Retirement & Financial Planning Report

Caregiving responsibilities can have an impact on retirement readiness, a report has said, adding that among the various types of demographics, the effect was most strongly seen by gender—that women are much more likely than men to have such responsibilities during their working careers.

The report from the TransAmerica Center for Retirement Research found that overall, 19 percent of workers have served as a caregiver during the past and 18 percent currently are caregivers. It found relatively little difference according to factors such as urban vs. rural residence, full-time vs. part-time work and ethnicity, but also that 38 percent of women either currently are or have been a caregiver during their working career, “which is significantly higher than the 32 percent of men who are or have been caregivers.”


The report added that by that measure and others, about nine-tenths of caregivers made changes in their work in response, such as cutting back from full-time to part-time work.

In findings similar to those of other reports, the study also found that financial security was the major concern about retirement and that largely for that reason, more than half expect to continue working at least part-time after retirement from their main occupation, while about a fifth said they are not sure and a quarter said they definitely do not plan to continue working.

Immediate Retirement Under FERS

Chart: What it Takes to Be a TSP Millionaire in Today’s Dollars

The Most Common Questions on FEHB

The Most Common FERS Retirement Questions

The Most Common Questions About CSRS

FERS Retirement Guide 2021