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THE CAREER CHANGE FINANCIAL PLANNERBreak Away Without Going Broke (SM) |
Photo by Sharon Harvell Could it be that the long-awaited bluer skies are finally returning? The stock market, holiday spending, and other economic indicators are up. Most welcome of all perhaps, according to the latest report, unemployment is down. If you are one of the lucky beneficiaries of this nascent uptick in hiring, congratulations! Before you get too [...]
Founder of Aspire!, Randi Bussin In Part 1 of the series, career expert Randi Bussin and I teamed up to give you 8 tips for managing your cash flow before and after your career transition. Part 2 covers managing debt, benefits and taxes during your career change. Randi Bussin, CCMC, CPBS, MBA, is a Career Reinvention [...]
If you’re Beta testing a career change that involves relocation, use the Cost-of-Living Wizard on Salary.com to help you estimate the impact on your financial plan. Just plug in your current salary, current work and home locations, and the new locations, to see usable stats on how much you’ll have to earn to maintain your standard of living [...]
Analogy junkie that I am, I’ve drawn comparisons between financial planning and bike racing, gardening, cross-country skiing, surviving in the wild, organizing, high school, and personal training. So it’s surprising that I’ve never drawn on my pre-career change experiences as a software product manager when writing about personal finance — especially since I see parallels between the [...]
Dreaming of reinventing your professional self? Does that dream include a cut in pay? Yeah, right! But, for many, it may be the reality, at least temporarily. So how do you make your dream career happen anyway?? Career expert Randi Bussin and I teamed up on this article to provide some answers to just that question. The [...]
Don’t miss this recent Boston Globe Money Makeover by my friend and NAPFA colleague Dana Levit! This is exactly the kind of financial planning I recommend prospective career changers do before making a transition. Doing an analysis like this is even more important if your transition is likely to result in a lower annual income [...]
Ch-ch-ch-ch-changes… Every year, trees do it beautifully. For them, change comes at little or no cost. The same is true for some lucky career changers, who happen to want a change that doesn’t require a major investment in additional education or business start-up costs, a big pay cut, a period of under- or unemployment, or [...]
(Play MP3 now!) It’s no secret to the many who lost their jobs in this recession: getting laid off can wreak serious havoc on your personal finances. So what can you do to minimize the impact? Then, once you’re back to work, what might you do to be better prepared in case it happens again? [...]
In case you missed my recent ten timely tips newsletter… a special follow-up to career changers using 529 savings to cover back-to-school expenses: computer technology, related equipment and/or related services such as Internet access now count as qualified expenses. i.e. You can use tax-free dollars distributed from 529 plans to pay for these items. The [...]
In her “pink slip lemonade” story, guest blogger Pamme Boutselis mentioned how her experience as a volunteer worked in conjunction with paid work experience to enable her to make the shift to her new career. Pamme’s experience echoes my own. At age 30, as part of my first career transition (from engineering to marketing, post-MBA), [...]
