What do you do if your professional network dwindles during late career and retirement?

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Many people in financial services rely on their professional network for career advancement, business opportunities, and personal support. But what happens when your network starts to shrink as you approach retirement or leave the workforce? How can you maintain and grow your connections in a meaningful way? In this article, we'll share some tips and strategies to help you keep your network alive and active during late career and retirement.

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1 Reconnect with old contacts

One of the easiest ways to revive your network is to reach out to people you've lost touch with over the years. You can use social media, email, phone, or even snail mail to rekindle your relationships. You can share updates, express gratitude, offer help, or ask for advice. You can also use this opportunity to ask for referrals or introductions to other people in your field or industry. Reconnecting with old contacts can help you expand your network and discover new opportunities.

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Frank Gullo

Business Technology Leader, Author, and Speaker
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Connect with more people outside of your industry and field. Attend local events or conferences aimed at an industry or profession with which you're unfamiliar. Make an Anti-Bucket List. Create a list of all the things you have absolutely no interest in trying or doing, and seek out connections who have done those things. Their perspective and experiences might spark fresh ideas, or at least prevent ossification in your thinking. Reassess Your Existing Connections. Monitor LinkedIn status update emails and go through your professional connections a few times every year, noting when your contacts change professions or move farther to the edge of your network. Send congratulatory notes when someone is promoted or changes professions.

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2 Join or create a community

Another way to keep your network vibrant is to join or create a community of like-minded professionals. You can look for online or offline groups, forums, clubs, or associations that match your interests, goals, or values. You can also create your own community by inviting people you know or want to know to a regular event, such as a webinar, podcast, book club, or workshop. By joining or creating a community, you can learn from others, share your insights, and build trust and rapport.

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Elizabeth Patterson

Consultant | Educationist | Founder- Girls Education Initiative of Ghana| Brand Ambassador |
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From experience, joining or creating a community, group that aligns with your professional and personal needs and goals is a good way to build relationships and one’s network thus amplifying resources and opportunities.

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3 Volunteer or mentor

A third way to maintain your network is to volunteer or mentor for a cause or organization that you care about. You can use your skills, experience, and knowledge to make a positive impact and contribute to a larger purpose. You can also meet new people who share your passion and vision. Volunteering or mentoring can help you showcase your value, enhance your reputation, and develop your leadership skills.

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Elizabeth Patterson

Consultant | Educationist | Founder- Girls Education Initiative of Ghana| Brand Ambassador |
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Volunteering or mentoring is a good way to leverage networks and also an excellent way to extend yourself to others. This mutual exchange will benefit all involved.

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4 Update your online presence

A fourth way to grow your network is to update your online presence and showcase your expertise. You can use platforms like LinkedIn, Twitter, or Medium to create and share relevant content, such as articles, videos, podcasts, or presentations. You can also engage with other people's content by commenting, liking, or sharing. Updating your online presence can help you attract attention, demonstrate your credibility, and start conversations.

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5 Be proactive and consistent

A fifth and final way to keep your network strong is to be proactive and consistent in your communication and follow-up. You can use tools like calendars, reminders, or apps to schedule and track your interactions with your contacts. You can also use different methods and channels to reach out, such as email, phone, video call, or text. Be proactive and consistent in your network can help you build rapport, stay top of mind, and nurture your relationships.

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Tanna Pearman

Hotel Sourcing | Your Meeting Broker| Site Selection | Contract Negotiation | Gifting | On-site Services | Meeting Management | Meeting/Event Profs Trusted Resource
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Look - we are all getting older, every day. It is important to continually build rapport with up and coming professionals. You have experience and information to share. Do it! You will be surprised at how much your Jr. contacts have to offer you! I've learned more than I can begin to share in this post. The different trends, updated information, different way of approaching things. Share and learn from others. Your network will never diminish!

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6 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?

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What do you do if your professional network dwindles during late career and retirement?

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1 Reconnect with old contacts

2 Join or create a community

3 Volunteer or mentor

4 Update your online presence

5 Be proactive and consistent

6 Here’s what else to consider

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