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What comes next for women approaching retirement

What comes next for women approaching retirement

March 25, 2024

It’s been decades in the making, but you’re finally closing in on retirement. Retirement represents a momentous shift in your life from focusing on your career to spending your time how you’d like. To best enjoy your retirement, keep these things in mind.

Prioritize yourself

Years spent driving kids to soccer practice, working late nights, and cooking for the family have meant you may not have spent so much time prioritizing yourself. Retirement can be your chance to explore your needs and enjoy the fruits of your labor. So dust off your travel hat or get ready for regular trips to the playground with your grandchildren. You’ve earned it!

Don’t forget about your finances

While you’re enjoying retirement, you still can’t forget about your finances. You’ve spent so much time arranging your portfolio and budgeting around retirement that you might think you can stop thinking about money. Unfortunately, your finances will still play a large role in your retirement, and the legacy you leave to future generations.


Some financial decisions you may have to consider during this time of your life are your:

  • Investments
  • Estate planning
  • Tax planning
  • Will and trust

Women tend to retire earlier, and live longer than men

Women, on average, live five years longer than their male counterparts. At the same time, they also tend to retire earlier. This combination means that if you’re married, you will likely spend more years in retirement than your spouse. While you obviously can’t predict whether you or your spouse will pass away first, it is likely that you will outlive your loved one. You should both have the request documents and paperwork prepared for your passing to ensure your desires are adhered to.


In the case where you do outlive your loved one, you may want to consider how your lifestyle will change once you are by yourself. Will you move closer to family, or take some time to travel on your own? It can be difficult to think about these questions now before you are in this situation, but as you age into retirement this will become more and more important to consider.

Maintain and grow social connections

As we age, it can be harder to hold on to our social connections. Many retirees report feelings of loneliness which can result in depression. One of the best ways to combat this is to maintain social connections as best you can.



  • Part-time work - Whether it’s related to your previous career or not, comradery between co-workers is a great form of social bonding
  • Volunteer - Spending time on a meaningful cause will lead you to meeting like minded people.
  • Join clubs - Consider joining others in activities like bird watching, crocheting, or create a club of your own to make new friends and learn about others.

Be prepared for anything

The thing to remember about retirement is that you can’t prepare for everything. You never know what unexpected expense might arise, or turn of events that could change your retirement plans altogether. While you may have envisioned the perfect retirement in your head, when something unexpected occurs, try to be as financially nimble as possible to deal with it head on so it doesn’t affect your future.