A complete, personal retirement education and planning guide from a recognized expert in the field Baby boomers and busters are waking up to the fact that Social Security, Medicare, and other entitlements that have helped provide a reasonable quality of life for their parents aren′t going to ensure the same level of benefits when they reach retirement age. Those at or near retirement age, plus those planning today for tomorrow, need to understand the various components of their retirement income, the factors that affect them, and most importantly how to develop the right retirement plan. Written by a former public trustee of Social Security and Medicare and a past "pension czar", this is the most comprehensive and authoritative guide to retirement planning currently available. To help consumers confront the retirement crisis head–on, Retirement Security presents strategies and opportunities that can be put into place now.
- Provides comprehensive coverage of Social Security, Medicare, pension, personal health care, and investment issues
- Offers expert advice and guidance on coordinating these sources of retirement income in a sound financial plan
- Explains, simply and clearly, the complex interaction between government–sponsored programs and private sector opportunities
DAVID M. WALKER, CPA (Atlanta, Georgia) is a partner and Global Managing Director of Arthur Andersen′s Compensation and Benefits Practice. He has also served as public trustee of the Social Security and Medicare and as Assistant Secretary of Labor for Pension and Welfare Benefit programs.
Millions of Americans face the possibility of a personal retirement crisis in the coming years. In the not too distant future, known demographic trends, projected financial imbalances in Social Security and Medicare programs, changes in employer pension and retiree health plans and inadequate planning threaten to derail your retirement security. Only through personal education, informed planning, and disciplined action can you insure a reasonable standard of living and quality of life throughout your retirement years.
Retirement Security provides complete, candid, and insightful advice to help you separate retirement fact from fiction. Written by a retirement policy and planning expert with extensive experience in government and the private sector, this self–contained guide gives you the knowledge and the tools you need to make the most of your earnings and investments both now and in the future. You will gain a solid understanding of the many components that affect your retirement security and the factors that drive them, including full coverage of Social Security, Medicare, pensions, retiree health arrangements, personal savings, and more. You will also find out how to design, implement, and amend your own retirement strategy, using a straightforward and effective seven–step method based on sound and proven retirement savings and investment principles.
Whether you are embarking on a career, nearing retirement, or already retired, don′t let your golden years be tarnished by financial insecurity. Retirement Security will show you how to plan, save, and invest in your future so that you can afford to retire.
What is likely to happen to Social Security and Medicare programs?
How can I make the most of my employer–sponsored pension and savings plans?
How much income will I need for retirement?
How should I invest what I save?
When should I use IRAs or Keoghs?
Now you can find answers to these and other critical questions in one book Retirement Security, the most comprehensive and authoritative guide to retirement planning currently available. Combining sound analysis of the different components of retirement income with practical guidance on developing your own retirement strategy, the book′s unique, two–pronged approach gives you the knowledge and the tools you need to make the most of your financial resources both now and in the future.
Key features include:
- Comprehensive coverage of Social Security, Medicare, pensions, retiree healthcare, personal savings, and more.
- Clear explanations of the impact of demographics, economics, law, and politics on public and private sector programs and investments.
- A straightforward and effective seven–step method for devising and implementing your personal retirement plan.
- Crucial savings and investment principles to guide your retirement strategy.
- Informed guidance on where to seek further information about your government and employer–provided retirement benefits.
