It is never too early to start planning and saving for your retirement. Trust me, I'm sixty-two years young and I've been saving since I was eighteen. As I approach sixty-five, I want that security that planning provides. I am a firm believer that those you fail to plan, plan to fail. That is why today's BOOK OF THE DAY by J.L. Edwards is so important. "Retire Not Expire: Plan Your Escape... Transition" is an incredible resource and I highly recommend it. This book and author also won the Pencraft Awards, 1st Place, for Literary Excellence. Congratulations to the author for this achievement.
Take a look at this magnificent book.
Retire Not Expire: Plan Your Escape. . . Transition – May 13, 2020
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Can you afford to retire and live on 50% of your current salary? Have you mapped out an actionable plan to retire with some level of security? Are you reviewing your 401(k)-account balance regularly and more importantly, do you have an investment strategy in place to generate income after you retire? If you answered "no" to any of these questions, you should read on. Like the American Dream, your retirement is based on an ideal. One that gives you freedom. You can choose to retire at 35 or 85 or somewhere in between. Making the choice is easy if you are armed with the critical information you need to know to make good decisions. But what if you only have been given part of the big picture? Will you still be able to make good decisions about your retirement benefits? "Retire Not Expire" is written from the perspective of an employee benefits professional who counsels employees rather than the perspective of a financial planner. The goal of the book is not to sell you a financial services product. The goal is to give you the information about retirement benefits so that you can ask the tough questions of yourself and your financial advisors before making the leap into retirement. We will delve into the difference between guaranteed income benefits versus tax advantageous savings accounts. We cover topics such as making the transition from an active employee to a retiree and we will demystify your benefits calculation. We will touch on the velvet handcuff known as health insurance as well as discuss the importance of asking the right questions of your retirement plan administrator, your human resources advisor and your financial advisor. Most importantly, we will give you a roadmap for making the transition into your best life. Retirement is a mindset. It is not a death sentence.
Editorial Reviews
Review
Retire not Expire by J. L. Edwards is a true guidebook for anyone who anticipates being around to retire sometime in the future. It is a well-written book with great insight into today's often complicated world of investments. This short but insightful book is a friendly/casual read, not dry at all--like many similar books. There are real experience examples--many of which seem quite familiar--that will help you focus on a map to help navigate to your retirement. The book offers a very balanced, simplistic no-frills approach to reaching your retirement objectives. The book's goal is not just helping you have the cash to live on in retirement, but the planning to have the life that you have dreamed and imagined. It is a book filled with wisdom on making the choices that are best to optimize your future retirement.
Retire not Expire will give you insights and confidence to start your retirement journey. Don't delay. Spend some time putting your retirement plan in place. Learn more about social security and other programs that you have given little real thought to. You will find Edwards' guide provides an insightful look at the very complex Social Security system and how your understanding of it is necessary if you expect to get the most out o fit. She talks about when you should start taking social security and the issues you can incur if you start taking benefits to early.
Edwards provides advice on the misunderstood IRA. She gives you current rules on starting one and the expectations of its contribution toward your retirement funds. She clarifies what and how your 401K benefits you and the importance of understanding how it helps you during your retirement years.
The book is not just about crunching the numbers, but the social and psychological impact of transitioning into retirement. It's about transitioning into a life of more freedom and control. The book is filled with the wisdom you need to make the choices that are necessary to optimize your future retirement. The day of retirement is something that we all face, and yet so many of us either haven't prepared or have accepted that we must just keep working till our last day. There is a difference between retiring and barely making it and retiring successfully and enjoying life at its fullest.
Edwards also tosses into her book a chapter on planning for your eventual demise. How much is it going to cost, and what benefits do you already have that can help pay for this eventuality? Some of the best advice provided by this book is how to reduce your expenses. Reducing your expenses is a critical part of preparing for retirement, and it is something that you should be aware of and practice way before retirement. She offers up many expenses that you can eliminate or reduce without changing the quality of your life. Retire not Expire is a perfect guidebook for anyone exploring the road that leads to retirement. Stacie Hearne - Authorsreading.com
"Retirement is a mindset. It is not a death sentence."
Retire Not Expire, written by J. L. Edwards, is a non-fiction book that aims to change the reader's perspective about retirement. In the book, the author talks about what it means to retire, the dangers of relying on social security, the concept of health and life insurance, and so much more. She also includes personal anecdotes and conversations she had with friends.
When you think of retirement, what comes to mind? Sleeping, watching tv, and playing bingo with fellow seniors in a retirement home? Well, you better wakeup because life is not that easy.
Do you know the difference between a retirement plan and a retirement savings account? Do you even have any of those? Do you know whether you qualify for social security benefits when you retire? Oh, my bad, I am asking too many questions. But if you could not answer two out of the three questions above, then you need to read Retire Not Expire.
Before reading the book, I had thought nothing of my future -- or even retirement. I just thought things would sort themselves out by then. But now I am well aware of the implications of my ignorance. We all need to prepare and plan for retirement, or we risk putting our future in jeopardy. For example, this is what the author had to say of a conversation she had with a driver:
"When I explained to him that social security had raised the retirement age; that the average monthly benefit was only $1,400 and that by 2035 the benefit could be cut by 25%, he almost rear-ended the guy ahead of us because he was in a state of shock."
Now, do you realize just how serious the issue of retirement is? In fact, I would recommend that everyone read this book, because it is never too early or too late to start preparing for retirement.
Moreover, the one thing I liked most about Retire Not Expire was the inclusion of personal anecdotes, as they helped to drive home the points of the author in a simple and engaging manner. Further, I liked how the author provided extra resources for those who want to learn more and how she re-emphasized the most important points at the end of the book. Indeed, I fear that I may be accused of exaggerating if I say that Retire Not Expire was unputdownable.
Considering the aforementioned points, I rate the book 4 out of 4 stars.
Elvis Best - Onlinebookclub.org
A retirement plan was far from my mind. This is an eye opener. Tabilito - Onlinebookclub.org
Wow, a very practical piece. Well-done. Teele - Onlinebookclub.org
An informative piece that requires an action plan. Good job! Chiwa - Onlinebookclub.org
Retire not Expire will give you insights and confidence to start your retirement journey. Don't delay. Spend some time putting your retirement plan in place. Learn more about social security and other programs that you have given little real thought to. You will find Edwards' guide provides an insightful look at the very complex Social Security system and how your understanding of it is necessary if you expect to get the most out o fit. She talks about when you should start taking social security and the issues you can incur if you start taking benefits to early.
Edwards provides advice on the misunderstood IRA. She gives you current rules on starting one and the expectations of its contribution toward your retirement funds. She clarifies what and how your 401K benefits you and the importance of understanding how it helps you during your retirement years.
The book is not just about crunching the numbers, but the social and psychological impact of transitioning into retirement. It's about transitioning into a life of more freedom and control. The book is filled with the wisdom you need to make the choices that are necessary to optimize your future retirement. The day of retirement is something that we all face, and yet so many of us either haven't prepared or have accepted that we must just keep working till our last day. There is a difference between retiring and barely making it and retiring successfully and enjoying life at its fullest.
Edwards also tosses into her book a chapter on planning for your eventual demise. How much is it going to cost, and what benefits do you already have that can help pay for this eventuality? Some of the best advice provided by this book is how to reduce your expenses. Reducing your expenses is a critical part of preparing for retirement, and it is something that you should be aware of and practice way before retirement. She offers up many expenses that you can eliminate or reduce without changing the quality of your life. Retire not Expire is a perfect guidebook for anyone exploring the road that leads to retirement. Stacie Hearne - Authorsreading.com
"Retirement is a mindset. It is not a death sentence."
Retire Not Expire, written by J. L. Edwards, is a non-fiction book that aims to change the reader's perspective about retirement. In the book, the author talks about what it means to retire, the dangers of relying on social security, the concept of health and life insurance, and so much more. She also includes personal anecdotes and conversations she had with friends.
When you think of retirement, what comes to mind? Sleeping, watching tv, and playing bingo with fellow seniors in a retirement home? Well, you better wakeup because life is not that easy.
Do you know the difference between a retirement plan and a retirement savings account? Do you even have any of those? Do you know whether you qualify for social security benefits when you retire? Oh, my bad, I am asking too many questions. But if you could not answer two out of the three questions above, then you need to read Retire Not Expire.
Before reading the book, I had thought nothing of my future -- or even retirement. I just thought things would sort themselves out by then. But now I am well aware of the implications of my ignorance. We all need to prepare and plan for retirement, or we risk putting our future in jeopardy. For example, this is what the author had to say of a conversation she had with a driver:
"When I explained to him that social security had raised the retirement age; that the average monthly benefit was only $1,400 and that by 2035 the benefit could be cut by 25%, he almost rear-ended the guy ahead of us because he was in a state of shock."
Now, do you realize just how serious the issue of retirement is? In fact, I would recommend that everyone read this book, because it is never too early or too late to start preparing for retirement.
Moreover, the one thing I liked most about Retire Not Expire was the inclusion of personal anecdotes, as they helped to drive home the points of the author in a simple and engaging manner. Further, I liked how the author provided extra resources for those who want to learn more and how she re-emphasized the most important points at the end of the book. Indeed, I fear that I may be accused of exaggerating if I say that Retire Not Expire was unputdownable.
Considering the aforementioned points, I rate the book 4 out of 4 stars.
Elvis Best - Onlinebookclub.org
A retirement plan was far from my mind. This is an eye opener. Tabilito - Onlinebookclub.org
Wow, a very practical piece. Well-done. Teele - Onlinebookclub.org
An informative piece that requires an action plan. Good job! Chiwa - Onlinebookclub.org
From the Author
I watched three generations retire. My great-grandparents retired in poverty; my grandparents were poor as well. In fact, my grandmother's monthly retirement benefit was less than $100 a month. My mom learned the lessons from previous generations and set out to educate herself about real estate, investments, and estate planning. I'm taking it a step further by sharing the personal and professional lessons I've learned over my30+ years in the field. No one should have to retire in poverty. Everyone deserves a retirement that gives them freedom and security.
It's time we begin to reimagine our ideal retirement because the three legged-stool is broken.
It's time we begin to reimagine our ideal retirement because the three legged-stool is broken.
