Use the New Tax Law to Retire on Your Terms

Are you planning your retirement with the Economic Growth and Tax Relief Reconciliation Act of 2001 in mind? If not, you could be missing out on important changes that could help you build a larger nest egg or even retire early. Drawing on the experience of the nation’s premier tax and financial planners, Ernst & Young’s Retirement Planning Guide, Special Tax Edition shows you how to use the new tax law to plan for a secure future–whether you’re just getting started or on the verge of retirement.

This practical guide highlights key financial and personal issues you need to consider during your pre-retirement and retirement years, including essential information on how the new tax law will affect your retirement.

From guidance on portfolio diversification and Social Security to the new tax rules that will impact IRAs and 401(k) plans, Ernst & Young’s Retirement Planning Guide, Special Tax Edition provides the insight and assistance you need to take advantage of the new tax law and plan for a financially secure future.

• The effect the new tax law will have on your retirement plan–from pension withdrawals to IRA limits and new tax-deferred plans
• The latest financial instruments for retirement savings
• Worksheets, tips, and action items, as well as additional resources, including Web sites
• Strategies to overcome adverse financial events
• Wealth-building techniques to help you retire early
• Practical ideas and easy-to-understand charts and tables

Fewer than 20% of Baby Boom women will experience a secure retirement. Marriage, education, occupation, home ownership--these variables predict their future. Possession of all four indicates retirement security, and absence of any increases risk of old-age poverty. This riveting sociological study also examines the social relations and structures that will determine the retirement experience, options, and decisions for more than 40 million Baby Boom women. These women's material base and social status are examined through the use of empirical data, and the key predictors of their retirement are identified. The massive entry of Baby Boom women into the labor force increases the importance of retirement planning for working women. It comes at a time when existing research models and data are outdated and inadequate to effectively predict their future retirement experience. Over the past 30 years, American men and their spouses have benefited from the linear, undifferentiated model of the traditional male retirement. For the Baby Boom generation, however, the nature of work has changed significantly. The current retirement model may not serve Baby Boom men as well as in the past, let alone Baby Boom women. In contrast, this book offers a new, dynamic model that considers the social and work structures influencing women's lives and that accurately reflects the predictors and parameters of Baby Boom women's retirement.

Valuable guidance on adjusting to and managing this new stage of your life

When you retire, your emotions, lifestyle, and relationships undergo an enormous change. This comforting journal encourages you to examine the impact retirement will have on your life, invoking the healing power of writing to allow you to reflect upon and interpret your feelings.

The Healing Journey Through Retirement is designed to help you look deep within yourself to determine what work has meant to you, explore what you want when you leave the work force, and shape your plans and expectations for the future. This inspirational resource will be your guide to redesigning and rebuilding a central structure for your life beyond work-and doing so with a renewed sense of purpose.

Acclaim for The Healing Journey Through Retirement . . .

"A must read for retirees and those contemplating retirement. In retirement most feel that financial security is all that is needed-not so. The shocker is we realize too late that the mental and emotional relationship with those closest to us must be addressed."

Other books in The Healing Journey series include:

The Healing Journey, 208 pp., Paper (0-471-24712-X)

The Healing Journey for Couples, 288 pp., Paper (0-471-25470-3)

The Healing Journey Through Divorce, 264 pp., Paper (0-471-29575-2)

The Healing Journey Through Grief, 264 pp., Paper (0-471-29565-5)

"If you, a regular Joe like me, are not a movie star or an overpaid professional baseball player or a lottery winner or a high-powered executive, what are your chances of becoming a millionaire? Better than you think--much better. And you don't have to strike oil to do it. The secret? It's not glamorous, but it is simple, and almost foolproof, because the math is in your favor. It's my story, and the story of others who are quietly amassing 401(k) fortunes--and the simple plan to make your story my story. "
A surefire plan for financial independence--through bull and bear markets.
Knute Iwaszko--by turns a chemist, a salesman, and an innkeeper--made a million dollars without robbing a bank, without an inheritance, and without a Silicon Valley startup. He made it in a reliable but thoroughly new-fashioned way: by maximizing the potential of his 401(k) plan--and now he's going to tell millions of people how they, too, can become millionaires. This book will thoroughly explain the ins and outs of how 401(k) plans work, including tax benefits, contribution requirements and limits, withdrawal limitations, and risk management--and then fully describes "Knute's Unbeatable, Unbreak-able Rules for Making It to a Million": a foolproof formula that gives readers a step-by-step regimen for maximizing the potential of their 401(k) plans.
With simple, accessible language and clear, detailed steps for financial success, The 401(k) Millionaire is required reading for anyone who wants to make the most of his or her money.
"If you follow my five simple rules for 401(k) investing, there's no doubt in my mind that you can end up a 401(k) millionaire, too. Allow me to demonstrate how it's done . . ."
401(k) millionaire Knute Iwaszko's practical, surefire plan for financial success includes such topics as:
How I Became a 401(k) Millionaire
The 401(k): Your Personal Money Machine
The Perils of Procrastination
Maxing Out: More Money for You--and Less for Uncle Sam
Learning the Ropes: Your Inner Savvy Investor
Be Aggressive: Your Retirement Depends on It
Knute's Recipe for Success

"From the Hardcover edition."

Plenty of books tell you how to plan for retirement. This book tells you how to manage it once you are there.

Retirement: A time in your life when you should be kicking back and relaxing on a sandy beach or a golf course, without a care in the world. Right? Well, these days it's a bit more complicated than that. With Social Security and Medicare hanging in the balance, questions and uncertainties abound: Will you have enough money? Will you need a part-time job? Do you have adequate health insurance? Here is the road map you need for a comfortable, stress-free retirement—complete with sandy beaches, if that's your preference. Ron and Murray Yolles, a father-and-son team who have advised retirees on money matters for fifty years, provide a solid, down-to-earth plan for a successful retirement, covering everything from the best investment strategies to maximizing retirement plans and IRAs.

"Will your money last? This book helps make sure it does for the millions of Americans entering retirement, answering this key question and many more in an easy-to-read, friendly way." —Jean-Marie Eveillard, President, SoGen Funds.

"You're Retired, Now What? is a great read to help clear one's mind of all the conflicting financial advice that exists today." —David Herro, CFA, Partner, Director of International Equities The Oakmark International Funds.

One of the best investments ever devised, readers can now discover exactly how to take charge and make the most of their company sponsored retirement plans, and much more.

The award-winning CNBC anchor and respected financial expert Bill Griffeth has interviewed every top investor in the world. Now, he condenses strategies guaranteed to provide wealth for years to come into ten crucial steps that can help readers achieve a secure financial future.

Achieve your dream of retiring abroad while on a budget

"The International Living Guide to Retiring Overseas on a Budget" provides a detailed guide to one of the least-known but most effective retirement strategies in today's chaotic economic environment: retiring abroad. The premise is simple: Enjoy a happier, healthier, more fulfilling retirement than you could possibly afford in the U.S. or Canada by finding the right overseas retirement haven. The book reveals those affordable havens and the strategies for successfully making the move that could save your retirement. Aimed at retirees and near-retirees in the U.S. and Canada, this book's strategies apply just as well to younger people and people with families who are looking for ways to improve their quality of life while at the same time lowering their cost of living. It includes solutions for the challenges of continuing to work and earn money abroad, too.

As long-time contributors to the acknowledged leader in the field, "International Living," authors Suzan Haskins and Dan Prescher have at their disposal more than thirty years of International Living experience and expertise in the topic. They've been writing about living overseas for more than 12 years and have created their own broad and deep body of work, including regular blogs on the topic for Huffington Post and AARP. The authors include information and strategies that can be successfully applied by anyone regardless of their political or economic opinions. For anyone who wants a happier, healthier, more affordable life, "The International Living Guide to Retiring Overseas on a Budget" shows you how to enjoy the romance and excitement of living abroad on an affordable budget.

Those of us in midlife are facing a dilemma: We are going through a period of multiple life-altering changes all at the same time - at work, at home and within. More of us are being made redundant than ever before, just when we need it the least. More of us are becoming self-employed. More of us are experiencing losses of status and crises of self-confidence - and that was before COVID-19! Our relationships with our partners, our parents and our children are all entering new phases. Meanwhile, half of us are also going through the menopause. Yet we are healthier and more vibrant than previous generations - and we are living longer. Much longer. We are 50 years young, not 50 years old. But more importantly, we don't know where or who to turn to for help. If the thought of consulting a 'life coach' makes you twitch involuntarily, but you want more than impenetrable financial advice from an IFA - this book is for you. Award-winning author Campbell Macpherson and yoga therapist co-author Jane Macpherson will help you embrace these changes and come out on top. From dealing with seemingly ubiquitous ageism and starting your own business to building resilience, finding a financial adviser you can trust and learning from professional athletes who are forced to 'retire' in their early thirties, the Macphersons show that your 'Part Two' isn't about retirement or ageing; it's about change and how you turn it to your advantage. You: Part Two is the must-read guide to thriving in the second half of your life.

How can you make the most of retirement? How should you plan for retirement? What are the challenges of retirement and how can they be dealt with? The Psychology of Retirement looks at this life stage as a journey that involves challenges, opportunities, setbacks, periods of disenchantment and, often, exciting new beginnings. Taking a positive approach, the book explores how retirement provides opportunities to cultivate new friendships, interests and hobbies, consolidate and renegotiate long-held ones, and even re-invent oneself in a post-work environment. It also emphasizes the value of pre-retirement planning, and the importance of establishing new goals and purposes. Retirement can be a period of significant psychological growth and development and The Psychology of Retirement shows how it can herald the beginning of a vibrant and active stage of life.

Neuroscientists estimate that over 90 percent of our operating systems-beliefs, behaviors, patterns-are unconscious. Since the surface story determines less than 10 percent of our decisions, how can we illuminate the shadow story responsible for over 90 percent of what we do each day? Once we systematically understand our relationship with money, can we overcome the mind and brain's resistance to change? Especially when so many of the current popular strategies for change are contrary to the way the mind and brain work? Each money story line contains unspoken assumptions, emotional agendas, and unconscious meanings. Money becomes a portal to the immaterial and the intangible, a Rorschach onto which we project our needs and hopes. Your New Money Story: The Beliefs, Behaviors, and Brain Science to Rewire for Wealth combines twenty-five years of psychiatric and psychoanalytic practice and over a dozen years of professional and executive mentor coaching with groundbreaking research in psychology, neuroscience, and behavioral economics to show readers how to recognize money behaviors ghostwritten by hidden assumptions, overcome the brain's patterned responses that lead to bad decisions, harness the power of regulating states of mind, develop the art and neuroscience of money strategies, and identify and remedy emotionally based money mistakes and financial fallacies. The ROADMAP System deconstructs the process of understanding a money story to systematically construct a new one to write new mind software and rewire the brain for wealth.

The "Washington Post" and "New York Times" Business Bestseller

"Everyone in the workforce today should read this book "
--HORACE B. DEETS, FORMER EXECUTIVE DIRECTOR, AARP

"Want excellent insights on retirement planning from a professional who's actually experienced retirement himself? You'll get just that from Stan Hinden's book."
--STEVE VERNON, COLUMNIST, CBSMONEYWATCH.COM

"Provides the most important information you'll need before and during your retirement."
--MICHELLE SINGLETARY, "THE WASHINGTON POST"

Award-winning "Washington Post "retirement columnist Stan Hinden's bestselling "How to Retire Happy, "Fourth Edition, helps you make the right decisions to ensure a happy, healthful retirement. It delivers all the expert advice you need in an easy-to-understand step-by-step style. "How to Retire Happy "includes everything that has made previous editions the go-to guides for retirees and near-retirees, plus: Brand-new material on health insurance and the prescription drug plan The facts about Medicare Part A (hospital), Part B (tests, doctors, preventive care), and Part D (prescription drugs) The author's personal experiences with the realities of long-term Alzheimer's care Fully updated material on Social Security strategies How to handle the financial realities of the post-meltdown economy New resources you can turn to for extra advice

Investors, shell-shocked by the "Great Recession" of 2008-2009, are looking for answers, for something fresher than the old 'buy-and-hold' mantra. They hunger for stability, yet yearn for growth to rejuvenate their battered portfolios.

Ray Lucia's "The Buckets of Money Retirement Solution: The Ultimate Guide to Income for Life" provides just that--a reassuring and scientifically proven strategy that gives investors both growth and income.

Lucia, a Certified Financial Planner who's helped thousands of people invest more than $2 billion, explains how to spend down 'safe' buckets (containing, for example, Treasuries, CDs, bonds), while leaving a riskier bucket (real estate, stocks and alternative investments) to grow long-term. This strategy shields investors from the short-term ups and downs of the market. And it gives them the courage and discipline to stay invested no matter what the future holds.

Written in a breezy, accessible style and loaded with tons of examples and clear, specific calculations, the book explains how to set your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, readers will learn how to achieve both income and growth while at the same time reducing risk. "All in all," Lucia writes, "this plan is akin to a sports car that seats six, approximating the best of both worlds. In this case by being a conservative strategy that's also growth-oriented."

Almost every kind of investment--stocks, bonds, commodities, real estate--plunged in the past year or two, turning off millions of investors who'd been planning for and counting on a reasonably comfortable retirement. These retirees or near-retirees need solutions ... something fresher than the old 'buy-and-hold' mantra. Yet here's what they hear from the financial-services industry: Set up an asset-allocation model, then take a systematic withdrawal to support your retirement ... remembering, of course, to rebalance the accounts to remain in sync with the model. Wrong That maximizes the advisors' fees but doesn't protect the investors' assets during the tough times.