Friday, August 3, 2007

Thoughts on Retirement

Women & Co a company created by Citigroup came to our office to speak to a group of young female designers about financial planning and taking control of their finances. Also on the panel were Heidi Blau, a principal of the 175 person architecture firm FX Fowle and Sarah Caples, a partner of Caples Jefferson Architects. They shared with us their experiences as women who have been in the architecture profession for the last 30 years.

Average Age of Widowhood: 55 Years
Average Age of Retirement, Women:
Average Lifespan, Women: 81 Years
Average Lifespan, Men: 73 Years
Average Years out of the Workforce, Men: 1 Year
Average Years out of the Workforce, Women: 11.5 Years
Projected Retirement Income: 90% of Pre-Retirement Income

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