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"No one knows how long he or she will live. Death is a mystery. The hardest part of retirement planning is calculating how many years we are going to live after we retire. As human beings, we don’t know when we are going to die. It might be tomorrow or it might be more than 100 years. Still, we want to ensure that we will have enough money to last throughout our retirement.

Most people who plan their retirement assume that they were going to live until they are 100 years old. So when you plan to retire at the retirement age of 65, you must raise enough money to provide for your needs for 35 years. Some Americans between the ages of 45 to 70 are preparing for their retirement period, but many of them haven’t thought about the circumstances when their savings run out and they are still alive. Or more simply said: they don’t have a plan B. This is according to an online survey of the Society of Actuaries.

Though, it is not easy to save and to raise money that will provide your needs all throughout your life, there are ways to make your finances last. One way to ensure that you can have finances for your lifetime is through Social Security. The Social Security System will provide you income for your lifetime, but the amount of the money you can get depends on the year you claim it. The longer you delay claiming it, the more you will receive. It’s been advised to wait as long as you can, claiming your money only when you really need it.

A second guaranteed way you can have source of income for your lifetime is through a traditional pension. But only a few people are lucky enough to have this. If your company is offering you a traditional pension, take advantage of it. You will benefit from it for the rest of your life. Another way you can secure financing for your retirement period is through annuities. These are designed to meet your retirement goals. Some workers invest 20% of their income and others invest huge amounts to get a higher security payment.

Medicare supplemental policies or MediCaid are helpful for your medical expenses. These are insurance policies that will pay your health expenses that your savings can’t cover. Let’s face it when we grow old, there’s a fat chance that we will become sickly. Better invest in medical insurance than spend all your retirement savings on your medical expenses.

It is also better to secure yourself with Long Term Care insurance because we don’t know how long you would need a medical attention. Medicare would only cover 100 days of your medical expenses and after that you have to pay on your own.

Secure yourself for the long run. Be prepared and take action now!

So are you Ready for PREtirement?  Kris Miller, Estate Planning Expert and Safe Money Strategist, will guide you on how you can successfully PREpare for your retirement plan."

-April R., http://www.mybookaddictionandmore.com/fyi-ready-for-pretirement/

"Long-term care, Medicare, Social Security…what do these actually cover and what do they mean?  Will it be enough or will you go broke paying bills you thought were covered by one program or another?  Well read something about the future and where to put your money…read this book and find out something you may not have known or at least not known much about."

-Lisa Peters, http://bookhimdanno.blogspot.com/2013/03/boo...-for-pretirement-3.html

"Too many people wait too long to make decisions about their financial future. Even if you are fresh out of high school, you should start making plans for your retirement, if you want your money to be there when you need it. “Retirement planning isn’t just for seniors,” says veteran financial advisor Kris Miller. “Start learning early and you will find that a little planning goes a long way. Author of the new book Ready For PREtirement:  3 Secrets for Safe Money and a Fabulous Future, Miller implores people to plan their retirement early. “No one relishes talking about issues like emergencies, unforeseen layoffs, long-term illness and even death. Planning for such circumstances is crucial to protecting your family’s financial future.”

She created the acronym PREtirement to define and explain the actions associated with preparing early for retirement. Will you be able to create a nest egg that gives you 70% of your pre-retirement yearly salary? Here are some of the steps she urges young people to take:
• Start Saving Money Now. Even if you just cut out a few expenses, that extra Starbucks, and use that savings to start investing in retirement, it will make a big difference.

• Max out your 401(k). It’s easy, all you have to do is fill out a form to increase it to the maximum contribution.  And if your employer matches a certain percentage of your contributions, that’s free money. Best of all, you get a tax deferral which will save you a ton of money.

• Start a Roth IRA. It’s best to have multiple investments, instead of just your 401(k), which might not be sufficient for your retirement needs. The Roth IRA will let you receive your money tax free.

• Get Some Life Insurance. If you have a spouse or children you may want to check into some life insurance, and disability insurance. (Get insurance that covers 60% of your current income to be safe.)

• Build an Emergency Fund. You want at least 3-6 month of expenses for an emergency fund.

• Get Real With Your Retirement Planning. Learn about estate planning. Creating a revocable living trust allows individual choice and control over legal and financial decisions today, tomorrow and in the future.

• Create And Execute A Will Properly. Identify what you want done with your property, identify a guardian for your children, and sign and date Powers of Attorney and Assisted Living Directives to avoid probate, reduce medical expenses and make things easier for your family and loved ones if something does happen to you.

The number one cause of problems in retirement is PROCRASTINATION, Miller says. Don’t be like an ostrich. Face the world and take action so you can avoid probate and court costs, and minimize attorney fees and leave everything you have worked for to your family and love ones.

Kris Miller has over 20 years of experience as a retirement and living trust expert. She is Certified Senior Advisor, a Chartered Federal Employee Benefits Consultant, a California licensed Legal Document Assistant and is also licensed by the State of California to sell life insurance and long-term care insurance. She is a member of the Society of Senior Advisors and is also an active member of the National Speakers Association. In 2010, she was nominated Woman of the Year and Best Customer Service by Chamber of Commerce in Hemet, CA. Miller is also an accomplished music professional. The talented singer and songwriter has won several prestigious songwriting awards. A regular guest on “Money 101 with Bob McCormick” for CBS Los Angeles, KFWB News Talk 980, Miller earned the moniker “Money Maestro” because the songstress harmonizes people’s finances and keeps them singing “in tune” financially with security and growth."

-Functional Girl, http://functionalgirl.com/planning-for-retir...-is-all-about-planning/

"It's never too early to plan for your retirement. Whether you're in your 20s or your 50s, financial advisor Kris Miller says it isn't too late to start saving for your retirement. Few people think about retirement when they're just out of high school or college, but according to Miller, this is the ideal time to make retirement plans. "Retirement planning isn't just for seniors. Start learning early and you will find that a little planning goes a long way," advises Miller, author of, Ready For PREtirement:  3 Secrets for Safe Money and a Fabulous Future.

Step One - Cut Expenses and Bank the Savings

It's easier than you might think to start saving money for your future. You can begin small, such as cutting back on a few unnecessary expenses.

-Skip that espresso once a week and make coffee at home instead of stopping by your favorite java joint.

-Go without that takeout or dinning out once a month. Instead, fix a soup and sandwich dinner and bank the money into your retirement account.

-Resell clothes you and family members no longer wear.

-Take advantage of eBay and consignment shops to also sell household items, toys, books and other items as well as make purchases.

-Host a yard sale, and the profits can go into your fund.

-Bank money gifts you receive for birthdays, holidays and anniversaries into your retirement fund.

-Make it a rule to only buy clothes, shoes and other items that are on sale.

-Use grocery coupons.

-Take advantage of cash backs and rebates.

Don't neglect to put all the money you save by cutting expenses into your retirement fund. Sometimes it's tempting to spend that money on other things. If you're disciplined in these small cuts in expenses, then you'll create a steady stream of savings to enjoy when you retire.

Step Two - Set Up 401(k)s and IRAs

Set-up a 401(k) and an IRA (Individual Retirement Account). You may already have a 401(k), but are you utilizing it to the fullest? Take a page out of Miller's book and max out your 401(k). Miller advises those working for employers who have a percentage match for employee 401 (k)s to take advantage of this company benefit. She points out that this is "free money," so take as much as you can.

However, don't put all your eggs into one basket. In addition to your savings account and 401(k), Miller recommends that you consider opening a Roth IRA. When you cash it in, n...
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SKU:  97816148481256
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review by . August 04, 2013
Get This Book & Read It to Prepare for the Future
Retirement sounds like something way off in the distant future for most of us. The majority of people put off planning for retirement and try not to think about it. Unfortunately the head-in-the-sand approach doesn't work because successful retirement involved planning and strategy.       Financial Expert Kris Miller breaks down the details for every age reader in READY FOR PRETIREMENT. Miller combines straightforward information with thought-provoking questions, detailed …
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