Think about using your time to explore new ways to make money. Evaluate your strengths to see how they may be implemented in a new way where you could pursue work you really enjoy.
|"One way to make up for the difference between what you receive from your early retirement package and your old paycheck is to find a new job."|
You may find yourself having to accept an early retirement offer, even though you can’t afford to retire. One way to make up for the difference between what you receive from your early retirement package and your old paycheck is to find a new job, but that doesn’t mean that you have to abandon your former line of work for a new career. You can start by finding out if your former employer would hire you as a consultant. Or, you may find that you would like to turn what was once just a hobby into a second career.
Finally, there is always the possibility of finding full-time or part-time employment with a new company.
However, for the employee who has 20 years of service with the same company, the prospect of job hunting may be terrifying. If you have been out of the job market for a long time, you might not feel comfortable or have experience marketing yourself for a new job. Some companies provide career counseling to assist employees in re-entering the workforce. If your company does not provide you with this service, you may want to look into corporate outplacement firms and nonprofit organizations in your area that assist with career transition.
For more information about this topic, view our e-book here: https://retirekit.theretirementgroup.com/what-to-do-with-an-early-retirement-offer-e-brochure
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