The New Rules of Retirement Strategies for a Secure Future

by Carlson, Robert C.

• ISBN13: 9780471683469
• ISBN10: 0471683469
• Format: Hardcover
• Copyright: 2004-11-05
• Publisher: WILEY

Summary

Praise for THE NEW RULES OF RETIREMENT"As a Wharton graduate, money manager, Chief Financial Officer, and Certified Financial Analyst, I didn't think I needed help in making investment choices and planning for my retirement. I was wrong. I have been a subscriber to Retirement Watch since 1997. I trust Bob Carlson completely and follow his investment, tax, and planning advice personally." -Sandy Kagan, CFA CFO Partner, Tatum Partners"A clear, practical, and wisely unconventional guide to the new world of retirement." -Humberto Cruz Nationally syndicated financial columnist, Tribune Media Services"Bob Carlson does a magnificent job preparing readers for the many challenging issues they will face over the next several decades. Retirees can no longer count on generous asset returns and employer-provided defined benefit plans. Bob provides readers with creative approaches for contending with these challenges to help ensure financially and emotionally secure 'freedom years'." -Lawrence E. Kochard, PhD, CFA Chief Investment Officer, Georgetown University"Bob Carlson shows that three trends-demographics (baby boomers), increasing longevity, and fewer offspring-have changed forever the landscape facing America's retirees. Stereotype retirement based on Social Security and employer pensions is out; making ends meet on your own is in. Better get yourself ready-and you can do so by reading this book." -James C. Miller III Former U.S. Budget Director, Chairman of The CapAnalysis Group, LLC

Author Biography

ROBERT C. CARLSON, JD, CPA, is Editor of Retirement Watch, a monthly newsletter. The managing member of Carlson Wealth Advisors, LLC, Carlson is also Chairman of the Board of Trustees of the Fairfax County Employees' Retirement System, which manages $2 billion in assets, and is a member of the Board of Trustees of the Virginia Retirement System, which manages $40 billion in assets. He has published a number of research papers and been quoted in numerous publications, including Money, Barron's, Reader's Digest, the Washington Post, and others. Carlson is an attorney and Certified Public Accountant.

Table of Contents

About the Author
Preface: The New Rules of Retirement	xi
Chapter 1 The Wave Is Coming	1	(14)
Chapter 2 Retirement Becomes a Process	15	(9)
Chapter 3 How Much Will You Need?	24	(17)
Chapter 4 Maximizing Social Security Benefits	41	(16)
Chapter 5 The New Rules of Investing	57	(19)
Chapter 6 How Much Can You Spend?	76	(8)
Chapter 7 Make Your Own Health Care Reform	84	(22)
Chapter 8 Solving the Long-Term Care Puzzle	106	(16)
Chapter 9 The Grandkids Need Your Help More Than Ever	122	(26)
Chapter 10 Beware the Retirement Tax Ambush	148	(14)
Chapter 11 Making IRAs Last	162	(32)
Chapter 12 Estate Planning Is More Than Taxes	194	(15)
Chapter 13 How Annuities Can Help or Hurt	209	(25)
Chapter 14 Choosing the Right Retirement Location	234	(12)
Chapter 15 True Wealth in Retirement	246	(9)
Index	255