Nursing is considered as one of the most noble professions of the world and in the job market it is one of the stable jobs with attractive numerations. However good the profession is no any career can last for ever and the physical strain of the nursing profession which keeps…
In most of the cases, they retire without any retirement plan and as per the report of the Center for American Nurses not more than 40 percent of the registered nurses have any retirement plan like 401 (k) offered by the employer or any other long term saving or investment plans (Blakeley & Ribeiro, 2008). It suggests that most of them retire without any financial security or any concrete retirement plan. The objective of this paper is to discuss the retirement options for nurses.
Generally, nurses don’t look forward for the retirement options as much as their male counterparts from other profession and the prime reason for this tendency is that nurses are females who hardly take any initiatives for investments. Second reason is that they are from the science background and have no any interests for financial management and they are overworked and get so tired that they procrastinate any decision of financial planning or retirement management (Goldberg, 2002). Like other professionals nurses should also plan for their financial security and retirement just from the beginning of their career. They can take the services of financial consultants or retirement consultants for their planning. There are many options available for them. These options have both financial and social aspects and are necessary to provide them physical or health protection in old age (Glasper, 2011).
c. Pension Plans – Many financial companies offer pension plans which can be availed by the nurses and after depositing a small amount per month they will get a corresponding return per month after they retire (Ho, 2006)
Nurses must not forget about the social aspects of their retirement plans. Since, they have been committed to their profession they might have not fulfilled their social commitments properly and after retirements the society would have more expectations from them (Friis et al. ...
Cite this document
(“Retirement options for nurses Research Paper Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Retrieved from https://studentshare.net/nursing/571045-retirement-options-for-nurses
(Retirement Options for Nurses Research Paper Example | Topics and Well Written Essays - 750 Words - 1)
“Retirement Options for Nurses Research Paper Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.net/nursing/571045-retirement-options-for-nurses.
According to Julius, "it might be difficult to make the transition from employment to retirement". Exposure to inflation is their main threat being a retiree. Don Forbes, head of Associates/Armstrong & Quaile gave them an advice on how they are going to utilize their financial plans to protect themselves against any threats.
However good the profession is, it cannot last forever: the physical strain of the nursing profession, which keeps them always on their toes, does not allow them to work till their retirement age; thus, most of the nurses prefer to retire as early as at an average age of 45 (Blakeley & Ribeiro, 2008).
The essential conditions that lead to the transmission of healthcare associated infections to susceptible patients are identified in the research process. The various features of healthcare associated infections that distinguish it from other diseases have been studied in the research process.
Buyers are thus able to protect themselves against-that is, hedge against-higher prices and sellers are able to hedge against lower prices. Hedgers can also use futures to lock in an acceptable margin between their purchase cost and their selling price. The main goal of hedgers is to protect their interests and a little on making profits.
ssociate’s degree in nursing (ADN) or a bachelor of science degree in nursing (BSN), and has successfully passed the NCLEX-RN certification exam” (Santiago, n.d.). They are the largest occupation in any health care system with about 2.6 million jobs being available in the
Research studies conducted indicate that, workforce issues in nursing include a force in a prolonged role for nurse specialists, management of nurses, and movement towards retirement (Sherman, 2006). This paper describes my
The amount to be deposited per month will be $2500. That is the minimum amount that is accepted.
The portfolio will consist of bonds, options, and stocks. The choice of the investment in the portfolio has been determined by the level of risk associated with the
Ratio spread-This is an option strategy that has the aim of reducing risks associated with the movement of the price of the underlying asset with short and long positions offsetting. This strategy relies on the change of the price of the option that has been caused by changes in the underlying security’s price.
The availability of guidance to the pre-retirees at this stage is wanting. The liberation stage is marked by the first day of retirement. Also referred to as the honeymoon stage, it lasts for about a year (Schieber, 2012).
2 Pages(500 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Retirement options for nurses for FREE!