Retiring Right

by Kaplan, Lawrence J.

• ISBN13: 9780757001321
• ISBN10: 0757001327
• Edition: 3rd
• Format: Paperback
• Copyright: 2003-09-01
• Publisher: Square One Pub

Summary

Everybody dreams of a "golden retirement" -- carefree times, financial security, and good health. But without the appropriate planning, that dream can turn into a nightmare very quickly. Retiring Right was developed to provide you with all the facts you need to design your own individual retirement plan so that you can make your special dream a reality. Written by Dr. Lawrence J. Kaplan, one of the country's leading experts in retirement planning, this practical book answers all your most important questions about savings and investment income, the Social Security system, and so much more. Each section covers an essential area of concern, including lifestyle issues such as working, leisure, and housing; long-term retirement funding, including savings and investments and pensions; day-to-day financial considerations such as budgeting and taxes; and life and health insurance; as well as preparing for the inevitable through estate planning, wills, and trusts. The information in this book reflects the most current regulations so that you can take full advantage of the latest tax laws to maximize your retirement income. Through planning guides and worksheets, Retiring Right helps you apply successful retirement strategies to meet your individual needs. These guides allow you to evaluate your financial situation, select and implement the means by which you can achieve financial security, and chart your course towards a fulfilling and secure retirement. Book jacket.

Author Biography

Lawrence J. Kaplan received his MA and PhD from Columbia University in New York City, and is Professor Emeritus of Economics at John Jay College of Criminal Justice CUNY. An authority in the field of financial management, Dr. Kaplan writes and lectures extensively on the subject of retirement planning

Table of Contents

Acknowledgments,	v
Preface,	vii
Introduction,	1	(2)
First Facts About Retirement and Planning,	3	(12)
Part 1 LIFESTYLES
1. Working in Retirement,	15	(12)
2. Playing in Retirement,	27	(8)
3. Retirement Housing,	35	(22)
4. Retirement Communities and Care Facilities,	57	(14)
5. Legal Affairs,	71	(16)
Part 2 LONG-TERM FUNDING FOR RETIREMENT
6. Savings and Investments,	87	(24)
7. Social Security,	111	(16)
8. Pensions,	127	(20)
9. Annuities,	147	(12)
Part 3 DAY-TO-DAY FINANCIAL CONSIDERATIONS
10. Budgeting,	159	(14)
11. Credit,	173	(6)
12. Inflation,	179	(4)
13. Taxes and Tax Shelters,	183	(10)
Part 4 INSURANCE
14. Life Insurance,	193	(8)
15. Health Insurance,	201	(12)
16. Medicare and Medicaid,	213	(16)
17. Medigap and Long-Term Care Coverage,	229	(14)
Part 5 FINAL FACTS
18. Estate Planning and Wills,	243	(28)
19. Minimizing Estate and Gift Taxes,	271	(8)
20. Trusts,	279	(6)
21. Probate,	285	(4)
22. Planning for the Inevitable,	289	(16)
Conclusion,	305	(4)
APPENDICES
Glossary,	309	(22)
Inventory of Personal and Financial Data,	331	(30)
Resources,	361	(10)
Suggested Readings,	371	(6)
Index,	377