How to Make Your Money Last: The Indispensable Retirement Guide

Description

The joy and challenge of life after work -- Rightsize your life -- How to double your social security income (well, almost) -- Getting the most from your health insurance, before and after 65 -- Pensions are for stre-e-e-etching -- Should you buy yourself a pension? -- Powering your retirement savings plans -- The speed limit on retirement spending: still 4 percent? -- Investing for income: not what you think -- Home sweet income-producing home -- Living on your life insurance -- Just tell me what to do.;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.