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Retire on Less Than You Think: The New York Times Guide to Planning Your Financial Future Paperback – February 4, 2004
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About the Author
New York Times. He has also covered business and finance issues for The Wall Street Journal, the Houston Chronicle, and the Louisville Courier-Journal. He lives in New Jersey.
Top Customer Reviews
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.
Many people fail to anticipate that their living costs are going to shrink as their children become independent, their mortgages are paid off and work related expenses go away. That's the message of the book: That you don't need as much as financial services advisers often suggest you will need.
What was most useful to me was the factual stuff about health insurance. For example, if you quit your job and use COBRA to continue buying health insurance (which you can do for up to 18 months), you can qualify for HIPPA. Or if you go to college for a semester, you can buy health insurance through the school, and you can keep that once you're out.
Unfortunately, he devotes quite a lot of the book to his views on Social Security (he thinks it's in fine shape, so leave it alone) and health insurance (he'd be just tickled pink if we imported Canada's version down here). I'm not here to take a position on these one way or the other, but I mean, COME ON, what does that have to do with MY retirement planning? If I were a political activist, that might be useful, but what I'm trying to do here is plan my retirement, not influence national policy. Sheesh!
Another problem I have with the book is that he doesn't spend much time contemplating the effects of inflation. If you retire at age 60 and live another 20 years, let's say, and inflation runs a 3.5%, your retirement income after 20 years will be worth almost exactly half of what it was worth 20 years earlier.
It's a fairly quick read but I'm not sure it's really worth the money. You can find most of this stuff with little effort elsewhere.
Most Recent Customer Reviews
Brock offers consistent advice on retiring to a location with a low cost of living, and he does provide many examples of the advantages of this approach. Read morePublished 6 months ago by J. Conaci
Extremely interesting and great points of view. I'll be using this as my 'basis' for planning my retirement.Published 7 months ago by Cliffbert
A New York Times writer, and it shows. Boiled down, relevant, unbiased, and accurate, I'd endorse it as standard issue for all persons 50 or older.Published 8 months ago by Dean
The author wrote a column on "Seniority" for the NY Times "Money and Business" section for some years. Read morePublished 18 months ago by Christopher
This book is a must for those of us that thought we knew how to retire. I am by no means well-to-do and made a middle "middle income". Read morePublished 19 months ago by P. M. Singer
No news here. If you know anything about basic investing then forget this.Published 21 months ago by fishead83
This book was good, a little more technical then I was expecting but provided some good insights. The basics are simple, retire to a cheaper part of the country and your $$ will go... Read morePublished on July 17, 2014 by Amazon Customer