Daily Money - Navigating a Rough Job Market

Elizabeth O'Brien is a senior writer at Money

My first job in New York was at a department store, so I know first-hand that you can take twists and turns and still arrive at your desired professional destination. That’s important to remember, especially in today’s tough job market. A graduate with a fresh English degree might not consider applying for work selling insurance. But those jobs can be in relatively high demand and pay a starting salary of $46,900 and $53,430, according to today’s featured story. That’s a living wage to tide you over until you can move into a job more aligned with your interests. And sales teaches plenty of transferable skills. Today’s edition features advice on expanding young grads’ job prospects, and, for families earlier in their journey, some expert tips on picking — and paying for — college.

Best wishes,
Elizabeth

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TIMELY RETIREMENT NEWS, INSIGHTS, AND ADVICE

3 Tips for Recent College Grads to Stay Afloat in Today's Tough Job Market

Don’t sell yourself short.

How Much Should Parents Really Pay for College?

An expert teaches parents what questions to ask in a new book.

YouTube's Favorite Mortgage Strategy Has Millions of Fans

An inside look at “velocity banking.”

RETIRE WITH MONEY COMMUNITY INSIGHTS

This week in our Retire with Money Facebook group, a 59-year-old man asked the group for thoughts on early retirement: “I can retire now and my wife and I will be [financially] fine or I can work a few more years until she retires in 4 years. I would be working strictly for money and no pleasure whatsoever in my work...Does anyone ever wish they had worked a few more years?” Most posters supported early retirement: “Remember nobody goes to the grave wishing they had worked more,” was a common refrain. One woman reminded the group that health insurance is an important (and expensive!) consideration for early retirees. A man replied, “Today is my first day of retirement just short of 63...2 more years of earnings would have been great, but my wife’s mobility issues left me wondering whether we would be able to do any of the things we were saving for in 2 more years.” I tend to agree. Good health is unfortunately not guaranteed, and if he’s financially set and doesn’t enjoy working, it makes sense to call it quits and enjoy retirement while he can.

RETIREMENT NEWS FROM AROUND THE WEB

Warning: COVID-19 Vaccine Scams Are Clever and Tenacious

Never give out your Medicare number over the phone. NEXT AVENUE

Why the GameStop Frenzy May Hurt Certain Retirees Along With Hedge Funds

Some pensions invest more than 20% of their assets in hedge funds. CNBC

Stories From the Front Lines of Pandemic Dating

These people found love from (at least) six feet away. AARP

What You Can Do Post-Vaccine, and When

If you’re among the first to get vaccinated, don’t expect a quick return to normal life. THE NEW YORK TIMES

Elizabeth O'Brien is deputy editor at Money. She has covered retirement and health care for nearly a decade. A Brooklyn resident and mom of two boys, she navigates the alphabet soup of Medicare and the New York City subway system with equal ease. You can email her at elizabeth.obrien@money.com and follow her on Twitter at @elizobrien.

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Daily Money - Navigating a Rough Job Market

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