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When Jeanne Majors, 63, took an early retirement in December 2005, she assumed that she would pick up a part-time job and be in good financial shape. She didn't know that her future would quickly fall apart.
Majors, who is single and lives in Brooklyn, N.Y., learned the hard way about the retirement obstacles that most women face today. When the economy slid into the recession, she lost her part-time job and could not find another.
this is why your retirement plan can not be work until you cant. hope isnt a strategy.
while most americans have no clue when it comes to anything financial women can be even worse as many felt they would just leave things to their husband .
well many are divorced or widowed and with no clue turn to other bad sources of advice only to eventually committ financial suicide.
i just had this discussion at work with a woman who said her husband takes care of their finances so she doesnt need to learn a thing.
USA Today article. I wouldn't base anything on articles in that rag. This is highly dependent on where you live, work attitude, health, what kind of job you want. Trying to find a part time job that exactly fits your requirements or expectations? I would imagine that could be pretty difficult. Finding a job that will hire you, not as difficult. I see lots of elderly people working in my neighborhood, grocery store, Walmart, store clerks, 7-11. I've even seen them working at McDonalds. But that's the key. Yes those are jobs where WORK is expected.
In a related way,it becomes rather scary to know that SS collection age will most likely be increased and Medicare might.
Unless the employment situation changes drastically, jobs for older people may be next to impossible to get....or even keep, facing competition with younger workers.
I see lots of elderly people working in my neighborhood, grocery store, Walmart, store clerks, 7-11. I've even seen them working at McDonalds. But that's the key. Yes those are jobs where WORK is expected.
Just because you see seniors working at those places does not mean they're hiring any more workers. You noted Walmart as an example. Did you know Walmart announced they're cutting back on many of the jobs they used to give to seniors? They'll keep the greeters that they have now, but won't hire any more. And many of the greeters they have will be moved to jobs like stocking shelves.
I think for some it can be a part time job in the very job they are retirng from. Since I work in a hospital, it is very easy for staff to retire and remain on "on call" status and actually get a fair amount of work. It depends on the work place needs.
I think for some it can be a part time job in the very job they are retirng from. Since I work in a hospital, it is very easy for staff to retire and remain on "on call" status and actually get a fair amount of work. It depends on the work place needs.
Good point. This seems like a fairly likely way to get part time work after retirement, since you're trained, you already know people there, and a lot of companies do need extra workers for short periods of time.
The fact that women have a difficult time financially in retirement has 'always' been true.
Same for men.
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