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Women Over 50: Your Professional Checklist
By Jeanie L. Davis
WebMD Feature |
Reviewed by Brunilda Nazario, MD
on March 19, 2007 |
Many women over 50 feel insecure about their retirement picture. Is there enough money to live comfortably? Is it time for retirement—or just a change of careers?
A woman may indeed have a riskier financial picture as she ages. "Women typically have worked fewer years than men, and for lower wages," says Jean Setzfand, director of financial security at the AARP. "Yet they tend to outlive their spouse—and will likely have greater health care costs as they age. That means their income will drop at an even greater rate as they get older."
And some women over 50 may find themselves dissatisfied with jobs or careers they've devoted decades to developing, says Cynthia Barnett, EdD, a retirement lifestyle specialist based in Norwalk, CT. "At mid-life, you begin thinking 'What's my purpose in life.' This starts a whole cycle of self-reflection, a search for work you love to do," she tells WebMD.
 Give your career and finances a boost!
SOURCES: Jean Setzfand, director of financial security, AARP. Cynthia Barnett, EdD, retirement lifestyle specialist, Norwalk, Conn. CNNMoney.com: "Retirement: How Much to Save." Published March 21, 2007.
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