Fully revised and updated second edition. This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement. Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including: Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more. These topics are explained with the help of specialists in each subject. And everything is based on the "science of investing" - evidenced with studies from peer-reviewed journals. Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Don't enter your retirement without it.

Retirement is a comma in our lives, not a full stop. Life After Work looks at the psychological, emotional and wellbeing issues that surround this complex and important transition in life. This book suggests that retirement is a life stage over which we may have greater control than previously thought; it no longer has to be the case that retirement is a terminal point, a time where you became sedentary and inactive. Retirement is on one level a private, individual matter that affects one's sense of self and purpose, physical and mental processes, as well as financial security or provision. On another level, retirement has an impact on relationships with loved ones, family and friends, as well as colleagues. It can strengthen or disrupt bonds, leading to new bonds being formed or to withdrawal. This book is written by successful authors and psychologists Robert Bor, Carina Eriksen and Lizzie Quarterman, each with many years' experience of helping people cope with life stage changes and prepare for retirement. It contains illustrative case studies throughout, from which valuable lessons can be learned, and draws on the very latest psychological research and techniques to provide a blueprint for planning and living a wonderful retirement or life post-work. Planning for your future is crucial in enabling you to maximise the opportunities available. Following the book's blueprint will help you prepare for this phase in your life, and the sooner you start the better. Life After Work will be of great interest to readers of all ages seeking guidance on retirement and will also appeal to psychologists of life stage changes.

While life in a nursing home is rarely considered a first choice, at times it's the best choice. Still, the decision to put a loved one in a home is incredibly difficult. This book concentrates on the positive aspects of nursing homes and offers strategies for identifying the best facilities. Among the topics covered are how to recognize signs that a family member needs extra support, determining whether in-home care is a viable option, the different types of long-term care, working and communicating with the staff, and preparing for the end of life.

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)

Everyone deserves to be able to retire with dignity, but this core feature of the social contract is in jeopardy. Companies have swerved away from pensions, and most of the workforce has woefully inadequate retirement savings. If we don't act to fix this broken system, rates of impoverishment for senior citizens threaten to skyrocket, and tens of millions of Americans reaching retirement age in the coming decades will be forced to delay retirement and will experience a dramatic drop in their standard of living. In Rescuing Retirement, Teresa Ghilarducci and Tony James offer a comprehensive yet simple plan to help workers save for retirement, increase retirement savings by earning higher returns, and guarantee lifelong income for everyone. Built on people's own money in individual Guaranteed Retirement Accounts, the plan requires no new taxes, no more bureaucracy, and no increase in the deficit. Speaking to Americans' growing anxiety about their ability to retire, Rescuing Retirement provides answers to anyone wanting to understand the growing movement to protect a period of life once considered a deserved time of rest and creativity and offers a practical guide to the future of secure retirement.

This is a groundbreaking new self-help book for the 84 million Baby Boomers who want a new model for the second half of their lives the "Power Years." In bestselling books such as "Age Wave" and "Age Power," renowned trend-spotter Ken Dychtwald has explored how the aging of North America's 84 million Baby Boomers will influence virtually every aspect of society. Now, for the first time, Dychtwald and "Time" magazine senior writer Daniel Kadlec share the quality-of-life insights gained in three decades of study, research, and reporting and show Baby Boomers how to make the years ahead the best years of their lives. Through inspiring anecdotes, prescriptive advice, cutting-edge research, and even a few cautionary tales, the authors show readers over 40 how to have fun again, find a new balance between satisfying work and enjoyable leisure, enhance the quality of their relationships, re-imagine their lifestyles, rediscover their life's purpose, and keep their financial lives running smoothly in order to fund their future dreams. Published in conjunction with Dychtwald's series of "Power Years" supplements appearing in the "New York Times" magazine throughout 2005, this empowering guide to adult self-reinvention is sure to be a hit with the large, affluent audience of book-buying Baby Boomers. Ken Dychtwald, PhD (San Francisco, CA), is a psychologist and gerontologist and the author of several successful books on aging-related topics, including "Age Power," "Bodymind," and "Age Wave." Widely viewed as North America's leading visionary on the personal, social, and cultural implications of the "Age Wave," he is a consultant to major corporations and organizations and a sought-after public speaker who has presented to more than two million people worldwide. Dr. Dychtwald appears frequently on the "Today" show, "60 Minutes," "Good Morning America," and other programs. In addition to ongoing media coverage of the author in such publications as "Newsweek," "USA Today," "U.S. News and World Report," and "BusinessWeek," a major quarterly "Power Years" supplement is appearing in the "New York Times" magazine in conjunction with the book. Daniel J. Kadlec (Chappaqua, NY), has won multiple writing awards in his nine years as a columnist and senior writer at "Time" magazine; he previously won awards for columns in "USA Today." He has been a contributing editor at CNN and has appeared on "Good Morning America," CNBC, and PBS's "Wall Street Week" and "Nightly Business Report."

This open access book introduces the modern tontine and its applications in retirement and decumulation. Personal financial management in the later stages of life presents unique challenges, and renowned retirement planning expert Dr. Milevsky proposes the modern tontine as a solution. With the goal of guiding professionals and retirees in more efficient decumulation, the book demonstrates how to build a modern tontine. It is technically oriented, employing a cookbook format, featuring R code, and examining retirement planning through a statistical lens. This how-to guide, which is a sequel to his 2020 book "Retirement Income Recipes in R", will be invaluable for retirement planning professionals and advisors, as well as for PhD scholars in retirement planning, quantitative finance, and related fields. This book is open access.

Nearly all countries in the world are experiencing an aging of their populations due to declining fertility rates and rising longevity. Aging has been the subject of much discussion in the last decade, often expressed in alarmist language. On Global Aging presents a more optimistic look on the effects of aging on the economy. Nonetheless aging will pose major policy challenges on the well functioning of the economy and the society as a whole.
The book describes and analyses the effects of population aging on social and economic issues, labour and financial markets, pension and health care expenditures and public finance, and the welfare of people. It surveys also the policy measures in the face of aging to secure the resource base. They are mainly aimed at increasing labour force participation and above all at stimulating productivity growth. The book is a valuable resource for practitioners and policy makers and the wider academic community, economists, social scientists, gerontologists and others.

It's estimated that there are over 50 million pensioners-in the United States alone. Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. Who Stole My Pension? was written to give them guidance, resources, and tools so they can take action... and stop the looting. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world.

According to the World Health Organization, nearly two billion people around the world are expected to be over age 60 by 2050, a figure that's more than triple what it was in 2000. For better or for worse, never before have there been more elderly people living on planet Earth. One thing is. certain: Doing nothing-sitting back, confident your pension check is "in the mail"-is not an option.

That's a risk you can't afford to take. According to Edward Siedle, a former attorney with the United States Securities and Exchange Commission and America's leading expert in pension looting, "In the decades to come, we will witness hundreds of millions of elders worldwide, including America's Baby Boomers, slipping into poverty.

Too frail to work, too poor to retire will become the "new normal" for many of the aged." Kiyosaki, who like Siedle saw this crisis looming years ago, complements the facts and stats Siedle puts forth with strategies on how retirees can take control-not only their pensions, but their financial futures. Kiyosaki writes about the fact that his father, a highly educated man he calls his poor dad, wasn't poor until he lost his job, his paycheck-and his pension. "His PHD couldn't save him," says Kiyosaki, who has dedicated his life to teaching and financial literacy advocacy. In Who Stole My Pension? the authors focus on the most misunderstood and ignored cause of the pension crisis: mismanagement of pensions and investments. The culprits that are looting the pensions of public school teachers, firefighters, police, as well as private sector workers, are on Wall Street. The Wall Street casinos charging high fees for gambling in risky hedge funds and other speculative investments, outrageous investment-industry conflicts of interest, and outright violations of the law. Who Stole My Pension? is an in-depth assessment of the pension crisis that the world is facing today and what millions around the world-employees who expected to have pension income at retirement-can do about it.

The authors recount a history of pension failures, inexperienced boards, gambling, looting and other horror stories-with a focus on action steps workers and retirees can take to quickly determine if a pension is being mismanaged as well as the concrete steps they can take to end decades of pension mismanagement. They detail critical questions retirees can ask-and guidance regarding how to act on what they learn.

Colleges and universities across the country face huge challenges as their faculties age, their budgets stagnate, and mandatory retirement becomes a thing of the past. In "To Retire or Not?" the nation's foremost authorities on retirement policy and practice provide a critical assessment of academic labor markets and retirement patterns, explaining how to adjust pension and other incentive programs to ensure proper replenishment of intellectual and human capital. Case studies vividly illustrate how to predict the need for special retirement programs, how to structure voluntary early-out benefit plans, and how age-based retirement incentives work in practice. Recent legal decisions are assessed and critiqued.A recent amendment to the U.S. Age Discrimination in Employment Act ended mandatory retirement for tenured faculty at colleges and universities across the country. This law let individual faculty members enjoy an economic benefit enjoyed by almost all other American workers: they could choose to continue working past age 70 or "sell" the benefit back to their universities in exchange for earlier retirement. At the same time, however, educational administrators were faced with a faculty bulge created by the expansion of the professorate in the 1960s and early '70s, and the so-called "surplus army" of Ph.D.s of the 1980s. Colleges and universities everywhere are now faced with the higher costs of retaining senior professors instead of hiring entry-level replacements at lower salaries.

You Got This is a simple playbook for achieving successful retirement. There are 10,000 people retiring every day. Many of them are not prepared to shoulder the financial reality of what it takes to live comfortably in retirement. They do not have a plan, nor do they know what steps to take to build a plan. Retirement planning in today's volatile world is completely different than past generations and people need practical insights to navigate the right path to achieve their retirement goals. Scott and Jill Carter use their personal stories and expertise to encourage those approaching retirement and help both individuals and working couples get started on a step-by-step plan to achieve financial freedom. It answers the most important questions: how much retirement costs and how to pay for it. Take the fear out of retirement and achieve the secure, comfortable retirement lifestyle you deserve!

Are your financial plans on the fast track or the slow track? If you are like most, retiring early sounds great; more time to do what really interests you. To get on the fast track, you need to leverage your mind, your plan and your actions. In Retire Young Retire Rich, Kiyosaki details how he and his wife Kim achieved financial freedom in less than ten years. More importantly, he shows how a context shift in your mind allows you to create a plan that formulates the actions necessary for your financial freedom.

In the wake of the worst financial crisis since the Great Depression, lawmakers and regulators around the world have changed the playbook for how banks and other financial institutions must manage their risks and report their activities. The US Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the European System of Financial Supervision (ESFS) is also crafting a framework to supervise regulated financial sector institutions including banks, insurers, pension funds, and asset managers. The implosion of the financial sector has also prompted calls for accounting changes from those seeking to better understand how assets and liabilities are reported. Initially banks were seen by many as the most important focus for regulatory reform, but other institutions are now attracting policymaker attention. There is logic to this in terms of managing systemic risk and ensuring a level playing field that avoids arbitrage between institutional structures. Yet the nature of pension and insurer liabilities is so different from that of bank liabilities that careful attention is needed in drafting appropriate rules. The new rules are having both direct and spill-over effects on retirement systems around the world. The first half of this volume undertakes an assessment of how global responses to the financial crisis are potentially altering how insurers, pension plan sponsors, and policymakers will manage risk in the decades to come. The second half evaluates developments in retirement saving and retirement products, to determine which and how these might help meet shortfalls in retirement provision.

Your Insiders' Guide to Retirement sheds surprising light on the necessary financial planning for a secure retirement. Are you ready to retire, but are afraid of running out of money? Do you know who to trust? People imagine retirement as learning new things, challenging themselves, giving back as a mentor, spending their days with family and friends, or filling them with exciting adventures. The vision is the beginning but getting to that destination requires more steps than people realize. Your Insiders' Guide to Retirement serves as a mentor for retirees and as a guide who has been down this path countless times with a proven system in place. With a combined 75 years of experience in financial services, Troy Daum, RJ Gordon Tudor, and Jeff Poole explore why people are fed up with the scandals of Wall Street, Brokerages, and insurance companies. They introduce readers to an exciting new profession where companies act as a fiduciary. They present a paradigm shift in the financial services space and emphasize the importance of why retirees must understand and have a financial plan-and how they, too, can follow the path to an amazing retirement journey.

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.

'The book you hold in your hands is the distillate of a quarter century's teaching. It is my attempt to answer, "What next?" for students who are embarking on their "second act".' - Julia Cameron Julia Cameron has inspired millions with her bestseller on creativity, The Artist's Way. In The Artist's Way for Retirement, she turns her eye to a segment of the population that, ironically, while they have more time to be creative, are often reluctant or intimidated by the creative process. Cameron shows readers that retirement can, in fact, be the most rich, fulfilling and creative time of our lives. When we retire, the newfound freedom can be quite exciting, but also daunting. Julia guides readers through a 12-week course aimed at defining and creating the life you want to have. This book includes simple tools that will guide and inspire you to make the most of this time in your life, and includes exercises such as: Memoir writing - an opportunity to reflect on and honour past experiences. Morning Pages - a tool to empty your mind and get focus and clarity for the day at hand. Artist Dates - fun days out to discover new passions and interests, and to enjoy something new and different. Solo Walks - peaceful time alone to refresh the mind, relax the body and gain new energy and insights. This fun, gentle, step-by-step process will help you explore your dreams, wishes and desires - and help you quickly find that it's never too late to discover creativity and meaning.

The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their pre-retirement standard of living. It can be difficult for workers to make informed decisions about their retirements now based on the abundance of confusing and sometimes misleading information put forth by the media and other individuals. For this reason, Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth have written this highly-accessible guide for individuals wondering what to expect when they reach retirement age and what they can be doing now to best prepare for their future. Falling Short is grounded in academic research yet written in an accessible style for anyone concerned about their future retirement. The authors provide both a vivid picture of the retirement risks facing all Americans and a short list of practical solutions that build on our existing retirement system. The book offers the necessary context for understanding the nature and size of the retirement income shortfall, which is caused by both increasing income needs--due to longer lifespans and rising health costs--and decreasing support from Social Security and employer-sponsored pension plans. The authors give specific advice for what Americans must do now to avoid crisis in retirement; namely, people must work longer and save more. Individuals should plan to stay in the labor force until age 70 and keep their skills up-to-date, and the government should emphasize that retiring at 70 provides the largest monthly Social Security check. Social Security's long-term finances must be shored up so that it remains the foundation of the retirement system. All employers with a 401(k) plan should be required to automatically enroll their workers, increase worker contribution rates over time, and use low-cost index funds as a default investment option. A separate solution is needed for the half of the workforce that lacks even 401(k) coverage; all uncovered workers need an easy and automatic retirement saving option. Finally, individuals should not ignore what is often their largest asset--their house--as a potential source of support for retirement; home equity can be tapped through downsizing or a reverse mortgage. Acting on these solutions now will greatly improve the prospects of a secure retirement for today's workers.

The Transition to Retirement (TTR) program aims to help older people with long-term disability gradually build an active and socially inclusive retirement lifestyle through volunteering and participating in mainstream community groups. Members of these groups are trained to act as mentors and provide support. The three-year TTR research project and subsequent years of TTR service delivery have shown that this approach is feasible and has enduring positive outcomes for people with disability, mentors and community groups.The TTR manual and video material aim to make these benefits available more widely. They provide implementation details for all components of the TTR program, as well as practical tips and accounts of individual participant's experiences. DVD stories and video clips illustrate key issues. Planning forms are also included, together with an explanation of the process of teaching a person with long-term disability to use public transport independently. The TTR program is consistent with Australia's National Disability Insurance Scheme (NDIS) which focuses on building community participation and independence, and with the National Disability Strategy's emphasis on promoting social inclusion in community settings.

Retirement planning is difficult enough without having to contend with misinformation. Unfortunately, much of the advice that is dispensed is either unsubstantiated or betrays a strong vested interest. In The Essential Retirement Guide, Frederick Vettese analyses the most fundamental questions of retirement planning and offers some startling insights. The book finds, for example that: * Saving 10 percent a year is not a bad rule of thumb if you could follow it, but there will be times when you cannot do so and it might not even be advisable to try. * Most people never spend more than 50 percent of their gross income on themselves before retirement; hence their retirement income target is usually much less than 70 percent. * Interest rates will almost certainly stay low for the next 20 years, which will affect how much you need to save. * Even in this low-interest environment, you can withdraw 5 percent or more of your retirement savings each year in retirement without running out of money. * Your spending in retirement will almost certainly decline at a certain age so you may not need to save quite as much as you think. * As people reach the later stages of retirement, they become less capable of managing their finances, even though they grow more confident of their ability to do so! Plan for this before it is too late. * Annuities have become very expensive, but they still make sense for a host of reasons. In addition, The Essential Retirement Guide shows how you can estimate your own lifespan and helps you to understand the financial implications of long-term care. Most importantly, it reveals how you can calculate your personal wealth target - the amount of money you will need by the time you retire to live comfortably. The author uses his actuarial expertise to substantiate his findings but does so in a jargon-free way.

'Dr Anna Dixon has written a must-read for anyone interested in the future of ageing. Learn from one of the best informed about an issue, and opportunity, that is facing us all.' Andy Briggs, Head of FTSE 100 life insurer Phoenix Group 'A very important book' Sir Muir Gray The Age of Ageing Better? takes a radically different view of what our ageing society means. Dr Anna Dixon turns the misleading and depressing narrative of burden and massive extra cost of people living longer on its head and shows how our society could thrive if we started thinking differently. This book shines a spotlight on how as a society we're currently failing to respond to the shifting age profile - and what needs to change. Examining key areas of society including health, financial security, where and how people live, and social connections, Anna Dixon presents a refreshingly optimistic vision for the future that could change the way we value later life in every sense.

Choices for Later Life provides readers with a much-needed practical, workable and realistic approach to the life choices and new opportunities that face us when we reach our fifties and beyond. Everyone is different - our circumstances, our family, our needs, our dreams, our dilemmas. What is common to most of us is that there comes a time when we want to make changes to our lives and grasp new opportunities or have to make adjustments and face new challenges. Marie Lacheze writes for all men and women over a certain age. Marie Lacheze has talked to hundreds of people and has found that there is no easy definitive answer to these most pressing questions. She sets out the concerns she has heard expressed most often and offers up ideas and insights to trigger a debate and help you arrive at the right answer for you. She provides case histories, checklists and possible options and suggests the steps you might take to make the best choices and decisions for you.