Transitioning out of work whether due to early retirement, resignation, or workforce reductions, requires careful financial planning. This chapter provides detailed strategies to help federal employees manage their finances effectively during this period. By implementing sound financial principles, individuals can navigate the transition with stability and confidence. Career changes may impact investment strategies. Key points to consider:
• Risk Tolerance Adjustment – Assessing whether to shift towards more conservative investments.
• Diversification – Balancing stocks, bonds, real estate, and other assets to protect against volatility.
• Income-Generating Investments – Exploring dividends, rental income, or side business opportunities. Alternative Income Streams and Side Hustles To supplement income during career transitions, consider: • Freelancing or Consulting – Leveraging federal experience for contract work.
9 August 2021