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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Not traveling is much better than you could imagine

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

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Thankyou.

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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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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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Additional Posts

Big 4 FDD > MBA?

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Pre tax 401k or Roth and what % did you contribute?

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Real talk - do you feel that you need to wear heels at work to be taken more seriously by everyone? Managers, partners, clients? I feel like the culture is for women to be in heels? New joiner.

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I have $20k sitting around. I was recently laid off, but am currently working an internship in Private Equity (try before you buy type of thing). My 401k is not maxed for this year and I don’t have a a Roth IRA. What should I do with the money? I’ve been doing really well in my personal investing and want to put the money to work.

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Any fitbit employees on here? Idea of culture and pay for a program manager in sf?

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What is the corporate culture in Advisory at Grant Thornton?

likefunny
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Rolling off this project and going on PTO

Post Photo
likefunnysmart
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2019 Client feedback: The script is fine, but can we have them do that floss dance at the end?

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enjoy appropriating my people's culture today, you animals 🇮🇪

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I’m confused by backdoor Roth pro rata rule. I’d appreciate any explanation or a link. 2 issues: 1. I switched jobs in March and converted my old 401k of $120k to a rollover-IRA and invested. Am I going to get taxed pro rata rule and get taxes if I backdoor $6k from my rollover IRA to Roth after 7/15 though it’s a new tax year? 2. My wife did a 401k rollover 4 years ago and invested IRA since. Does she get taxed if backdoor? 3. What if I transfer taxed $ from bank -> IRA -> Roth w/o investing?

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Anyone at AT Kearney Federal open to discussing the firm’s practice and culture?

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This morning I was missing all my SPG points and reservations, then all was fixed when I checked at 1:00.. . and now it’s all lost again. And somehow I’m platinum elite with maybe 30 nights last year

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Just need to vent among people who understand me. So we have a multi-generational workplace which is kinda a good thing, generally, but not lately. With the whole opinion polarization around racism, I feel like I don’t know how to be empathetic, impartial and connect people anymore.

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Idk if I should be offended. I'm on client site and one of the managers I've been working with is eating a gyro next to me and says," Your people sure knows how to cook." I'm not Greek... From Iran.

likefunny
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Been on a project for 3 months. Only great reviews, being told I'm doing a really good job, client is happy, etc. why sometimes do I still feel like I have no idea wtf I'm doing?

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What is the culture like in Capgemini Invent?

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Dear Me, In the future, do not promise a shit ton of extra work to the client for no other reason than being too spineless to push back. Regards, Sunday Scaries

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Does anyone else have a tough time crafting emails? I always get straight to the point and cut to the chase and need help on the fluff.

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Does Vanderbilt MBA typically have good exit ops for MBB and other equivalent things?

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Bain FBers: What, exactly, do Knowledge Specialists do? No offense meant, but it sounds like glorified PMO. What's their culture and work schedule like? Is it still 80%+ travel? Thanks in advance!

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