Retirement Books

Book SynopsisOne of the “few great investment books” (Andrew Tobias) ever written, with 2 million copies in printTrade Review"Talk to 10 money experts and you’re likely to hear 10 recommendations for Burton Malkiel’s classic investing book." -- The Wall Street Journal"A Random Walk has set thousands of investors on a straight path since it was first published in 1973. Even if you read the book then or more recently, a refresher course is probably in order.… A lucid mix of the theoretical and the pragmatic." -- Chicago Tribune"Not more than half a dozen really good books about investing have been written in the past fifty years. This one may well belong in the classics category." -- Forbes"Do you want to do well in the stock market? Here’s the best advice. Scrape together a few bucks and buy Burton Malkiel’s book. Then take what’s left and put it in an index fund." -- The Los Angeles Times

Read more less

Book Synopsis'The book you hold in your hands is the distillate of a quarter century's teaching. It is my attempt to answer, "What next?" for students who are embarking on their "second act".' - Julia Cameron Julia Cameron has inspired millions with her bestseller on creativity, The Artist's Way. In The Artist's Way for Retirement, she turns her eye to a segment of the population that, ironically, while they have more time to be creative, are often reluctant or intimidated by the creative process. Cameron shows readers that retirement can, in fact, be the most rich, fulfilling and creative time of our lives. When we retire, the newfound freedom can be quite exciting, but also daunting. Julia guides readers through a 12-week course aimed at defining and creating the life you want to have. This book includes simple tools that will guide and inspire you to make the most of this time in your life, and includes exercises such as: Memoir writing - an opportunity to reflect on and honour past experiences. Morning Pages - a tool to empty your mind and get focus and clarity for the day at hand. Artist Dates - fun days out to discover new passions and interests, and to enjoy something new and different. Solo Walks - peaceful time alone to refresh the mind, relax the body and gain new energy and insights. This fun, gentle, step-by-step process will help you explore your dreams, wishes and desires - and help you quickly find that it's never too late to discover creativity and meaning.

Read more less

Book SynopsisFully revised and updated second edition. This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement.Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including:Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more.These topics are explained with the help of specialists in each subject. And everything is based on the science of investing evidenced with studies from peer-reviewed journals.Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Don''t enter your retirement without it.

Read more less

Book SynopsisApproaching retirement and frustrated with her job, Siobhan Daniels made a BIG decision: to start living life on her own terms. Rather than hiding from life’s challenges, she bought a motorhome and drove off to find them.Retirement Rebel is Siobhan’s honest and uplifting story of how one woman stepped off the merry-go-round of life, slowed down and started enjoying the journey. Of how she sold up, packed up and hit the roads of the UK with no real plan, embarking on a positive-ageing adventure and hoping to inspire women across the country with her message that retirement could actually be the start of life’s adventures. With no shortage of mishaps and hardships along the way – not least being commanded to ‘stay at home’ during the Covid lockdowns, despite always being at home wherever she was – Siobhan’s story can inspire us all. Her message is that we can make simple lifestyle changes to feel happier and more fulfilled. Because at the end of the day, age shouldn’t be a barrier to having an adventure.Table of Contents1 Bereavement2 Taking on the World3 The London Marathon, Yorkshire Three Peaks and Malawi4 This is Really Happening5 Packing Up6 Dora the Explora7 Getting to Grips with Life on the Road8 Best Friends’ Trip9 Mother and Daughter: Time to Pause and Reflect10 Loch Morlich: My Life-changing Moment11 Stopped in My Tracks12 Go Home?! This is My Home!13 Volunteering on the Farm14 I Was Ready for My Dream to Come True15 What I Have Learnt and What Next

Read more less

Book Synopsis

Read more less

Book SynopsisDive into this hilarious, fully illustrated guide packed with tongue-in-cheek tips to prepare you for an exciting new life chapter - retirement!Attention all retirees! This book is the essential guide to navigating life beyond the nine-to-five. Your freedom begins here and you''re going to need all the advice you can get on how to while away the hours, make cool new friends, and avoid total boredom!Retirement is an exciting time, but you probably have a lot of questions too. For instance, how long can I lie in bed before I''m officially classed as lazy, and what the heck do I do with all my free time now? Whatever questions you might have, this book is the ticket to a remarkably good retirement.Charmingly illustrated by Ian Baker, How to Survive Retirement is packed with tongue-in-cheek advice that will have you chuckling from page to page. So, wherever your retired years lead you, this book is your reminder to laugh, embrace your new life, and enjoy the ride!

Read more less

Book SynopsisThe future is ours - let's enjoy it! This hilarious fully illustrated book will help ease you into this strange and perplexing new stage of your life.After all those years of routine you're suddenly free! You're bound to be a bit nervous - it is your first time. No more being bossed about - well, apart from by your other half, of course. No more getting up at the crack of dawn to go to work - though at your age you may have to get up at the crack of dawn anyway to use the loo. No more wage slavery - er, no more wages...But it's going to be fine, because you can now do what you want to do - within reason, naturally. Within these pages you'll discover:- What your new job as "retiree" involves, the hours (all of them) and the pay (let's face it, if anyone advertised a job with this salary, no one would take it)- Conversations you will no longer have to have- Things you no longer have to feel guilty about- Pursuits for bored retirees- Truths that will slowly dawn on you- Ways to supplement your pension...and all the other perks (and niggles) that come with your new position (and no, we don't mean "horizontal on the sofa").

Read more less

Book Synopsis

Read more less

Book SynopsisIf you don't plan on working hard all your life...this book is for you. If you're ready to retire (or want to retire early enough to enjoy your retirement years) you can learn from Robert's story of how he and his wife Kim started with nothing and 'retired'--financially free--in less than 10 years. This book makes the case for how a context shift in the way we think about money and investing allows us to see opportunities others miss and create the life you deserve.

Read more less

Book SynopsisFrom TikTok star and Your (favourite) Rich BFF Vivian Tu, the definitive book on personal finance for a new generation Building on the lessons she learned on Wall Street about money and the markets, Vivian Tu now offers her best personal finance tips and tricks to readers of all ages and demographics, so that anyone can get rich, whether you grew up knowing the rules to the game or not. Vivian will be your mentor, dispensing fresh, no-BS advice on how to think like a rich person and create smart money habits, breaking down her best recommendations to help you: Maximize your earnings to get more out of your 9-to-5 Understand the differences between savings accounts, and where you should keep your money Identify the tax strategies and (legal) loopholes you need to retire in style Overcome investing fears to secure wealth for generations Trade ReviewI wish this book existed when I was coming up and making money for the first time, because Vivian shows us how to make our finances WORK for us! So proud to see my fellow Asian girly teach us all how to be Rich AF! -- Bretman Rock, social media phenomenon and bestselling authorI can’t get enough of ‘Your Rich BFF’ on social media. Vivian’s book, Rich AF, is as smart, funny, and forthright as her videos, but there are more of her stories to enjoy as she imparts valuable lessons and breaks down complicated financial concepts in a way that will keep you chuckling as you read. -- Lisa Ling, award-winning journalist and CBS News reporter'If you’ve ever felt like the world of finance wasn’t for you, Vivian will show you that no matter who you are, it’s never too late to pull up your seat at the table. Rich AF proves that finance is for everyone!' -- Karamo Brown, author, actor, and Queer Eye culture expert'In Rich AF, Vivian’s passion for financial literacy and desire to help others shines through. This is an excellent roadmap for those who want to learn how to make the most of their money.' -- Alexa von Tobel, CFP®, author of Financially Forward and founder of Inspired CapitalA spry crash course for how young people can build wealth * Publishers Weekly *This book will appeal to everyone who deals with money, especially younger readers who are starting their career journeys and looking to build financial strategies of their own. * Booklist *

Read more less

Book SynopsisYour Personal Roadmap to a Meaningful and Happy RetirementSo you’ve reached your retirement age and are at risk of becoming a “couch potato”. It doesn’t have to be that way. Uncover the joy of retirement and learn how to make the most of it with this life-enhancing retirement gift book.Did you just set up a permanent out of office reply? Are you officially signed up for the Ferris Bueller phase of your life? Learn how to enter what can be the most satisfying life stage—a new world of happy retirement and good living.Wisdom and advice from real retirees. From the award-winning author of Purposeful Retirement and celebrated “Father of Time Management,” Hyrum Smith, this retirement gift book for the newly retired provides inspiration and a newfound purpose. Filled with wisdom, advice from real retirees, and enthusiasm, you are encouraged to discover your true passion, re-imagine your life, and try new possibilities.Realize the hidden magic of a happy retirement: Move on from your world of work Discover your true passions Re-imagine your life Retirement is a gift. Make yours one that is meaningful and filled with curiosity, new experiences, and discovery—after all, if you don’t look around once in a while, you could miss it!If you enjoyed life-changing books such as The Total Money Makeover, The Ultimate Retirement Guide for 50+, or Keys to a Successful Retirement, then you’ll love Living a Purposeful Retirement.

Read more less

Book SynopsisIt's time to celebrate the end of an era - and the start of a whole new one! Ah, retirement - from here on out it's all lazy lie-ins, pleasant afternoons in the garden (or the garden centre), long lunches with friends and evenings spent in a comfy chair in front of the fire, right? Wrong! Welcome to a world where you're halfway to the office before you realize you don't work there any more, you somehow seem to have even less free time than before to do all the things you need to do, and suddenly daytime TV seems a whole lot more appealing than it ever used to... This indispensable handbook, packed with amusing illustrations, is here to guide you through the pleasures and pitfalls of being retired. Most importantly, though, it'll teach you how to how to make sure you always get a decent afternoon nap. This book is perfect gift for retirees, offering tongue-in-cheek advice on how to make the most of their new-found freedom.

Read more less

Book SynopsisTrade Review"[Nations] has studied the math and history of market volatility, and his new book focuses on the psychology that drives it. ... The Anxious Investor weaves the latest behavioral finance studies into an engaging narrative history. ... Investors might do well to review the lessons shared in Mr. Nations’s book—and to try to conquer the anxiety that volatility can create even for the most seasoned and thoughtful financiers." — Wall Street Journal "I often say that fear, greed, hope, and ignorance are the four horsemen of the investment apocalypse, and note, only one is not an emotion. Emotional decisions may be made in the heat of a market meltdown, but also when markets are seemingly going to the moon. In The Anxious Investor, Scott Nations offers a close look at why these emotions are so destructive to your investment goals and offers a checklist of these emotional biases to help the reader understand and avoid them. The next time the market gets crazy, having this book by your side may help you overcome those four horsemen and stick with your long-term objectives." — JIM O'SHAUGHNESSY, New York Times Bestselling Author of What Works on Wall Street “Financial instruments and technology have evolved since the first market bubble in 1720, but across three-hundred years of manias and panics one aspect of markets remains unchanged: human nature. Through fascinating case studies, Scott Nations reveals why investors repeatedly succumb to the same behavioral shortcomings, and how to avoid them when times get tough. Nations’ entertaining and educational style makes this book accessible for all investors interested in the psychology of markets.” — JAMIE CATHERWOOD, "The Finance History Guy" "It's been remarked that if you don't know who you are, the stock market is an expensive place to find out. With his new book, Scott Nations explains why mastering your own mental state is the most critical variable of all." — JOSHUA BROWN, CEO of Ritholtz Wealth Management and CNBC Contributor "Nations’s advice is grounded and practical, and the wealth of research backing it will leave readers feeling like they’re in good hands. New and seasoned investors alike will find this worth a look." — Publishers Weekly

Read more less

Book SynopsisFrom Wes Moss--named by Barron's as one of America's top financial advisors"The keys that Wes Moss identifies to having a happyretirement are simple but brilliant. Read this book." -- Clark Howard, #1 New York Times bestselling author of Living Large in Lean TimesâœFinancial planner Wes Moss offers you something different â not just a plan to retire, but a way to do it sooner and to be happy when you do." â Atlanta Journal Constitution If you think you need to win the lottery or work until youâre 75 to retire with financial stability, Money Matters host Wes Moss has very good news for you. You Can Retire Sooner Than You Think reveals the secrets for ensuring a successful retirementâsooner rather than later.After conducting an intensive study of happy retirees to learn the financial practices they hold in common, Moss discovered that it doesn't take financial genius, millions of dollars, or sophisticated investmeTable of ContentsForeword by Clark HowardxiiiPreface : Does Money Buy Happiness ? xvIntroduction : How to Read This Book xxiAcknowledgmentsxxvPart OneThe Happy Retiree BasicsChapter 1 Who Are the Happy Retirees,and What Makes Them Happy? 3Chapter 2 What Makes Retirees Unhappy—andHow Can You Avoid It? 15Chapter 3 Can I Really Retire Sooner Than I Think? 29Part TwoThe 5 Money Secretsof Happy RetireesChapter 4 Secret #1 51Determine What You Want and NeedYour Retirement Money ForChapter 5 Secret #2 73Figure Out How Much Money You Needto Save Before You RetireChapter 6 Secret #3 97Pay Off Your Mortgage in as Little asFive YearsChapter 7 Secret #4 115Develop an Income Stream from Threeor Four Sources, Not Just OneChapter 8 Secret #5 139Become an Income InvestorPart ThreeMinimizing Risk inYour Investment PortfolioChapter 9 How Risky Can You Be? 163Come Up with the Right Mix of Stocks,Bonds, Real Estate, and CashChapter 10 Avoid the Major Pitfalls of Investing 195Part FourEnjoying the Rest of Your LifeChapter 11 Hobbies, Recreation, Vacations,and So Much More 219Appendix A 18 Traits of the Happiest Retirees 235Appendix B Recommended Reading 243Appendix C Chart Labeling 245Happy Versus Unhappy and H1, H2,H3, H4, and H5Notes247Index 249Moss

Read more less

Table of ContentsIntroduction ; Section 1: Should I Stay or Should I Go? ; Chapter 1: If I'm a Good Doctor, Why Do I Want to Do Something Else? ; Chapter 2: The Metamorphosis of Medicine and How it Affects You. ; Chapter 3: Is it OK if I Leave Medicine? ; Chapter 4: The Vision: What Do I Want to Do Next? ; Section 2: The Facts ; Chapter 5: What Else Am I Going to Do Anyways? A World of Opportunities. ; Chapter 6: Numbers: The Taboo Nobody Wants to Talk About. ShhhEL It's All in Here. ; Section 3: The Road Map - Finally. ; Chapter 7: Getting the Right Job. ; Chapter 8: The Physician Entrepreneur. ; Chapter 9: Accepting the Job: Before and After. ; Chapter 10: You Will Always Be a Doctor. ; References

Read more less

Book SynopsisIn 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.Trade ReviewRescuing Retirement is an explicit call to action aimed directly at those with the greatest stake in the problem-the millions of workers, employers, and policy makers whose lives will be affected by the actions (or inaction) of today's stakeholders. -- Stephanie Kelton, University of Missouri-Kansas CityTable of ContentsForeword, by Timothy GeithnerAcknowledgments1. Society’s Retirement Crisis2. How We Got Here: America’s Broken Retirement System3. Six Key Problems: The Consequences of a Broken Retirement System4. Rescuing Retirement: A Four-Pronged Solution5. Case Studies: Similar Plans in Action6. Why Not Just Expand Social Security?: Americans Need a Universal Pension System 7. Growing Support from the American People and a Mandate for Congress8. The Employer's Stake in Retirement Reform 9. ConclusionQuestions and Answers on the Guaranteed Retirement AccountAppendix A: The Cost of a Principal Protection GuaranteeAppendix B: GRAs Versus Other Policy SolutionsAppendix C: Looking at Retirement Coverage Across the CountryNotesBibliographyIndex

Read more less

Book SynopsisIn 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.Trade ReviewFinally, a practical plan to address Americans’ lack of adequate retirement savings. This silent crisis, if not solved, will slow growth, challenge budgets, and hurt households across the United States. Teresa Ghilarducci and Tony James are proposing a smarter, more cost-effective way of securing the retirements of all Americans. This plan is critical to warding off a looming retirement savings crisis. -- Michael BloombergRescuing Retirement presents a thoughtful and compelling view of how the current retirement system is failing our people—and offers a thought-provoking, pragmatic approach to substantially enhancing retirement security for every American. -- Robert Rubin, seventieth U.S. Secretary of the TreasuryRescuing Retirement is an explicit call to action aimed directly at those with the greatest stake in the problem—the millions of workers, employers, and policy makers whose lives will be affected by the actions (or inaction) of today’s stakeholders. -- Stephanie Kelton, author of The Deficit Myth: Modern Monetary Theory and the Birth of the People’s EconomyGhilarducci and James aim to eliminate the retirement savings gap for those earning under $100,000 through affordable, low-fee, mandatory accounts with automatic annuitization. The pairing of an expert retirement economist and a financial hotshot has produced an innovative approach to this critical policy challenge. We need every idea we can get! -- Alicia Munnell, director, Center for Retirement Research, Boston CollegeIn the face of a daunting national crisis, Tony James and Teresa Ghilarducci have proposed a practical bipartisan solution that deserves the attention of business leaders, policy makers, and legislators. -- Jim Sinegal, cofounder and former CEO of CostcoRetiring with dignity shouldn’t be out of reach for so many Americans. Tony James and Teresa Ghilarducci’s plan is a bold and innovative fix to our broken retirement system. -- Chris Nassetta, president and CEO of Hilton WorldwideAll workers should have the same retirement security and peace of mind that teachers, police officers, firefighters, and other public employees have earned and have fought hard to maintain. Ghilarducci and James's plan for universal, prefunded, secure-for-life pensions—supplements to Social Security—is a great exemplar of how to achieve a secure retirement. -- Randi Weingarten, president, American Federation of TeachersGhilarducci and James never slip into wonk-speak or jargon, and lay readers will appreciate the way the authors make sense of complex economic issues. * Publishers Weekly *The argument is clearly made and succinctly presented. Highly recommended. * Choice *For more than three decades, the economist Teresa Ghilarducci, who specializes in retirement economics and policy, has documented this disaster for working people and the crisis it has precipitated, most recently in Rescuing Retirement. -- Caitlin Zaloom * New York Review of Books *Table of ContentsForeword, by Timothy GeithnerAcknowledgments1. Society’s Retirement Crisis2. How We Got Here: America’s Broken Retirement System3. Six Key Problems: The Consequences of a Broken Retirement System4. Rescuing Retirement: A Four-Pronged Solution5. Case Studies: Similar Plans in Action6. Why Not Just Expand Social Security?: Americans Need a Universal Pension System 7. Growing Support from the American People and a Mandate for Congress8. The Employer's Stake in Retirement Reform 9. ConclusionQuestions and Answers on the Guaranteed Retirement AccountAppendix A: The Cost of a Principal Protection GuaranteeAppendix B: GRAs Versus Other Policy SolutionsAppendix C: Looking at Retirement Coverage Across the CountryNotesBibliographyIndex

Read more less

Book Synopsis''An engaging, timely exploration of how to bring more wisdom into our work lives'' Adam Grant, New York Times bestselling author of Originals''This is exactly what we need right now!'' Brené BrownDo you want to reinvent the second half of your career?------------------------------------------------------------Chip Conley ignites a bold, urgent conversation about age and ageism in the workplace, He liberates the term ''elder'' from the stigma of ''elderly'', and reveals the value of wisdom that can only be accrued through years on the planet. Wisdom at Work will teach you how to be indispensable in the second half of your working life.''Anyone feeling jaded, jejune or just plain past it at work can read this book in a morning and feel revived'' The Financial TimesTrade ReviewAs more people live in good health for longer they are asking themselves what they should do with this new stage of life. In this marvellous book Chip Conley gives them a great answer - rewire don't retire. The Modern Elder is about combining a youthfulness in later life with the maturity and wisdom of experience * Andrew Scott, co-author of The 100 Year Life *This is ultimately a book about how we can develop deeper connections, disrupt how we think about teaching and learning, and make more meaningful contributions in our lives and our careers. With stories, questions, and strategies, Chip shares his heart and wisdom on every page. This is exactly what we need right now! -- Brené Brown * Ph.D., LMSW, Author of the #1 New York Times Bestseller, Braving the Wilderness *An engaging, timely exploration of how to bring more wisdom into our work lives. Chip Conley has lived it, and here he teaches you what it takes to find more of it -- Adam Grant * New York Times bestselling author of Originals, Give and Take, and Option B with Sheryl Sandberg *I love the idea that society needs more Modern Elders who offer generosity without an agenda. Chip Conley's articulation of the growing need of wisdom and emotional intelligence in a world obsessed with speed and digital intelligence is spot-on! Every young company could use some "wisdom insurance" -- Marshall Goldsmith * Thinkers 50 World’s #1 Executive Coach, #6 Most Influential Business Thinker 2017 *Wisdom at Work beautifully illustrates the opportunity that each of us has to embark on an encore career. Bravo to Chip Conley for writing this timely and inspiring book. Having begun my third chapter at the age of 60, I can attest that this is the most productive and rewarding time of my life. Applying one's knowledge and passion in the service of missions larger than ourselves is the greatest gift of being a Perennial -- Sherry Lansing * Founder & CEO, the Sherry Lansing Foundation, Former Chairman & CEO, Paramount Pictures *In an era in which a brilliant idea or even gut instinct seems to be celebrated as success, Chip Conley's book is a great reminder that wisdom, including analysis, hard work, patience and the like, is still essential -- Arne Sorenson * President and CEO, Marriott International *Being smart comes from studying or understanding complex things, yet wisdom is something deeper. We don't become wise simply because we get old; wisdom is something we must actively cultivate in order to accumulate. Every one of us should learn what it takes to gain wisdom, and Chip Conley is wise to give us the guide for our journey -- Simon Sinek * optimist and bestselling author of Start With Why and Leaders Eat Last *Anyone feeling jaded, jejune or just plain past it at work can read this book in a morning and feel revived -- Financial Times * Business books of the month *Chip Conley will be your guide in learning how to cultivate a beginner's mind...and be the sage counselor * Brian Chesky, cofounder and CEO, Airbnb *

Read more less

Book SynopsisNationally known personal finance expert Terry Savage helps you answer the most important retirement questions During a time when looking to the future is more important than ever, author Terry Savage offers street smart advice for the many soon-to-be retirees wondering how much longer they will have to work to make up for the losses in their retirement accounts. The New Savage Number provides the strategic guidance and hands-on techniques necessary to plan a successful, satisfying retirement. Throughout the book, Savage helps you figure out how much money you need to retire-your savage number-and how to invest to reach that goal. Then, as retirement looms, she guides you through the process of planning withdrawals so the money lasts your entire lifetime. In between, Savage offers practical advice on everything from getting personal finances organized to insuring retirement plans against the disastrous need for long-term care. An informative, engaging book that Table of ContentsPreface to New Edition. Introduction: Can You Retire? Part 1 Retro-Retirement. 1 The Savage Number. Shaping Retirement Reality. Avoiding Generation Warfare. Hoping for a Miracle? You're Not Alone. The Likely Solution: Retro-Retirement. The Starting Point. 2 Time Is Money. Consuming Time and Money. Running Out of Time. What's Your Time Worth? The Time Value of Money. How to Avoid Wasting Time (and Money). 3 The 10 Key Questions. How Long Will I Live? What Will Inflation Do to the Value of My Savings? How Can I Save Enough? How Should I Invest the Money I've Saved for Retirement? How Much Will I Spend to Live in Retirement? How Much Can I Withdraw Each Month without Running Out of Money? What's the Biggest Danger to My Retirement Plans? How Can I Earn Money during Retirement? How Can I Retain Control of My Financial Life? What If I Have Money Left Over When I Die? Getting the Answers. Getting Your “Ballpark Estimate”. Part 2 Monte Carlo Your Money. 4 The Savage Answer: Monte Carlo Modeling. Monte Carlo Modeling—How It Works. Beware of Averages. Monte Carlo Modeling and Retirement Planning. Monte Carlo and You . Do-it-Yourself Monte Carlo. 5 Saving Up, Drawing Down. Accumulation Phase. Withdrawal Phase. The Right Balance. Seven Best Ways to Save for Retirement. 6 Getting It All Together. Online, On Paper, On Your Computer. Free Online Money Management. The Basics: Paying Bills Online. Organizing Your Online Financial Life. A Credit Check-up. Portfolio Tracking. Moving beyond Tracking—To Advice. Resources for Getting It Together. 7 A Road Map to Monte Carlo. The Best Routes. Arriving in Monte Carlo. Choosing a Financial Adviser. Part 3 Investing for Retirement. 8 Stocks, Bonds, and Chicken Money. Realistic Stock Market Expectations. Understanding Bonds. Keep Your Nest Eggs Safe with Chicken Money. A Minute on Mutual Funds. Resources for Stocks, Bonds, and Chicken Money. 9 Beyond the Basics. Exchange-Traded Funds. Real Estate Investment Trusts. Gold and Natural Resources. Options. Futures. The U.S. Dollar. Hedge Funds. Resources for Investing. 10 One-Step Retirement Investing. Buying the “Whole” Market. Retirement Investing Made Easy: Targeted Retirement Funds. Starting Small—No Excuses! Make the Call. Part 4 Streams of Retirement Income. 11 Where Will the Money Come From? The Balancing Act: Income versus Principal. Gainful Employment in Retirement. Withdrawals from Retirement Accounts. Generating Income from Your Portfolio. Income Resources. 12 Annuities for Income and Tax-Deferred Growth. Immediate Annuities. Tax-Deferred Annuities. The Latest Annuity Products. Tax-Deferred Annuity Withdrawals. Tax-Deferred Annuity Exchanges Your IRA Inside an Annuity? Annuities: The Real Risk Factor. Annuity Information and Pricing/Insurance Company Safety Ratings. 13 Social Security and Medicare. Social In-Security. Medicare. A Final Thought about Social Security and Medicare. Government Benefit Resources. 14 How to Turn Your Home into Your Pension. Reverse Mortgages. More Income from Your House Using Trusts. Reverse Mortgage Resources. Part 5 Long-Term Care: The Greatest Risk of All. 15 Long-Term Care Insurance: Who Needs It? The Government’s Role in Long-Term Care. Insurance for Your Retirement. Our Parents, Ourselves. Long-Term Care Insurance: A Woman’s Issue. What If You Don’t Use It? Long-Term Care—The Facts. 16 How to Understand Long-Term Care Coverage. Rising Demand, Soaring Costs. When to Buy? While You Can! How Do I Use My Policy? What Should My Long-Term Care Policy Cover? Key Elements of a Long-Term Care Insurance Policy. 17 Buying Your Long-Term Care Policy. Which Insurance Company Should You Choose? What Should It Cost? 10-Pay: Controlling Price Risk. Long-Term Care Policies and Income Taxes. Paying for Long-Term Care with Life Insurance and Annuities. Employee Group Long-Term Care Policies. The Federal Long-Term Care Insurance Program. Long-Term Care Insurance from Affinity Programs. A Final Argument: The Cost of Not Having. Long-Term Care Insurance. Resources for Purchasing Long-Term Care Insurance. Part 6 Estate Planning: The Price of Success 18 What’s Left? What Could Happen? What Is Your Estate? What Are Estate Taxes? What Is Probate? What Is a Revocable Living Trust? Health-Care Power of Attorney. Durable Power of Attorney. Living Will. Naming Retirement Plan Beneficiaries. What Else Should You Consider? Moving Assets Out of Your Estate. Life Insurance and Your Estate. Spouses and Estate Planning. Choosing an Estate Planner. Estate Planning Checklist. Conclusion. Acknowledgments. Index.

Read more less

Book SynopsisInvestors, shell-shocked by the Great Recession of 2008-2009, are looking for answers, for something fresher than the old ''buy-and-hold'' mantra. They hunger for stability, yet yearn for growth to rejuvenate their battered portfolios. Ray Lucia''s The Buckets of Money Retirement Solution: The Ultimate Guide to Income for Life provides just thata reassuring and scientifically proven strategy that gives investors both growth and income. Lucia, a Certified Financial Planner who''s helped thousands of people invest more than $2 billion, explains how to spend down ''safe'' buckets (containing, for example, Treasuries, CDs, bonds), while leaving a riskier bucket (real estate, stocks and alternative investments) to grow long-term. This strategy shields investors from the short-term ups and downs of the market. And it gives them the courage and discipline to stay invested no matter what the future holds. Written in a breezy, accessible style and loaded with tons of exTable of ContentsForeword by Ben Stein xi Acknowledgments xv Introduction xvii Part I Regain Your Balance Chapter 1 Adapt to the Changing Landscape 3 The End of Easy 3 The Lessons 9 A Final Word 10 Chapter 2 Prepare for Whatever the Future Holds 11 Rebuild Your Savings 12 Rethink Your Retirement Years 17 Retool Your Retirement Savings Plans 23 Reinvent Your Strategy 26 A Final Word 28 Part II Forge a New Plan Chapter 3 Grasp the Buckets of Money Concept 33 Put Time on Your Side 34 Other Risks 35 Wall Street’s Answer 38 Flawed Analyses 40 Main Street’s Myopia 41 “Reverse Dollar-Cost Averaging” 42 Proper Allocation 44 Proper Location 45 A Final Word 47 Chapter 4 Choose the Proper Investments 49 Bucket 1: The Income Bucket 49 Bucket 2: The Relative Safety Bucket, Mid-term Investments 58 Bucket 3: The Growth Bucket, Long-Term Investments 68 A Final Word 76 Chapter 5 Execute the Buckets of Money Strategy 77 First, Check Goals 77 Art and Science 78 Filling the Buckets 79 Bucket 1 80 Bucket 3A 81 Planning for Inflation 82 Bucket 3B 83 The Bottom Line 85 The Fate of the Heirs 85 Another Scenario 86 How Much Risk? 87 How to Allocate 88 The Importance of Bucketizing Now 89 A Final Word 90 Part III Refine the Plan Chapter 6 Take Another Look at Annuities 93 What’s an Annuity? 93 Predicting the Future 102 Good Evidence 102 What Academia Says 103 Recovery Strategy 104 Risks and Opportunities 105 A Final Word 106 Chapter 7 See What REITs Can Do for You 109 What Exactly Is a REIT? 110 Combining the Best Features 110 Public versus Nontraded REITs 113 Another Advantage 114 The Lowdown on Loads 116 Are All REITs Low-Leveraged? 118 What Kinds of Properties Are Best? 120 Differs from Homes 124 The Role of REITs in a Portfolio 124 What Should You Look For? 125 Getting Help 128 My Personal Bias 129 A Final Word 131 Chapter 8 Play It Smart When It Comes to Personally Owned Real Estate 133 Your Home and Your Future 133 Buying Other Real Estate 147 A Final Word 153 Chapter 9 Give Uncle Sam His Fair Share—But No More 155 Tax-Free Municipal Bonds 156 Tax Management of Stock Portfolios 157 Real Estate 157 Roth Conversion 159 Incorporating Your Business 162 Tax-Credit Investing 164 Choosing Smart Location of Assets 166 A Final Word 168 Part IV Live Happily Ever After Chapter 10 Craft a Workable Withdrawal Strategy 173 Beware of Averages 174 Pitfalls Abound 176 Getting Set Up 177 Drawing Down Your Total Retirement Resources 179 Keeping Taxes Low 183 A Few More Thoughts about Stocks 187 A Final Word 191 Epilogue Keep Your Eye on Enjoyment 193 About the Authors 197 Recommended Resources 199 Index 203

Read more less

Book SynopsisThe definitive guide for anyone dreaming of living in paradise when they retire. Whether motivated by a desire for adventure, or the need to make the most of a diminished nest egg, more and more Americans are considering an overseas retirement. Drawing on her more than three decades of experience helping people relocate happily and successfully, Kathleen Peddicord shows how living in an unconventional retirement destination can cost less than a traditional home in Florida or Arizona. Peddicord addresses all of the essential issues, including: • Finding a home to own or rent• Researching and understanding your tax liability• Obtaining health insurance and medical care• Avoiding common mistakes and pitfalls• Opening a bank account Whether readers are interested in relatively unknown havens like Nicaragua, well-traveled areas in Italy, or need some help deciding, How to Retire Overseas is the u

Read more less

Book SynopsisDesign your dream retirement with this life-changing workbook for the newly retired.Entering retirement is exciting, but all the new possibilities can be daunting. What will you do all day? Where should you live? How will you make your money last? Will you be happy? In My Retirement, My Way, Certified Professional Retirement Coach Veronica McCain helps you dig deep to plan for a successful, fulfilling retirement. Create your own, unique roadmap to retirement with guided exercises that encourage you to examine your values, define success, discover or rediscover passions, find meaning, set goals, and ultimately decide what will make you happy in your second act. Explore innovative advice for living your best retirement life with tips on finances, relationships, health, and more. Discover how other new retirees created their ideal retirements and avoided common pitfalls. Find everything you need to make s

Read more less

Book SynopsisLearn to take control of your finances and your retirement with this one-stopAustralianfinancial planningbible Have you ever wondered if you have enough money to make it through retirement?The No-Regrets Retirement Guide: How to Live Well, Invest Wisely and Make Your Money Lastprovides readers witha definitive answer to that question, as well as many othersyou may have always wanted to ask.Qualifiedfinancial planner and author Patricia Howardoffers no-nonsenseguidanceon what it takes to get you to, and through, retirement.You'll learn how to: Develop a positive and productive mindset as you enter retirement Take control of your finances, regardless of how much money you make or have Learn how to live on invested income rather than earned income Understand and learn to avoid the biggest pitfalls people commonly encounter as they approach retirement Perfect for people entering or already in retirement,The No

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisNew York Times bestselling author Steve Lopez explores the meaning of work and how it defines us as he examines the true nature of a person’s time, identity, and ultimate life satisfaction.Trade Review'I recommend this book to anybody. Not just a bunch of 67-year-olds.' * Duff McDonald, The Tickle Yourself Podcast: Retirement and the Present Moment *'Steve Lopez has written a wise, witty and wonderful book on the question of retirement -- something I'll never do unless I'm forced to by the comedy authorities. However, unlike me, if you're considering it, READ THIS BOOK!' * Mel Brooks, actor, comedian, and filmmaker *'Hugely entertaining and informative, personal and universal, fun and funny, wise and beautifully written, 'Independence Day' is essential reading for anyone contemplating -- or not contemplating -- retirement. It's about why we work and how we live and all that does and does not change as we age.' * Dr. Louise Aronson, geriatrician, author of NYT-bestselling book “Elderhood: Redefining Aging, Transforming Medicine, Reimagining Life,” a Pulitzer Prize finalist *'In Independence Day, Steve Lopez offers us a master class in decision making. To a brilliant storyteller like Steve, a dry list of pros and cons simply won't suffice. Instead his personal quest becomes a journey of wisdom and soul-searching for us all. This is not only a book for anyone contemplating retirement, it is a book for all of us seeking the courage to make a change with insight and grace.' * Rabbi Naomi Levy, author of Einstein and the Rabbi, founder of Nashuva *'Steve Lopez is a national treasure. He tackles the question of retirement with the humility, wit and lacerating insight that long ago made him America's best newspaper columnist. This is a smorgasbord of characters, incidents, and ideas, charming, funny, and often quite moving. It will make you think. It is an essential guide for all of us in life's gun lap, deciding whether to speed up, slow down, or wander happily off the track to trace patterns in the clouds.' * Mark Bowden, contributing writer for The Atlantic, author of Black Hawk Down and Killing Pablo *'Steve Lopez is insightful, ingenious, and often hilarious as he navigates one of life's biggest questions. Independence Day should be read by every boomer on the same path and wondering what comes next.' * Michael Connelly, New York Times bestselling author of The Dark Hours *'This is a work full of meaning for everyone measuring the days until they put down the tools of whatever trade they ply and walk off into the last quarter of life. It's proof that Steve Lopez should keep working because he's really good at what he does.' * Mike Barnicle, Morning Joe Contributor and former Boston Globe columnist *

Read more less

Book SynopsisSteve Lopez is insightful, ingenious, and often hilarious as he navigates one of life''s biggest questions. --Michael Connelly, #1 New York Times bestselling author of The Dark HoursFour-time Pulitzer Prize finalist and longtime Los Angeles Times columnist Steve Lopez explores the meaning of work and how it defines us in this captivating book that combines memoir, investigatory interviews, and practical application.Grappling with his own decision of whether to retire, Lopez uses his reporter skills not only to look inward but also to interview experts and peers to collect a variety of perspectives as he examines the true nature of a person’s time, identity, and ultimate life satisfaction.In Independence Day, Lopez talks to those who have chosen to extend their working life to its (il)logical extreme--people like Mel Brooks, still working at 94--those who have happily retired and reinventTrade Review'Hugely entertaining and informative, personal and universal, fun and funny, wise and beautifully written, 'Independence Day' is essential reading for anyone contemplating -- or not contemplating -- retirement. It's about why we work and how we live and all that does and does not change as we age.' * Dr. Louise Aronson, geriatrician, author of NYT-bestselling book “Elderhood: Redefining Aging, Transforming Medicine, Reimagining Life,” a Pulitzer Prize finalist *'I recommend this book to anybody. Not just a bunch of 67-year-olds.' * Duff McDonald, The Tickle Yourself Podcast: Retirement and the Present Moment *'In Independence Day, Steve Lopez offers us a master class in decision making. To a brilliant storyteller like Steve, a dry list of pros and cons simply won't suffice. Instead his personal quest becomes a journey of wisdom and soul-searching for us all. This is not only a book for anyone contemplating retirement, it is a book for all of us seeking the courage to make a change with insight and grace.' * Rabbi Naomi Levy, author of Einstein and the Rabbi, founder of Nashuva *'Steve Lopez has written a wise, witty and wonderful book on the question of retirement -- something I'll never do unless I'm forced to by the comedy authorities. However, unlike me, if you're considering it, READ THIS BOOK!' * Mel Brooks, actor, comedian, and filmmaker *'Steve Lopez is a national treasure. He tackles the question of retirement with the humility, wit and lacerating insight that long ago made him America's best newspaper columnist. This is a smorgasbord of characters, incidents, and ideas, charming, funny, and often quite moving. It will make you think. It is an essential guide for all of us in life's gun lap, deciding whether to speed up, slow down, or wander happily off the track to trace patterns in the clouds.' * Mark Bowden, contributing writer for The Atlantic, author of Black Hawk Down and Killing Pablo *'Steve Lopez is insightful, ingenious, and often hilarious as he navigates one of life's biggest questions. Independence Day should be read by every boomer on the same path and wondering what comes next.' * Michael Connelly, New York Times bestselling author of The Dark Hours *'This is a work full of meaning for everyone measuring the days until they put down the tools of whatever trade they ply and walk off into the last quarter of life. It's proof that Steve Lopez should keep working because he's really good at what he does.' * Mike Barnicle, Morning Joe Contributor and former Boston Globe columnist *

Read more less

Book Synopsis As a new manager, you've got your work more than cut out for you: all new skills to learn, different personalities to deal with, and greater responsibilities to fulfill. The New Manager’s Tool Kit arms you with the fast, practical advice you need to:   increase productivity • unlock hidden talent in your people  • work with different types of employees • communicate effectively with your reports • diagnose problems • coach good or problematic employees • turn on teamwork • avoid burnout • eliminate conflict • and even nurture the next generation of managers!   You'll learn how to understand and work with fundamental personal and interpersonal components of your job including attitude, assertiveness, and managing stres

Read more less

Book SynopsisCharles Blahous explains the origins and dangers of current under funding in the US’s single-employer defined-benefit pension system and outlines the options for solving the problem and preventing the next taxpayer-financed bailout. He provides a tutorial on the basic workings of pension law, reviews the recent history that led to the worsening condition of the pension insurance system, and suggests a range of reforms.Table of Contents List of Figures and Tables Acknowledgments Abstract Introduction The Nature of Single-Employer Defined-Benefit Pensions The Nation’s Pension Insurance System: The Condition of the PBGC The Magnitude of Pension Underfunding Nationwide Technical Reasons for Pension Underfunding Pension Plan Assets Pension Plan Liabilities Addressing Underfunding: Statutory Contribution Requirements Other Funding Safeguards Established by the PPA Premiums Recent Developments: Legislation and the Financial Markets’ Plunge Additional Reasons for Underfunding: Structural Issues Facing the PBGC Political Economy Factors Pension Funding Policy Principles: Separating Measurement Accuracy from Value Judgments Can the Hole be Filled? Separating Fairness from Risk Issues Going Forward: General Principles for Pension Insurance System Reform Conclusions and Recommendations Notes Bibliography About the Author Index

Read more less

Book SynopsisYou have spent a few decades working, earning a salary, and saving into company and personal pensions along the way. Now, retirement is approaching.How will you turn your savings into a salary to pay for essentials and and non-essentials in retirement? How will you make sure that you don't run out of money in retirement? What do the UK pension freedoms mean for you?In this one-of-a-kind book, personal finance experts Richard Dyson and Richard Evans answer these questions and equip you with everything you need to know to turn your pension savings into an income that will last throughout your retirement.You will learn:-- How to take control of your pension savings by tracking down all of your pension pots and combining them.-- When you can afford to retire.-- Steps to take to avoid running out of money.-- How to build an income-paying portfolio of fund investments from scratch.-- How to withdraw a sustainable income from your portfolio.-- How annuities work and whether they have a role for you.-- How to make the most of the tax rules.-- The importance of the state pension and how to maximise it.-- When to seek professional advice.This is your complete, step-by-step guide to organising your pension money and making the most out of it to pay yourself a retirement salary. Don't enter retirement without it.

Read more less

Book SynopsisRetire' means to withdraw', to retreat', togive ground', tocease to compete'. In one sense that is true: retirement does involve a leaving of office or employment. Yet retirement is also about new beginnings and new opportunities. In this helpful book, grounded both in personal experience and in extensive research among retired ministers, and rich in quotations from an eclectic range of writers, Paul Beasley-Murray explores how retirement is part of God's rhythm for our lives and provides encouragement and insights for this next stage of the journey. A must-read for lay and ordained Christians alike.''Like all the writings of Paul Beasley-Murray, this refreshing book is thoroughly researched and generously illustrated from personal experience, and never shrinks from reflecting on the shadow side of this period of life.'' David Coffey OBE, Global Ambassador for BMS World Mission and past President of the Baptist World Alliance''An invaluable aid for ministers of religion, in particular

Read more less

Book Synopsis

Read more less

Book Synopsis

Read more less

Book SynopsisRetirement planning isn't something that happens at a specific point in time or at a specific age - we are all affecting our retirement plans every day with every decision we do or don't make.Table of ContentsIntroduction 1 PART 1: STARTING TO PLAN FOR RETIREMENT 5 1. Thinking You Have a Retirement Plan When You Don't 7 2. Being Fooled by Feeling and Looking Younger than You Are 12 3. Not Using Your Common Sense 16 4. Living for Today Rather than Saving for Tomorrow 20 5. Not Paying Attention to What's in All Your Statements 24 6. Not Knowing Where You Stand 29 7. Not Knowing Where Your Money Is Going 33 PART 2: MISTAKES AROUND INVESTING 39 8. Not Knowing How Your Money Is Invested 41 9. Not Knowing How Much Risk You Can Tolerate 48 10. Th inking You'd Rather Be Safe than Sorry 52 11. Putting All Your Eggs in One Basket 57 12. Th inking That Retiring Means You Stop Investing 61 13. Watching Your Investments Too Closely 64 14. Looking for Th at Magic Pill to Boost Your Savings 68 PART 3: MISTAKES AROUND DEBT 73 15. Th inking Th at All Debt Is Created Equal 75 16. Taking Too Long to Pay Off Your Mortgage 82 17. Misuse of Credit Cards 89 PART 4: SAVING FOR RETIREMENT 95 18. Leaving Too Much Free Money on the Table 97 19. Ignoring the Eff ects of Infl ation 102 20. Feeling Th at There' s No Way You Can Ever Save Enough 108 PART 5: PENSIONS 113 21. Overestimating CPP/QPP Pensions 115 22. Th inking You're Entitled to the Maximum Old Age Security (OAS) Pension 122 23. Relying Too Heavily on Your Company Pension 126 24. Making the Wrong Choices with Your Defined Benefi t Pension on Retirement 132 25. Not Considering All the Maturity Options for a Registered Retirement Savings Plan 138 PART 6: LIVING IN RETIREMENT 147 26. Making Too Many Big Changes to Your Life as Soon as You Retire 149 27. Fearing Retirement 154 28. Failing to Talk to Your Partner or Others About Retirement 159 29. Retiring Outside the Country Without First Doing Your Homework 163 30. Downsizing the Family Home Too Late 169 31. Not Doing Some Research Before Starting a Business in Retirement 174 PART 7: SPENDING IN RETIREMENT 179 32. Spending Too Much Money Too Early in Retirement 181 33. Giving Away Too Much Money During Your Life 185 34. Being Afraid to Spend Your Savings 189 PART 8: PAYING TOO MUCH TAX 195 35. Wanting to Keep the Money All to Yourself 197 36. Giving Back Your OAS 205 37. Not Taking Advantage of Tax Gift s Such As the Tax Free Savings Account 210 38. Failing to Plan for U.S. Estate Taxes 215 39. Paying Too Much Tax on Investments 220 PART 9: NEW REALITIES ABOUT RETIREMENT 225 40. Not Being Prepared to Be Single in Retirement 227 41. Believing in Freedom 55 232 42. Believing Th at You Have Only One Retirement Date 236 43. Th inking Retirement Is All About You 241 PART 10: PROTECTION PLANNING 247 44. Not Protecting Your Most Important Asset — You! 249 45. Bad Decisions Around Joint Accounts 254 46. Th inking Your Family Can Automatically Make Decisions for You When You Can't 258 47. Avoiding Estate Planning 262 48. Choosing the Wrong Benefi ciary for Your RRSP, RRIF, or TFSA 267 49. Sharing Too Much Personal and Financial Information 274 PART 11: NOT ASKING FOR HELP 279 50. Not Doing the Math: Mortgage Versus RRSP Versus TFSA 281 51. Wanting to Do It All Yourself 285 52. Substituting a Retirement Calculator for Retirement Advice 292 Acknowledgements 297 About the Author 299 Index 301

Read more less

Book SynopsisA contrarian and controversial look at personal finance, and a super simple strategy for making and keeping more money Traditional financial wisdom persuades us to grow our net worth and build our assets. But traditional financial wisdom is often wrong.Table of ContentsAcknowledgements xii Introduction 1 Cash Is Not King 2 Cash Flow Is King 2 Who Gets Rich Off You 3 It's Not Just Them, It’s Us 3 Want to Get Rich Quick? 3 Back to Basics 4 Chapter 1—The Cash Cow Strategy 5 Cash Cows 5 Cash Pigs 6 Cash Jackpots 7 This Is Not a Philosophy; It's About Cash Flow 8 Cows and Pigs Can Change 8 One Person's Pig May Be Another Person’s Cow 9 Cash Cow, Pig or Jackpot? 9 A House or Condo 10 Gambling 11 Personal Debt 11 Defined Benefit (DB) Pension Plans 12 Canada Pension Plan and Old Age Security 14 Kids 14 A Bigger View: Government Debt 15 Why Don’t People Follow This Basic Strategy? 16 Chapter 2—Taking Care of Your Biggest Cash Cow 17 Your Biggest Cash Cow Is 17 How to Protect Your Biggest Cash Cow 19 Is Your Body Trying to Tell You Something? 19 Are You Eating Well? 20 How Much Exercise Do You Get? 22 How Much Sleep Do You Get? 22 The Value of Hard Work 23 Summing up Healthy Living 24 Chapter 3—Who Wants to Be a Millionaire? 25 What Is "Rich"? 25 Net Worth Is a Lousy Measure of Wealth 25 Mixing Pre-Tax and After-Tax Amounts 26 Ignores Cash Flow 26 Many "Wealthy" People Are Living a Mirage 28 Why I Don’t Want to Win the Lottery 30 Going Beyond the Numbers 31 Does Money Buy Happiness? 31 What Causes Happiness? 33 "The Happy Movie" 33 Happy for No Reason 35 My Take on Happy 38 My Secret to Life 39 Million Dollar Wrap-up 41 Chapter 4—The Trap: Why You Aren't Getting Rich and They Are 42 How the Banks Make Money 43 Plug the Cash Pig Leaks 43 The Mutual Fund Fee Monster 44 Borrowing to Get Rich: It Can Work, But Don't Bet on It 45The Wealth Effect Is the Enemy 46 Sometimes People Are Their Own Worst Enemies 47 Paul's Story 48 Closing the Trap 54 Chapter 5—The Dream of Home Ownership 55 The Wealthy Barber Weighs In 56 How Much Home Can You Afford? 57 Rent Is Not a Four-Letter Word 60 An Example—123 Any Street, Hometown 63 123 Any Street: The Assumptions 65 Don't Forget the Closing Costs 66 A Word About the Down Payment 69 CMHC Changes 71 The Key Points That Most People Miss 72 The Opportunity Cost 72 The Ongoing Cash Costs 74 Consumer Debt Warning 74 Compounding Confusion 75 123 Any Street: The TFSA Results 77 123 Any Street: The RRSP Results 80 Playing with the Inputs 81 Housing Prices Increases 81 House Price 81 Interest Rates 84 Beware Those Trying to Sell You Something 84 Beyond the Numbers 85 Long-Term House Prices 85 Repairs and Maintenance 86 Renovations 87 The End Game: Can You Sell? 87 Conclusion 87 Chapter 6—The Condominium Conundrum 89 Condo Basics 90 Defi nition of a Condominium 90 The Legal Details 91 Condominium Regulations 91 The Fees 92 Who Pays for What? 92 Insurance 93 Renting Out the Unit 94 Condo Costs 94 The Purchase Price 95 The Monthly Costs 95 Running the Numbers 96 The Toronto Condo: Results 97 Playing with the Inputs 100 Further Analysis Required 101 Buying a New Condominium 102 Buying a Re-sale Condominium 103 Condos: What Could Go Wrong? 104 What You Can Do to Manage Condo Risk 106 A Word about Rental Properties and Income Tax 107 Condo Wrap-up 108 Chapter 7—Infl ation: Monster or Myth? 110 What Is Infl ation? 110 The Consumer Price Index (CPI) 111 How the CPI Is Calculated 112 Historical CPI Rates 114 Percentages versus Actual Cash Flow 116 An Infl ation Example 117 Where Will Infl ation Be in the Future? 119 Defl ation May Be the Bigger Monster 120 Stagfl ation: The Two-Headed Beast 121 Why the CPI Matters to You 121 Chapter 8—Maximizing Your Canada Pension Plan 123 CPP and OAS Overview 124 CPP: The Basics 124 CPP: The New Rules 126 CPP Contribution Rate 130 Is the CPP Plan Solid? 130 The CPP Investment Board (CPPIB) 131 The Chief Actuary of Canada 133 Can We Count on the CPP? 134 Is the Canada Pension Plan a Good Investment? 134 How Is the Maximum CPP Pension Calculated? 137 CPP and QPP Maximum Amounts 138 How Will My CPP Pension Be Calculated? 139 The Child-Rearing Provision 139 Should I Elect to Start My CPP Early? 141 Infl ation Effect on the CPP Retirement Benefit 143 The CPP Disability Benefits 143 Summing Up the CPP 145 Chapter 9—Can We Rely on the Old Age Security Cash Cow? 146 The OAS Details 146 Guaranteed Income Supplement 147 OAS Clawback 148 OAS and GIS Amounts 149 The Proposed OAS Changes 150 OAS Wrap-up 152 Chapter 10—Cash Flow for Life 153 What Are Your Cash Cows in Retirement? 154 CPP and OAS 154 RRSPs: How Big Does Yours Need to Be? 156 RRIFs: The Details 157 Annuities: The Details 159 Cash Flow Finale 161 Chapter 11—The Inheritance Jackpot 162 The Great Wealth Transfer Is Going to Be Inefficient 163 How to Talk to Your Parents About Death 164 The Problem with Death 165 Is There Tax on Death? 165 Getting Ready: A Simple Checklist 165 Conclusion 167 Index 169 About the Author 177

Read more less