By Candace Bahr, CEA, CDFA and Ginita Wall, CPA, CFP
If you’re a woman who has reached mid-life a bit dazed and crazed by the passage of time, you are not alone. No one would disagree that women experience a dizzying array of life transitions.
From getting a job to getting married to having children to being divorced or widowed, a woman needs strength and resilience to weather life’s changes.
After years of taking care of business and taking care of others, women often reach middle-age wondering when the life they dreamed of for themselves is going to begin. Good news! Life can begin at 50 or 60 or even 70--prime time for ladies of a certain age begins now!
In her new book, PrimeTime Women™ , Marti Barletta calls today’s 50 to 75 year olds, “the healthiest, wealthiest, most educated, active and influential generation of women in history.” She cites the surprising research discovery that a woman’s 50s and 60s are often the happiest years of her life.
The number of women age 55 and older in the workforce will increase a mighty 52% between 2000 and 2010—from 6.4 to 10.1 million. That spells a healthy, self-reliant sisterhood with plenty of purchasing power. Today’s mid-life women are far from “over the hill.” In fact, they are firmly on top of the mountain!
So how can a woman begin making the most of her prime time? Here are a few suggestions:
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If there ever was a time to save money, it’s now. When a dog gets a bone, he doesn’t go out and make the first payment on a bigger bone. He buries the one he’s got. — Will Rogers
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