How We Help Career Changers Plan for the Future

The decision to change careers has the potential to yield considerable personal and financial rewards, but careful planning and preparation are essential. We’re here to ensure that you avoid common pitfalls and transition with confidence.

Whether you’re changing industries, starting a business, going back to school, or all of the above, we will help you manage the financial and emotional challenges you encounter as you redesign your professional life. We’ve been guiding clients through successful career transitions for decades, and we’re eager to share what we’ve learned.

Establishing a Transition Budget

“Can I really afford to do this?”

This question has stopped many would-be career changers in their tracks, and for good reason. After all, while the benefits of a professional pivot often feel distant and abstract, the costs are significant and immediate. Retraining costs, indefinite periods without income, and initial salary decreases are all daunting challenges that career changers must contend with.

We will help you anticipate all of the potential costs associated with your transition, then run a multifaceted analysis to ensure that you’re financially prepared to manage them. With your transition budget in place, you will move forward with the confidence of knowing that you’re truly ready.

Implications for Retirement Planning

It is common for career changers to have concerns about the effect their transition will have on their retirement planning. Leaving one profession to pursue another often means putting a pause on retirement savings. For those downshifting or exploring less lucrative careers, it can even result in a permanent reduction of annual retirement account contributions. Will your decision to change careers lead to a later retirement? If so, how much later? We will conduct rigorous analyses to help you fully understand the trade-offs involved in every decision.

Designing Your Perfect Career

As financial life planners, we believe a successful career transition is made up of two components- financial preparation and mental preparation. Whether you are leaving a career that’s no longer satisfying, pursuing one that aligns with your interests, or simply downshifting to something less stressful, it’s important to reflect on the factors that lead to joy and fulfillment at work. We will act as your thinking partner as you prepare for your professional transition, leading you through exercises and conversations created to help you design and plan for the career of your dreams.

Career Change - Career Changers Plan for the Future | The Planning Center

Case Studies

Read more about a few hypothetical situations where we’ve helped medical professionals with their compensation to reach their goals.

Case Study 1

As a fee-only firm, we only get paid by our clients and receive no commissions or referral payments. Our clients know every penny they are paying to us for our services.

Case Study 2

Our team of dedicated tax professionals work with our clients and planners to make the tax planning process part of the comprehensive financial planning process

Case Study 3

12 Certified Financial Planner Practitioners, 3 Certified Public Accountants, and more, all here to serve our clients. Only 25% of financial advisors are CFPs and we hold ourselves to the highest standards.

Whether you are beginning your career, already enjoying retirement, or somewhere in between we offer the guidance and expertise you need to make the most of the journey ahead.

As a fee-only financial planning firm, we accept fiduciary responsibility and are committed to a comprehensive, evidence-based approach. Each of our team members works with a small group of clients to ensure you receive attentive service that is customized to suit your individual situation.

No matter what stage of life you’re in or which financial challenges you face, our experts are here to help you stay on track and make the most of the resources available to you.

Career Change - Career Makers Plan for the Future | The Planning Center

We’d like to meet you!

Schedule a free 15 minute conversation and we’ll spend a few minutes getting to know each other so we can learn if what you are seeking and what we provide are a good fit for each other. If it seems like a fit, we’ll talk about next steps. If we’re not, we’ll help you find the right group for your needs.