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Boosting Retirement Options for Michigan's Women Baby Boomers

July 28, 2008

Lansing, MI – A financial "leg up" is being offered for Michigan women in the 40-plus set, in the form of a unique scholarship of up to $5,000, just for that age group. The program is meant to make it possible for them to go back to school or get additional training, to boost income as they head toward retirement age.

Jacqueline Morrison, the AARP Michigan associate director for Economic Security and Work, says women often have work patterns and jobs that don't make retirement an easy option.

"Retirement doesn't look very feasible because we haven't necessarily been able to be in jobs that provided pensions, and to save like we needed to."

AARP's research shows most people in Michigan plan to work beyond traditional retirement age, and Morrison says additional training can help spell success in the workplace.

"You may need to refresh your skills. With technology, things are changing very quickly, so go back and get a certificate just to stay current in your own field."

The scholarships are funded by the AARP Foundation and based on financial need, with priority given to women caring for other family members and those currently in so-called "dead-end" jobs. Women interested in applying can do so online, at www.aarpfoundationwlc.org.



Deborah Smith/Steve Powers, Public News Service - MI