Did you know that many nurses are not actively preparing financially for retirement through employer programs or long-term investment options? Probably part of the reason is that statistics show many nurses are women and women are less likely to invest in retirement plans than their male counterparts. Fortunately, it is never too late for nurses to assess their financial situation and prepare for retirement. The first step is to assess what options are available to you (covered in detail in this section) It is recommended that you discuss your situation with a trained financial advisor to ensure you will have enough money to live on in your retirement, especially if you need to develop a more aggressive savings plan. With proper advice, you will get a sense of how long you have until you can retire, as well as the best way to approach a financial retirement plan. A few points you will need to consider:
It is important for nurses to take an active role in their retirement plan and investments. For more information about preparing financially for retirement, check out these links.