Retirement options for nurses - Research Paper Example

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Retirement options for nurses

The nurses enjoy their career, and they love their respectable profession, but most of them look forward to hanging up their scrubs - they opt to retire earlier than usual due to the nature of their job. In most 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. The objective of this paper is to discuss the retirement options for nurses. Retirement Options Generally, nurses don’t look forward to the retirement options as much as their male counterparts from other professions, and the prime reason for this tendency is that nurses are females who hardly take any initiatives for investments. The second reason is that they have scientific background and have no interest for financial management since 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 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. ...Show more

Summary

Options for Nurses before Retirement Sonia Mirza January 25, 2013. Options for Nurses before Retirement Introduction 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…
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