The Digital Edition of How to Plan for Your Retirement Years allows you to download a PDF file of the book for easy printing and reading. The link will be sent to you within 1 business day and will allow you to download the file up to three (3) times. Remember the old picture of retirement in America, where grandparents spent their time sitting on a porch rocker recounting the good old days? Several generations of a family lived together, or close by, and parents and grandparents were cared for during old age by their children or grandchildren. Today, the picture is vastly different. Most retirees now expect to be financially independent; retired parents usually maintain households separate from their children; and, given the greater geographical mobility that characterizes today's economy, the children of retirees often live far distant from their parents. Pensions, savings, and Social Security have largely replaced the family as the primary source of support in old age. More than in the past, older people are on their own, physically and financially. The retirement picture is changing yet again for the children and grandchildren of today's senior citizens. As they plan for retirement, they must do so under a different set of assumptions than current retirees and our book, How to Plan for your Retirement Years, can help you understand the challenges and make the most out of your savings opportunities. - Future retirees cannot count on Social Security to cover as much of their expenses as it does for today's retirees.
- The percentage of workers covered by pensions is decreasing, and companies that do offer plans increasingly require employees to take the initiative to fund them and decide how they are invested.
- The retirement years today represent a larger portion of life than ever before. Increases in life expectancy and a trend toward early retirement have resulted in a lower ratio of working years to retirement years. Consequently, there are fewer years in which to accumulate savings for lengthier retirements. Future retirees without sufficient savings may have to work longer.
- Medical costs are rising faster than prices generally, which means that you must budget today for higher expenses in the future. At the same time, many companies are cutting back on retiree health benefits, leaving coverage gaps that early retirees must address on their own.
Despite these critical issues, it is possible to enjoy a high standard of living in retirement if you plan during the working years to meet the costs of doing so. The purpose of this book is to help you make the most of your opportunities to save for retirement. Today's era of early retirement, longer life expectancies, and independent living can make the retirement years a time for travel, leisure, and fruitful activity - but only if you have prepared prudently beforehand. How to Plan for your Retirement Years brings important financial planning information together in one easy-to-read book. If you are thinking about your retirement planning, or know someone who is, you will find this book an invaluable resource. Whether you want to estimate your retirement savings goal, understand what Social Security means to you and your family or understand your options for retirement investing, we believe that you can benefit from this book.
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