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 worksheets,a detailed glossary, and expansive list of Internet resources. I recommend this excellent resource.
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About the reviewer
W. Terry Whalin (terrywhalin)
I am an Acquisitions Editor at Morgan James Publishing. I have written more than 60 books for traditional publishers and for more than 50 magazines. My blog on The Writing Life has more than 1,100 searchable … more
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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.