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What do you do if you're a late career professional deciding between retirement or continuing to build teams?

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As a late career professional, you're at a crossroads where the decision between retiring and continuing to build teams can be pivotal. This period is often a time of reflection on past achievements and contemplation about future contributions. The choice isn't straightforward, as it involves considering personal goals, financial stability, and the desire to maintain a sense of purpose. Team building is not just about leading others; it's about fostering collaboration, guiding talent development, and leaving a lasting impact on an organization's culture. Your extensive experience can be invaluable in mentoring the next generation of leaders, and the decision to retire or continue in this capacity can shape not only your legacy but also the future success of the teams you influence.

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1 Assess Needs

Before making any decision, it's crucial to assess your personal and professional needs. Consider what drives you: Is it the daily interaction with a team, the satisfaction of meeting goals, or the financial benefits of working? Reflect on how retirement might affect these aspects. If the thought of stepping away from team building leaves you feeling uneasy, perhaps you're not ready to retire. On the other hand, if you're looking forward to more leisure time or other pursuits, retirement could be the right path. Balancing these needs against the desire to continue contributing professionally is essential in making an informed decision.

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Marquette Branch,MBA

Managed Service Operations Analyst at FIS | ForbesBLK member | Business Consultant | Pro Advisor | Investor | National University Mentor
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When deciding between retirement and team building activities, you should assess needs. By assessing your needs, you’re allowing yourself to see if you’re in the best position to retire. if your needs tell you that you’re not in the best position to retire, then the next best option would be to continue in teambuilding.

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2 Financial Planning

Financial security is a significant factor when considering retirement. You should evaluate your savings, investments, and retirement plans to determine if you have the financial resources to support your lifestyle without a regular paycheck. If finances are a concern, continuing to build teams may provide the necessary income and benefits. However, if you're financially prepared for retirement, this could allow you more freedom to explore other interests or even take on team-building roles in a voluntary capacity, sharing your expertise without the constraints of full-time employment.

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Marquette Branch,MBA

Managed Service Operations Analyst at FIS | ForbesBLK member | Business Consultant | Pro Advisor | Investor | National University Mentor
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Financial planning is another way to decide between retirement and team building activities. By financially planning, you’re taking the time to secure your future finances and if your future finances don’t add up or provide enough to retire that gives you a solid answer about your decision.

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3 Legacy Considerations

Think about the legacy you wish to leave behind in your professional field. Your years of experience in team building are a treasure trove of knowledge that can greatly benefit your organization and your successors. If mentoring and shaping future leaders excites you, continuing to work may be fulfilling. Alternatively, if you've accomplished your career objectives and feel confident that you've imparted enough wisdom, retiring could be a chance to focus on personal endeavors while still taking pride in your professional contributions.

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Marquette Branch,MBA

Managed Service Operations Analyst at FIS | ForbesBLK member | Business Consultant | Pro Advisor | Investor | National University Mentor
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When deciding between retirement and team building activities, you should have legacy considerations. By having these considerations you’re thinking of what you will leave behind and what you’ll be remembered for.

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4 Personal Fulfillment

Personal fulfillment plays a pivotal role in deciding whether to retire or continue working. If building and leading teams is a source of joy and satisfaction for you, it might be worth continuing in some capacity. Whether it's part-time involvement or consultancy work, there are ways to stay engaged without the commitment of a full-time job. Retirement does not necessarily mean the end of your impact on team building; it could be the beginning of a new chapter where you can pursue passions that there was little time for previously.

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Marquette Branch,MBA

Managed Service Operations Analyst at FIS | ForbesBLK member | Business Consultant | Pro Advisor | Investor | National University Mentor
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Personal fulfillment is a major factor when deciding between retirement and team building activities. This is so key because at the center of your decision will be the personal fulfillment that you will get out of retirement or continuing in team building.

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5 Health and Wellbeing

Your health and overall wellbeing are paramount when considering retirement. The demands of team building and leadership can be stressful, and it's important to listen to your body and mind. If continuing your career is taking a toll on your health, it may be wise to consider stepping back. Retirement can provide the opportunity for rest and rejuvenation, allowing you to focus on maintaining or improving your health. Conversely, if you're in good health and thrive on the challenges of team building, staying in the workforce could contribute positively to your mental and physical wellbeing.

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Marquette Branch,MBA

Managed Service Operations Analyst at FIS | ForbesBLK member | Business Consultant | Pro Advisor | Investor | National University Mentor
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When deciding between retirement and team building activities, you should consider health and wellbeing. Your health and wellbeing well play a huge factor in your decision. Your career won’t mean much if you’re health and wellbeing isn’t in tact .

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6 Exploring Options

Finally, explore the various options available to you. Retirement doesn't have to be an all-or-nothing decision. There are opportunities such as part-time positions, consulting, or even starting a new venture that can keep you involved in team building without the full-time commitment. Networking with peers and professionals can provide insights into different paths you can take. Remember, your skills and experience are valuable assets that can be adapted to new environments or roles, allowing you to continue making meaningful contributions while also enjoying the benefits of a semi-retired life.

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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?

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What do you do if you're a late career professional deciding between retirement or continuing to build teams?

1

2

3

4

5

6

7

1 Assess Needs

2 Financial Planning

3 Legacy Considerations

4 Personal Fulfillment

5 Health and Wellbeing

6 Exploring Options

7 Here’s what else to consider

Team Building

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What do you do if you're a late career professional deciding between retirement or continuing to build teams?

1

2

3

4

5

6

7

1 Assess Needs

2 Financial Planning

3 Legacy Considerations

4 Personal Fulfillment

5 Health and Wellbeing

6 Exploring Options

7 Here’s what else to consider

Team Building

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