Built around the one truism of retirement planning-the sooner the better--"Feathering Your Nest" is for anyone in their mid-thirties on up, proving them with accessible, realistic, and reassuring guidance for creating a nest egg.
Written by a financial writer, the book offers simple exercises to map out a plan and set a dollar figure of what is needed. And then it shows how to grow wealth. Dozens of investment options are covered, while subsequent chapters cover the complexities of insurance, mortgages and reverse mortgages, health care, wills and trusts, and taxes.
Did you know that if you take your $300,000 pension as a lump sum, the government will help itself to $93,000? Or that most retirees will need 60 to 80 percent of their pre-retirement income for a good 20 years after the last day on the job? Now you do--and "Feathering Your Nest" tells you what to do about it. 92,000 copies in print.
CAN YOU AFFORD TO RETIRE IN COMFORT?
IF YOU'RE a two-income family with children about to enter college and parents requiring a financial helping hand, how do you save to build a dream house in the mountains outside Santa Fe?
IF YOU'RE working on the line in Detroit and contributing regularly to Social Security and a pension fund, will you really be able to take early retirement and sail around the world?
IF YOU'RE single, self-employed, and successful, do you know the smartest ways to manage a Keogh, mutual funds, and other investments today to insure that you'll be able to buy and run your Vermont Bed-and-Breakfast tomorrow?
Working from the acronym EMILY-Early Money Is Like Yeast (it makes dough grow)-FEATHERING YOUR NEST is the all-the-angles-covered planner for every reader who's decided to do better at investing for the future. Its thorough coverage and dozens of charts and graphs combine sophisticated money savvy with retirement's realities-financial, emotional, and physical-so that every reader can create a plan, nurture an abundant nest egg, and make retirement dreams come true.
Map Your Financial Future
- The six common mistakes in retirement planning, Chapter 1
- Find out your psychological investor profile, Chapter 2
- Straight talk on mutual funds, bonds, T-bills, zeros, and more, Chapter 2
- Eight ways to boost savings, Chapter 3
- IRAs, Keoghs, and 401(k)s: Which is right for you today? Chapter 3
- The truth about Social Security, Chapter 5
- Seven reasons to change a will, Chapter 6
LISA BERGER is a financial writer whose books include Cashing In: Getting the Most When You Sell Your Business and The Healthy Company.
IDS FINANCIAL SERVICES, the nation's largest financial planning firm and a major provider of financial products, shared its technical expertise during the development of FEATHERING YOUR NEST.