If you’re in retirement, or fast approaching retirement age, perhaps you’re wondering about where you want to live during this next stage of life. Many women over 60 are reinventing retirement by working longer, dating new partners, traveling and retiring abroad, and otherwise living life with a new level of vitality and purpose.
You can’t get to age 60 without making a few mistakes. These range from small missteps, which nibble at us to larger errors, which keep us up at night. Perhaps the most harmful memories are of the times when we have accidentally hurt someone else – or ourselves for that matter!
Retirement is a good time to assess what is important in our lives. By focusing on our priorities and downsizing in retirement, we can make space for the things that really matter. In a literal sense, “downsizing” can mean moving to a smaller house or learning to “traveling light.” For me, it is so much more than this. After a lifetime of accumulating “stuff,” downsizing allows us to create mental space. It helps us to simplify our life on a fundamental level. It all starts with shifting our focus away from “things” and towards experiences and people.
If you are winding down your working years and getting ready to embrace life as a retiree, it can often present a surprising blend of emotions. As you approach retirement, it’s natural to feel happy, proud, nostalgic, wistful, and perhaps a bit uncertain or even worried about “what do I do next?”
Is life insurance over 60 really necessary? It’s a more difficult question than it sounds. After all, many women have had life insurance for most of their lives. When we are younger, we see at a necessary measure to protect our families if something unexpected should happen to us. But, as we get a little older, many of us start to wonder whether we are just wasting our money. Now that our kids have grown up, do we really need to pay money every month for life insurance?
Since everyone’s situation is different, it is impossible to provide a blanket answer to this question. However, I hope that the following gives you some questions to raise with your family and a financial professional.
Women over sixty are redefining the concept of “retirement.” Instead of “aging gracefully,” more women than ever are starting new businesses, working part-time, volunteering, pursuing creative interests, or otherwise finding new ways to make a contribution to the world.
Financial security is an important concern for a lot of women over 60. Many of us are still working and are in the final stages of planning for retirement. Others have already left the workforce and are looking for ways to make their retirement savings last longer. Some are living on pensions or fixed incomes. But, exactly how much money does it really take to find happiness in retirement?
Most boomer women have a strong work ethic and derive a great sense of identity from their work. After all, many of us started working when we were 15 and have worked for 45 years, so when work ends, there is often a huge void in our lives. This leaves many of us looking for ways to avoid loneliness in retirement.
Today, women over 60 are defining and creating a whole new category of bold and fearless individuals with style, energy and ability! Many younger people might be surprised at the reality of life for women over 60 and the depth of their desire to be heard, respected and visible.
I asked women in the Sixty and Me community what they thought was the biggest misconception or stereotype that people have about our age group. They came back fighting with responses that were gutsy and enlightening.
Midlife women are doing it again. As we did in our 20s, we are questioning fundamentals, challenging the status quo, being stubbornly bohemian and embracing the unconventional. Boomers are tenaciously breaking down stereotypes about aging and redefining life after 60. However, this raises an important question.