Attain Financial Stability for Early Retirement
According to a Gallup poll, the average retirement age for Americans is 66, up from 60 in the 1990s. This means that the US population is working harder to save more money for retirement. The desire to create a prosperous and abundant future from hard work became the country’s modern social culture.
Ensuring that you have economic stability and a good life for your family requires a lot of effort and preparation. Read this article if you want to solidify your career path and build your success from day one.
Many people know that tech careers, such as web developers, have a high salary with room for early retirement. However, today we will be discussing four jobs that you may not have thought about.
Interesting Careers You Should Study to Plan an Early Retirement
Below, we show you a careful selection of the best-positioned career paths in the job market to give you economic, professional, and personal success in the coming years. Take a look.
Managers of Medicine and Health Occupations | Estimated Savings: $700,000
Average Annual Salary: $104,280
Retirement age: 62
The optimization of the US health system will incorporate more medical professionals throughout the country's hospital network. The role of medicine managers is to offer advice on the logistics of medical processes. This is one of the professions with the best long-term savings projections.
The medicine manager is in charge of improving efficiency and quality in providing health services. In addition, this medical expert must ensure that the facilities are up to date and comply with laws and regulations. In this job, you will also be directing logistics programs for healthcare personnel. In addition, you will need to recruit, train, and supervise staff members.
Electricians, Electric Power Installers, and Repairers | Estimated Savings: $360,000
Average Annual Salary: $75,030
Retirement age: 65
The planned modernization of the infrastructure of the United States will require technicians with a high level of precision to install electrical networks. This is the occupation with the fourth-lowest percentage of employees planning to work after age 65 compared to all other jobs. Electricity is a sector with a high level of labor participation. For this job, you must have a good technical resume.
An electrician is responsible for installing, maintaining, and repairing electrical systems in businesses or homes. You will need to identify faulty devices, voltage regulators, transformers, and switches in this job. Duties in this field include inspecting and testing power lines and ancillary equipment and connecting power lines between poles, towers, and buildings.
Kindergarten and Elementary School Teachers | Estimated Savings: $350,000
Average Annual Salary: $60,940
Retirement age: 65
Population growth will demand a much larger educational system. For that reason, the country will need more professionals specializing in the early formation of skills and values for children. Kindergarten teachers play a fundamental role in education from the earliest stages. According to estimates, this is the third-highest percentage of employees planning to retire at age 65.
The role of this professional is to create lesson plans to teach students essential subjects for life, such as reading, science, and math. Students need to learn these subjects to have the fundamental skills necessary to land jobs in a field like computer science.
Insurance Sales Agent | Estimated Savings: $420,000
Salary: $52,180
Retirement age: 66
The insurance industry will continue to grow exponentially due to the increased demand for comprehensive coverage policies, especially in health and financial protection. That’s why the professionals in this field will have a very important role in this market in the coming years.
Key roles of an insurance sales agent include calling potential clients to expand their client base, interviewing target users to obtain information about their financial resources, analyzing the scope of current client coverage, and creating customized programs.
Key Facts About Job Retirement in the US
According to the US Census Bureau, of the 47.8 million Americans over age 65, the median income is just $38,515. On the other hand, the average net worth of American workers is $170,516. These numbers show that saving for retirement can be challenging.
This economic-labor dynamic occurs in a context where, according to Statista, the average annual income of Americans is $71,456. That figure includes earned wages, executive compensation, bonuses, and tips.
Conclusion
The careers mentioned above are excellent options to increase your income and build financial stability. Contributing to society and gaining experience in a high-performing field is possible in diverse markets. Study hard, prepare, and start enjoying the benefits of a high-profit career path.