Retirement Books

Book SynopsisYOUR GUIDE TO SURVIVING AND THRIVING IN THE AI ECONOMY. No one can be completely sure what the future of work is going to look like, but one thing's for certain - it will be completely transformed by AI. That means an uncertain future for millennials, including the need to switch jobs and learn new skills. Taking steps towards financial freedom and early retirement now, on your own terms, will put you in the driving seat for the bumpy road ahead. In HOW TO BUILD AND AI-PROOF FINANCIAL FUTURE, Yahoo Finance reporter and Wall Street expert Scott Gamm's sets out a practical guide to financial freedom and early retirement. Discover:* Why retiring early will become a necessity, not just a goal. * How much money you'll need to live well without a steady 9-5 job.* The importance of reducing or eliminating debt.* How to invest in the stock market.* How to use alternative retirement savings vehicles.* And what some of the world's most respected billionaires advise for achieving financial independence in the new economy. HOW TO BUILD AN AI-PROOF FINANCIAL FUTURE is full of actionable investing tips that can be applied within minutes of reading. This is truly the first book to provide a clear plan for wealth-building and financial security in the automation era.

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Book SynopsisFully updated and revised second edition. Now printed in colour.

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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

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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

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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.

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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

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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

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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

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Book SynopsisStop risking everything to make your investment advisor rich The stock market crash of 2008 proved one thing: traditional retirement planning advice simply doesn''t work. The risks are too enormous. Trusting the stock market is like gambling with your family''s future. But how do you plan for retirement without risking everything? Enough Bull shows you how, with an easy-to-understand, simple-to-apply strategy for a better retirement. Enough Bull overturns the conventional wisdom about retirement planning, and offers the simple secrets to securing a comfortable retirement. In an accessible and straightforward style, this practical guide explains how it''s possible to save for retirement starting later in life, retire comfortably on less money, and incur less risk. Updated to apply to both the U.S. and Canada, this new second edition offers a message of hope for average, cash-strapped baby boomers by detailing a step-by-step plan for avoiding all the trapsTable of ContentsAbout the Author xiii Acknowledgements xv Introduction 1 The Fall of 2008 1 Angry yet? 3 Why I Wrote this Book 3 Your Retirement Journey 4 Down the River 5 Uh-Oh, it’s the Niagara River 5 Retirement Journey: Plan B 7 Here’s What They Don’t Want You to Know 7 PART ONE: THE ANTIDOTE - A SIX POINT PLAN FOR FINANCIAL FREEDOM 9 Chapter 1—Avoid Personal Financial Disasters 13 The Ponzi Scheme 14 Bernie Madoff 16 Our Very Own Canadian Fraud 18 What Did the “Average” Victim Look Like? 19 How Did Investors Become Involved in Eron? 20 What Steps Did They Take Before Investing? 20 Why Did They Invest? 21 Where Did They Get the Money? 21 The Lessons of Eron 21 Extraordinary Popular Delusions 22 Other Potential Disasters 23 Credit Card Disease 23 Taking Out a Mortgage on Your Home to Invest 24 The Latest Stock Chase 24 Trusting Your “Friends” 24 Mortgage Fraud 24 How to Prevent Personal Financial Disasters 24 Conclusion 25 Chapter 2—You Don’t Need the Stock Market or Mutual Funds 27 The Worldwide Economic Meltdown 27 The United States 29 The Recovery 31 What Caused the Meltdown 32 The Vicious Spiral 34 Who Wants to be Rich? 35 Why You Don’t Need Stocks 36 Why You Don’t Need Mutual Funds - Risk 37 Mutual Fund Risks 38 Those Darn Mutual Fund Fees! 43 1. Fees and Expenses Payable Directly by You 43 2. Fees and Expenses Payable by the Fund or Portfolio 45 We Won’t Get Fooled Again 49 The Canada Deposit Insurance Corporation 50 The Advantages of GICs 54 Why They Try to Make Even GICs Complicated 55 How and Why They Bash GICs 56 The Laddered GIC 57 Getting the Best GIC rates 60 Consider a Deposit Broker 61 Who Regulates Deposit Brokers? 63 Fiscal Agents 64 GIC Rates of the Future 68 Chapter 3—Buy a Home and Pay off the Mortgage 69 Gains in Value are Tax-Free 70 Source of Cash 70 Source of Retirement Funds 70 Should I Buy a House? 71 Can I Afford a House? 72 Gross Debt Service Ratio (GDS) 72 Total Debt Service Ratio (TDS) 72 Just How Much House Can You Afford? 72 Saving For the Down Payment 73 Buying With Less Than 20% Down 74 WARNING: Mortgage Companies Love Selling Mortgage Life Insurance! 74 Pre-Approved Mortgages 76 What if I don’t qualify? 77 Your Credit Report 77 What is in a Credit Report 78 How to Get a Free Copy of Your Credit Report 79 Getting Your Credit Report Online 79 What is a FICO Credit Score? 80 What Affects Your Credit Score? 80 An Important Warning: 80 How to Improve Your Credit Score 81 Your Home as an Investment 82 “The Best Investment I Ever Made” 84 Chapter 4—Reducing Expenses Doesn’t Have to Be Painful 85 Reducing the Interest You Pay 85 The Spending Years 86 Reducing the Amount of the Debt 86 Reducing the Interest Rate on the Debt 88 Debt and the Economy 90 Reducing Taxes 91 How to Calculate Your Tax Bill 91 Happy New Year – Here’s Your Reduced Paycheck 92 Marginal Tax Rates 94 Pension Income Splitting 96 What You Can’t Split 97 How to Split Pension Income 98 Benefits of Splitting Pension Income 99 How Much Pension Income to Transfer 100 How to Claim the Pension Income Amount 101 Spousal RRSPs: Still a Useful Tool 101 Self-Employment – King of the Income Splitters 103 But I Don’t Know Anything About Being Self-Employed 106 Self-Employment Does Not Have to Be Complicated 106 Conclusion 107 Chapter 5—Forget RRSPs Until Your Debt is Paid Off (The Opportunity Zone) 109 Pretend the Stock Market Does Not Exist 109 The RRSP Fallacy 110 Compound This 113 The Tax Turbo-Charged RRSP 113 A Word about Your RRSP Limit 113 Do You Trust the Stock Market? 114 Those Ugly Fees 115 Don’t Put All Your Eggs in One Basket 115 Conclusion 116 Chapter 6—You May Not Need an Investment Advisor 117 My Story 118 What I Did Next 120 What to Look for in an Investment Advisor 121 For Those Who Have a Lousy Advisor 121 No Advisor is Better than a Bad One 122 Henry’s Story 122 Conclusion 127 PART TWO: THE DETAILS 129 Chapter 7—The Canada Pension Plan 131 What is the Canada Pension Plan? 131 How they Calculate CPP premiums 132 How they Calculate the CPP Pension 132 How the CPP adjusts for Inflation: The YMPE 132 CPP Pension 133 The New CPP Rules 134 Early election penalty 134 Deferring election premium 135 Removal of work cessation test 135 Post-Retirement Benefit (PRB) 135 Drop-out Provision 136 How to Apply for your CPP Pension 136 My Service Canada Account 138 How to Register for My Service Canada Account 138 How to Calculate your CPP Retirement Pension 140 Money Saving Tip – CPP Pension Sharing 146 CPP Pension Sharing Example 146 When Should I Elect to Receive CPP? 148 Step 1 149 Step 2 149 Step 3 149 Step 4 149 Warnings 149 Catch #1 150 Catch #2 150 Catch #3 151 Conclusion 151 Chapter 8—The Money Maximizer 153 Why Work Against the Taxman? 153 The Value of Time 154 The Time Value of Money 155 The Money Maximizer Spreadsheet 155 Meet Pat and Jane 157 Pat and Jane: The Assumptions 161 Pat and Jane: The Results 162 Pat and Jane Try Income Splitting 163 Putting the RRSP “Start Late” Theory to the Test 164 Pat’s Turbo-Charged RRSP 166 Conclusion 167 Chapter 9—Retiring Without the Stock Market 169 The Devastating Effect of the Crash 170 Are You Going to Throw Good Money after Bad? 170 You Can Still Retire Well 171 1. CPP Pension Splitting 173 2. Electing CPP early 173 3. RRSP/RRIF Income Splitting 173 4. Extending Your Retirement Date 173 Other Ideas 174 Conclusion 174 Chapter 10—You May Not Need an RRSP 175 A Common Misconception 175 Alternatives to RRSPs 175 Investing Outside Versus Inside an RRSP 176 Investing in Real Estate 179 Investing in Your Own Business 180 Invest in a Tax Free Savings Account 180 The TFSA as an Income Splitter 182 Opportunity for Retirees 182 Does Anyone Have $5,500 Outside a Registered Account? 183 Why the TFSA is Better than an RRSP for Home Buyers 183 The RRSP Home Buyers’ Plan 184 Keeping Profits in a Corporation 185 Conclusion 185 Chapter 11—The Antidote Summary 187 1. Avoid Personal Financial Disasters 187 2. You Don’t Need the Stock Market or Mutual Funds 187 3. Buy a Home and Pay Off the Mortgage 188 4. Reducing Expenses Doesn’t have to be Painful 188 5. Forget RRSPs Until Your Debt is Paid Off (the Opportunity Zone) 188 6. Ask Yourself if You Really Need an Investment Advisor 188 Index 189

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Book SynopsisYour guide to navigating today's workplace and snagging that perfect job Whether you're searching for a new job by choice or necessity, consider this book your life raft.Table of ContentsIntroduction 1 Part I: Getting Started with Finding a Job After 50 5 Chapter 1: Scoping Out Your Prospects 7 Chapter 2: Using Skills to Your Advantage 31 Chapter 3: Harnessing the Power of Other People 47 Chapter 4: Tackling Common Financial Issues 69 Part II: Launching Your Job Search 85 Chapter 5: Scoping Out Promising Job Markets 87 Chapter 6: Joining the Growing Ranks of the Self‐Employed 115 Chapter 7: Dealing with Special Circumstances 141 Part III: Marketing Yourself 155 Chapter 8: Rehabbing Your Résumé and Cover Letter 157 Chapter 9: Creating a Strong Online Presence 179 Chapter 10: Marketing Yourself on LinkedIn 205 Chapter 11: Clearing the Application Hurdle 229 Part IV: Taking the Stage: The Interview and Its Aftermath 241 Chapter 12: Prepping for a Job Interview 243 Chapter 13: Acing Your Job Interview 263 Chapter 14: Negotiating for What You Want 279 Part V: The Part of Tens 299 Chapter 15: Ten Great Jobs for Workers Over 50 .301 Chapter 16: Ten Common Interview Questions Answered 307 Chapter 17: Ten Steps for Career Changers 313 Index 321

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Book SynopsisGuarantee your retirement income with a DIY pension Pensionize Your Nest Egg describes how adding the new approach of product allocation to the tried-and-true asset allocation approach can help protect you from the risk of outliving your savings, while maximizing your income in retirement. This book demonstrates that it isn''t the investor with the most money who necessarily has the best retirement income plan. Instead, it''s the investor who owns the right type of investment and insurance products, and uses product allocation to allocate the right amounts, at the right time, to each product category. This revised second edition is expanded to include investors throughout the English-speaking world and updated to reflect current economic realities. Readers will learn how to distinguish between the various types of retirement income products available today, including life annuities and variable annuities with living income benefits, and how to evaTable of ContentsList of Exhibits xi Preface xv Preface to the Second Edition xv Preface to the First Edition xvii How to Use This Book xviii Introduction: Why Retirement Income Is Better than Retirement Savings 1 PART ONE: WHY YOU NEED TO BUILD YOUR OWN PENSION PLAN: THE MOST PREDICTABLE CRISIS IN HISTORY 7 Chapter 1: The Real Pension Crisis 9 Up a Creek without a Pension Paddle 11 Mixing Defined Benefit Apples and Defined Contribution Oranges 12 It Takes Two to Tango: A Basic Lesson about the Nature of True Pensions 22 Guarantee versus Ruin 23 When Is a Pension Not a Pension? 24 There Ain’t No Such Thing … as a Free Pension 25 The First True Pensions 27 Chapter 2: Planning for Longevity: Risks While Waiting for Your Return 31 The Grim Reaper’s Coin Toss 35 Introducing Longevity Risk 36 Predicting Future Longevity 39 How Should You Insure against Longevity Risk? 41 Will You Get Heads … or Tails? 41 Chapter 3: How the Sequence of Returns Can Ruin Your Retirement 43 How Long Will the Money Last? 44 Clockwise Investment Returns 47 Counterclockwise Returns 49 Triangles, Bulls, and Bears: The Retirement Income Circus 51 Can Buckets Bail Out a Poor Sequence of Returns? 52 Chapter 4: Inflation: The Great Money Illusion 55 What Does This Mean for Retirees? 58 The CPI-ME and the CPI-YOU 60 Does the CPI Measure Your Spending? 62 A Reality Check for Your Retirement Spending 63 What Have We Learned So Far? 64 PART TWO: DEVELOPING A SUSTAINABLE RETIREMENT SOLUTION: THE MODERN APPROACH THAT IS HUNDREDS OF YEARS OLD 65 Chapter 5: Beyond Asset Allocation: Introducing Product Allocation 67 Product Allocation: New Baskets for Your Nest Egg 67 Three Product Silos 68 The Spectrum of Retirement Income Silos 70 How Do the Silos Stack Up? 72 Chapter 6: An Introduction to Life Annuities 73 Pension Contributions as Insurance Premiums 74 Buying a Personal Pension 75 When Should You Buy an Annuity? 77 Annuities versus Term Deposits 79 Is the Annuity Gamble Worth It? 81 Great-Grandma’s Gamble 81 The Power of Mortality Credits 83 What about 50-Year-Olds—Should They Buy Personal Pensions? 84 What about Interest Rates? 87 How Can I Use Annuities to Protect against Inflation? 89 Unique and Personal Insurance 90 Chapter 7: A Review of Traditional Investment Accounts 93 Asset Allocation in Your SWP 95 What Should You Put in the SWP? 96 Chapter 8: Introducing the Third Silo—Annuities with Guaranteed Living Benefits 99 Guarantees and Growth: How Variable Annuities with Guaranteed Living Income Benefits Work 101 Evaluating an Annuity with Guaranteed Living Benefits: How Should You Choose? 104 Chapter 9: Your Retirement Sustainability: Fundamental Concepts in Retirement Income Planning 107 Which Glasses Will You Wear? 109 How Many Eggs Can You Withdraw from Your Nest? 110 What Should You Protect Against: Floods or Meteorites? 113 Do You Feel Lucky? Pensions, Survival Probabilities, and Spending in Retirement 114 Pensions Change the Game 114 How Does Pensionization Impact Your Retirement Sustainability Quotient? 116 Pension Annuities: Step-by-Step Math 122 The True Gift of Pensionization 124 Chapter 10: The Most Diffi cult Question You Will Ever Have to Answer (About Your Retirement) 125 Retirement Sustainability or Financial Legacy? 127 Pricing Your Inheritance 128 Finding Your Spot on the Frontier 130 Chapter 11: Divvying Up Your Nest Egg 133 Creating a Retirement Plan for Robert Retiree: Cases 1 through 10 133 What Is the Cost to Pensionize? 137 When Should You Pensionize? 140 When Should You Turn Your Living Benefi t On? 141 Chapter 12: A Deeper Look at the Promise of Pensionization: Revisiting the Two Gertrudes 147 Activating the Time Machine: Gertrude at Age 65 148 Lifetime Income: Now or Later? The Implied Longevity Yield 150 Lifetime Income: Now or Later? The Role of Changing Interest Rates 152 A Tool to Help with Your Decision: The “What If I Wait?” Analyzer 155 Moving Beyond Yield: Understanding the Cost-Benefit Trade-off of Pensionizing Your Nest Egg 157 Pensionizing: Financial and Nonfi nancial Benefits 160 Summary of Part Two 161 PART THREE: THE SEVEN STEPS TO PENSIONIZE YOUR NEST EGG 163 Chapter 13: Step 1: Identify Your Desired Retirement Income 165 Estimating Your Desired Income from the Top Down 169 Estimating Your Desired Income from the Ground Up 169 Chapter 14: Step 2: Estimate Your Existing Pensionized Income 173 Public Pensions in the United States, United Kingdom, Canada, Australia, and New Zealand 174 How Much Will You Receive? 174 Benefits from a Defined Benefit Pension Plan 175 What If I’m Worried about the Future of My DB Pension Plan? 177 Timing the Retirement Decision 177 Completing Step 2 177 Chapter 15: Step 3: Determine Your Pension Income Gap 179 Your Average Tax Rate 180 Your Pension Income Gap 181 Adjusting for Inflation 183 Chapter 16: Step 4: Calculate Your Retirement Sustainability Quotient 187 What Kind of Eggs Do You Have in Your Nest? 187 Filling the Gap 188 Chapter 17: Step 5: Assess Your Plan: Is It Sustainable? 193 Chapter 18: Step 6: Calculate Your Expected Financial Legacy 197 Chapter 19: Step 7: Use Product Allocation to Pensionize the Right Fraction of Your Nest Egg 199 Case Study: Jack and Jill Go Up the Hill (to Fetch a Retirement Income Plan) 200 Step 1: Identify Your Desired Retirement Income 201 Step 2: Estimate Your Existing Pensionized Income 202 Step 3: Determine Your Pension Income Gap 202 Step 4: Calculate Your Retirement Sustainability Quotient 203 Step 5: Assess Your Plan: Is It Sustainable? 204 Step 6: Calculate Your Expected Financial Legacy 206 Step 7: Use Product Allocation to Pensionize Your Nest Egg 207 Summary of Part Three 208 Final Thoughts 209 Notes 213 Bibliography 219 Acknowledgments 221 About the Authors 223 Index 225

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Book SynopsisRetirement planning is difficult enough without having to contend with misinformation. Unfortunately, much of the advice that is dispensed is either unsubstantiated or betrays a strong vested interest. In The Essential Retirement Guide, Frederick Vettese analyses the most fundamental questions of retirement planning and offers some startling insights. The book finds, for example that: Saving 10 percent a year is not a bad rule of thumb if you could follow it, but there will be times when you cannot do so and it might not even be advisable to try. Most people never spend more than 50 percent of their gross income on themselves before retirement; hence their retirement income target is usually much less than 70 percent. Interest rates will almost certainly stay low for the next 20 years, which will affect how much you need to save. Even in this low-interest environment, you can withdraw 5 percent or more of your retirement savings each yeTable of ContentsPreface xiii Acknowledgments xvii PART I The Retirement Income Target Chapter 1 The Road to Retirement 3 Detours 6 Chapter 2 Doubts about the 70 Percent Retirement Income Target 9 Niggling Doubts 10 Saving for Retirement Is a Two-Dimensional Problem 14 The Macro Case Against 70 Percent 15 Low-Income Workers 16 Conclusions 16 Chapter 3 Homing in on the Real Target 19 Setting the Ground Rules 19 Howard and Barb 21 Steve and Ashley 1.0 23 Steve and Ashley 2.0 27 Expressing Consumption in Dollars 29 Conclusions 30 Chapter 4 A New Rule of Thumb 33 Guiding Principles 34 Retirement Income Targets under Different Scenarios 35 General Rule of Thumb 38 Conclusions 40 PART II The Wealth Target Chapter 5 Quantifying Your Wealth Target 43 A Rough-and-Ready Estimate 43 A More Actuarial Approach 46 Chapter 6 Why Interest Rates Will Stay Low (And Why You Should Care) 53 The Rise of the Savers 54 The Japan Experience 57 Applicability to the United States and Canada 58 Possible Remedies 59 Implications 61 Chapter 7 How Spending Decreases with Age 65 Doubts 66 Quantifying the Decline in Consumption 68 Why Does Consumption Decline? 72 Next Steps 73 Chapter 8 Death Takes a Holiday 75 Present-Day Life Expectancy 77 Dispersion of Deaths 78 Who Is Benefiting the Most? 79 Why Is Mortality Improving? 80 The Future 82 Conclusions 85 Chapter 9 Estimating Your Own Life Expectancy 87 Conclusions 93 Chapter 10 Is Long-Term Care in Your Future? 95 Long-Term Care (LTC) 95 What Does LTC Entail? 96 What Are the Chances You Will Need LTC? 99 How Long Is LTC Usually Required? 101 Conclusions 102 Chapter 11 Paying for Long-Term Care 103 Typical LTC Insurance Contract 103 Does the Math Work? 105 The Verdict 108 The Consequences of Not Insuring LTC 112 Chapter 12 Putting It All Together 115 New Wealth Targets 120 Buffers 122 Conclusion 123 PART III The Accumulation Phase Chapter 13 Picking a Savings Rate 127 Historical Performance 127 Lessons Learned 129 What the Future Holds 131 Generalizing the Results 133 Chapter 14 Optimizing Your Savings Strategy 137 The Goal 138 Strategy 1: Simple 138 Strategy 2: Simple Lifecycle Approach 139 Strategy 3: Modified Lifecycle 140 Strategy 4: Variable Contribution 141 Strategy 5: The SMART Approach 142 Conclusion 143 The Third Lever 144 Methodology 144 Chapter 15 A Gentler Approach to Saving 147 Path 1: Pain Now, Gain Later 148 Path 2: Smooth and Steady Improvement 150 A Comparison in Dollar Terms 153 Conclusions 154 PART IV The Decumulation Phase Chapter 16 Rational Roulette 159 Call to Action 161 Watch Out for Your Children 163 Chapter 17 Revisiting the 4 Percent Rule 167 The 4 Percent Rule 167 Problems with the 4 Percent Rule 169 A More Rational Spending Rule 173 A Monte Carlo Simulation 176 Conclusions 177 Chapter 18 Why People Hate Annuities (But Should Still Buy One) 179 Why Annuities Should Be Popular 180 The Psychology Behind the Unpopularity 183 Tontines 184 The Insured Annuity Strategy 185 Indexed Annuities? Forget It 188 Conclusions 189 PART V Random Reflections Chapter 19 How Workplace Pension Plans Fit In 195 Why Employers Offer Workplace Plans 196 Getting the Most out of Your Workplace Plan 198 How a Workplace Pension Plan Affects Your Dollar Target 202 Online Forecast Tools 203 Chapter 20 Bubble Trouble 205 Why Worry about Financial Bubbles? 206 Examples of Recent Financial Bubbles 207 Common Characteristics 211 The Everything Bubble 212 Chapter 21 Carpe Diem 215 The Numbers 217 Healthy Life Years 219 Trends 221 Personal Genome Testing 222 Chapter 22 A Life Well Lived 225 Retirement and Happiness 225 Final Thoughts 229 Appendix A Similarities between the United States and Canada 231 Social Security Programs 232 High-Level Comparison of Retirement Vehicles 235 A Tax Comparison 238 Appendix B Social Security in the United States and Canada 241 Name of Social Security Pension Plan 241 Purpose of Social Security 241 Earnings Base for Pension Calculation 242 How Pension Is Calculated 243 How the Plans Are Funded 243 Normal Retirement Age 244 Early Retirement Age 244 Delayed Retirement 245 Indexation 245 Other Government-Sponsored Pension Plans 245 Taxability 246 Appendix CRetirement Income Targets under Other Scenarios 249 Appendix D About the Assumptions Used in the Book 255 Thoughts on Conservatism 255 Assumptions Used to Estimate Personal Consumption 256 Assumptions Used to Calculate Future Retirement Savings 258 Assumptions Used to Estimate the Historical Accumulation of Savings 260 Couple Contemplating Long-Term Care Insurance 260 Assets Needed to Cover Long-Term Care (LTC) 262 About the Author 263 Index 265

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Book SynopsisNamed the 2019 Investment and Retirement Planning Book of the Year by the Institute for Financial LiteracyIt's never too late to start planning for retirement You Don't Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirementbut the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questionsit gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you'll need it most. Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you'll need, and show you how to bridge the gap. Maximize your savings while minimizing the lifestyle impactUnique ways for generating a meaningful amount of income, that don't require you to get a jobLearn just how much you'll need for a comfortable retirement Adopt new everyday strategies that will help you bolster your funds Add new income streams, optimize your portfolio, and learn to spend less without living lessthese are the key factors in making your golden years truly golden. You Don't Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforcein comfort.Table of ContentsForeword xi Introduction xv Part I Generating Income 1 Chapter 1 Give Yourself a Raise 3 Chapter 2 Using Options for Income 13 Chapter 3 Be the Bank 23 Chapter 4 Become the IRS: Have People Pay Taxes to You 37 Chapter 5 Get Paid More from Social Security 43 Chapter 6 You Don’t Have to Drive for Uber – But You May Want To 53 Chapter 7 The 401k You’ve Never Heard Of 61 Part II Cutting Costs 67 Chapter 8 Lower Your Medicare Costs 69 Chapter 9 Medical Tourism 75 Chapter 10 Pay Less for Your Medicine 81 Chapter 11 Pay Less in Taxes 87 Chapter 12 Lower Your Investment Costs 95 Chapter 13 How to Buy a Car for 25% Off 103 Chapter 14 How to Travel for Less 109 Part III Small Ideas That Add Up 117 Chapter 15 Small Ideas That Add Up 119 Part IV Ideas I Don’t Like 141 Chapter 16 The Worst Investment You Can Make 143 Chapter 17 Lose Your Life Insurance 153 Chapter 18 Reverse Mortgages 163 Conclusion 167 About the Author 169 Acknowledgments 171 Index 173

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Book SynopsisLong-Term Care: Planning for Finance, Medical, and Living Expenses We're living exciting bonus yearsdecades that our parents and grandparents didn't have. But how to navigate this complex terrain? Questions abound around long-term care planning: Where to live? How to get the best medical care? What to do about advance directives, wills and trusts, and estate planning? And how to pay for it all after you retire? Getting accurate information and answers wasn't easy. Until now. AARP's Navigating Your Later Years For Dummies helps you and your family understand the growing range of opportunities. Even more importantly, it helps you chart the next steps to live the life you choose, as independently as you choose, no matter your specific circumstances and needs. This book: Covers home modifications so that you can stay at home safely for as long as you likeLays out the opportunities and costs associated with independent living, assisted living and other optionsGives you a range of drivinTable of ContentsIntroduction 1 Part 1: Getting Started with Navigating Your Later Years 5 Chapter 1: Looking Ahead: The Big Picture 7 Chapter 2: A Personal Inventory: Past, Present, and Future 21 Chapter 3: Finding Services 31 Chapter 4: Making Decisions: A Family Affair 43 Part 2: Choosing Where to Live 53 Chapter 5: Staying in Your Home 55 Chapter 6: Under One Roof: Generations Living Together 73 Chapter 7: Downsizing for Now and Later 87 Chapter 8: Assisted and Independent Living and Other Group Settings 95 Chapter 9: Beyond Your Home: Living in a Community 113 Chapter 10: Getting Around: Transportation Options 125 Part 3: Legal and Financial Planning 139 Chapter 11: Unraveling the Rules of Medicare and Medicaid 141 Chapter 12: Paying for Care: Long-Term Care Insurance and Other Options 161 Chapter 13: Financial Matters: Money Management, Wills, Trusts, and More 177 Part 4: Managing Your Healthcare 193 Chapter 14: Choosing Good Medical Care 195 Chapter 15: Demystifying Home Care 211 Chapter 16: Understanding the Different Roles of Nursing Homes 227 Chapter 17: Getting the Healthcare You Want (And Avoiding What You Don’t Want) 241 Part 5: Services for Special Groups 253 Chapter 18: LGBT Older Adults 255 Chapter 19: Services for Veterans 269 Chapter 20: Family Caregivers 283 Part 6: The Part of Tens 305 Chapter 21: Ten Myths about Aging and Future Care 307 Chapter 22: Ten Resources with State-by-State Information 317 Part 7: Appendixes 325 Appendix A: Glossary 327 Appendix B: Resources 339 Index 347

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Book SynopsisThe long-term future of the American Social Security system which provides retirement, disability, and survivor benefits to millions, is uncertain. This is triggering big concerns for many workers who are paying into the system and need to make decisions about their retirement. This book features real-world situations around Social Security and Medicare to help financial professionals provide better advise to their clients on their personal financial plans. Key topics include: What Medicare will and will not do Managing Medicare gaps Analyzing the wide menu of Social Security benefits Social Security benefits for workers and families: retirement, survivor, disability, and death benefit Tax impact of Social Security premiums and benefits Impact of the 3.8 percent Medicare surtax on investment income Recent changes to the Medicare law Table of ContentsChapter 1 1-1 How the Social Security System Operates 1-1 FICA tax 1-4 Medicare tax 1-6 Medicare tax on earned income 1-7 Medicare tax on net investment income 1-10 Not everyone is covered under Social Security 1-13 Summary 1-15 Chapter 2 2-1 Benefit Eligibility 2-1 Summary 2-8 Chapter 3 3-1 Social Security Retirement Benefits 3-1 Retirement benefits 3-3 AIME 3-5 Calculating the PIA 3-7 Reduction in benefits for claiming benefits early 3-11 Delaying Social Security retirement benefits 3-14 Spousal retirement benefits 3-16 Working after retirement 3-23 Summary 3-25 Chapter 4 4-1 Social Security Survivors’ Benefits 4-1 No benefits in the month of death 4-3 Children’s benefits 4-10 Dependent parent’s benefits 4-12 Summary 4-13 Chapter 5 5-1 Disability Income Benefits 5-1 Characteristics attributable to disabled-worker beneficiaries 5-3 Medical eligibility for Social Security disability income benefits 5-13 When SSDI benefits will end 5-20 Summary 5-23 Appendix A Chapter 5, A-1 OASDI and SSI Program Rates & Limits 2019 Chapter 5, A-1 Appendix B Chapter 5, B-1 OASDI and SSI Program Rates & Limits 2018 Chapter 5, B-1 Chapter 6 6-1 Taxation of Social Security Benefits 6-1 How benefits are reported 6-3 Summary 6-10 Chapter 7 7-1 Medicare 7-1 Original Medicare 7-3 Medicare premiums and coinsurance rates Medicare Part A 7-7 Current Medicare premiums and deductibles 7-8 Are the premiums tax-deductible? 7-17 Skilled nursing care under Medicare Part A 7-20 Home healthcare coverage Under Medicare Part A 7-22 Hospice coverage Under Medicare Part A 7-25 Medicare Part B coverage 7-27 Medicare Part C Advantage plans 7-29 Medicare Part D — Prescription drugs 7-31 Medicare supplemental (Medigap) insurance 7-34 Summary 7-38 Chapter 8 8-1 The Future of Social Security and Medicare 8-1 The system is strained 8-2 Fixing the problems 8-9 Summary 8-11 Appendix A A-1 Fact Sheet A-1 Index Index 1 Solutions Solutions 1 Chapter 1 Solutions 1 Chapter 2 Solutions 2 Chapter 3 Solutions 3 Chapter 4 Solutions 4 Chapter 5 Solutions 6 Chapter 6 Solutions 8 Chapter 7 Solutions 9 Chapter 8 Solutions 11

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