Enhancing Retirement Success Rates in the United States: Leveraging Reverse Mortgages, Delaying Social Security, and Exploring Continuous Work - Softcover

Chien, Chia-Li

Softcover

ISBN 10: 3030336220 ISBN 13: 9783030336226

Publisher: Palgrave Pivot, 2020

Synopsis

This book and the underlying research address the questions: “How successful are U.S. retirees at sustaining assets from retirement to death?” and “What retirement strategies will enhance their ability to live a successful retirement?” Taking a hard look at real-world retirement statistics from multiple government surveys to answer those questions, it calculates the effects of specific strategies on retirement sustainability. It also discusses the background to prior retirement planning research and describes the three research groups used: 1) determining the success rates of the base population considering only social capital annual income and distributions from portfolios of financial assets, 2) adding the strategy of home equity conversion mortgages, and 3) increasing annual income through delayed social security benefit claiming and continuing work after retirement. The book then examines and compares the results for each to determine whose retirement will be most enhanced by the strategies. Lastly, it presents case studies applying research to real-world financial planning cases.

About this title

About the Author

Chia-Li Chien, Ph.D., CFP®, PMP®, is an Assistant Professor and Director of the Financial Planning Program of California Lutheran University and a Succession Program Director at the Value Growth Institute. She authored two award-winning books, Show Me the Money (2010) and Work Toward Rewards (2012). She frequently speaks at local and national conferences. She hosts succession blog at valuegrowthinstitute.com, leads pro bono projects, and serves on the boards of various national financial service associations.

From the Back Cover

“Dr. Chien’s book aims to help middle class retirees  get a better handle on their retirement finances by ensuring that all of their key household assets are considered in the planning process. It is essential reading for retirees and their advisors who are seeking how to best position assets for a successful retirement.”

―Wade D. Pfau, PhD, CFA, RICP, Program Director for the Retirement Income Certified Professional program at The American College of Financial Services and host of RetirementResearcher.com

“Dr. Chien’s research is built on a solid foundation of easy to follow logic and careful calculations.  For many, aging in place is no longer a foregone conclusion but the result of a reasoned and well-informed process of optimization.  She shows seniors,  children of aging parents, and advisors to these households how to think about this inevitable choice.

―Jeffrey W. Lang Sr., PhD, CFP^®, CLF^®, CRPC^®, CLU^®. Director of Centralized Supervision, Lincoln Financial Advisors

“In addition to presenting her unique retirement planning research models, Dr. Chien offers case studies to demonstrate the efficacy of her strategies.”

―J. Barnes. Senior Vice President and Investment Counselor, Capital Group Private Client Services

“Moving into retirement for many is a journey fraught with the unknown. Dr Chien’s book helps pre-retirees and retirees ease into this journey by giving them easy to understand and solid examples. This book speaks to the advisors as well giving them potential ways to optimize all client assets in the pursuit of a successful retirement.”

―Angela G Ribuffo, RICP, CFP, ChFC, CDFA, CLTC, President, Raion Financial Strategies LLC and Immediate Past President of Women in Insurance and Financial Services (WIFS)

Chia-Li Chien, Ph.D., CFP®, PMP®, is an Assistant Professor and Director of the Financial Planning Program of California Lutheran University and a Succession Program Director at the Value Growth Institute. She authored two award-winning books, Show Me the Money (2010) and Work Toward Rewards (2012). She frequently speaks at local and national conferences. She hosts succession blog at valuegrowthinstitute.com, leads pro bono projects, and serves on the boards of various national financial service associations.

Edition details

• Publisher: Palgrave Pivot
• Publication date: 2020
• Language: English
• ISBN 10: 3030336220
• ISBN 13: 9783030336226
• Binding: Paperback
• Edition number: 1
• Number of pages: 139