It has been common practice for one to consider working until the magic age of 65 and then to bask in one’s Golden years until one is taken to the great beyond. However, there have been a couple of wrinkles added over the past couple of decades. Where 65 used to be considered old, not so much anymore. For much of the population that reach that age they realize they will not have enough income to last them for the rest of their lives. So, basically, they just change careers. This reminds us of a joke we heard recently.
“I went through my finances recently and discovered I have enough income to last me the rest of my life – if I die on Thursday!”
If you have done mostly one thing your entire career – what are the alternatives? One may be going back to school for training in something you always wanted to do but never thought you could. There are some good reasons for considering continued education after retirement:
- Studying to Keep Active – Studies have shown staying active can help prolong life while strengthening the mind.
- Studying For Academic Achievement – Perhaps your studies were interrupted earlier in life and now is the time to complete that degree.
- Studying To Pursue A dream – Perhaps you have a hobby you would like to develop into a business or a side business you would like to expand into a real business.
Whatever your educational reason, there is something for everyone. There may be many government grants available to help subsidize your new endeavor. Look into what is available to you. You may find that the next chapter of your life can grant you the “spice of life” you have been looking forward to for a long time. Whether it is for fun, just to keep busy, or to follow a dream, education is one way to turn that dream into a reality.
By Jerry Mohr for the 50 Plus Report