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Set for Life: A Financial Planning Guide for People Over 50
 
 
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Set for Life: A Financial Planning Guide for People Over 50 [Hardcover]

Bambi Holzer (Author)
4.4 out of 5 stars  See all reviews (12 customer reviews)

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Book Description

January 15, 2000 0471321141 978-0471321149 1
"When can I afford to retire?"

"Will my money last long enough?"

"How can I enjoy my retirement to the fullest?"

Not long ago, retirement was simple. You'd spend thirty or forty years at the same company, get your gold watch, and collect your pension and savings bank giveaways for the duration of your years left on earth. No longer. The classic notion of retirement has been replaced with a newer, healthier concept that reflects the longer lifespans, more active lifestyles, and exciting "creative aging" options that seniors enjoy today. Along with these new choices come new responsibilities, as people in their fifties join the "sandwich generation" who must simultaneously care for their children, their parents, and themselves.

So how can you ensure that your retirement is as comfortable as possible? How can you make sure your money will last at least as long as you do? How can you, in short, be set for life?

In Set for Life, financial expert Bambi Holzer provides the answers. This practical, thoughtful book-the only guide specifically for individuals age fifty-plus-shows you how to assess your needs, manage your investments, cope with taxes and insurance, stay ahead of inflation, prepare your estate, and develop realistic financial goals, no matter what your situation or how financially savvy you are.

In plain, simple language, Set for Life walks you through the various parts of your financial life and explains how to pull them together to build a clear, achievable plan for a satisfying future. As you read through the book, you will:
* Examine where you stand today-how much you have, how much you know, and how prepared you are
* Explore how and where you want to live-second careers, volunteer jobs, travel, and the kind of home setting you'd prefer
* Figure out how much it will cost you to live-understand inflation, add up your future expenses, and create a spending plan
* Learn how to fill your retirement bucket-discover your best strategies for saving and investing, how to get the most out of Social Security and your IRA, and how to tap the equity in your home
* Arrange your affairs-how to integrate family and finances, alternative living arrangements to consider when living at home isn't working anymore, and how to cope with change


Set for Life is more than simply a financial planning guide-because life after fifty is no longer simple. Written by a woman who helps people like you every day, this book is as full of encouragement and insight as useful information. It will help you clarify your own vision of your retirement and bring it to fruition. Most of all, it will give you confidence that you can take control of your financial life, and secure the future you hope for.

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Editorial Reviews

Amazon.com Review

PaineWebber investment executive Bambi Holzer's first book, Retire Rich, presented peak-earning, but financially naïve, baby boomers with the fundamental tools and techniques necessary to create individualized retirement plans based on current situations and projected needs. In Set for Life, she addresses financial planning and management issues for readers even closer to retirement age. Unlike boomers a decade or two younger, who are still actively accumulating resources, Holzer writes, these folks "are more concerned with keeping what they have. They are not necessarily trying to get rich. They just want to have a comfortable lifestyle and make their money last as long as they do." She offers advice on maximizing "your retirement bucket ... between now and then" through sound investment decisions; determining how assets will be affected by additional sources of income such as Social Security, real estate, and paid employment; accommodating the inevitable impact of taxes, insurance, and inflation; and generally preparing the best way possible for the uncertainties ahead. --Howard Rothman

From the Inside Flap

"When can I afford to retire?" "Will my money last long enough?" "How can I enjoy my retirement to the fullest?" Not long ago, retirement was simple. You’d spend thirty or forty years at the same company, get your gold watch, and collect your pension and savings bank giveaways for the duration of your years left on earth. No longer. The classic notion of retirement has been replaced with a newer, healthier concept that reflects the longer lifespans, more active lifestyles, and exciting "creative aging" options that seniors enjoy today. Along with these new choices come new responsibilities, as people in their fifties join the "sandwich generation" who must simultaneously care for their children, their parents, and themselves. So how can you ensure that your retirement is as comfortable as possible? How can you make sure your money will last at least as long as you do? How can you, in short, be set for life? In Set for Life, financial expert Bambi Holzer provides the answers. This practical, thoughtful book—the only guide specifically for individuals age fifty-plus—shows you how to assess your needs, manage your investments, cope with taxes and insurance, stay ahead of inflation, prepare your estate, and develop realistic financial goals, no matter what your situation or how financially savvy you are. In plain, simple language, Set for Life walks you through the various parts of your financial life and explains how to pull them together to build a clear, achievable plan for a satisfying future. As you read through the book, you will:
  • Examine where you stand today—how much you have, how much you know, and how prepared you are
  • Explore how and where you want to live—second careers, volunteer jobs, travel, and the kind of home setting you’d prefer
  • Figure out how much it will cost you to live—understand inflation, add up your future expenses, and create a spending plan
  • Learn how to fill your retirement bucket—discover your best strategies for saving and investing, how to get the most out of Social Security and your IRA, and how to tap the equity in your home
  • Arrange your affairs—how to integrate family and finances, alternative living arrangements to consider when living at home isn’t working anymore, and how to cope with change
Set for Life is more than simply a financial planning guide—because life after fifty is no longer simple. Written by a woman who helps people like you every day, this book is as full of encouragement and insight as useful information. It will help you clarify your own vision of your retirement and bring it to fruition. Most of all, it will give you confidence that you can take control of your financial life, and secure the future you hope for.

Product Details

  • Hardcover: 256 pages
  • Publisher: Wiley; 1 edition (January 15, 2000)
  • Language: English
  • ISBN-10: 0471321141
  • ISBN-13: 978-0471321149
  • Product Dimensions: 9.3 x 6.3 x 0.9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.4 out of 5 stars  See all reviews (12 customer reviews)
  • Amazon Best Sellers Rank: #1,350,892 in Books (See Top 100 in Books)

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Customer Reviews

12 Reviews
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Average Customer Review
4.4 out of 5 stars (12 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

18 of 21 people found the following review helpful:
5.0 out of 5 stars Set for Life: Financial Peace for People over 50, June 12, 2000
This review is from: Set for Life: A Financial Planning Guide for People Over 50 (Hardcover)
Excellent read! Easy, down-to-earth explanation of retirement planning by a financially savvy advisor. I especially appreciate that all proceeds from book sales go to charity.
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8 of 8 people found the following review helpful:
5.0 out of 5 stars Set For Life, January 27, 2000
By 
This review is from: Set for Life: A Financial Planning Guide for People Over 50 (Hardcover)
I saw Ms. Holzer on the TODAY show and bought her book. As a recent 56 year old divorcee, I was not sure about my financial future. Now after reading "Set for Life" I feel I am headed in the right direction. Ms. Holzer is concise, and knows her stuff. I highly recommend "Set for Life"- it changed mine!
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10 of 12 people found the following review helpful:
5.0 out of 5 stars Set for Life: A Retirement Planning Guide for People over 55, January 26, 2000
By A Customer
This review is from: Set for Life: A Financial Planning Guide for People Over 50 (Hardcover)
This is a very easy to read and practical guide. I especially enjoyed the chapters on how and when to take Social Security and on insurance. This was a very informative book
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Inside This Book (learn more)
First Sentence:
Ask people over the age of 50 what their financial concerns are and you'll hear answers ranging from "When can I afford to retire?" Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
retirement bucket, minimum mandatory distributions, asset allocation plan, rollover account, estate planning strategies, own work history, health care power, drawing income, full retirement age, unified credit
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Uncle Sam, United States
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