which caught my attention ~
The reason this headline stood out to me is that as many readers know, I’ve been trying to establish myself online in preparation for retirement.
Within the last week, my organization has been discussing the possibility of anincentive plan for 55 and over. The kicker is that the decision to retire would have to be made quickly, and those who accept would have to be out the door by March 31. It takes me longer than that to pick out an outfit for a special occasion when I go shopping!
The idea of retiring and not having to deal with the daily grind of a commute is certainly enticing. I really can see myself taking care of the grandkiddos for a day or two and devoting more time to my blogs during daylight hours, instead of 2 or 3 am. But the reality hits me between the eyes, that I still have one kid finishing up college; a mortgage; car payments and other necessities ~ like Internet fees and of course, food on the table ~ makes me realize that I would need to get at least ato pull this all off.
So far, my income from blogging isn’t putting me in the same category as Darren, at ProBlogger.
The article goes on to say that:
“Moreover, rejoining thecan be harder for older people, who often encounter subtle age bias.”
“It tends to take them longer to find a new job after they’re laid off than it does younger workers,” Johnson said. “When older workers find a new job, they tend to experience a pretty sharp decline in wages.”
“The flip side, experts say, is that economic necessity is forcing many to stay on the job well into their 60s and beyond, causing considerable stress when those jobs are eliminated.”
A similar article followed in the New York Times detailing how Seniors and Baby Boomers are delaying retirement or having to find part-time work to supplement their retirement incomes: Losing the Glint of the Golden Years.
Although I did set up a Virtual Assistant website, I haven’t really devoted the time to pursuing it on the level of really actively seeking clients on a daily, permanent basis. Between all that I have on my plate, I’m really going to have to network and see if working at home is feasible. Doing so would at least make up for some of my lost income from my.
The other factor I’m considering is signing up for a temporary agency, where I could hopefully start a second career in a permanent part-time position in my professional capacity as a Paralegal. I know that even if I’m hired, it will be for far less than what I’m currently making ~ but the trade-off would be that I would be part-time.
I surveyed myfriends, and many of them offered some positive encouragement:
My resume is always up-do-date, so I’m probably going to send it to a temporary agency to try to get some feedback. I should at least be able to get some kind of idea on my marketability before I actually have to make an official decision.
In the meantime, I’ll continue to network online, beef up my online presence, and follow through on all the valuable Mom Masterminds advice. I hope to increase my income in affiliate marketing, as well as still dabble in vintage collectibles on Bonanzle.
The thought of voluntarily giving up your day job in this current economic situation is really stressful. I know it’s even more stressful for those who have been separated from their jobs involuntarily.
So what do you think? Retire early and take my chances, or stick with a good thing for another 5 years?