Released: December 28, 2006

Women often not prepared for retirement

Source: Jonathan Peterson, Los Angeles Times (Free Registration)

Ellen Tucker Emerson cut short her nursing career to help raise her children, but money was never a worry. Her husband made a good living as a lawyer, and the family didn’t miss her income.

“We traveled where we wanted,” she said. “He bought me furs and jewelry. We stayed at the best hotels.”

Then the marriage fell apart. Now 51, Tucker Emerson scrambles to pay the bills and wonders how she will get by in retirement.

“Maybe I’ll be that old lady on the cruise ship working as a singer, and I’ll supplement my income working in a nursing home,” said Tucker Emerson, who lives on the coast of Maine. She added, “We need to teach our daughters that you have to take care of yourself for the future.”

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