The essential retirement guide : a contrarian's perspective /
"A Contrarian Twist to Saving for Your Golden Years The Essential Retirement Guide: A Contrarian's Perspective brings a much-needed shift in thinking to the age-old question of how best to prepare for your retirement. This handbook helps you reject confusing, outdated information and figur...
| Κύριος συγγραφέας: | |
|---|---|
| Μορφή: | Ηλ. βιβλίο |
| Γλώσσα: | English |
| Έκδοση: |
Hoboken :
Wiley,
2015.
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| Θέματα: | |
| Διαθέσιμο Online: | Full Text via HEAL-Link |
Πίνακας περιεχομένων:
- The Road to Retirement: Detours
- Doubts about the 70 percent retirement income target: Niggling doubts; Saving for retirement is a 2-dimensional problem; The macro case against 70 percent; Low-income workers
- Honing in on the Real Target: Setting the ground rules; Howard and Barb; Steve and Ashley 1.0; Steve and Ashley 2.0; Expressing consumption in dollars
- A New Rule of Thumb: Guiding principles; Retirement income targets under different scenarios; General rule of thumb
- Quantifying Your Wealth Target: A rough and ready estimate; A more actuarial approach
- Why Interest Rates Will Stay Low (And Why You Should Care): The rise of the savers; The Japan experience; Applicability to the US and Canada; Possible remedies; Implications
- How Spending Decreases with Age: Doubts; Quantifying the decline in consumption; Why does consumption decline?; Next steps
- Death Takes a Holiday: Present day life expectancy; Dispersion of deaths; Who is benefiting the most?; Why is mortality improving?; The future
- Estimating Your Own Life Expectancy
- Is long-term care in your future?: Long-term care (LTC); What does LTC entail?; What are the chances you will need LTC?; How long is LTC usually required?
- Paying for Long-term Care: Typical LTC insurance contract; Does the math work?; The verdict; The consequences of not insuring LTC
- Putting It All Together: New wealth targets; Buffers
- Picking a Savings Rate: Historical performance; Lessons learned; What the future holds; Generalizing the results
- Optimizing Your Savings Strategy: The goal; Strategy 1--Simple; Strategy 2--Simple Lifecycle approach; Strategy 3--Modified Lifecycle; Strategy 4--Variable contribution; Strategy 5--The SMART approach; The Third Lever; Methodology
- A Gentler Approach to Saving: Path 1--Pain now, gain later on; Path 2--Smooth and steady improvement; A comparison in dollar terms
- Rational Roulette: Call to action; Watch out for your children.
- Revisiting the 4 Percent Rule: The 4 percent rule; Problems with the 4 percent rule; A more rational spending rule; A Monte Carlo simulation
- Why people hate annuities (but should still buy one): Why annuities should be popular; The psychology behind the unpopularity; Tontines; The insured annuity strategy; Indexed annuities?; Forget it
- How Workplace Pension Plans fit in: Why employers offer workplace plans; Getting the most out of your workplace plan; How a workplace pension plan affects your dollar target; Online forecast tools
- Bubble Trouble: Why worry about financial bubbles?; Examples of recent financial bubbles; Common characteristics; The everything bubble
- Carpe Diem: The numbers; Healthy life years; Trends; Personal genome testing;
- A Life Well Lived: Retirement and happiness; Final thoughts Notes
- Appendix A: Similarities between the US and Canada: Social Security programs; High-level comparison of retirement vehicles; A tax comparison
- Appendix B: Social Security in the US and Canada: Name of Social Security pension plan; Purpose of Social Security; Earnings base for pension calculation; How pension is calculated; How the plans are funded; Normal retirement age; Early retirement age; Delayed retirement; Indexation; Other government-sponsored pension plans; Taxability
- Appendix C: Retirement income targets under other scenarios
- Appendix D: About the assumptions used in the book: Thoughts on Conservatism; Assumptions used to estimate personal consumption; Assumptions used to calculate future retirement savings; Assumptions used to estimate the historical accumulation of savings; Couple contemplating long-term care insurance; Assets needed to cover long-term care (LTC).
