How Not to Go Broke at 102!: Achieving Everlasting Wealth [Hardcover]

Adriane G. Berg (Author)

Book Description

Publication Date: January 5, 2004

The continued threat to Social Security income makes longevity planning critical for a lifetime of financial security. How Not to Go Broke at 102! examines the challenges of financial longevity and provides readers with guidelines for making the right financial choices that will provide the security to support a long and active life. This book looks at the reality behind long-term care for boomers and their aging parents, discusses methods to maximize life-long income, create intergenerational planning, manage housing and healthcare costs, choose meaningful work, and access newly instituted government programs to live without compromise in the exciting decades ahead.

Editorial Reviews

From the Inside Flap

Your life can be longer, richer, and wiser if you "pre-tool" for your longevity. Author Adriane Berg shows you how to live without compromise in the exciting decades ahead. Thanks to advancements in medicine and technology, your average life span continues to increase each year. Unfortunately, your bank account does not automatically increase at the same pace. Whether you’re thirty, fifty, or sixty-five plus, it’s never too early or too late to start planning for a lifetime of financial security–now. Berg addresses the challenges of longevity in your own life and in the lives of your parents and even your children.

As a radio advice show host, an attorney, and consultant to nonprofit and for-profit organizations, Berg knows the financial challenges of longevity, but she also knows how you can overcome them. Through a series of profiles, vignettes, and anecdotes, How Not to Go Broke at 102! explains how people of all ages are looking at the trend of increased life expectancy as an opportunity–not a burden–and offers proven guidelines for making the right financial choices to insure financial security throughout your long and active life, for yourself and your family.

From housing to healthcare, Berg helps you embrace your aging and offers an exciting image of longevity that will leave you inspired to lead the life you love. Filled with in-depth insights and practical advice, How Not to Go Broke at 102! carefully looks at the reality behind long-term care, integrating finances, intergenerational planning, housing, work, and healthcare, and reveals newly instituted programs designed to help you navigate the evolving world of longevity planning.

In the chapters that follow, you will:

• Learn how to assure "Guaranteed Lifelong Cash Flow"
• Find lifelong fulfillment in new or continued work
• Choose retirement housing without compromise
• Track the inexorable relationship between wealth and health
• Meet the "sandwich" responsibility to your children and your parents head-on
• Throw out a lot of junk along the way

In this age of longevity, where all stages of life will be longer, you will have time to create dreams, realize them, and make new ones. With How Not to Go Broke at 102! as your guide, you’ll be prepared to take on longevity planning for your family, home, health, money, and work. You’ll also feel more confident as you greet each day with a purpose and a plan.

From the Back Cover

Praise for How Not To Go Broke at 102!

"Talk about an idea whose time has come! This book is for the ages–all ages."
–Sidney Zion, columnist, New York Daily News

"Adriane Berg takes wealth building to a new level by providing encouragement to all with this fun and fact-filled guide to creating a truly wonderful life at any age. I would get this for every baby boomer I know . . . and their parents!"
–Ed Slott, CPA, author of The Retirement Savings Time Bomb . . . and How to Defuse It

"We know through our Brookdale Center on Aging how important it is for our elderly to take responsibility for issues related to their own finances and physical health. Ms. Berg covers all the bases from healthcare to financial security to the need to have rich personal relationships throughout all our years. People in all stages of life will benefit from her insightful book."
–Jennifer J. Raab, President, Hunter College

"How Not to Go Broke at 102! is a must-read for all those thinking about retirement. Adriane Berg is not only a highly thought-of financial advisor but also always seems to be ahead of the pack when it comes to her understanding of new trends in financial matters."
–Lee Rosenberg, Principal, ARS Financial Services, Inc. and author of 50 Fabulous Places to Retire in America

"How Not to Go Broke at 102! is a fascinating and ‘eye-opening’ read."
–Thomas "Rod" McVeigh, Director, Human Resources, Konica Minolta U.S.A.

"How Not to Go Broke at 102! is a wake-up call for people of all ages. It is probably most appropriate for baby boomers and people approaching 60. However, the advice on financial planning, lifestyle, and general attitude is written clearly with a sense of humor and can be useful for anyone from their 20s until long into retirement age."
–Kurt Hirschhorn, MD, Professor of Pediatrics, Human Genetics and Medicine
Mount Sinai School of Medicine

"I think this book, given the overwhelming trends, has been a long time coming. It will probably be one of the most valuable works of advice to come along this decade."
–Edie Weiner, prominent futurist and President, Weiner, Edrich, Brown, Inc.

"Being a self-admitted procrastinator when it comes to sensibly planning my long-term financial future, I found How Not to Go Broke at 102! to be an invaluable source and Adriane a remarkable teacher."
–Richard Hall, President and Executive Producer, Tele-Image Corporation

See all Editorial Reviews

Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 1 edition (January 5, 2004)
• Language: English
• ISBN-10: 0471467278
• ISBN-13: 978-0471467274
• Product Dimensions: 9.3 x 6.3 x 1 inches
• Shipping Weight: 30 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #2,961,059 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

2.0 out of 5 stars Good ideas but poor on details, June 6, 2004

By A Customer

This review is from: How Not to Go Broke at 102!: Achieving Everlasting Wealth (Hardcover)

Despite the dumb title, this book by a former local radio talk-show host does have some good ideas and gets you thinking about your future and the alternatives.

The downside is there are narrow one-size-fits-all recommendations and strange errors. For example, Berg pushes gold as a totally safe investment. And she refers to "principal" (as in "principal and interest") as "principle."

Her website pushes a multi-level-marketing deal: "When those six people tell six other people about the easy money they just made you will be well on your way to making $15,000. You will earn on 5 levels of referrals."

Get Jane Bryant Quinn's "Making the Most of Your Money" which is excellent in helping you pick strategies to suit your situation/personality and gives accurate details on a broad range of alternatives.

3 of 3 people found the following review helpful:

3.0 out of 5 stars Book Review, February 25, 2006

By 

N.R. "Library Lady" (New Jersey) - See all my reviews

This review is from: How Not to Go Broke at 102!: Achieving Everlasting Wealth (Hardcover)

I purchased this as a request for the library I work in. The patrons who borrowed this said it was OK, but not any different from any of the other investment books out there. Basically start early and invest conservatively and diversely.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Updated and even better than before!, June 21, 2008

By 

Adam Streicher - See all my reviews
(REAL NAME)   

This review is from: How Not to Go Broke at 102!: Achieving Everlasting Wealth (Paperback)

I owned a hard cover copy from when it originally came out. I hadn't read it in a while and remembered it being helpful, but could not find it. When I purchased the new paperback copy from Amazon, I was delighted to find it had been updated! Upon re-reading it, I found Adriane's tips/facts on elderly healthcare and government programs to be especially helpful. Used to be a big fan of her radio show, wish it were still on.

I would definitely recommend this book to anyone, specifically people over the age of 50 or with aging parents (isn't that all of us?).