Boomers Taking a “Gap Year” Before Retirement | Your Money 4-28-21

Have you had thoughts of changing your career prior to retirement?

In the latest episode of Your Money, Leo Daprile, of Gem Young Insurance and Financial Services in Canfield, discusses why some in their 50s are starting to leave their current careers and follow their passions.

The drag of working a job for decades is starting to get to some as retirement approaches. In response, those near the end of their careers are venturing into entrepreneurship.

“Maybe we need to start having conversations with our clients in their 50s about how do we give you the tools to move to that next stage in your life when you’re ready to do that,” he says.

Adult education courses might become more popular to those thinking of changing their career path. Daprile says some may not have enough money set aside for retirement, so they will need to work.

However, according to Daprile, if someone enjoys their change in careers, it could lead to more interest in working and building their financial reserves before retiring.

“Maybe you don’t make what you’re making today, but you’re making enough to have more of a quality of life than, maybe, what you thought you would have had,” Daprile says.

Original Air Date: April 20, 2021. Every Tuesday during the Dan Rivers show on News Radio 570 WKBN, Gem Young President Leo Daprile hosts a radio show called Your Money. Daprile brings his vast knowledge of all things “money” to discuss the topics in language everyone can understand.

About Gem Young
We’re a family business that does business with individuals and families who require comprehensive risk management for their wealth and their assets. We believe clients want professional advice at a fair value and we deliver that by leveraging our reputation of professionalism, integrity, teamwork, and a get-it-done-right-the-first-time attitude. We believe in making a difference in our clients’ lives.

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