Saturday, May 23, 2015

THINKING ABOUT RETIREMENT



Who would imagine that the bestseller list would include a book about Social Security?  The popularity of Get What’s Yours: The Secrets to Maxing Out Your Social Security by Laurence Kotlikoff tells us something about our own insecurity about retirement and our need to make a successful transition from working, This guide helps readers navigate Social Security rules and benefits and learn how timing impacts the amount of money retirees can receive. This book and others at the Monrovia Public Library help address a broad range retirement issues.
 
Like Get What’s Yours, there are several books that are general guides. Emily Birken’s Five Years Before You Retire: Retirement Planning When You Need It the Most  walks readers through financial, medical and legal issues and shows how being prepared can make a huge difference in the quality of retired life. In The Truth about Retirement Plans and IRAs financial advisor Ric Edelman removes the mystery and confusion from understanding investments. 

Some retirement books focus on specific groups of people. Nobody Loves Your Money Like You Do is meant for professionals who are retiring with larger incomes and more investments. Practical and easy-to-follow The Single Woman’s Guide to Retirement by Jan Cullinane is a planning handbook for women approaching retirement age.

And, as anyone who is retired knows, there is more to retirement than just the financial aspects. Get a Life: You Don’t Need $1,000,000 to Retire Well by Ralph Warner says savings are important, but so are happy relationships, time well spent doing favorite activities and good health.

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