Download or read book Die with Zero written by Bill Perkins and published by Houghton Mifflin. This book was released on 2020 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A ... new philosophy and ... guide to getting the most out of your money--and out of life--for those who value memorable experiences as much as their earnings"--

Download or read book Retirement Planning Guidebook written by Wade Pfau and published by . This book was released on 2023-03-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Retirement Planning Under Partial Information written by Nicole Bäuerle and published by . This book was released on 2019 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper analyses an optimal consumption and investment problem of a retiree with a constant relative risk aversion (CRRA) who faces parameter uncertainty about the financial market.We solve the optimization problem under partial information by making the market observationally complete and consequently applying the martingale method to obtain closed-form solutions to the optimal consumption and investment strategies. Further, we provide some comparative statics and numerical analyses to deeply understand the consumption and investment behavior under partial information. Bearing partial information has little impact on the optimal consumption level, but it makes retirees with a RRA smaller than one invest more riskily, while it makes retirees with a RRA larger than one invest more conservatively.

Download or read book Retirement Planning For Dummies written by Matthew Krantz and published by John Wiley & Sons. This book was released on 2020-01-07 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advice and guidance on planning for retirement Retirement Planning For Dummies is a one-stop resource to get up to speed on the critical steps needed to ensure you spend your golden years living in the lap of luxury—or at least in the comfort of your own home. When attempting to plan for retirement, web searching alone can cause you more headaches than answers, leaving many to feel overwhelmed and defeated. This book takes the guesswork out of the subject and guides readers while they plan the largest financial obligation of their life. Take stock of your finances Proactively plan for your financial future Seek the help of professionals or go it alone Use online tools to make retirement planning easier Whether you're just starting out with a 401(k) or you’re a seasoned vet with retirement in your near future, this book helps younger and older generations alike how to plan their retirement.

Download or read book Personal Finance After 50 For Dummies written by Eric Tyson and published by John Wiley & Sons. This book was released on 2021-03-26 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best way to take control of your post-career financial future Retirement is lasting longer for all of us. That’s why—and however long you decide to keep working—it’s essential to plan ahead so you can live your post-career life as you wish. The latest edition of Personal Finance After 50 For Dummies details what you need to know—making it the perfect book to shelve next to your diet and fitness library, so you can keep your finances, as well as your health, in peak condition. Whether you’re new to financial planning or are pretty savvy but want to cut through the noise with targeted information and advice, you’ll find everything you need to know about how best to spend, invest, and protect your wealth so you can make your senior years worry-free, healthy, and fun. In plain English, retirement and financial experts Eric Tyson and Bob Carlson cover all the issues from investing, Social Security, and the long-term insurance marketplace to taxes and estate planning—including state-by-state differences. They demystify the muddy world of financial planning and provide strategies that make the course ahead crystal clear. They also dive into less obvious territory, showing how it’s possible to strategize financially to avoid the worst impact of unexpected events—such as the COVID-19 crisis—as well as exploring what investment approaches you can take to protect the most important possession of all: your own and your family’s health. Minimize your taxes and make wise investing decisions Find out how the SECURE Act affects retirement accounts and savings Navigate the latest Medicare, Social Security, and property tax rules Dig into what’s new in estate planning and reverse mortgages Get what you want from your career as you approach retirement Whether doing it for yourself or for parents, it’s never too late to begin retirement planning—and this highly praised, straightforward book is the best way to take control, so you can be confident your senior years are exactly what you want them to be: golden.

Download or read book Retirement Plans for Self employed Individuals written by United States. Internal Revenue Service and published by . This book was released on 1996 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimal Retirement Planning written by Saisai Zhang and published by . This book was released on 2018 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global trend of shifting from defined benefit (DB) to defined contribution (DC) workplace pension plans is putting growing pressure on individuals to take more ownership in retirement planning and financial decision-making. The essence of the DB is the life-long income guarantee, which requires limited financial planning decisions to be made, either in the accumulation or decumulation phase. The DC on the other hand, is significantly more complex. The lump sum payment at retirement burdens individuals with the task of income generation, in the presence of challenges stemming from an uncertain future lifetime, economic conditions, and evolving consumption needs. The average retiree has limited competency to navigate these challenges, due to low financial literacy, lack of willpower, or deteriorating cognitive abilities with older ages. The high stake of these challenges calls for a normative solution to be proposed - a solution that considers the intricacy of risks, preferences, and normative objective formulations. The objective of this thesis is to explore such a solution. This thesis comprises three inter-related research directions: long-term economic scenario generators (ESGs), recursive preferences in life-cycle portfolio selection, and retirement objective formulation. A brief description of the subsequent chapters will now follow. The first chapter conducts a review of Wilkie's ESG, with analysis restricted to series pertinent to retirement planning. Our main findings indicate that there exist challenges in modelling long-term economic series due to the presence of multiple structural shifts in the historical time series. Consequently, certain assumptions of stationarity are violated, and parameters are sensitive to the calibration period. A backtest based on 30-year out-of-sample data indicated that over that period the model had tended to overestimate inflation, underestimate total return on stocks, and performed relatively well for long-term interest rates. Additionally, Wilkie's ESG can be under-representative of the risk in long-term stock investment, particularly in the tails. The second chapter provides an introductory discussion of Epstein-Zin preferences, which are adopted in the succeeding chapter as a normative preference model. The purpose is to first investigate the implied optimal behaviour and its plausibility. We pay particular attention to whether the output leads to plausible behaviour given the context of retirement planning. Specifically, analytical solutions for a simple consumption problem are derived, isolating the impact of relative risk aversion (RRA), elasticity of intertemporal substitution (EIS), time discounting, and risks stemming from mortality, investment, and inflation. We investigate three Epstein-Zin models employed in the literature, which differ in their treatment of mortality risk, and find that some lead to normatively implausible solutions. Importantly, we find that the EIS is not always monotone in its effect on consumption volatility over time, meaning that its interpretation can be ambiguous when considering an uncertain future lifetime. This has been misinterpreted in the literature to date. We also show that one particular Epstein-Zin specification is not necessarily a generalization of expected utility maximization under constant relative risk aversion, as many works wrongly claim. The third chapter investigates the normative validity of the optimal consumption and investment strategies of a discrete-time Epstein-Zin utility maximizing DC retiree who wishes to benefit from stock investment, longevity insurance, and inflation protection. A comparison of three Epstein-Zin specifications is conducted. We use a combination of qualitative and quantitative criteria to evaluate the adequacy of the optimal consumption profile, with special attention paid to the downside risk at extreme old ages. We find that it remains optimal to fully annuitize, but agents with high relative risk aversion hold precautionary savings, the level of which is impacted by the EIS and the preference specification. As discussed in the preceding chapter, the interpretation of EIS on consumption volatility is found to be ambiguous. Investigations of the optimal consumption profile reveal that agents are exposed to relatively high levels of downside risk in the long run. This is partially attributed to a time discounting factor less than 1, which implicitly (and contradictorily) assumes myopia in normative decision-making. An investigation of zero time discounting is conducted, with downside risk found be to significantly reduced in the long run. The fourth chapter focuses on retirement objective formulation. This chapter is motivated by the unsatisfactory normative solutions found in the preceding chapter under mathematically convenient objective functions. In order to develop more actionable prescriptive solutions, we seek to holistically explore actual retirement decision-making. To this end, we conduct a survey study of 1,000 Canadian (pre-)retirees age 50 to 80, on topics of retirement consumption, wealth, income, risk perception, decision making, and planning objectives. Additionally, we investigate the descriptive validity of the expected lifetime discounted utility maximization framework in predicting optimal planning behaviours. Overall, there is overwhelming evidence of heterogeneity in wealth, income, concerns, and objectives. We find a prevalence of low retirement assets, a severe underestimation of survival probabilities to an extreme old age of 95, and a strong aversion toward life annuities. Pre-retirees appear to have reasonable expectations regarding income and assets in retirement, with the median retiree relying heavily on public pension sources. (Pre-)retirees are primarily concerned with liquidity needs, consumption smoothing, inflation, and longevity in retirement, and are least concerned with bequests. We elicited risk and time preferences, and found an average RRA parameter between 1.74 to 2.48 for pre-retirees and 2.48 to 3.74 for retirees, and a median subjective time discount factor of 0.997. A study of decision-making under risky scenarios reveals dramatic differences between the actual and implied choices under the expected utility maximization framework. Particularly, in the presence of inflation risk, agents lack the understanding of the long-term cumulative impact of inflation on the cost of living. In the presence of investment risk, the upside gain drives decision-making, and the presence of minimum income protection effectively provided by public pension income induces more risk-taking behaviour. The last chapter concludes the thesis, and proposes general directions for future work in retirement planning research.

Download or read book The Bogleheads Guide to Retirement Planning written by Taylor Larimore and published by John Wiley & Sons. This book was released on 2009-09-24 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bogleheads are back-with retirement planning advice for those who need it! Whatever your current financial situation, you must continue to strive for a viable retirement plan by finding the most effective ways to save, the best accounts to save in, and the right amount to save, as well as understanding how to insure against setbacks and handle the uncertainties of a shaky economy. Fortunately, the Bogleheads, a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, are here to help. Filled with valuable advice on a wide range of retirement planning issues, including some pearls of wisdom from Bogle himself, The Bogleheads' Guide to Retirement Planning has everything you need to succeed at this endeavor. Explains the different types of savings accounts and retirement plans Offers insights on managing and funding your retirement accounts Details efficient withdrawal strategies that could help you maintain a comfortable retirement lifestyle Addresses essential estate planning and gifting issues With The Bogleheads' Guide to Retirement Planning, you'll discover exactly what it takes to secure your financial future, today.

Download or read book Retirement Planning Guidebook written by Wade Pfau and published by Retirement Researcher Media. This book was released on 2023-03-15 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: *This is the Revised 2024 Book Edition* The Retirement Planning Guidebook helps you navigate through the important decisions to prepare for your best retirement. You will have the detailed knowledge and understanding to make smart retirement decisions: - Understand your personal retirement income style, which can then help you navigate through the conflicting opinions about retirement strategies to choose your right path. - Learn about investment and insurance tools that may best resonate with your personal style. - Determine if you are financially prepared for retirement by quantifying your financial goals (annual spending, legacy, and reserves for the unexpected) and comparing them to your available assets. - Make smart decisions for when to start Social Security benefits, which could potentially support an additional $100,000 or more of lifetime income from Social Security over your lifetime. - Develop a plan for making the best initial and ongoing choices from the alphabet soup of Medicare options, as well as how to find health coverage if you retire before Medicare eligibility. - Assess where you wish to live in retirement and whether there are helpful ways to incorporate housing wealth into your retirement strategy. - Decide how to manage your long-term care risk between self-funding, Medicaid, or private insurance, and take steps to support living at home for as long as possible. - Understand how to manage your taxes to pay less, to avoid common pitfalls, and to have more for your lifetime and your legacy. You will be able to apply tax diversification, asset location, tax bracket management, and Roth conversions to enhance the sustainability of your retirement assets. - Get your finances organized and understand how to get your estate and incapacity planning documents in order, including your will, account titling, beneficiary designations, financial power of attorney, and advance health care directives. - Identify whether there is a role for trusts in your estate plan for reasons related to avoiding probate, controlling how and when assets are disbursed, obtaining creditor protections, or helping to manage estate taxes. - Prepare for the non-financial aspects of retirement, including the need to find purpose and passion, to understand if there is a role for work in retirement, to enhance relationships and social connections, and to maintain an active and healthy lifestyle. Retirement has an entire vocabulary associated with it. We'll demystify the 4% rule, sequence-of-return risk, time segmentation and buckets, reverse mortgages, income annuities, variable annuities, fixed index annuities, long-term care insurance, living trusts, irrevocable trusts, budgeting, the funded ratio, Medicare Advantage, Medicare supplements, diversified investment portfolios, Roth conversions, the hazards of the Social Security tax torpedo and increased Medicare premiums, buffer assets, 401(k) plans and IRAs, the rollover decision, distribution options for defined-benefit company pensions, RMDs, QCDs, aging in place, cognitive decline, and so much more. The Retirement Planning Guidebook does not let important matters fall through the cracks. This is a comprehensive look at the key retirement decisions to achieve financial and non-financial success. You will have the foundation to make the most of your retirement years, and I hope you'll be able to do something great!

Download or read book The Barefoot Retirement Plan written by Doyle Shuler and published by Smart Retire Plan, LLC. This book was released on 2014-08-29 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Barefoot Retirement Plan reveals a little-known, 150 year old proven retirement planning strategy that quite simply, beats the pants off other plans. That’s why many are calling this non-traditional plan, “America’s Most Powerful Retirement Plan.” Less than .01% have even heard of this patent pending plan. The rich have quietly been using variations of this plan for over a century. Large corporations, banks and financial institutions own hundreds of billions worth of these plans. The reason some of the brightest minds in the world invest so heavily in these strategies is because, they work! If you’re like the majority of Americans who have been faithfully following the mainstream traditional investment advice, and relying on your IRA (Individual Retirement Account) or 401(k) to reach your retirement goals, you’re probably very concerned about having enough funds to last throughout retirement. 61% of Americans fear running out of money during retirement, more than they fear death. It doesn't have to be that way. This plan can help you to look forward to retirement, instead of dreading it. We’re giving away our custom retirement savings calculator for free. In our opinion, it’s the best retirement calculator out there. It visually shows you the power of this plan compared to your current retirement plan, IRA, ROTH, 401(k), etc. You can get your free Barefoot Retirement calculator at: BarefootRetirement.com/calculator This is not just another boring financial book. It’s written in layman’s terms and you will find lots of images and charts to help you clearly grasp the concepts. This book will show you how you can create a retirement plan that offers: • 100% tax-free retirement income • Life-time, tax-free, predictable income that lasts as long as you do • Single most powerful tax strategy that’s legally allowed in this great country • Completely private and requires no reporting • Guarantees you will not lose money due to market declines • Liquid, flexible and easy to use • Creditor proof in most states • No investment restrictions • The best way to stock-pile cash and build wealth, tax-free and take less risk • No contribution limits, pending qualifications • No distribution penalties • Leverage options to earn TWICE on the same funds • Lowest fees you will find anywhere • You’ll discover how this plan has much less risk than traditional plans You will not find a better retirement plan anywhere!

Download or read book Optimal Retirement Planning with a Focus on Single and Joint Life Annuities written by Agnieszka K. Konicz Bell and published by . This book was released on 2016 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: We optimize the asset allocation, consumption and bequest decisions of an investor with uncertain lifetime and under time-varying investment opportunities. The asset menu is given by stocks, zero coupon bonds and pure endowments with different maturities. The latter are contingent on either a single or a joint life, and pay fixed or variable benefits. We further include transaction costs on stocks and bonds, and surrender charges on pure endowments. We show that despite high surrender charges, annuities are the primary asset class in a portfolio, and that annuity income is never fully consumed, but used for rebalancing purposes. We argue that the optimal retirement product for a household is much more complex than any of those available in the market. Every household should be offered an annuity tailored to its needs, using a unique combination of assets and mortality protection levels.

Download or read book The Ultimate Retirement Guide for 50 written by Suze Orman and published by Hay House, Inc. This book was released on 2020-02-25 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The instant NEW YORK TIMES BESTSELLER WALL STREET JOURNAL BESTSELLER PUBLISHERS WEEKLY BESTSELLER USA TODAY BESTSELLER #1 PERSONAL FINANCE EXPERT Revised & Updated for 2023 THE PATH TO YOUR ULTIMATE RETIREMENT STARTS RIGHT HERE! Retirement today is more complex than ever before. It is most definitely not your parents' retirement. You will have to make decisions that weren't even part of the picture a generation ago. Without a clear-cut path to manage the money you’ve saved, you may feel like you're all on your own. Except you're not—because Suze Orman has your back. Suze is America's most recognized personal finance expert for a reason. She's been dispensing actionable advice for years to people seeking financial security. Now, in this revised and updated Ultimate Retirement Guide for 50+, which reflects recent changes in retirement rules passed by Congress, Suze gives you the no-nonsense advice and practical tools you need to plan wisely for your retirement in today's ever-changing landscape. You'll find new rules for downsizing, spending wisely, delaying Social Security benefits, and more—starting where you are right now. Suze knows money decisions are never just about money. She understands your hopes, your fears, your wishes, and your desires for your own life as well as for your loved ones. She will guide you on how to let go of regret and fear, and with her unparalleled knowledge and unique empathy, she will reveal practical and personal steps so you can always live your Ultimate Retirement life. "I wrote this book for you," Suze says. "The worried, the fearful, the anxious. I know you need help navigating the road ahead. I've helped steer people toward happy and secure retirements my whole life, and that's exactly what I want to do for you."

Download or read book The Retirement Blueprint written by Sameer Dhawan and published by Nextgen web llc. This book was released on 2024-03-29 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dive into the essential guide for navigating the complexities of retirement in the modern financial landscape with "The Retirement Blueprint: A Step-by-Step Guide to Building Your Ideal Retirement ." Authored by the seasoned financial strategist Sameer Dhawan and published by Nextgen Web LLC, this book emerges as a beacon for those seeking a secure, fulfilling retirement. In an era where financial stability in retirement seems increasingly elusive, Sameer Dhawan demystifies the latest in retirement planning, including the pivotal changes introduced by the SECURE Act 2.0. With over two decades of experience, Sameer Dhawan combines real-world case studies, personal anecdotes, and strategic insights to offer readers a roadmap to not just navigate but thrive in their retirement planning. Whether you're a financial professional looking to deepen your expertise or an individual aspiring to secure your financial future, Sameer Dhawan's guidance is both accessible and enlightening. From maximizing retirement accounts and investment strategies to understanding the nuances of healthcare and tax planning in retirement, this book covers it all. Beyond mere financial advice, "The Retirement Blueprint: A Step-by Step Guide to Building Your Ideal Retirement " encourages readers to envision and work towards a retirement that aligns with their deepest aspirations and values. It's not just about financial security but about crafting a retirement journey that is as rewarding as it is financially sound. Prepare to transform your approach to retirement planning. Equip yourself with the knowledge, strategies, and insights needed to navigate the changes and challenges of the modern retirement landscape. Your journey towards a future-proofed retirement begins here.

Download or read book How Much Money Do I Need to Retire written by Todd Tresidder and published by Financialmentor.com. This book was released on 2020-01-02 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how retirement really works before it's too late... "This book is the best I've seen on how to navigate the retirement savings question." (Forbes) Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money. How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning. In this book, you'll learn: Why the best way to describe most retirement estimates is garbage-in/garbage-out The five critical assumptions that can destroy your financial security How to reduce the amount you need to retire by as much as $600,000 Three strategies to maximize spending today while protecting for the future How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius Read this book to know more about your retirement planning than your financial adviser. Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link of personal finance books will make you sleep easier. No retirement is secure without it. Buy the book today so you can retire with confidence!

Download or read book Empower Your Retirement written by Jason Cryderman and published by Advantage Media Group. This book was released on 2021-07-13 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: TAKE IT FROM THE RETIREMENT PLANNING EXPERTS As you approach retirement, certain questions are bound to come up. Will we have enough money for the rest of our lives? Have we prepared adequately? How can we be sure? You want to do more than just get by. Your retirement should overflow with a lifetime of wonderful memories as you make new ones every day. What you need today is the confidence that you will be able to rekindle your dreams for that bright tomorrow--and confidence comes from taking all the proper steps in advance. By planning diligently, you can move forward with the assurance that the best is yet to be. In their practice, and in this book, the Crydermans speak to those who want to pull together the many elements of comprehensive, holistic financial planning in order to prepare for retirement. With their help, you can discover how to develop and monitor investment and income strategies tailored to meet your life goals.

Download or read book The Best of Retirement Planning written by Marion E. Haynes and published by Crisp Learning. This book was released on 1995 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The best articles and reviews from Retirement Planning, the quarterly journal of the International Society for Retirement Planning.

Download or read book Retirement Planning For Dummies written by Matthew Krantz and published by John Wiley & Sons. This book was released on 2020-02-05 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advice and guidance on planning for retirement Retirement Planning For Dummies is a one-stop resource to get up to speed on the critical steps needed to ensure you spend your golden years living in the lap of luxury—or at least in the comfort of your own home. When attempting to plan for retirement, web searching alone can cause you more headaches than answers, leaving many to feel overwhelmed and defeated. This book takes the guesswork out of the subject and guides readers while they plan the largest financial obligation of their life. Take stock of your finances Proactively plan for your financial future Seek the help of professionals or go it alone Use online tools to make retirement planning easier Whether you're just starting out with a 401(k) or you’re a seasoned vet with retirement in your near future, this book helps younger and older generations alike how to plan their retirement.