Poster Child for Career Change Financial Planning featured in Kiplingers article

This story, How to Erase $70K in Debt by Lisa Gerstner, touches on an important point when you’re planning ahead for a change in your career: Identifying a goal can help ease the pain when it comes to making  the necessary sacrifices. In this case, the couple wanted to start a family but felt they [...]

Find the $ to change careers, Part 2: 7 more tips from career expert @myreinventure & me

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 [...]

Relo plans? Salary.com Cost-of-Living calculator a big help @MySalary

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 [...]

Find the $ to change careers: 8 tips from career expert Randi Bussin & me

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 [...]

Unemployed to Self-employed? It pays to test the waters…

According to a new CareerBuilder survey, many are taking matters into their own hands when it comes to earning a living, with more than a quarter of those laid off in the last six months pondering self-employment.  With the job market still so tight and the rewards of self-employment great, it’s no wonder.  Once an [...]

Career change on purpose: Has the tide turned?

For the last couple years, probably for obvious reasons (“It’s the economy, stupid”), this blog has focused on unintentional career change — you know, the kind whereby a layoff is the trigger that prompts a person to pursue a different line of work.  The kind that sometimes feels less like jumping ship, and more like getting pushed [...]

COBRA premium subsidy question? New *very* detailed FAQ from DOL

There have been several modifications to the COBRA premium subsidy program since it was enacted as part of the stimulus package about a year ago, so a person could certainly be forgiven for not being 100% clear about his or her eligibility.  Yet there are so many dollars at stake, it’s critically important for those who [...]

Recently reemployed? Great! Now’s the time to prep for next time…

Congratulations! If you’re one of the many rejoining the workforce after a period of unemployment, definitely take a moment to celebrate and appreciate what not so long ago we used to take for granted: a full-time job.  OK, but no rest for the weary…  Now it’s time to get serious and take advantage of your [...]

Just what does a career change cost?? Part 2 – Examples

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 [...]

Listen now! Network for Work (TM) Radio interview: Financial planning for a pink-slip-crazy world

(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?  [...]