What do you do if you're a late career professional in Corporate Real Estate and retirement is approaching?

1 Assess Finances

Before you set sail into retirement, a thorough financial assessment is crucial. You've likely been investing in a retirement plan, such as a 401(k), and now's the time to consult with a financial advisor to understand how to best utilize these funds. Consider how your income will change post-retirement and plan for long-term sustainability. This might involve budgeting for living expenses, healthcare, and leisure activities, ensuring you can maintain your desired lifestyle without the steady paycheck from your corporate real estate career.

2 Plan Transition

Transitioning out of a full-time career in corporate real estate requires a strategic approach. Start by discussing your plans with your employer, exploring options such as phased retirement or consultant roles that can keep you engaged while offering more flexibility. This not only aids your transition but also allows you to pass on valuable knowledge to your successors. Moreover, consider the timing of your exit to coincide with market cycles, maximizing the benefits from any vested stock options or bonuses.

3 Explore Passions

Retirement is the perfect opportunity to delve into interests that you may have put on hold. Whether it's a hobby you've always wanted to pursue or a cause you're passionate about, now's the time to explore these avenues. For corporate real estate professionals, this might mean volunteering with housing nonprofits or mentoring young professionals entering the field. Your expertise is a valuable commodity that can be utilized in various fulfilling ways outside of the traditional corporate structure.

4 Network Maintenance

Keep your professional network alive even as you step away from full-time work. Attend industry events, maintain memberships in professional organizations, and stay connected with former colleagues and clients. Networking isn't just about career opportunities—it's also a way to stay informed about industry trends, which is particularly useful if you decide to consult or take on part-time projects in corporate real estate post-retirement.

5 Health Priorities

Prioritize your health as you approach retirement. The demands of a corporate real estate career may have taken a toll, and retirement is the time to focus on well-being. This means regular check-ups, a balanced diet, exercise, and stress management. Good health will allow you to enjoy your retirement years fully and engage in activities you love without undue limitations.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?