01:830:335 Lecture Notes - Lecture 24: Snowbirds
15 Dec 2016
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Document Summary
Women end up with less retirement income than men. Due to taking breaks, working part time doesn"t allow them to put away enough money. Men more likely to stay in work world. More jobs have moved from physically demanding jobs to more retail and so in. Wives don"t want to keep working when husband is not working. To take care of grandkids and kids. Hate/love career people will retire or not retire. Ppl prefer to do their hobbies for a long time rather than work. Loving the 1st part of not doing nothing: retirement routine, disenchantment. Usually leads to retirement termination: termination of retirement. In retirement all friends start dying makes people lonely. Pension: money put away during work for use when you retire you get a defined amount of money until you die. It is a defined benefit: you will always get this money until you die. Money comes from your salary and the company you work with.
