Going to College in Retirement: Your Future Awaits! Tradewell Tax & Financial

Retirement can be a significant turning point, bringing a drastic lifestyle change that can be challenging for many. The cessation of work often disrupts the daily routine, removing the familiar sense of purpose and potentially leading to feelings of isolation and boredom. However, this phase of life also opens opportunities for growth and exploration. One such opportunity is returning to college!

The modern retiree is not content with a sedentary lifestyle. Today’s retirees are increasingly seeking to continue learning, expanding their knowledge, and creating new purposes in their lives. The desire to pursue higher education post-retirement has various reasons – completing a delayed degree, learning new skills, or even supplementing their income with a new profession after graduation. Some are drawn to the intellectual stimulation it provides, while others see it as an opportunity to regain a sense of purpose and identity that was lost upon retirement.

However, pursuing higher education in retirement isn’t just about academics. It’s also a wonderful way to stay socially engaged. Colleges are social communities that can help you make new friends and offer you new social experiences that might be hard to find at home. This can be a great way to combat the loneliness that retirees can sometimes feel after leaving the workforce.

Moreover, many colleges provide free and low-cost classes for retirees, making education accessible and affordable.[1] This allows retirees to explore subjects that pique their interest without the burden of a heavy financial commitment. If you are interested in going to college in your retirement, do some research into the colleges near you to see if there is a way for you to get access to those kinds of classes!

However, it’s important to consider the return on investment, affordability, flexibility, and interest of the program before committing to it. An advanced degree may not always result in financial gains, but it can provide personal satisfaction, mental stimulation, and a sense of purpose, enhancing overall well-being.

Every retirement plan is different. Some folks are looking to go back to college, and others are looking for other hobbies and pursuits as they move into their golden years. If you are interested in finding a guide to help you through your retirement journey, Click HERE to reach out to one of our professionals at TradeWell™ Tax & Financial for a complimentary review of your unique financial situation.

 

This information is provided as general information and is not intended to be specific financial guidance. Before you make any decisions regarding your personal financial situation, you should consult a financial or tax professional to discuss your individual circumstances and objectives.

Mike Albertson is an Investment Adviser Representative. Advisory services offered through Secure Asset Management, LLC (SAM) a Registered Investment Adviser. Wes Phelps is an Investment Adviser Representative. Advisory services offered through Secure Asset Management, LLC (SAM) a Registered Investment Adviser. Thomas Badders is an Investment Adviser Representative. Advisory services offered through Secure Asset Management, LLC (SAM) a Registered Investment Adviser.

Tradewell Tax and Financial is not affiliated with Secure Asset Management. Representatives of Tradewell Tax and Financial are authorized in states where they are properly registered. Mike Albertson: AZ, FL, IN, KS, KY, ME, MI, MN, NC, OH, SC, TX. Clients who are not residents of these states cannot be serviced.