In such a volatile economy, many people who have recently found themselves out of work, or fear they could find themselves in that position soon are considering career possibilities. But as time moves on and we grow older, we think that being retrained might be a waste of time and resources. As they say, "it is never to late to learn."
Pick A Path of Considerable Interest or Opportunity
Going to retrain yourself for new career opportunities is a huge endeavor, but even with children, a current job, and mate, it can still be a manageable task. In order to make it worth your while, you must not waist your time pursuing a study that will not open up doors for you
If you are tired of a career you don't enjoy, then retrain in something that you have a passion for. Even if doors are not open, an education in an interest will never feel like a waste of time.
Or, find a career with lots of opportunities but few qualified people. Health, Information Technology (IT), and Airframe & Powerplant (A&P) are fields that are in high demand, but are lacking in qualified applicants. As such, they are more likely to overlook age as long as you have the required education.
Who Is Hiring in Your Community
Getting a degree in 3D Game Design is great, but if you live in OshKosh, Wisconsin and unwilling to move to say, Silicon Valley, California, you might find yourself with an unmarketable degree. Find out who is hiring in your neck of the woods, and what qualifications they look for. Most communities have IT opportunities, and all have jobs in the health field.
Consider the Time You Are Willing to Spend
If you are unwilling to spend four years pursuing a bachelor's then there are certain degrees you may not be interested in. Many IT opportunities do desire a bachelor's, unless you are interested in PC Repair or Help Desk type positions.
If you are unwilling or cannot put in years of education, then consider a trade school or certification at a community college. Most certifications at technical colleges will require at least 12-18 months of education.
How Much Time Do You Have Till Retirement
If you are 40, you still have 15-25 years until retirement, depending on how early you desire to retire. It is still time to start over. At 50, if you were hoping to retire at 55, you may want to consider retraining only as it applies to advancement in your current career, interest, or building self-employment opportunities.