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 Retire on Less Than You Think : The New York Times Guide to Planning Your Financial Future
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Retire on Less Than You Think : The New York Times Guide to Planning Your Financial Future

Retire on Less Than You Think : The New York Times Guide to Planning Your Financial Future
Publisher
 Times Books
Published
 February 2004
ISBN
 0805073744
$15.00 List Price
$10.20 OUR PRICE
Sales Rank: 115
AVAILABILITY:
Usually ships in 2 to 3 days

From the New York Times retirement expert, an authoritative resource for successfully assessing and tackling the real costs and challenges of retirement

Only a few years ago, the question on many Americans’ minds wasn’t “how will I retire” but “when.” Now, with 401(k)s and IRAs at a fraction of their previous value and health-care costs soaring, it’s time for a definitive guide book that walks you through the fundamentals of retirement.

With his biweekly “Seniority” column in The New York Times, Fred Brock has earned a reputation for providing frank and pragmatic advice on the changing landscape of retirement. In chapters written exclusively and originally for this book, he offers updated thinking on all the essentials for a smart and secure retirement, including how to
• determine new personal finance and investing goals
• find untapped asset streams, such as reverse mortgages
• deal with the tangle of taxes on pensions, family gifts, and other income
• work during retirement
• choose a community and housing
• maximize your health insurance
• assess long-term assisted-living arrangements

He offers indispensable tools for analyzing your true costs of retirement, independent of the mutual-fund industry hype and Social Security scares. And a substantial list of national, regional, and online resources as well as worksheets allow you to customize and realize your retirement plan.

Product Reviews

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Average rating: 4.2
Political NOT practical Rating
June 10, 2004 Rating: 1.0 stars

If you can get past the author's jaded political views on the Canadian healthcare system and his rose colored view of Social Security's viability, you'll find not much more than a simple worksheet by which to calculate your post-retirement needs.
The practical suggestions (there are some) are limited and at times obvious.....ie: Ignore Wall Street's rules of thumb on how much you'll need to live on. The rest is NY Times op-ed filler. What a shame.....he had the right idea...just didn't follow through.

New perspective on retirement! Rating
June 7, 2004 Rating: 5.0 stars

This book is truly a new perspective than the one you hear from the financial community. Fred Brock debunks the myths that it takes millions of dollars to retire. Every financial website has a calculator to tell you how much you have to save and invest to have millions to retire. This just isn't practical for most people. He shows that if you own a home with a 30-yr. mortgage, by the time you retire it should be paid off. So, there is no longer a mortgage payment which is usually your greatest expense. Also, if you move to a city that is one of the best places to retire (he gives the web address to find these cities), the money you have will go much further while maintaining the same or better standard of living. Also, healthcare is a concern for retirees. He directs you to ehealthinsurance.com to compare rates. I did this and changed my insurance plan and am saving $50/month. This book is an eye-opener for anyone planning to retire but after reading the book you should feel relieved that you can really can retire on less than you think.

Exceptional Advice Rating
April 2, 2004 Rating: 5.0 stars

What a useful book! So many of the magazine articles and books I read about retirement these days seem to spit out the same old stuff, again and again. But this book is a surprise. From the moment I opened it, I was delighted to find that someone has finally brought some fresh eyes to the subject of retirement. I'm probably like many other people in believing the same myths about retirement that this book debunks. Most of the time it seems that the so-called experts enjoy just making us afraid of what we won't have when we retire. I'm happy to say this book shows us what we can have and just how we can get it.

Buy this book! Rating
April 1, 2004 Rating: 5.0 stars

What a refreshing take on retirement! Instead of retirement plans that make life wonderful for Wall Street brokers and mutual fund companies, Mr. Brock, gasp, has some serious ideas here for potential retirees. He shows how you don't need as much to retire as the fund companies would like you to think you need. And why would they like you to think that? Because they make money off of your investments. This book also puts the so-called Social Security crisis in perspective, showing how there really isn't a crisis at all. The system is rock solid for years to come. (Who would gain from privatizing Social Security? Wall Street.) One of the amazing things about this book, with all these "radical" notions, is that it is written by a columnist for the establishment - The New York Times. Buy this book and learn how to get out of the rat race a little bit earlier.

Retire on Less Than You Think by Fred Brock Rating
January 31, 2004 Rating: 5.0 stars

This work focuses your attention on the amount of money needed
during retirement-taking into consideration the
best places to retire and control of unnecessary expenditures.
Bellington, Washington, Iowa City and Sarasota, Florida are
cited as preferred retirement communities. Strategies to retire
slightly later can yield significant benefits in the size of
the monthly income resulting from social security. In some cases,
a delay of even 3-4 years in retirement can result in getting
a 50% increase in the monthly allotment. The author recommends
to simplify life in order to maximize the benefit from your
monthly income. This book is an excellent supplemental reference
for your retirement planning. As such, it is well worth the price.

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