You Don't Have to Drive an uber in Retirement : How to Maintain Your Lifestyle without Getting a Job or Cutting Corners
John Wiley & Sons Inc 2018/04
208 p. illustrations ; 24 cm
Named the 2019 Investment and Retirement Planning "Book of the Year" by the Institute for Financial Literacy It's never too late to start planning for retirement You Don't Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirement-but the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questions-it gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you'll need it most. Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you'll need, and show you how to bridge the gap. Maximize your savings while minimizing the lifestyle impact Unique ways for generating a meaningful amount of income, that don't require you to get a job Learn just how much you'll need for a comfortable retirement Adopt new everyday strategies that will help you bolster your funds Add new income streams, optimize your portfolio, and learn to spend less without living less-these are the key factors in making your golden years truly golden. You Don't Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforce-in comfort.
Table of Contents
Foreword xi Introduction xv Part I Generating Income 1 Chapter 1 Give Yourself a Raise 3 Chapter 2 Using Options for Income 13 Chapter 3 Be the Bank 23 Chapter 4 Become the IRS: Have People Pay Taxes to You 37 Chapter 5 Get Paid More from Social Security 43 Chapter 6 You Don't Have to Drive for Uber - But You May Want To 53 Chapter 7 The 401k You've Never Heard Of 61 Part II Cutting Costs 67 Chapter 8 Lower Your Medicare Costs 69 Chapter 9 Medical Tourism 75 Chapter 10 Pay Less for Your Medicine 81 Chapter 11 Pay Less in Taxes 87 Chapter 12 Lower Your Investment Costs 95 Chapter 13 How to Buy a Car for 25% Off 103 Chapter 14 How to Travel for Less 109 Part III Small Ideas That Add Up 117 Chapter 15 Small Ideas That Add Up 119 Part IV Ideas I Don't Like 141 Chapter 16 The Worst Investment You Can Make 143 Chapter 17 Lose Your Life Insurance 153 Chapter 18 Reverse Mortgages 163 Conclusion 167 About the Author 169 Acknowledgments 171 Index 173