Advice for Savvy Retirement Planning

Best Paying Careers

Best Paying CareerThis is a great article from Business Insider showing the Best Paying Careers among 820 different occupations. The article shows a data chart which was constructed by Reddit user Dan Lin, pulling wage data from the Bureau of Labor Statistics.

This chart is a must-read for parents out there helping their children navigate the difficult waters of career-exploration. There are some simple take-aways from this article:

1. The highest paying careers (generally, $75K and over) are clustered among Medicine, the STEM categories (Science, Technology, Engineering, and Math), and Business.

2. The lowest paying careers are clustered among Personal Services, Food Service, Hospitality, Creative/Arts careers, and Retail

3. Moderate paying careers tend to fall within the general categories of Teaching, mid-level Management, Manufacturing, Skilled Labor, Therapists/Social Workers, Technicians, and Mechanics.

Highest Paying Careers

Highest Paying Careers

 

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Robert Henderson is the President of Lansdowne Wealth Management, an independent, fee-only advisory firm in Mystic, CT. His firm specializes in financial planning and investment management for retirement, with a special focus on the particular needs of women that are divorced or widowed. He is an Accredited Asset Management Specialist and a Certified Divorce Financial Analyst. Mr. Henderson can be reached at 860-245-5078 or bhenderson@lwmwealth.com. You can also view his personal finance blog,The Retirement Workshop at http://lwmwealth.com/blog and the firm’s website at http://www.lwmwealth.com.

If you are an employee or retiree of General Dynamics, Pfizer, or L&M Hospital, and you would like advice and direction on managing your Fidelity 401K or Hewitt 401K plan, please sign up for our monthly newsletter, which provides complimentary ongoing advice, commentary, and model portfolios for each of those plans. You can sign up automatically at Your 401K http://www.lwmwealth.com/services/your401k.html.

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