Second act: Should you plan now for life after retirement?

Tom Brady has received numerous offers to start a career in sports broadcasting after announcing his retirement this week. While in the NFL, he started a clothing line, NFT platform, and a sports therapy center. Mr. Brady did not wait until after retirement to pursue other interests. You may think that it was easy for him to have additional streams of income because of his NFL salary. However, there are steps you can take to plan for life after retirement while you are working.

1.                   Evaluate your interests

Reflect on the interests you had in childhood. Take some time to write down all of your interests and research them.  

2.                   Explore your interests

If possible, volunteer or work part-time at organizations that align with your interests.

3.                   Get training

Taking online courses, obtaining industry certifications, or earning another degree are all ways to learn new skills to prepare for a second career.

4.                   Network

As the old saying goes, “Your network is your net worth”. Develop authentic relationships with those who are in the career you want to pursue. Find ways to add value to these relationships.

5.                   Be patient and persistent

“Just don’t give up what you’re trying to do. Where there is love and inspiration, I don’t think you can go wrong." — Ella Fitzgerald.”

Finding a second career is not easy and you may become discouraged if you don’t obtain it quickly. Don’t succumb to this feeling.  

If you are interested in having a second career, now is the time to plan for it. You will thank yourself later.