How to prepare for a career change

Feeling stressed at work can take a toll on you and can take an even bigger one if you find yourself dragging your feet to go to work.

These may be signs that your current position isn’t the right fit. If you find yourself in this situation, you should start considering a career change.

Changing careers is both exciting and scary. It starts with updating resume, cover letter and your digital presence to present yourself as the best candidate. However, a career transition involves a lot more than finding another job.

You’ll need to consider how you can financially support yourself during that time whether it be through a side hustle, an in-between job or by staying in your current position while simultaneously applying for other jobs.

Another thing to keep in mind is what you want to do with your 401(k). Will you roll it over to your new employer’s plan? Will you start an individual retirement account (IRA).

Read through this visual guide below to learn about all of the things you need to know about financially preparing for a career transition.

Photo by bruce mars