Sunday, April 09, 2006

Women Retiring Differently

Hi:


A Vancouver Sun article March 28,2006 describes how women retire for lifestyle reasons.

Based on research done by Lynn McDonald of the University of Toronto, this Canadian study examines how baby-boomer women will change retirement forever.

With many baby-boomer women working for their entire adult lives, many now have options which in the past were unfathomable. The report describes women's retirement as "amorphous and fluid".

By "amorphous and fluid" it appears that women are choosing to retire when they want or need to based on personal or family needs. They may also retire and then at a later date go back into the work force.

The driving force behind this "fluid" retirement date is in part caused by their family life in general, and in particular their caregiving role. In the early years, women opted out of the work force to care for their children, and now they are doing the same for their aging parents.

There are positives and negatives to this of course, but the main message is that women now do have choice and are managing their lives according to their needs.

Mahara Sinclaire









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