How Women Can Generate Income for Life During Retirement
It is not unusual for women today to experience some fear and anxiety about retirement – many feel that they will not have the finances needed to retire comfortably. If this accurately describes the way that you feel about your circumstances, you may find comfort in the fact that you can take control of your finances and save the money you will need later in life. By cultivating an ongoing money stream, you can continue to earn and save money when you are no longer working full time. Once you learn how to do this, you will be able to generate income for the rest of your life.
Author Donna M. Phelan expands upon this topic in her new book Women, Money and Prosperity – A Sister 's Perspective on How to Retire Well. Ms. Phelan has helped thousands of women over the course of her 18-year career with prominent investment firms on Wall Street. Her MBA in finance, as well as her many years of experience, have enabled her to advise women on controlling their expenses – and …show more content…
Think about the kind of lifestyle that will make you feel comfortable. Explore your goals for the future, as well as how much money it will take to reach those goals – and how you will generate that income.
Don’t Be Afraid to Postpone Your Retirement
In order to achieve your goals, you may need to continue working longer than you previously anticipated. Consult a financial advisor regarding how long you might expect to work so that you don’t run out of money. The average life expectancy is much longer than it used to be, and this is an important factor to consider.
Think About Semi-Retirement
Working part time after retiring is an increasingly common occurrence. Doing this may yield a variety of benefits. You will still be cultivating some income, and working will help keep your brain engaged, as well.
Establish Connections With Other
It is not unusual for women today to experience some fear and anxiety about retirement – many feel that they will not have the finances needed to retire comfortably. If this accurately describes the way that you feel about your circumstances, you may find comfort in the fact that you can take control of your finances and save the money you will need later in life. By cultivating an ongoing money stream, you can continue to earn and save money when you are no longer working full time. Once you learn how to do this, you will be able to generate income for the rest of your life.
Author Donna M. Phelan expands upon this topic in her new book Women, Money and Prosperity – A Sister 's Perspective on How to Retire Well. Ms. Phelan has helped thousands of women over the course of her 18-year career with prominent investment firms on Wall Street. Her MBA in finance, as well as her many years of experience, have enabled her to advise women on controlling their expenses – and …show more content…
Think about the kind of lifestyle that will make you feel comfortable. Explore your goals for the future, as well as how much money it will take to reach those goals – and how you will generate that income.
Don’t Be Afraid to Postpone Your Retirement
In order to achieve your goals, you may need to continue working longer than you previously anticipated. Consult a financial advisor regarding how long you might expect to work so that you don’t run out of money. The average life expectancy is much longer than it used to be, and this is an important factor to consider.
Think About Semi-Retirement
Working part time after retiring is an increasingly common occurrence. Doing this may yield a variety of benefits. You will still be cultivating some income, and working will help keep your brain engaged, as well.
Establish Connections With Other