WOMEN AND WEALTH
What women should know when planning for retirement.
If you haven’t done so already, take a minute and think about what your retirement looks like. What does it feel like? Truly try to picture it.
There are several questions you should ask yourself. Thinking about where and how you want to spend your time is a good place to start. It’s important to have a long-term focus so you can improve your chances of having the dream retirement you deserve.
Think about it. What do you see yourself doing? Will you be working still or will you be putting that part of your life away for good? Guess what? More retirees are working in retirement. In fact, most of today’s workers expect to work for pay in retirement. Traditional retirements, involving direct transitions from full-time work to no work, are no longer the norm. This isn’t your father’s retirement experience anymore.
You might plan to work longer in your current job, embark on a new career, work part-time, or find a job you always dreamed of having but couldn’t in your pre-retirement years. But be realistic. The ability to work in retirement depends a great deal on your health, and it’s difficult to predict what health issues you might have in the future. So if working longer is your only solution to reaching your retirement goals, you may want to think about other options.
- Go back to school
- Work part-time
- Start a new career
- Spend more time with loved ones