Over 50 in Consulting

53 here and thinking about the future - looking at a major decision point at 60 and then seeing where I am at that point. Opinions and plans on transitioning to “the next phase”?

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The next phase is fabulous. You should be planful about how to spend your days especially when you first stop working. Write down in a journal all the things you’ve always wanted to do if only you had the time. If you have the money, do not be afraid to spend it. Enjoy it while you still have your health.

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52 about to embark on my next career, going back school to do what I want to do for the next 20 years. Stop worrying about 60 or even 55 just do what you want to do and don’t make age an excuse.

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EY1 - “planful”? Are you sure that you’ve retired? 😀

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It is what you do before the needful!

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https://52best.com/warren-buffetts-255-rule/

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Thankyou.

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Not traveling is much better than you could imagine

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I love this discussion already. Elated to see some of my thoughts being echoed. Good to see that others think on the same pattern meaning I could possibly be right?! And of course “Being Planful”.

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Good topic. 56 here and trying to figure out how to plan for “ramp down” work at some point to move towards full retirement. Wondering if this is even possible in consulting.

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I envy you D1. Right now I need to continue doing what I’m doing so I can make sure I fill in money holes for my parents. I’m hoping that I’m not sounding resentful.

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Not at all SM1 - it’s all good discussion. Just to add what I had in mind. I targeted home mortgage and kids education early on knowing once these major obligations are taken care of - decision making could be easy(iser). That also gives me some leeway to accept lower earnings without easing into total retirement (which could drive me nuts). Right now I plan to pay my mortgage off in a year. Kids education is fully funded as I started saving since their play school - once in college my lifestyle did not change as the monthly contribution was same. Now I am looking at independent consulting, after a year, so that I can better control the hours I need to work - totally aware that will mean lower earnings. Hope this helps.

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Anyone out there contemplating a move away from consulting back into private industry for the home stretch? It’s hard to leave the salary and wondering if anyone else is struggling with the decision like I am.

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SM and exited to director level in mid size company

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