With How to Make Your Money Last , you will learn how to turn your retirement savings into a steady paycheck that will last for life. Read more...
- [-] Other Available FormatsOur PriceNew & Used MarketplaceHow to Make Your Money Last (Paperback)
Publisher: Simon & Schuster$10.19How to Make Your Money Last (Large Print Hardcover)
Publisher: Thorndike Press$34.99
With How to Make Your Money Last, you will learn how to turn your retirement savings into a steady paycheck that will last for life.
Today, people worry that they're going to run out of money in their older age. That won't happen if you use a few tricks for squeezing higher payments from your assets--from your Social Security account (find the hidden values there), pension (monthly income or lump sum?), home equity (sell and invest the proceeds or take a reverse mortgage?), savings (should you buy a lifetime annuity?), and retirement accounts (how to invest and--critically--how much to withdraw from your savings each year?). The right moves will not only raise the amount you have to spend, they'll stretch out your money over many more years.
You will also learn to look at your savings and investments in a new way. If you stick with super-safe choices the money might not last. You need safe money to help pay the bills in your early retirement years. But to ensure that you'll still have spending money 10 and 20 years from now, you have to invest for growth, today. Quinn shows you how. At a time when people are living longer, yet retiring with a smaller pot of savings than they'd hoped for, this book will become the essential guide.
Publishers Weekly® Reviews
- Reviewed in: Publishers Weekly, page .
- Review Date: 2015-11-02
- Reviewer: Staff
Veteran financial writer Quinn (Making the Most of Your Money Now) delivers another winner with this guide. Quinn begins with a practical suggestion: Retirement challenges us like nothing else... You need an action plan. And this book certainly provides the plan. Quinn includes a quick overview of the five stages of retirement, then tailors information for five distinct types of readers: married, remarried, single, widowed, and divorced. Throughout, Quinns tone is as reassuring as her words, which remind readers to talk, talk, talk, take a deep breath, and, occasionally, say an emphatic no. She guides readers through decisions about Social Security benefits, pensions, annuities, and nest egg withdrawal rates. The book also covers housing, health, and insurance considerations. Whether readers are determined to make investments on their own or want to delegate, Quinn includes specific and clear guidelines. The books reassuring summary chapter, Just Tell Me What to Do, is an invaluable reference for its brevity and helpful directions to relevant chapters and pages. Concluding on an upbeat note, Quinn describes retirement as a time when we let go of who we were and discover who weve become. This book is certain to be a hugely valuable resource for readers, wherever they are on their personal financial timeline. (Jan.)