"What Today's Woman Needs to Know: A Retirement Journey," A Free Guide to Retirement Planning Available from the MetLife Mature Market Institute.WESTPORT, Conn. -- "What Today's Woman Needs to Know: A Retirement Journey," a free publication, is now available from the MetLife Mature Market Institute[R]. The booklet comes in conjunction with the institute's latest study, "It's Not Your Mother's Retirement: The MetLife Study of Women and Generational Differences." The booklet, produced in cooperation with the Women's Institute for a Secure Retirement (WISER), is designed to help women prepare for retirement and addresses specific challenges women face: job switching, taking time out for family and the important consideration of when to retire. It also helps with financial questions like how much money one will need to retire, what kinds of investments are available, protecting assets, health care costs and ways to use home equity. Perhaps most useful, the booklet contains a Retirement Savings and Planning checklist for each decade with guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. for women from their 20s to their 70s. The findings from "It's Not Your Mother's Retirement" indicate that retirement for women will be redefined by the younger generations who expect to work longer than their mothers and to have a more active retirement with varied pursuits. Daughters, it reports, may be more vulnerable because they will enter retirement with considerably higher levels of debt than their mothers and are expected to make a greater financial adjustment than their mothers. "Today's women are leading very different lives than their mothers and all indications are that their retirement will be different as well," said Sandra Timmermann, Ed.D., director, MetLife Mature Market Institute. "If you think of retirement as a destination, many of our mothers were better prepared for the journey. They had what they would need: a pension, a spousal spou·sal adj. 1. Of or relating to marriage; nuptial. 2. Of or relating to a spouse. n. Marriage; nuptials. Often used in the plural. Social Security benefit, affordable private health care insurance, in addition to Medicare, and a deed to their mortgage-free home. "By contrast, younger women today will probably live longer than their mothers and will make the journey with less in hand. They may carry only a 401(k) and IRA Ira, in the Bible Ira (ī`rə), in the Bible. 1 Chief officer of David. 2, 3 Two of David's guard. IRA, abbreviation IRA. savings along with Social Security and Medicare benefits. It's less likely that they will have a pension and private health care coverage. In addition, many may have a mortgage or other debt. Our survey shows that today's working women are twice as likely as their mothers' generation to carry debt of $25,000 or more." "Women should be planning ahead and taking what we convey in this publication very seriously," said Cindy Hounsell, J.D., president of WISER. "It would be judicious ju·di·cious adj. Having or exhibiting sound judgment; prudent. [From French judicieux, from Latin i for people to start saving in their 20s and to begin good habits good habit Healthy habit Clinical medicine A behavior that is beneficial to one's physical or mental health, often linked to a high level of discipline and self-control Examples Regular exercise, consumption of alcohol in moderation–if at all, a properly like avoiding debt at a young age. By the time a woman is in her 30s, she should have a savings plan, investments and she should be thinking about home ownership. Anyone 40 and over should have disability and life insurance, perhaps long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. insurance, and the beginnings of sound investments to last a lifetime." [TABLE OMITTED] "What Today's Woman Needs to Know" has a glossary A term used by Microsoft Word and adopted by other word processors for the list of shorthand, keyboard macros created by a particular user. See glossaries in this publication and The Computer Glossary. that defines terms like annuity, asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , IRA, reverse mortgage and time horizon. It includes a number of resources women can look to for further retirement investigation and planning. The Women's Institute for a Secure Retirement (WISER) works to provide low and moderate income women (aged 18 to 65) with basic financial information aimed at helping them take financial control over their lives and to increase awareness of the structural barriers that prevent women's adequate participation in the nation's retirement systems. The MetLife Mature Market Institute is MetLife's information and policy center on issues related to aging, retirement, long-term care and the mature market. Staffed by gerontologists, the Institute provides research, training and education, consultation and information to support MetLife, its corporate customers and business partners. MetLife is a subsidiary of MetLife, Inc. (NYSE NYSE See: New York Stock Exchange : MET), a leading provider of insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with operations throughout the U.S. and the Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , Europe and Asia Pacific regions. To obtain a free copy of "What Today's Woman Needs to Know: A Retirement Journey," call 203-221-6580, send e-mail to maturemarketinstitute@metlife.com, or download it "Download It" is Clea's debut single. It was released in the UK on September 22, 2003 and missed the top 20 charting at #21. The single had average promotion, being performed in shows like Top of the Pops. at www.maturemarketinstitute.com under 'What's New.' For more on the MetLife Mature Market Institute, visit: www.maturemarketinstitute.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion