Thinking about continued education when you retire? Find out which programs are best for you and get a few tips to pave the way to learning something new.
Sipping lemonade on the front porch day after day? Playing backgammon with your cronies at the diner? Taking the RV somewhere warm in the winter? Those are certainly relaxing ways to spend retirement, but that much downtime isn’t for everyone. Today, retirement can be a time to re-energize your life, and part of how you can do that is by putting continued education into your plan.
There are more educational opportunities for nontraditional students (i.e., grown adults) than ever. That means you should easily be able to find a program that helps you achieve your goal, whether you want to start a brand-new career, expand you existing skillset, or gain the knowledge you need to finally dive into a passion project.
As with most important things in life, continued education begins by identifying your goals. This can put you on the path to choosing the types of schools or programs you should be researching and get a sense of the financial impact your choice will have. Using the following chart may help you plan.
Your educational costs will differ depending on your goal. The cost of non-credit community college classes probably won’t shake up your budget too much, so the adjustments you need to make to pay for classes may be minimal. And when you find colleges that allow retirees to audit classes, you’ll also discover they often let you take these courses tuition-free.
With your goals set, plans in motion to achieve them, and your days of hangover-fueled procrastination hopefully far in the past, you’ll discover that higher education can be easier the second time around.
From taking classes to traveling, most retirement activities require a little funding. Our specialists can help you find the income solutions to cover retirement essentials (and not-so-essentials). Learn how to build your retirement portfolio, protect it, and use it to supplement your income in retirement.
for thinkMoney ®
Financial Communications Society 2016
for Ticker Tape
Content Marketing Awards 2016
Content intended for educational/informational purposes only. Not investment advice, or a recommendation of any security, strategy, or account type.
Be sure to understand all risks involved with each strategy, including commission costs, before attempting to place any trade. Clients must consider all relevant risk factors, including their own personal financial situations, before trading.
Market volatility, volume, and system availability may delay account access and trade executions.
Past performance of a security or strategy does not guarantee future results or success.
Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Options trading subject to TD Ameritrade review and approval. Please read Characteristics and Risks of Standardized Options before investing in options.
Supporting documentation for any claims, comparisons, statistics, or other technical data will be supplied upon request.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
TD Ameritrade, Inc., member FINRA/SIPC. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank. © 2020 TD Ameritrade.