Working Woman's Guide to Retirement Planning: Saving & Investing Now for a Secure Future
Author(s): Martha Priddy Patterson (Author)
- Publisher: Prentice Hall Direct
- Publication Date: May 1, 1993
- Edition: First Edition
- Language: English
- Print length: 387 pages
- ISBN-10: 013952813X
- ISBN-13: 9780139528132
Book Description
Here at last is a guide that deals with the specific financial situations and problems confronting working women, providing real answers and practical methods to maximize retirement savings. Among other things, it reveals how to accumulate the most money with pension, profit sharing, stock bonus, 401(k), thrift, and other company retirement plans. Sample calculations and case studies of four working women of different ages with different salaries and career paths further simplify retirement planning, and help ensure financial stability. 6 x 9.
Editorial Reviews
From Library Journal
Some may question why women need their own guide to prepare for retirement. Patterson, an attorney and director of employee benefits policy, expertly highlights the special needs of women in this thorough overview. She explains why saving for retirement is different and more difficult for women. For example, she points out that variations in work patterns--staying home to raise children, moving with a spouse--can have unforeseen effects on retirement benefits. A woman who takes just seven years away from the job during a 40-year career may get half the benefits received by someone who stayed in the work force for the entire 40 years. Patterson emphasizes the importance of personal savings and demonstrates how to invest these savings to insure a comfortable and secure retirement. A glossary is appended as are numerous tables to help calculate future benefit income. This would be a good purchase for all library collections.
- Sheila O'Neil, High Point P.L., N.C.
Copyright 1993 Reed Business Information, Inc.
Review
This guide is specifically tailored to the unique experiences and situations commonly encountered by women when planning and utilizing their retirement income. How to understand and make the best use of Social Security, employer pension plans, various retirement programs and investment options, and your own savings are all covered. Everything is explained clearly, with several case studies presented so you can see how possible scenarios unfold over time, and how you might get the most out of your situation. Additionally, a chapter is devoted to figuring out how much you will need to live on after you retire. The idea here is to get you set for the future, whether your partner is in the picture or not. -- From The WomanSource Catalog & Review: Tools for Connecting the Community for Women; review by Ilene Rosoff
Excerpt. © Reprinted by permission. All rights reserved.
Husbands are wonderful, but they tend to disappear. Loyal, dedicated ones die, or they get sick and look to their wives for support, emotionally and financially; others of the breed decide they want to be fully married to their jobs or to another person.
But even if you are confident of old Harry's fidelity and health, read these recent words from Congressman William J. Hughes, chair of the retirement subcommittee of the Aging Committee: Almost three-quarters of the elderly persons living below poverty level are women. Half of elderly women living alone have incomes less than $9,500 per year. Something is seriously wrong with our retirement policies when the General Accounting Office reports that around 80% of the widows now living in poverty were not poor before the death of their husbands.
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