Monday, March 29, 2004

Single women banding together for retirement living

A story published today in the Contra Costa Times reports that more single women in their 50s and 60s are combining their assets and skills to create a stable home for their retirement years.

A recent New York Times article cites several examples. One woman in her 60s built a house in rural Ohio for herself and three friends. Six friends in Nova Scotia are thinking of moving into a residence together. A contractor in Texas reports that he recently has been building houses for two women each. Orders are coming in fast.

The women join together to share chores and financial responsibility and help when the other is sick, but not for romance. They are either widowed or divorced or never married.

Many sign legal documents spelling out the financial responsibilities that each one has. These are similar to prenuptial agreements, which protect both partners in a marriage if the relationship sours.


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