A young fellow, after graduating from school went to work for one of the big companies. Jack was happy as can be. He had landed a great job, with generous benefits and a pension to boot. What else could anyone want?
A few years after landing his great job, Jack met Alice. They fell in love, got married and had a couple of kids. What a happy family they were!
Jack loved his work, moved up in the company and had a good income. Alice stayed home and took care of the kids and Jack. They bought a home, new furniture and went on a family vacation every summer.
Jack and Alice wanted to give their kids the best education they could and decided to send both of their kids to private school. And so they did.
Life was GOOD! They had everything they wanted and more.
Then it happened…
Jack got sick, very sick and after a few months of struggle, he passed on.
His wife and children were devastated. Jack had not even turned 60 yet and now he was gone.
After days of mourning and dealing with the loss of their father, both kids went back to their lives.
Alice had the hardest time ever, she so missed Jack. But she knew she had to go on, somehow.
Now in her late 50s, Alice found herself alone, really alone. Sure she had some friends but it was just not the same without Jack.
After some time Alice had to deal with the hard realities of her new life.
House, car, friends and yes, money…
Over the years, Jack had dealt with most of their money.
Even though he had tried to get her involved in all their major financial decisions, Alice had felt that it was best left to Jack. After all, she trusted him and knew he would do the right thing.
But now he was gone and she had to deal with it all. Unfortunately Jack’s investments hadn’t panned out and her financial situation was short of grim.
Alice realized that she would have to find a job to supplement the little money she had coming in.
She hadn’t worked out of the home in years. Middle aged with rusty job skills, Alice didn’t know where to start.
Perhaps you didn’t have a Jack in your life. Maybe you were devoted to Janice and the two of you built a life together. And then it happened…
Perhaps your job got eliminated in the last round of layoffs and you just haven’t been able to find another job yet, all the while going through your savings.
Or maybe you built a successful career and then something happened in your life. Your plans got derailed and financially you are not where you thought you would be, now in your 50s or 60s.
It doesn’t matter why, the fact remains that many women of our generation are not prepared for retirement.
Yes, you could question the retirement concept altogether. Many baby boomers don’t necessarily want to retire like their parents did.
Turn 65 – RV – Golf – Cards – Retirement home…
60 today is what was 40 yesterday.
We are too busy to retire, we have things to do!
However, even if you don’t want to “retire”, slowing down a bit and doing “stuff” you want to do is a nice option to have, isn’t it?
And let’s face it there will come a time in your life and my life where “working” won’t just be an option anymore.
So are you an older woman nearing retirement but don’t have the resources to slow down or retire? Do you have to keep working just to pay the bills?
Are you wondering and maybe even worrying what you will do in your later years?
- How will I support myself?
- Will social security even be around?
- Will my social security be enough for me?
- Will I be able to find work at my age?
Even though it may not provide much comfort to you, rest assured you are not alone.
The million dollar question is what will you do, how will you respond?
- Should you look for a new job?
- Should you update your job skills and get retrained?
- Should you go back to school to get another degree?
- Should you just hope for the best?
- Should you do something different altogether?
- Should you start your own business and take charge of your life and future?
- Should you start something new that could pay your bills today and tomorrow, while adding tremendous value and satisfaction to your life?
If you think starting you own business might be for you or if you’re even wondering if it might be an option for you, I can help.
The articles and resources you’ll find on WiserPreneur™ are there to help you get started and once again take charge of your life.
Get in touch with me, let me know if you have any specific questions and I’ll do my best to get back to you with an answer.
All the best,