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Download or read book Do Households Have Enough Wealth for Retirement? written by David A. Love and published by . This book was released on 2007 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author: Paul A. Smith
Publisher:
Published: 2007
Total Pages: 49
ISBN-13:
DOWNLOAD EBOOKDramatic structural changes in the U.S. pension system, along with the impending wave of retiring baby boomers, have given rise to a broad policy discussion of the adequacy of household retirement wealth. We construct a uniquely comprehensive measure of wealth for households aged 51 and older in 2004 that includes expected wealth from Social Security, defined benefit pensions, life insurance, annuities, welfare payments, and future labor earnings. Abstracting from the uncertainty surrounding asset returns, length of life and medical expenses, we assess the adequacy of wealth using two expected values: an annuitized value of comprehensive wealth and the ratio of comprehensive wealth to the actuarial present value of future poverty lines. We find that most households in these older cohorts can expect to have sufficient total resources to finance adequate consumption throughout retirement, taking as given expected lifetimes and current Social Security benefits. We find a median annuity value of wealth equal to $32,000 per person per year in expected value and a median ratio of comprehensive wealth to poverty-line wealth of 3.56. About 12 percent of households, however, do not have sufficient wealth to finance consumption equal to the poverty line over their expected lifetimes, even after including the value of Social Security and welfare benefits, and an additional 9 percent can expect to be relatively close to the poverty line.
Download or read book Do Households Have Enough Retirement Wealth? written by Paul A. Smith and published by . This book was released on 2007 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dramatic structural changes in the U.S. pension system, along with the impending wave of retiring baby boomers, have given rise to a broad policy discussion of the adequacy of household retirement wealth. We construct a uniquely comprehensive measure of wealth for households aged 51 and older in 2004 that includes expected wealth from Social Security, defined benefit pensions, life insurance, annuities, welfare payments, and future labor earnings. Abstracting from the uncertainty surrounding asset returns, length of life and medical expenses, we assess the adequacy of wealth using two expected values: an annuitized value of comprehensive wealth and the ratio of comprehensive wealth to the actuarial present value of future poverty lines. We find that most households in these older cohorts can expect to have sufficient total resources to finance adequate consumption throughout retirement, taking as given expected lifetimes and current Social Security benefits. We find a median annuity value of wealth equal to $32,000 per person per year in expected value and a median ratio of comprehensive wealth to poverty-line wealth of 3.56. About 12 percent of households, however, do not have sufficient wealth to finance consumption equal to the poverty line over their expected lifetimes, even after including the value of Social Security and welfare benefits, and an additional 9 percent can expect to be relatively close to the poverty line.
Author: National Research Council
Publisher: National Academies Press
Published: 2013-01-10
Total Pages: 230
ISBN-13: 0309261961
DOWNLOAD EBOOKThe United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Download or read book Aging and the Macroeconomy written by National Research Council and published by National Academies Press. This book was released on 2013-01-10 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author: Dan Clay
Publisher:
Published: 2020-08-26
Total Pages: 360
ISBN-13:
DOWNLOAD EBOOKLearn the basic, fundamental principles of saving for retirement and ensure a comfortable, secure financial future for you and your family. Close your eyes for a moment and imagine your dream retirement. Picture where you are, who you're with, what you're doing, and how you feel. Take a deep breath and really let the visualization sink in and transport you to this alternate reality. Now open your eyes and ask yourself: Do you think you'll ever get to personally experience this vision of your dream retirement at any point in your life? If you answered no, you're not alone! Nearly 40 million working age households in the U.S. have no retirement savings, and a whopping 78% of Americans say they're either "extremely" or "somewhat" concerned about not having enough money for retirement. You probably already know that you need to be saving for retirement, but where do you even begin? From the alphabet soup of retirement accounts like 401(k)s, IRAs, 457s, and the like, to the confusing array of fund options with cryptic-sounding names and enormous hidden fees, knowing where to start is no easy task. And chances are you never learned this stuff in school, either--despite the fact that it has a greater impact on your happiness and quality of life than almost any other subject you can think of. Fortunately, building a nest egg to fund your dream retirement is easier than you think. In this book, Amazon bestselling author Dan Clay breaks down the steps of saving for retirement into easy, digestible chunks written specifically for those who have little to no financial background. Here are some of the things you'll learn: What the concept of retirement means and how to engineer it to fit your desired lifestyle The Retirement Income Equation for calculating how much money you need to retire--and why it might not be as much as you think! The magic of compound interest and how it can make you RICH Demystifying the role stocks and bonds play in your investment portfolio and why they should be embraced, not feared The dirty little secret Wall Street doesn't want you to know (that can save you hundreds of thousands of dollars over your lifetime) The Ten Golden Rules of Saving for Retirement that will put you well ahead of the majority of savers Why you could be leaving thousands of dollars of FREE money from your employer on the table, and how to take advantage of it How to decipher the alphabet soup of retirement accounts including 401(k)s, IRAs, and Roth IRAs The Goldilocks approach to managing your portfolio that will save you thousands of dollars in management fees over the course of your lifetime The proper mindset and habits you need to adopt in order to crush your retirement goals PLUS, you'll also gain access to a free companion website containing a bonus chapter packed with advanced tactics for supercharging your retirement savings, a list of Dan's favorite finance book and blog recommendations, and other bonus materials designed to help you make the right decisions with your money. Whether you're a recent graduate starting your first job, someone who's been meaning to start saving for retirement but just hasn't gotten around to it yet, or a person who's already saving for retirement but still isn't exactly sure what they're doing, this comprehensive guide aims to be THE fundamental resource you need for saving for retirement and securing your financial future. What are you waiting for? Scroll to the top of the page and click BUY NOW to start seizing control of your financial destiny today!
Download or read book The Beginner's Guide To Saving For Retirement written by Dan Clay and published by . This book was released on 2020-08-26 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn the basic, fundamental principles of saving for retirement and ensure a comfortable, secure financial future for you and your family. Close your eyes for a moment and imagine your dream retirement. Picture where you are, who you're with, what you're doing, and how you feel. Take a deep breath and really let the visualization sink in and transport you to this alternate reality. Now open your eyes and ask yourself: Do you think you'll ever get to personally experience this vision of your dream retirement at any point in your life? If you answered no, you're not alone! Nearly 40 million working age households in the U.S. have no retirement savings, and a whopping 78% of Americans say they're either "extremely" or "somewhat" concerned about not having enough money for retirement. You probably already know that you need to be saving for retirement, but where do you even begin? From the alphabet soup of retirement accounts like 401(k)s, IRAs, 457s, and the like, to the confusing array of fund options with cryptic-sounding names and enormous hidden fees, knowing where to start is no easy task. And chances are you never learned this stuff in school, either--despite the fact that it has a greater impact on your happiness and quality of life than almost any other subject you can think of. Fortunately, building a nest egg to fund your dream retirement is easier than you think. In this book, Amazon bestselling author Dan Clay breaks down the steps of saving for retirement into easy, digestible chunks written specifically for those who have little to no financial background. Here are some of the things you'll learn: What the concept of retirement means and how to engineer it to fit your desired lifestyle The Retirement Income Equation for calculating how much money you need to retire--and why it might not be as much as you think! The magic of compound interest and how it can make you RICH Demystifying the role stocks and bonds play in your investment portfolio and why they should be embraced, not feared The dirty little secret Wall Street doesn't want you to know (that can save you hundreds of thousands of dollars over your lifetime) The Ten Golden Rules of Saving for Retirement that will put you well ahead of the majority of savers Why you could be leaving thousands of dollars of FREE money from your employer on the table, and how to take advantage of it How to decipher the alphabet soup of retirement accounts including 401(k)s, IRAs, and Roth IRAs The Goldilocks approach to managing your portfolio that will save you thousands of dollars in management fees over the course of your lifetime The proper mindset and habits you need to adopt in order to crush your retirement goals PLUS, you'll also gain access to a free companion website containing a bonus chapter packed with advanced tactics for supercharging your retirement savings, a list of Dan's favorite finance book and blog recommendations, and other bonus materials designed to help you make the right decisions with your money. Whether you're a recent graduate starting your first job, someone who's been meaning to start saving for retirement but just hasn't gotten around to it yet, or a person who's already saving for retirement but still isn't exactly sure what they're doing, this comprehensive guide aims to be THE fundamental resource you need for saving for retirement and securing your financial future. What are you waiting for? Scroll to the top of the page and click BUY NOW to start seizing control of your financial destiny today!
Author: Teresa Ghilarducci
Publisher: Workman Publishing
Published: 2015-12-15
Total Pages: 145
ISBN-13: 0761186131
DOWNLOAD EBOOKHere is a single-sit read than can change the course of your retirement. Written by Dr. Teresa Ghilarducci, an economics professor, a retirement and savings specialist, and a trustee to two retiree health-care trusts worth over $54 billion, How to Retire with Enough Money cuts through the confusion, misinformation, and bad policy-making that keeps us spending or saving poorly. It begins with acknowledging what a person or household actually needs to have saved—the rule of thumb is eight to ten times your annual salary before retirement—and how much to expect from Social Security. And then it delivers the basic principles that will make the money grow, including a dozen good ideas to get current expenses under control. Why to “get rid of your guy”—those for-fee (or hidden-fee) financial planners that suck up valuable assets. Why it’s always better to pay off a loan or a mortgage. There are no gimmicks, no magical thinking—just an easy-to-follow program that works.
Download or read book How to Retire with Enough Money written by Teresa Ghilarducci and published by Workman Publishing. This book was released on 2015-12-15 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here is a single-sit read than can change the course of your retirement. Written by Dr. Teresa Ghilarducci, an economics professor, a retirement and savings specialist, and a trustee to two retiree health-care trusts worth over $54 billion, How to Retire with Enough Money cuts through the confusion, misinformation, and bad policy-making that keeps us spending or saving poorly. It begins with acknowledging what a person or household actually needs to have saved—the rule of thumb is eight to ten times your annual salary before retirement—and how much to expect from Social Security. And then it delivers the basic principles that will make the money grow, including a dozen good ideas to get current expenses under control. Why to “get rid of your guy”—those for-fee (or hidden-fee) financial planners that suck up valuable assets. Why it’s always better to pay off a loan or a mortgage. There are no gimmicks, no magical thinking—just an easy-to-follow program that works.
Author: Carrie Schwab-Pomerantz
Publisher: Crown Currency
Published: 2014-04-01
Total Pages: 434
ISBN-13: 0804137374
DOWNLOAD EBOOKHere at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
Download or read book The Charles Schwab Guide to Finances After Fifty written by Carrie Schwab-Pomerantz and published by Crown Currency. This book was released on 2014-04-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
Author: Todd Tresidder
Publisher: Financialmentor.com
Published: 2020-01-02
Total Pages: 236
ISBN-13: 9781939273062
DOWNLOAD EBOOKLearn how retirement really works before it's too late... "This book is the best I've seen on how to navigate the retirement savings question." (Forbes) Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money. How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning. In this book, you'll learn: Why the best way to describe most retirement estimates is garbage-in/garbage-out The five critical assumptions that can destroy your financial security How to reduce the amount you need to retire by as much as $600,000 Three strategies to maximize spending today while protecting for the future How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius Read this book to know more about your retirement planning than your financial adviser. Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link of personal finance books will make you sleep easier. No retirement is secure without it. Buy the book today so you can retire with confidence!
Download or read book How Much Money Do I Need to Retire? written by Todd Tresidder and published by Financialmentor.com. This book was released on 2020-01-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how retirement really works before it's too late... "This book is the best I've seen on how to navigate the retirement savings question." (Forbes) Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money. How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning. In this book, you'll learn: Why the best way to describe most retirement estimates is garbage-in/garbage-out The five critical assumptions that can destroy your financial security How to reduce the amount you need to retire by as much as $600,000 Three strategies to maximize spending today while protecting for the future How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius Read this book to know more about your retirement planning than your financial adviser. Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link of personal finance books will make you sleep easier. No retirement is secure without it. Buy the book today so you can retire with confidence!
Author: Teresa Ghilarducci
Publisher: Columbia Business School Publi
Published: 2018
Total Pages: 166
ISBN-13: 9780231185646
DOWNLOAD EBOOKIn Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. It offers a practical guide to the future of secure retirement.
Download or read book Rescuing Retirement written by Teresa Ghilarducci and published by Columbia Business School Publi. This book was released on 2018 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. It offers a practical guide to the future of secure retirement.
Author: Michael Steven
Publisher:
Published: 2021-02-21
Total Pages: 158
ISBN-13:
DOWNLOAD EBOOKHow average joes have been able to retire earlier than ever without winning the lottery or getting an inheritance Do you spend hours on end dreaming about finally quitting your job and owning your time? Do you spend a considerable amount of your money on the lottery in the hopes of striking it rich and never needing to work again? Do you keep falling for the next get-rich-quick scheme that promises you incredible wealth in months, only to be disappointed again? Instead of pinning your hopes and throwing your money on a plan with extremely low odds -- the result of which is totally out of your control -- why don't you do something that can actually lead to reaching your goal of retirement? Retirement doesn't have to be reserved only for the old or the rich. More and more people have been able to retire early through creative ways, such as extreme frugality and investing 90% of their income. Quite a number still have been able to retire in their 20s, 30s, and 40s because of real estate. There are many different ways to invest in real estate, but one strategy in particular is popular because it's easy for first time investors to get into and assures reliable income that grows through the years. Buying and holding rental properties is a great way to fund your retirement, and you can start investing, even if you don't have enough money for a down payment. To find out more about the ins and outs, follow this straightforward guide that will list down all the steps you need to take to fund your retirement earlier with rental income. In Build A Successful Retirement Plan Using Real Estate, here is just a fraction of what you will discover: How you can reduce your retirement number and retire earlier by investing in rental properties Alternative ways of financing your investment property that don't require you to make a down payment 8 legal ways to find real estate below market value (and you won't need to cheat, lie, or make up numbers) The #1 difference in evaluating a property to live in versus a property to rent out When you can realistically make an offer below asking price, and still get it accepted by the seller A proven investment strategy that will enable you to consistently add more rental properties, even with limited funds The affordable renovations that add value to your property and increase your rental rate, and the ones that don't And much more. As with any investment, investing in real estate comes with its risks. However, unlike the lottery, there's a lot you can do to manage those risks, and plenty of conditions within your control. Real estate investing does not rely on luck to succeed, but on strategic, well-planned and well-researched moves. With an action plan in hand and the will to do the work, you'll be reaching your retirement goal sooner than you first thought. If you're ready to stop gambling on your future and actually do what it takes to make your dreams of early retirement a reality, then scroll up and click the "Add to Cart" button right now.
Download or read book Build A Successful Retirement Plan Using Real Estate written by Michael Steven and published by . This book was released on 2021-02-21 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: How average joes have been able to retire earlier than ever without winning the lottery or getting an inheritance Do you spend hours on end dreaming about finally quitting your job and owning your time? Do you spend a considerable amount of your money on the lottery in the hopes of striking it rich and never needing to work again? Do you keep falling for the next get-rich-quick scheme that promises you incredible wealth in months, only to be disappointed again? Instead of pinning your hopes and throwing your money on a plan with extremely low odds -- the result of which is totally out of your control -- why don't you do something that can actually lead to reaching your goal of retirement? Retirement doesn't have to be reserved only for the old or the rich. More and more people have been able to retire early through creative ways, such as extreme frugality and investing 90% of their income. Quite a number still have been able to retire in their 20s, 30s, and 40s because of real estate. There are many different ways to invest in real estate, but one strategy in particular is popular because it's easy for first time investors to get into and assures reliable income that grows through the years. Buying and holding rental properties is a great way to fund your retirement, and you can start investing, even if you don't have enough money for a down payment. To find out more about the ins and outs, follow this straightforward guide that will list down all the steps you need to take to fund your retirement earlier with rental income. In Build A Successful Retirement Plan Using Real Estate, here is just a fraction of what you will discover: How you can reduce your retirement number and retire earlier by investing in rental properties Alternative ways of financing your investment property that don't require you to make a down payment 8 legal ways to find real estate below market value (and you won't need to cheat, lie, or make up numbers) The #1 difference in evaluating a property to live in versus a property to rent out When you can realistically make an offer below asking price, and still get it accepted by the seller A proven investment strategy that will enable you to consistently add more rental properties, even with limited funds The affordable renovations that add value to your property and increase your rental rate, and the ones that don't And much more. As with any investment, investing in real estate comes with its risks. However, unlike the lottery, there's a lot you can do to manage those risks, and plenty of conditions within your control. Real estate investing does not rely on luck to succeed, but on strategic, well-planned and well-researched moves. With an action plan in hand and the will to do the work, you'll be reaching your retirement goal sooner than you first thought. If you're ready to stop gambling on your future and actually do what it takes to make your dreams of early retirement a reality, then scroll up and click the "Add to Cart" button right now.
Author: Jane Bryant Quinn
Publisher: Simon & Schuster
Published: 2020-01-07
Total Pages: 432
ISBN-13: 1982115831
DOWNLOAD EBOOKNOW COMPLETELY UPDATED to reflect the changes in tax legislation, health insurance, and the new investment realities. In this “highly valuable resource” (Publishers Weekly, starred review) Quinn “provides simple, straightforward” (The New York Times) solutions to the universal retirement dilemma—how to make your limited savings last for life—covering mortgages, social security, income investing, annuities, and more! Will you run out of money in your older age? That’s the biggest worry for people newly retired or planning to retire. Fortunately, you don’t have to plan in the dark. Jane Bryant Quinn tells you how to squeeze a higher income from all your assets—including your social security account (get every dollar you’re entitled to), a pension (discover whether a lump sum or a lifetime monthly income will pay you more), your home equity (sell, rent, or take a reverse mortgage?), savings (how to use them safely to raise your monthly income), retirement accounts (invest the money for growth in ways that let you sleep at night), and—critically—how much of your savings you can afford to spend every year without running out. There are easy ways to figure all this out. Who knew? Quinn also shows you how to evaluate your real risks. If you stick with super-safe investment choices, your money might not last and your lifestyle might erode. The same might be true if you rely on traditional income investments. Quinn rethinks the meaning of “income investing,” by combining reliable cash flow during the early years of your retirement with low-risk growth investments, to provide extra money for your later years. Odds are, you’ll live longer than you might imagine, meaning that your savings will stretch for many more years than you might have planned for. With the help of this book, you can turn those retirement funds into a “homemade” paycheck that will last for life.
Download or read book How to Make Your Money Last - Completely Updated for Planning Today written by Jane Bryant Quinn and published by Simon & Schuster. This book was released on 2020-01-07 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: NOW COMPLETELY UPDATED to reflect the changes in tax legislation, health insurance, and the new investment realities. In this “highly valuable resource” (Publishers Weekly, starred review) Quinn “provides simple, straightforward” (The New York Times) solutions to the universal retirement dilemma—how to make your limited savings last for life—covering mortgages, social security, income investing, annuities, and more! Will you run out of money in your older age? That’s the biggest worry for people newly retired or planning to retire. Fortunately, you don’t have to plan in the dark. Jane Bryant Quinn tells you how to squeeze a higher income from all your assets—including your social security account (get every dollar you’re entitled to), a pension (discover whether a lump sum or a lifetime monthly income will pay you more), your home equity (sell, rent, or take a reverse mortgage?), savings (how to use them safely to raise your monthly income), retirement accounts (invest the money for growth in ways that let you sleep at night), and—critically—how much of your savings you can afford to spend every year without running out. There are easy ways to figure all this out. Who knew? Quinn also shows you how to evaluate your real risks. If you stick with super-safe investment choices, your money might not last and your lifestyle might erode. The same might be true if you rely on traditional income investments. Quinn rethinks the meaning of “income investing,” by combining reliable cash flow during the early years of your retirement with low-risk growth investments, to provide extra money for your later years. Odds are, you’ll live longer than you might imagine, meaning that your savings will stretch for many more years than you might have planned for. With the help of this book, you can turn those retirement funds into a “homemade” paycheck that will last for life.
