Research shows that the number of people planning to leave a traditional “job” and instead go with self-employment is set to rise exponentially by 2020. In many economies, the lack of jobs in the formal sector is driving…
In an ideal world, we’d all live out our retirement years with the money to meet our every need and enough left over to help our kids, grandkids or a cause we truly care about when we’re gone. But – as too many women over 60 have learned – retirement seldom works out the way we plan.
Women over 60 are exploring new possibilities in life. For many of us, this means working in retirement. The reasons may surprise you.
Although many women over 60 are definitely interested in making their retirement savings last longer, the number one motivator for working in retirement is not always “to make money.” Whether we need the money or not, many women over 60 want to stay active, stay involved in the world, and keep making a meaningful contribution to an organization or cause that we care about.
Women over 60 are facing a unique set of challenges as we enter the traditional “retirement” years. We are living longer than ever before, and we have more interests and life goals…
The need for financial literacy does not end when you cross over the “retirement” line. In fact, it becomes imperative that you look at income planning as the foundation of building the life you want past that point.
The obvious strength that older entrepreneurs bring to the business table is the stash of skills and knowledge acquired and built up over a 40-year career. But what are the secret weapons…
Realizing that you haven’t saved enough for retirement is one of the worst experiences in the world. You worry about how you will support yourself in retirement. You start to fear getting sick in your old age. You may even start to suffer from feelings of guilt or regret as you look back at all of the bad financial decisions that you made in your life.
This is a difficult article for me to write. After all, I’m not writing from a position of strength. Like many of the 1000s of baby boomer women I have talked to since starting Sixty and Me, I made all of the financial mistakes below.
When our careers are in full swing, we don’t think about the importance of jobs for retirees. Either we assume that we will save enough money to live in comfort in the “best years of our lives” or we look forward to enjoying our freedom in retirement, without working, even if it means cutting back on luxuries.
Women are more likely than men to underrate themselves when it comes to investing. Yet women are usually in charge of household budgets, are more willing to save for the long-term and are better bargain hunters.