Thinking of taking a career break? Whether you’re staying home to care for children or travelling around the world on a year-long sabbatical, the prospect of taking extended time off from work can be exciting and terrifying in equal parts. How will you survive financially while you’re away from the office? And how can you make sure that your career will still be there when you get back?

A career break can be a great opportunity to take some time off and recharge your batteries. Understandably, money is the single biggest concern of career breakers. How much will it cost? Can you afford it? How can you save up? Can you earn extra? Should you borrow?

The pandemic forced many to re-evaluate the role of work in their life, whether it was juggling childcare duties and a remote job, or low-wage and essential employees who had to work in person during the height of the pandemic. Many found themselves struggling with burnout and some questioned the conventional wisdom that people have to work for decades before retiring.

  1. How will a career break affect your income?
  2. How will a career break affect your ability to save for retirement?
  3. How will a career break affect your benefits (such as life and health insurance)?
  4. How long do you plan to take a career break?
  5. What are your financial goals during your career break?
  6. What are your plans for returning to work after your career break?
  7. How will you keep your skills current during your career break?
  8. What are your plans for childcare during your career break?
  9. What are your plans for housing during your career break?
  10. What other financial considerations should you take into account before taking a career break?

To discuss any of the issues raised in this article, please contact us. Further information can also be found at

Personal circumstances differ and not all of this information is applicable to every client and/or their business, this information is general in nature and should not be relied upon without seeking specific professional financial advice.

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The content in this article is for your general information and use only and is not intended to address your particular requirements. Articles should not be relied upon in their entirety and shall not be deemed to be, or constitute, advice.

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