Retire on Less Than You Think, Revised Edition: The New York Times Guide to Planning Your Financial Future - Softcover
Synopsis
The bestselling, hands-on retirement guide from Fred Brock, thoroughly updated and expanded for in-depth advice on housing assets, health-care options, and more
With Retire on Less Than You Think, Fred Brock challenged the conventional wisdom on the real costs of retirement-- and it struck a chord with Americans. Now, as mutual-fund investments continue to be a roller coaster, Brock updates his indispensable advice on finding asset streams, working during retirement, maximizing your health insurance, and choosing a community and housing to show how to - manage the quicksand of the housing market (your best asset)- pay for the spiraling costs of prescription drugs
- discover new cost-cutting savings
- plan for shifts over time in your financial goals Boasting expanded resource lists and worksheets, Retire on Less Than You Think is the best guide available for making your retirement
dreams a reality.
"synopsis" may belong to another edition of this title.
About the Author
Fred Brock, a former business editor of and current contributor to The New York Times, is the author of Live Well on Less Than You Think and Health Care on Less Than You Think. He has previously been an editor and reporter covering politics and finance for The Wall Street Journal, the Houston Chronicle, and the Louisville Courier-Journal.
Excerpt. © Reprinted by permission. All rights reserved.
Retire on Less Than You Think, Revised Edition
The New York Times Guide to Planning Your Financial FutureBy Brock, FredTimes Books
Copyright © 2007 Brock, FredAll right reserved.
ISBN: 9780805087307
The basic idea behind this book is simple and straightforward: you can retire sooner and on less money than you think, and live quite well, if you are willing to make a few relatively painless lifestyle changes.
Various polls in recent years by AARP, the Employee Benefit Research Institute, and USA Today have shown that some 60 percent of working Americans dream of early retirement. Yet every time there is some jarring economic news—declining stock prices or a slump in the housing market—many people feel they must postpone retirement as they contemplate their shrinking investments and how much money they still need to save.
This is a book for those dreamers who want to retire sooner rather than later but are afraid they can’t afford it: people who yearn for the time to realize a lifelong dream or avocation; people who have reached a dead end in their careers or who are burned out after years of doing the same thing and want to move on; or people who simply want a change. It is also for those who are at or past the traditional retirement age of sixty-five but continue to work because they are convinced they don’t have enough money to retire.
Also, of course, it is for those who suddenly find themselves involuntarily retiring early because of employer cutbacks. Such forced retirements usually involve so-called incentive packages that may include a lump-sum payment or extra years credited to your retirement account—or both. Many forced retirees are equally apprehensive, perhaps even more so, about whether they can afford retirement.
SMOKE AND MIRRORS
Whatever the situation, most people are victims of “data” circulated by the financial services industry—mutual fund companies, stockbrokerage firms, and banks—which hold that you need at least 70 to 80 percent of your preretirement income in order to retire without becoming a charity case. This estimate has become conventional wisdom and is routinely and endlessly repeated in newspapers and magazines and on radio and television shows that offer financial advice. Little wonder people have come to believe it. It has struck fear into the hearts of baby boomers, who are known for spending, not saving.
There’s only one problem: it’s not true!
Worse, people in the financial services industry know it’s not true. It is clever advertising bait to lure investors.
Copyright © 2004 by The New York Times Company, © 2008 by Fred Brock. All rights reserved.
Various polls in recent years by AARP, the Employee Benefit Research Institute, and USA Today have shown that some 60 percent of working Americans dream of early retirement. Yet every time there is some jarring economic news—declining stock prices or a slump in the housing market—many people feel they must postpone retirement as they contemplate their shrinking investments and how much money they still need to save.
This is a book for those dreamers who want to retire sooner rather than later but are afraid they can’t afford it: people who yearn for the time to realize a lifelong dream or avocation; people who have reached a dead end in their careers or who are burned out after years of doing the same thing and want to move on; or people who simply want a change. It is also for those who are at or past the traditional retirement age of sixty-five but continue to work because they are convinced they don’t have enough money to retire.
Also, of course, it is for those who suddenly find themselves involuntarily retiring early because of employer cutbacks. Such forced retirements usually involve so-called incentive packages that may include a lump-sum payment or extra years credited to your retirement account—or both. Many forced retirees are equally apprehensive, perhaps even more so, about whether they can afford retirement.
SMOKE AND MIRRORS
Whatever the situation, most people are victims of “data” circulated by the financial services industry—mutual fund companies, stockbrokerage firms, and banks—which hold that you need at least 70 to 80 percent of your preretirement income in order to retire without becoming a charity case. This estimate has become conventional wisdom and is routinely and endlessly repeated in newspapers and magazines and on radio and television shows that offer financial advice. Little wonder people have come to believe it. It has struck fear into the hearts of baby boomers, who are known for spending, not saving.
There’s only one problem: it’s not true!
Worse, people in the financial services industry know it’s not true. It is clever advertising bait to lure investors.
Copyright © 2004 by The New York Times Company, © 2008 by Fred Brock. All rights reserved.
Continues...
Excerpted from Retire on Less Than You Think, Revised Edition by Brock, Fred Copyright © 2007 by Brock, Fred. Excerpted by permission.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.
"About this title" may belong to another edition of this title.
Other Popular Editions of the Same Title
Search results for Retire on Less Than You Think, Revised Edition: The...
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: Gulf Coast Books, Cypress, TX, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Good. Seller Inventory # 0805087303-3-24338871
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: Orion Tech, Kingwood, TX, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Good. Seller Inventory # 0805087303-3-27059813
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: Your Online Bookstore, Houston, TX, U.S.A.
Seller rating 5 out of 5 stars
paperback. Condition: Fair. Seller Inventory # 0805087303-4-29043045
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00034921989
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Condition: Acceptable. Item in acceptable condition! Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00099336726
Seller Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: Greenworld Books, Arlington, TX, U.S.A.
Seller rating 5 out of 5 stars
Condition: like_new. Fast Free Shipping â" Excellent condition book with clean cover and pages. Barely handled, with minimal wear. An outstanding copy, close to enjoy! Seller Inventory # GWV.0805087303.LN
Stock Image
Retire on Less Than You Think, Revised Edition
Seller: Wonder Book, Frederick, MD, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. . Seller Inventory # A03G-00870
Seller Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: Off The Shelf, Antonia, MO, U.S.A.
Seller rating 5 out of 5 stars
Condition: good. The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials. Seller Inventory # 4WILKM00OJE8
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: ThriftBooks-Dallas, Dallas, TX, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Very Good. No Jacket. Former library book; May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0805087303I4N10
Stock Image
Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future
Seller: ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
Seller rating 5 out of 5 stars
Paperback. Condition: Very Good. No Jacket. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0805087303I4N00