Ashwini, does a woman's career end at 40? I am 39, working in a private bank and facing some politics at the workplace. I have heard casual remarks from younger colleagues who feel that women should retire by 40 because they are unable to handle pressure and work deadlines and begin to have health issues. I don't agree at all. How to deal with this bias?

Ans: I think your should continue as long as you are healthy and like your job. You can possibly slow down and not take additional projects so that you spend more time for self and family

Ans: You have identified the problem correctly. You can either disregard that feeling of being junior and enjoy what you are doing and prove yourself as the best. Other than that you can start something on your own. There are no other options I feel. Regards and best

Ans: career paths are unique for each individual, and success is not solely defined by age or job title. Focus on your personal growth, contributions to your organization, and finding fulfillment in your workUnderstand that your age and experience bring unique strengths to the table. You likely have a wealth of knowledge and skills that can be valuable to your current organization. Identify and leverage these strengths in your current role. Consider investing in professional development opportunities to update your skills and stay current in your field Build relationships with colleagues, both younger and older, through networking Networking can help you feel more connected and open up opportunities for mentorship or collaboration. Connect with more senior colleagues or mentors within your organization. They can provide guidance on career advancement, share their experiences, and help you navigate the corporate culture Understanding the expectations for career progression can help you set realistic goals Find common ground with your colleagues, regardless of age differences. Engage in team-building activities, attend social events, and try to connect on a personal level. Building strong relationships with your team members can improve collaboration and create a more positive work environment.
Career progression can take time, especially when re-entering the workforce after a break. Stay persistent, continue to demonstrate your skills and dedication, and be patient as you work towards your goals.

Ans: It sounds like you're reflecting on the challenges and expectations of retirement in the modern era. Indeed, the notion of retirement has evolved significantly, and for many people, the traditional idea of retiring at a set age and living off savings may seem increasingly out of reach or unappealing.

Here are a few points to consider about retirement and continuous engagement in work or learning:

Lifelong Learning and Adaptation: The rapid pace of technological and societal change means that staying engaged and continuously learning can be crucial for personal and professional growth. Many people find fulfillment in staying active intellectually and professionally.

Financial Security: The financial landscape has shifted, with many facing uncertainties related to pensions, savings, and healthcare costs. Ensuring a stable financial future often requires ongoing income or strategic financial planning.

Purpose and Fulfillment: For some, work provides a sense of purpose and identity. Retirement doesn’t necessarily mean stopping all productive activities; many people transition to new careers, volunteer work, or pursue hobbies and interests that keep them engaged and fulfilled.

Health and Longevity: Advances in healthcare have increased life expectancy, meaning that many people will spend more years in retirement than previous generations. This requires careful financial and lifestyle planning to maintain a good quality of life over a longer period.

Diverse Retirement Goals: Retirement is highly individual. Some may dream of leisure and travel, while others may prefer to start new ventures or continue working part-time. Flexibility in retirement planning can help accommodate diverse goals and lifestyles.

In summary, while the concept of retirement is changing, it doesn't mean that people can't retire; it just means that retirement might look different for each person. Balancing continuous learning and earning with rest and leisure is key to a fulfilling life at any stage.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in