Are You Prepared For Retirement?

Ready For Retirement?Just like anything else in life successful retirement comes down to preparation.

Even though many baby boomers will be retiring a few years later than previous generations, many are not adequately prepared. Unfortunately this is particularly true for women of our generation for a number of reasons.

Women traditionally raise children, take care of the home and often are the ones to care for aging parents. As a result many women have missed years in the work force and have less in retirement savings than men.

But interestingly enough, women also have different objectives for the years they will spend living in retirement and therefore, catching up is not only necessary but also doable.

In Women & Retirement Sharon Epperson reports for NBR on the obstacles many women face, and how it …

Read more …

So when you’re pondering how to live your later years, regardless if you’re retired or not, focus on a number of key areas. At minimum this should include your:

  1. Health
  2. Finances
  3. Community

I consider these 3 areas pillars of successful aging and retirement.

  • While health is important throughout your life it becomes even more important as you get older.
  • To some degree. or to a large degree, finances  will determine what you’ll be able to do and how you’ll be able to take care of yourself and those you love.
  • You and I are social creatures and community is always import. However, as we get older it takes on even greater significance.

The big take away from all of this? It’s never too late to get started.

Spend the time assessing where you are today and where you want to be tomorrow.  Create a plan of what you want to do and what resources you will need.

Tomorrow will be here before you know it, so get busy today!

Listen to what the editor-in-Chief for AARP has to say about the topic.

Gaby Goddard, Editor-in-Chief of AARP Viva on Women & Retirement

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