Your Complete Guide To A Successful And Secure Retirement

Date:

Money Is Only One Aspect Of Retirement Planning

Top mistakes people make when planning for retirement

Just as a successful career requires careful planning, so does a successful retirement and were not just talking about ensuring you dont run out of money.

Your Complete Guide to a Successful and Secure RetirementOriginally published in 2019, the book has been fully revised and updated.

Last time we featured an extract in which the authors explained how money is just one aspect of retirement planning. Others include working out your purpose and your passions, and making sure you stay fit and healthy for as long as possible and continue to develop strong personal relationships.

In this extract, Grogan and Swedroe look at four useful tools to help you put together what they call a retirement life plan.

There are a number of simple, yet useful, tools you can use to develop your plan for a successful retirement. As you consider each one, keep in mind the key elements and your assessment of how you are positioned to transition into retirement for each element.

Recognise that in doing your assessment, you actually completed the first step of the planning process, to determine where you stand now. The second step, which we will address as we review the tools, is to develop your plan for how you want to improve from where you are. The third step is to actually live your plan. And the final step is to review and renew your plan periodically, and when circumstances warrant.

Retirement life planning tool: BUCKET LIST
Retirement life planning tool: START/ STOP/ CONTINUE

Tools Checklists And Templates And A Podcast

The book is chock full of useful items you can use in small bites to assist with your own planning. And references to other resources for anyone who wants to delve more deeply into any of the subjects.

And, for a special treat, you can listen to the ebullient, British evidenced-based investing advocate, Robin Powell interview Larry about the book and other interesting matters. There cant be a bigger linguistic contrast than Robins elegant British accent vs. Larrys robust Brooklyn accent. Accents aside, they both make a lot of sense.

Book Review: Your Complete Guide To A Successful And Secure Retirement

This latest book from Harriman House acts as a one-stop, definitive resource to make your later years secure and comfortable, writes Richard Gill, CFA.

Retirement. The supposed state of bliss where we stop working for other people, enjoy the income weve built up over our lives and pursue endless leisure activities with family and friends. But that might be a pipedream for many people in the UK. According to a recent report by financial website Unbiased.co.uk, 17% of people in the UK aged 55 and over have no private pension savings. Whats more, the study also found that 45% of all Brits hope for a retirement income of at least £20,000 a year. With the maximum state pension being just over £9,000 right now, many people are going to be disappointed.

While its best to start young, its never too late to start planning for your retirement. But even those who manage so save a substantial nest egg by their late 60s are still in for some challenges. No one knows how many years they have left on the clock so we dont know how long our savings need to last. We might have to deal with unexpected expenses as we age, like medical bills or a broken boiler. And of course having a secure retirement isnt all about making sure we have enough money to cover daily expenses. Other matters like estate planning, insurance and ensuring you actually enjoy your retirement are all going to come up.

Fail to plan, plan to fail

Finding financial freedom

Don’t Miss: Late Start On Retirement Savings

Your Complete Guide To A Successful & Secure Retirement Pdf/epub By Larry E Swedroe And Kevin Grogan

ytUbckKA8371BVfrejdHGer392 – Read and download Larry E. Swedroe and Kevin Grogan’s book Your Complete Guide to a Successful & Secure Retirement in PDF, EPub online. Free Your Complete Guide to a Successful & Secure Retirement book by Larry E. Swedroe and Kevin Grogan. Your Complete Guide to a Successful & Secure Retirementby Larry E. Swedroe and Kevin Grogan Synopsis: This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement.Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including:Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more.These topics are explained with the help of specialists in each subject. And everything is based on the science of investing evidenced with studies from peer-reviewed journals.Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Dont enter your retirement without it.

What Did I Like About The Book

Read Your Complete Guide to a Successful and Secure ...

Your CompleteGuide to Factor-Based Investing

  • Chapter 1. Retirement Planning Beyond the Financials
  • Chapter 2. The Discovery Process
  • Chapter 3. Asset Allocation
  • Chapter 4. The Investment Policy Statement and the Care and Maintenance of the Portfolio
  • Chapter 5. Monte Carlo Simulations
  • Chapter 6. Investment Strategy Part I: Implementing the Investment Plan
  • Chapter 7. Investment Strategy Part II: Reducing the Risk of Black Swans
  • Chapter 8. IRA and Retirement/Profit Sharing Plans
  • Chapter 9. Health Savings Accounts
  • Chapter 10. The Asset Location Decision
  • Chapter 11. Spend-Down Strategies
  • Chapter 14. Longevity Risk: The Role of Annuities
  • Chapter 15. The Role of Insurance: The Management of Risk
  • Chapter 16. Reverse Mortgages
  • Chapter 17. Womens Unique Retirement Issues
  • Chapter 18. Estate Planning
  • Chapter 19. Preparing Your Heirs
  • Chapter 20. The Threat of Elder Financial Abuse

I was wrong.

  • Sequence risk
  • Failing to provide for a spouse
  • Taking withdrawals from the wrong location
  • Underestimating the benefits of diversification
  • Misunderstanding the risks of inflation
  • Don’t Miss: What Questions Should I Ask My Financial Advisor About Retirement

    Your Complete Guide To A Successful And Secure Retirement 2nd Ed 2nd Edition

    • Format: Paperback / softback, 303 pages, Illustrations, unspecified Illustrations, unspecified
    • Pub. Date:
    • Paperback / softback
    • Price: 21,54
    • This book is not in stock. Book will arrive in about 2-4 weeks. Please allow another 2 weeks for shipping outside Estonia.
    • Quantity:
    • Format: Paperback / softback, 303 pages, Illustrations, unspecified Illustrations, unspecified
    • Pub. Date: 23-Feb-2021
    Chapter 1 Retirement Planning Beyond the Financials
    Chapter 2 Discovery: Life and Financial
    Chapter 4 The Investment Policy Statement and The Care and Maintenance of the Portfolio
    Chapter 5 Monte Carlo Simulations
    Chapter 6 Investment Strategy Part I: Implementing the Investment Plan
    Chapter 7 Investment Strategy Part II: Reducing the Risk of Black Swans
    Chapter 8 IRA and Retirement/Profit Sharing Plans
    Chapter 9 Health Savings Accounts
    Chapter 10 The Asset Location Decision
    Chapter 11 Spend Down Strategies
    Chapter 14 Longevity Risk: The Role of Annuities
    Chapter 15 The Role of Insurance: The Management of Risk
    Chapter 17 Women’s Unique Retirement Issues
    Chapter 19 Preparing Your Heirs
    Chapter 20 The Threat Of Elder Financial Abuse
    Appendix B Sample Family Mission Statement
    Appendix C The Mathematics of Asset Location
    Appendix D Should Investors Prefer Dividend-Paying Stocks?
    Appendix E Should You Hire a Financial Advisor?
    Appendix F Implementation: Recommended Mutual Funds and ETFs
    Appendix G Types of Irrevocable Trusts
    Appendix H Recommended Reading

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