About to retire? Over 70 and facing mandatory withdrawal rules? Just inherited money from a retirement plan?
Whether you have an IRA, Roth IRA, 401(k), Keogh or other retirement plan, this book will help you make sense of the rules for taking your money out. Even more important, it will show you how to avoid the stiff taxes and penalties that lurk in the fine print. It covers:
- tax strategies before and after retirement
- required distributions and how much you need to take
- penalties for taking money out early and how to avoid them
- how to divide a plan at divorce
- what happens to your retirement plan after your death, and
- different rules for taking money out of an inherited plan
The 14th edition is completely updated with the latest tables and methods for calculating required minimum distributions. It also covers the special tax benefits for conversions to Roth IRAs and explains how to recharacterize IRA or Roth contributions.
- Building a budget that (gasp) actually works
- Super-charging a debt payoff plan
- How to strategically hack your credit score
- Negotiating like a shark (or at least a piranha)
- Side-hustling to speed up your money goals
- Starting a lazy investment portfolio...and many more
Simply put, with this gamified guide to personal finance, you'll no longer stress about understanding how your finances work--you'll finally "get" money.
In today's work culture, we're expected to hustle around the clock. But what if you could escape the traditional path and get on one that doesn't require working full-time until age 65? What if you could wake up every day without an alarm clock and do the things you love most? Tanja Hester and her husband Mark left their crazed careerist lifestyle to live their dream life in Lake Tahoe, retiring early from high-stress careers. Now Tanja will help you map out a customized plan for freedom and make it easy to succeed, whether you're good at math and budgeting-or not Work Optional is more than just a financial plan: it's a plan for your whole life-designed by you, not by an employer or clients. Tanja walks you through envisioning your dream life, accounting for variables such as health care and children, protecting yourself from recessions and future unknowns, and achieving a purpose-filled early retirement, semi-retirement, or career intermission with completely doable, non-penny-pinching steps. You can live a happier, more meaningful life, free from the daily grind. Regardless of where you are in your career, Work Optional will get you there.
Are you among the fifteen million Americans over fifty and childless? Solo aging gracefully and a happy retirement can be yours
Baby Boomers retiring: American Baby boomers are aging and fifteen million of them never had children. Who will take care of them? Unprecedented in U.S. history, this demographic will create challenges for these individuals as well as for society. Essential Retirement Planning for Solo Agers is a passionate exploration of the path ahead for "Solo Agers." It includes choices in housing, relationships, legal arrangements, finances and more - and urges the solo ager to plan for the future as though their life and well-being depended on it, as author Sara Zeff Geber believes it will
Solo Agers aging well: In Essential Retirement Planning for Solo Agers, Sara Zeff Geber, a Ph.D. in Counseling and Human Behavior and a Certified Retirement Coach, coins the term "Solo Ager" to refer to the segment of society that either does not have adult children or is single and believes they will be on their own as they grow older. However, it's not just the Solo Ager that can learn from this book. Financial advisors, elder law and estate attorneys, senior care managers, and others whose clientele is on the far side of sixty will benefit as well.
Retirement and good living: With a compelling and readable style, Geber takes her readers on a journey, starting with the choice for childlessness and why so many boomers were able to make that decision. She then reviews the role of adult children in an aging parent's world and suggests ways in which Solo Agers can mitigate the absence of adult children by relationship building and rigorous planning for their future. Geber shares her expertise on what constitutes a fulfilling older life and how Solo Agers can maximize their opportunities for financial security, physical health, meaning and purpose in the second half of life and, finally, planning for the end game.
Retirement guide: Through stories and narrative, the author explores housing choices, relationships, and building a support system. You will learn about:
- different levels of care and independence in various types of living arrangements
- how to initiate discussions among friends and relatives about end-of-life treatment
- 'what if' scenarios
- who to talk to about legal and financial decisions
Geber's stories of Solo Agers are gleaned from friends and clients in a variety of circumstances. Each one demonstrates decisions and choices these people have made and illustrates the importance of thinking ahead and taking action now.
Essential Retirement Planning for Solo Agers is pragmatic and provocative, but softened with humor. Many of the chapters include worksheets or checklists, encouraging the reader to go beyond imagining and begin his or her own planning for the voyage ahead.
- End of donut hole for brand name prescription drugs
- New Medicare costs and Social Security amounts for 2019, and
- New Medicare Advantage features and enrollment.
Whether you're looking for yourself or helping a parent, you'll find valuable information here to help get the benefits you've earned.
- making a will or living trust
- naming a guardian for your children
- avoiding probate
- choosing an executor
- using durable powers of attorney, and
- preparing a health care directive.
Retire happy and healthy without keeping a million bucks in the bankThe financial-service industry wants you to believe that in order to avoid financial destitution, you need to put aside huge amounts of money that you -- let's say it together -- ""should have begun saving years ago."" Not true, states Ralph Warner, Nolo co-founder and the author of Get a Life. Although a sensible savings plan makes good horse sense, many other actions and decisions will determine whether you enjoy your retirement years. Get a Life shows you how to beat the anxiety surrounding retirement, and to develop a plan to make your golden years the best of your life by: - developing family relationships
- maintaining and creating friendships
- improving health
- keeping active
- developing a robust curiosity for the world
- realistically calculating how much money you need and how to secure it The 5th edition provides the latest research and studies that show physically and mentally active retirees live longer and enjoy happier lives. Get a Life shares with readers sensible ways to ensure a fulfilling retirement ways that have little to do with accumulated wealth and everything to do with quality of life. Warner stresses the importance of: developing family relationships; maintaining and creating friendships; improving health; keeping active; developing a robust curiosity for the world. Conversations with a variety of active, older individuals also featured.
You're in Control of Your Retirement Future
Inside are twenty major financial decisions that could profoundly impact your lifestyle over the next forty years. For many retirees, these decisions come as a surprise and must be made hastily without proper consultation. But by reading the expert, commission-free advice in this fully revised and updated edition, you'll learn how to manage your assets and prepare for the best possible retirement.
-Do I have enough money to retire now?
-How will I cover my medical expenses during retirement?
-When should I begin taking Social Security?
-How much should I invest in stocks, bonds, and cash?
-What criteria should I use to identify the best investments?
-Should I cancel my life insurance policy?
-Should I pay off my mortgage at retirement?
Get the most out of your 401(k) in any economy
Filled with sample 401(k) portfolios for every stage of life
Invest your 401(k) money wisely and make the most of your retirement
Want to know what kind of investment mix you need to make your retirement money grow? Don't know what to do with a 401(k) account from your last job? Worried that your company's 401(k) plan doesn't cut it? Relax This simple, plain-English guide shows you how to manage your accounts, minimize your risks, and maximize your returns.
The Dummies Way
* Explanations in plain English
* "Get in, get out" information
* Icons and other navigational aids
* Tear-out cheat sheet
* Top ten lists
* A dash of humor and fun