Summary of Don't Die Broke

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Don't Die Broke book summary
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Rating

5 Overall

6 Applicability

4 Innovation

6 Style

Recommendation

Many rules and regulations govern pension plans. The technicalities are complicated and change constantly. People can make irrevocable errors doing something as simple as moving assets from one plan to another. Margaret A. Malaspina cuts through retirement plan red tape and explains the jargon. She shows you how to get to your money after you have worked hard to save it. This book demystifies your options and clarifies the consequences of your choices. The author makes reading about taxes relatively painless. getAbstract recommends this book to anyone planning retirement, switching retirement plans, or withdrawing retirement funds. However, because of its discussion of United States tax law, it is not useful to those in other countries.

In this summary, you will learn

  • How to get the most from your pension fund;
  • What the most common retirement plans are;
  • Which five questions you should ask the person in charge of your plan.
 

About the Author

Margaret A. Malaspina is principal of Malaspina Communications in Massachusetts. As a former vice president of Fidelity Investments in the 1980s, she was instrumental in developing its communications strategies and publishing ventures, including launching Peter Lynch’s best-selling books and Worth magazine.

 

Summary

Five Easy Rules to Remember
Your retirement plan decisions are extremely important. Today’s increased life expectancy means you will spend more years in retirement than previous generations. Be well informed, so you can easily access your money at retirement. If you plan to retire at age...

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