The New Rules of Retirement - 2nd Edition by Robert C Carlson (Hardcover)

About the Book

"Retirement is an opportunity to do the things you could never find the time for while you were working. It's a chance to plan how you really want to spend the rest of your life. But to take advantage of retirement opportunities, you have to plan and prepare. Most of all, you need to know the new rules of retirement planning. In this second edition of The New Rules of Retirement, nationally recognized retirement expert Robert Carlson will show you an integrated approach to retirement planning and teach you proven, profitable, and unique strategies for achieving a financially secure retirement. He'll explain why you should be prepared to save more than past retirees have and how to use the new rules for investing, including an entirely new chapter on annuities. Filled with in-depth insight and practical advice, the second edition of The New Rules of Retirement: - Explores the financial concerns of retirees and preretirees and how they are affected by certain threats - Examines how to estimate retirement spending and how much money should be accumulated for retirement - Discusses health care options and how to pay for long-term care - Reveals how to invest before and during retirement - Illustrates how to plan an estate, cut taxes, and provide for loved ones - Showcases how to manage your IRA more effectively"--

Book Synopsis

Create the retirement you desire with proven financial strategies

The New Rules of Retirement throws away the rules of thumb, clichés, and obsolete ideas. It provides a proven, updated approach to retiring successfully in today's world. In this new second edition based on independent, objective research, retirement expert Robert C. Carlson uses proven, profitable techniques to coordinate all the factors that lead to financial security and independence. You'll learn how much you really need to save for retirement, how to invest that nest egg before and during retirement, and how to establish a wise and sustainable spending strategy. Carlson will explain how to overcome the threats to lifetime financial security, such as longer life expectancy, low investment returns, higher taxes, and more. Importantly, you'll learn how to plan for the wildcards of retirement planning: health care and long-term care expenses. This edition covers changes in key areas such as annuities, IRA management, estate planning, and income taxes. You'll learn how to merge these insights into your plan to enhance financial security and to provide for loved ones in the future.

Retirement no longer means being put out to pasture. Today's retirees are traveling the world, attending classes, developing new skills, starting businesses, mastering neglected hobbies, and more--well into their golden years. This guide helps ensure you have the financial independence to pursue the retirement you want through smart planning and effective financial strategies.

• Know and overcome the threats to retiree financial security
• Learn the right way to estimate retirement spending
• Develop a sustainable spending strategy
• Invest your nest egg to make it last
• Plan for potential long-term health care
• Leave a legacy for loved ones

The retirement is now a new phase of life, not a winding down. It's a time to live your best life and do things you couldn't before. But all the financial aspects of retirement have changed. To maintain financial security and create the retirement you desire, you need to be on top of the changes. The New Rules of Retirement provides the latest, proven strategies that help put the shine in your golden years.

From the Back Cover

The New Rules of Retirement says to throw away the old rules of thumb, conventional wisdom, and formulas. To retire successfully, you need advice developed for today's retirement. In this Second Edition, retirement expert Robert Carlson presents advice and strategies based on independent, objective, detailed research, which reflect today's retirement environment. Carlson shows you that retirement has changed and will change again.

Today you face six critical threats to lifetime income security that past generations didn't face, including low investment returns, higher taxes, the deterioration of Social Security and Medicare, longer life expectancy, and more. Essential for both retirees and pre-retirees, this practical guide clarifies and gives updated advice on all the recent changes in key areas of retirement finance, including annuities, IRA management, estate planning, long-term care, income taxes, and more. This useful resource covers all the facets of retirement finance, including determining how much you can safely spend each year, helping the grandchildren, avoiding scams, and finding your best living options. Carlson explains how to:

• Create the retirement you desire, while avoiding common pitfalls
• Safeguard yourself against the wildcards of retirement planning--healthcare and long-term care expenses
• Develop investing, spending, and lifestyle plans that support your goals of sustainable income and a legacy for your heirs

You need to be ahead of the changes in retirement, and this convenient guide shows the way. You'll learn how to coordinate all the key factors that lead to lasting financial security and independence.

About the Author

ROBERT C. CARLSON is the editor of the monthly newsletter and website Retirement Watch, and managing member of Carlson Wealth Advisors, LLC. He is also chairman of the board of trustees of the Fairfax County Employees' Retirement System.