Assess when, how and if you plan to retire. Many of us want to keep working beyond a traditional retirement age for the mental engagement as well as the money. You might be thinking of retiring from a primary career and launching an encore one or even starting a business. Once a year, think through your plans.
Kerry Hannon and host Ted Fox discuss how to think about work at different ages and stages of a career, from people who are just starting out to those 50 and over. The latter were the focus of her 13th book, Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.
“My biggest concern is that women are still lagging their male counterparts men — even millennial women — in retirement savings as well as their income,” Judith Ward, a senior financial planner at T. Rowe Price.
“The self-employed have an inspiring vision of aging and retirement,” Catherine Collinson, CEO and president of the nonprofit Transamerica Institute and Transamerica Center for Retirement Studies, told me. “Compared with employed workers, the idea of retirement isn’t as relevant, because they have far greater freedom to continue working — or retire — on their own terms.”
Making the planet better is a heartfelt goal for most of us. But it’s difficult to know how one person can do that and truly make a difference. Jane Mosbacher Morris has some ideas In her practical new book, Buy the Change You Want to See: Use Your Purchasing Power to Make the World a Better […]
“First and foremost, for us, the life we want to create is the target, while money is the tool that helps us achieve it. For many men, it is the other way around.”
The barriers to accumulating wealth for women are daunting. Recommendations from a Senate hearing and a think tank briefing. The financial challenges women face to achieve financial security in retirement can be huge, as a Senate Special Committee on Aging hearing and an Employee Benefit Research Institute (EBRI) briefing last week demonstrated starkly. And with the […]
There’s something romantic about the term entrepreneurship, especially when you’re considering starting a second act. The chance to be your own boss and spend your time doing work you love may seem enticing. But it can also be reckless. “For those who choose to jump into the game when they’re 50 years old or older […]
For Lindsay Corner, 25, saving for retirement has a greater urgency than for many of her peers. “None of my girlfriends talk about it, but I feel fairly confident about managing money and finances,” Ms. Corner said. “I learned about it from my parents and, in college, I studied accounting and finance and took a […]
After reviewing a new survey of widows from Merrill Lynch and Age Wave, I’m worried about the wives of America, or more specifically the wives who, sadly, will likely one day experience the financial shocks of widowhood. Women are more than three times as likely as men to lose their spouse. But very few wives seem prepared […]