Control your retirement destiny [[electronic resource] ] : achieving financial security before the big transition / / Dana Anspach

• Autore: Anspach Dana
• Pubblicazione: Berkeley, CA, : Apress, 2013
• Descrizione fisica: 1 online resource (316 p.)
• Disciplina: 332.024014
• Soggetto topico: Retirement - Planning; Finance, Personal
• Note generali: Includes index.
• Nota di contenuto: Cover; Title Page; Copyright Page; Apress Business: The Unbiased Source of Business Information; Dedication Page; Table of Contents; About the Author; Acknowledgments; Preface; CHAPTER 1 Your FinancesWhy It's Different over 50; Challenge One: Longevity-An Unknown Time Horizon; Learning to Use the Right Tool; What Do the Odds Tell You?; Challenge Two: Sequence Risk-The Gas Mileage Question; Challenge Three: Inflation; Challenge Four: Overspending; A Note on Estimating Taxes; Summary; CHAPTER 2 Starting with Planning Basics Balance Sheet, Income Timeline, and Spending Plan ; Your Personal Balance SheetYour Income Timeline; Drawing Your Timeline; A Word of Caution; If You're Close to Leaving the Workforce: Adjusting Your Timeline for What-ifs; If You're Still Planning on Working for Quite Some Time; Your Spending Plan; Honing Your Spending Plan; What to Watch Out For; Mortgage; Health Care Expenses; Credit/Debit Cards; Monthly, Annual, and Fixed vs. Flex; Items That Conspicuously Go Missing; Pre- and Post-Work Spending; Your Spending Timeline; Your Coverage Ratio; Using Your Coverage Ratio to Make Better Investment Decisions; Making It Better; Summary ; CHAPTER 3 Social Security How to Make the Most of ItWhat Your Benefits Are Worth; Social Security Basics; Your Social Security Statement; Age When You Begin Benefits; Starting Benefits Before or After Full Retirement Age; Starting After Full Retirement Age; Working and Collecting Benefits Before Full Retirement Age; Social Security for Married Couples; File and Suspend; File a Restricted Application; Spousal Benefits; Your Spouse and Collecting Benefits Before Full Retirement Age; Widow/Widowers Benefits; If you start benefits after your full retirement age ; If you have not started your benefits yet and have not reached your full retirement ageIf you have not started your benefits yet and you are full retirement age or older; If you and your spouse have both already started your benefits; If I'm the survivor and have not started my benefits yet; Social Security for Ex-Spouses; Social Security for Single People; Social Security When You Have a Pension from Work Not Covered By Social Security; Windfall Elimination Provision; Government Pension Offset; Social Security When You Have Dependents ; Help! I Already Started Social Security-Can I Change My Mind?Option 1: Pay It Back; Option 2: Go Back to Work; Option 3: Voluntarily Suspend; Option 4: Maximize Benefits for your Spouse who has not yet elected.; Social Security Software and Calculators; Taxes on Your Social Security Benefits; What If Social Security Goes Away?; Summary; CHAPTER 4 Investing How Much Risk to Take; Measuring Risk; Benchmarking Against a Risk-Free Choice; I Bonds; TIPS: Treasury Inflation-Adjusted Securities; Owning Individual Bonds vs. a Bond Fund; Inflation-Adjusted Immediate Annuities ; Don't Fall for the Big Investment Lie
• Sommario/riassunto: "It is a rare pleasure to read a book on personal finance with which I agree completely. Dana Anspach has produced one. I am usually turned off by the chapter on investing, which is typically false and misleading. Investing should always start from the safest strategy to achieve one's goals. Dana Anspach gets it right and expresses it in entertaining prose that anyone can understand and enjoy." —Zvi Bodie, Professor of Economics, Boston University People in their fifties start to wonder: When should I retire? Once I do, when should I take Social Security? Do I need to buy an annuity to make sure I have enough money to last my whole life? Should I move everything into Treasury Bills and other “safe” investments? In short, what do I need to do now to ensure a comfortable retirement in five or ten years? Control Your Retirement Destiny: Achieving Financial Security Before the Big Transition provides practical, how-to knowledge on what you need to do to get your finances in order to prepare for a transition out of the workforce. While never easy, retirement investing in your 20s to your early 50s has been straightforward. But as you get closer to the big event—retirement—it takes a different kind of planning to align investments, retirement accounts, taxes, Social Security, and pension decisions, all for a single objective: providing reliable, life-long income. Control Your Retirement Destiny teaches you how each part works, how one decision affects another, and--most importantly--how to focus on the items you can control rather than on the items you can’t. When you put it all together in a plan that works for you, you’ll have more choices and a greater sense of security about the financial decisions you are making. Transitioning out of work is scary. Control Your Retirement Destiny equips you with the knowledge you’ll need to make sure you’ve thought of everything. When your finances and your future intersect, you’ll be ready. This book: Covers all the major topics in retirement planning—investments, Social Security, annuities, taxes, healthcare, part-time work, and more. Illustrates which items you can control, and how to focus on them. Provides examples of how planning decisions can result in a more secure outcome when they are coordinated. Provides actionable knowledge about important money decisions faced by upcoming retirees. Control Your Retirement Destiny enables you to take charge of your financial future right now to ensure a happy, financially secure retirement.
• Titolo autorizzato: Control your retirement destiny
• ISBN: 1-4302-5023-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910887888403321
• Lo trovi qui: Univ. Federico II