Very few have actual plan for retirement since it takes determination and careful thinking; retirement is an adjustment and the person should make an easy transition.. Because of increased costs of living, increased property taxes and city taxes people are more concerned about the future including retirement and they may opt to continue working.Man and women may behave differently during this period. one’s sex has a bearing on the process of retirement and the outcome but there are commonalities such as both seeing that there is no guarantee of a rosy retirement when companies have downsized and full time jobs are fewer.
Retirement is viewed differently by both sexes, as is the sociology behind this phase in life. Relationships can change if a man reached retirement earlier than his spouse: she may have to opt working increased hours to make ends meet. Dynamics of a relationship change when retirement comes for a man or a woman. It is like a death when he loses his job. He then goes to thinking of leisure activities. Women on the other hand have another way of dealing with the thought where they proportion their time to other things that are valuable like being with the family or not. That is unless she still has children in the home and the husband or partner is unable to work; then her retirement period will still be filled with an extra workload.
These observations are no surprise to psychologists and behaviorists: women have been associated as nurturers and keepers of the hearth while men have been associated to hunters. Since hunting in the classical sense has been substituted by fitting into the norms of the society man is associated with, he actively ‘hunts’ for work in order to feed his family.
In the mid thirties, the logic was that people saw age 65 as a retirement age. In other countries retirement could be at sixty. Since people are living longer but are also in comparable debt or don’t necessarily have any plan, that retirement could be later. Not having a strategy while they are working could cost them that retirement at that point. Lack of foresight can prohibit the person from having acquired enough savings that would allow easier living. Today with the continued recession that is lasting longer than the great depression but is somehow seen as less severe, many baby boomers will probably see themselves still at work until their seventies or later because their nest eggs have dwindled.
However many people would just as well stay working or even return to work to keep busy. They would also be cutting out what they originally wanted to do which would exemplify a new lifestyle controlled by them and completely independent of their working period.
Women might be more self-starters then men when it comes to designing a retirement plan. They would tarry less. Men can be considered less enthusiastic and then they would need to be directed more in getting out and doing something with their lives after the job is gone. This could be stressing for them. So a retirement program should consider a lifestyle program that will reduce that stressful change.
They should have money left aside for the essentials like food, clothing and shelter. Secure money should cover this. For extra spending, retired couples should have that extra money outside what covers the essentials. The third amount of funds should be that next egg, which they could rely on, should there be an emergency. The nest egg can be a home that be sold or re-mortgaged. But today should that nest egg be property that has gone down in value because of the recent bank crisis, and then there is no nest egg to rely on.
Other severe scenarios that can ruin a rosy retirement are that longevity for women is not the same as for men, women live longer and if their spouses are already older, they are more likely to be widowed and allowed access to only one pension. This news complicated by statistics that single women are lore likely to be poorer during retirement years than men, means that retirement for the single, widowed or not, is likely to be harder. Maybe the poorer status has to do with women being less able to look after their funds than men can, once they reach retirement age.
Having a multiple strategy does not mean that poorer folk won’t have some sense of anticipation or even excitement. Generally there is feeling of excitement before retirement because you think of what freedom you may have. However with the cost of living that goes up and the recession that has cut the desire for people to buy homes, the reality may be very different from that excitement.
Some boomers won’t be able to sell homes to get that money they had expected because of the depressed economy. The little savings they have, the fact that they are bored looking for an easy approach to living and the lack of self-esteem in not being able to function as an able breadwinner might cause them to get back into employment. But another drama can unfold. One study showed that men have a greater risk of heart attack because of the feeling of being useless.
Other factors that can influence retirement are illnesses of one or both parents so that they are reliant on their children for support. The healthier adult has to take care of the one that is ill and that might force the elderly couple into a old age residence instead of allowing them to spend time together as independent adults, traveling freely together. If both parents are ill then generally reduced mobility means neither will be able to travel as much they did. There is a program existing though in a retirement home in Montreal, where holiday destinations can be simulated. It is as though the person has actually traveled to a sunny resort because the ambiance of the travel location has been copied. Special lamps are installed and sand is placed to act as a real beach.
People spend wildly in the first years of retirement. This is a negative thing. Spending makes people think positively because it reminds them of the days when they were earning a lot of money. They have to assume that their lifestyles have changed though and that they have to face new realities where being able to get back into the work force is not guaranteed. Younger employees can be more attractive: they are easily trained, carry less personal baggage and are generally cheaper to hire.
Retirement is viewed differently by both sexes, as is the sociology behind this phase in life. Relationships can change if a man reached retirement earlier than his spouse: she may have to opt working increased hours to make ends meet. Dynamics of a relationship change when retirement comes for a man or a woman. It is like a death when he loses his job. He then goes to thinking of leisure activities. Women on the other hand have another way of dealing with the thought where they proportion their time to other things that are valuable like being with the family or not. That is unless she still has children in the home and the husband or partner is unable to work; then her retirement period will still be filled with an extra workload.
These observations are no surprise to psychologists and behaviorists: women have been associated as nurturers and keepers of the hearth while men have been associated to hunters. Since hunting in the classical sense has been substituted by fitting into the norms of the society man is associated with, he actively ‘hunts’ for work in order to feed his family.
In the mid thirties, the logic was that people saw age 65 as a retirement age. In other countries retirement could be at sixty. Since people are living longer but are also in comparable debt or don’t necessarily have any plan, that retirement could be later. Not having a strategy while they are working could cost them that retirement at that point. Lack of foresight can prohibit the person from having acquired enough savings that would allow easier living. Today with the continued recession that is lasting longer than the great depression but is somehow seen as less severe, many baby boomers will probably see themselves still at work until their seventies or later because their nest eggs have dwindled.
However many people would just as well stay working or even return to work to keep busy. They would also be cutting out what they originally wanted to do which would exemplify a new lifestyle controlled by them and completely independent of their working period.
Women might be more self-starters then men when it comes to designing a retirement plan. They would tarry less. Men can be considered less enthusiastic and then they would need to be directed more in getting out and doing something with their lives after the job is gone. This could be stressing for them. So a retirement program should consider a lifestyle program that will reduce that stressful change.
They should have money left aside for the essentials like food, clothing and shelter. Secure money should cover this. For extra spending, retired couples should have that extra money outside what covers the essentials. The third amount of funds should be that next egg, which they could rely on, should there be an emergency. The nest egg can be a home that be sold or re-mortgaged. But today should that nest egg be property that has gone down in value because of the recent bank crisis, and then there is no nest egg to rely on.
Other severe scenarios that can ruin a rosy retirement are that longevity for women is not the same as for men, women live longer and if their spouses are already older, they are more likely to be widowed and allowed access to only one pension. This news complicated by statistics that single women are lore likely to be poorer during retirement years than men, means that retirement for the single, widowed or not, is likely to be harder. Maybe the poorer status has to do with women being less able to look after their funds than men can, once they reach retirement age.
Having a multiple strategy does not mean that poorer folk won’t have some sense of anticipation or even excitement. Generally there is feeling of excitement before retirement because you think of what freedom you may have. However with the cost of living that goes up and the recession that has cut the desire for people to buy homes, the reality may be very different from that excitement.
Some boomers won’t be able to sell homes to get that money they had expected because of the depressed economy. The little savings they have, the fact that they are bored looking for an easy approach to living and the lack of self-esteem in not being able to function as an able breadwinner might cause them to get back into employment. But another drama can unfold. One study showed that men have a greater risk of heart attack because of the feeling of being useless.
Other factors that can influence retirement are illnesses of one or both parents so that they are reliant on their children for support. The healthier adult has to take care of the one that is ill and that might force the elderly couple into a old age residence instead of allowing them to spend time together as independent adults, traveling freely together. If both parents are ill then generally reduced mobility means neither will be able to travel as much they did. There is a program existing though in a retirement home in Montreal, where holiday destinations can be simulated. It is as though the person has actually traveled to a sunny resort because the ambiance of the travel location has been copied. Special lamps are installed and sand is placed to act as a real beach.
People spend wildly in the first years of retirement. This is a negative thing. Spending makes people think positively because it reminds them of the days when they were earning a lot of money. They have to assume that their lifestyles have changed though and that they have to face new realities where being able to get back into the work force is not guaranteed. Younger employees can be more attractive: they are easily trained, carry less personal baggage and are generally cheaper to hire.
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