Stan Hinden provides answers (or shows you where to get the answers) to the major questions you face upon retirement in the United States: Are you ready to retire? Can you afford to? What will Social Security and pensions provide? How do you deal with company savings plans and IRAs? How should you invest? What do you do about health insurance or preparing for serious illness? How do you decide where to live? Hinden warms his factual text with slightly saccharine stories about how he and his wife prepared for retirement, so you might have to be in the mood. His generally simple, clearly written book is directed toward a general audience, so some of the advice about financial planning, Social Security and pensions may be targeted more to mid-level managers or employees. getabstract.com cautions that those with lofty incomes may need loftier advice, but otherwise this is a solid introduction to retirement. (And we didn’t really mind the syrupy stories.)
In this summary, you will learn
- How to select the best retirement approach by asking yourself about your future goals and planning now;
- How to prepare for higher living expenses in retirement; and
- Why part-time work may be an alternative to retirement.
About the Author
Stan Hinden writes a syndicated column, "Retirement Journal," in which he discusses the decisions, dilemmas and challenges of retirement. His column has won honors from the American University School of Communications and the Investment Company Institute for excellence in personal finance reporting. Before retiring, Hinden spent 23 years at the Washington Post, including a dozen years as a financial reporter and columnist.