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Managing The Stress ~ Making The Decisions ~ Discovering The Meaning |
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Caregiving |
Solutions To Your Caregiving Situations Throughout Your Caregiving Years |
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Caregiving or Your career? Care for your financial future The Administration on Aging, U.S. Department of Health and Human Services, has great suggestions on its web site about retirement planning. Their information: “Adequate income and assets are critically important to enable well being in virtually all dimensions of life in the later years. Experts estimate that retirees will need, on average, 70% of their pre-retirement income to maintain their standard of living when they stop working. Most people do not realize that Social Security pays the average person about 40% of their earnings when they retire at age 65. Only one-third of people now employed has tried to learn how much they must save to achieve a comfortable retirement. Of these, 42% remain unsure about how much money they will need to save. For many reasons, most older women and minorities cannot meet their financial needs over their life course. Women thus make up almost three-quarters of all older persons below the poverty level. Whether or not a person plans well for their older years will clearly determine their financial well being and quality of life.” You can meet with a certified financial planner to discuss the implications on your future if you quit your job. You can search for a financial planner at this site: http://www.fpanet.org/ And, for more information about resources, visit the Administration on Aging web site at http://www.aoa.gov. And, visit First Gov for Seniors: http://www.seniors.gov/retirement.html. |
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