5 times it pays to take a pay cut

In an ideal world, your pay would keep going up and up until the day you retire. Don’t count on it: Raises can be harder to come by late in your career, especially when you’re already making a good living.

Among college-educated workers, pay growth tends to top out at age 40 for women, early 50s for men, according to the salary research site PayScale.

Click here to read the full story.

Advertisements

The worst career change mistakes to avoid

Changing careers is never easy—but20178074_ml-e1423739122500 it is absolutely possible. Just because you’re on a dedicated career path doesn’t mean you have to stay on it forever.

Sure, your family and friends may think you’ve lost your marbles when you announce plans for a midlife career change, but take heart: 59% of working adults say they’re interested in taking the leap, a recent survey from the University of Phoenix School of Business found.

Whether you’re bored at work, burned out on a job, or simply want a fresh challenge, there are a number of considerations that go into a successful career change. Ignore them, and you’re apt to succumb to one of the following common mistakes.

Click here to read the full story.