Description: Introduction I. Your Retirement Needs Hour 1. Confronting Retirement Realities. Increasing Life Spans. Retirement Stages. Demographic Trends. Sandwich Generation. Divorce. Retirement Gender Gap. Disability. Benefit Cutbacks. Employer Cutbacks. Government Benefit Cutbacks. Economic Trends. Shift to Personal Responsibility. Hour''s Up! Hour 2. Envisioning Your Retirement. Decide When. The Cost of When. When to Say When. Decide Where. Location Considerations. Location Choices. Decide About Working Part-Time. Decide on Leisure and Travel Goals. Decide on Your Overall Living Standard. Hour''s Up! Hour 3. Quantifying Retirement Costs. Estimate Food and Shelter Costs. Active Adult Retirement Communities (AARC). Continuing Care Retirement Communities (CCRC). Concentrated Retirement Care Living Options. Homeowner''s Insurance. Estimate Healthcare Costs. Estimate Leisure and Travel Costs. Estimate Other Recurring Budget Items. Personal Care. Clothing and Local Transportation. Professional Services and Insurance. Taxes and Lump-Sum Expenses. Combine Estimates into Total Budget. Hour''s Up! Hour 4. Quantifying Retirement Assets. Your Financial Assets. .Inventory Cash-Equivalent Savings. Inventory Market and Insurance Investments. Inventory Personal Retirement Assets. Inventory Employer Retirement Benefits. Inventory Government (Aided) Retirement Benefits. Inventory Home Equity, Real Estate. Inventory Property, Collectibles, Business Value. Inventory Potential Gifts and Inheritance. Understand Your Liabilities. Your Retirement-Ready Net Worth. Compile Your Inventory. What You Can Do Now. Hour''s Up! II. YOUR RETIREMENT GAP. Hour 5. Retirement Finance Basics. Understand Inflation and Interest Rates. Return on Investment. Rate of Return. Historical Rate-of-Return Yardsticks. Understand Taxation Basics. Understand After-Tax Cash Flow. Understand Time Value of Money. Understand Estimation and Assumption. Hour''s Up! Hour 6. Retirement Gap Calculation. Understanding the Retirement Gap Concept. Financial Formulas Used in Calculations. Inflation. Investment Return. Synchronize for Growth with Inflation. Retirement Need Gap Calculation. Hour''s Up! Hour 7. Introduction to Retirement Gap Calculation. Setting the Stage. Preparing the Worksheets. Retirement Need Gap Calculation Procedure. Calculating Your Own Retirement Gap. Hour''s Up! Hour 8. Retirement Gap Solutions. Budgeting Basics. Investing Basics. Utilize Tax Reduction/Deferral Basics. Benefit Utilization Basics. Understand Dual-Purpose Resources. Your Home. Tax-Deferred Retirement Savings. Invest in Your Earning Potential. What Can You Do'. Hour''s Up! III. EMPLOYMENT/GOVERNMENT PLANS. Hour 9. Social Security. Understand Contributions and Eligibility. Estimate Standard Benefit. Evaluate Early/Delayed Benefit Options. Early Retirement. Delayed Retirement. Estimate Supplementary Income Effects. Evaluate Taxation of Benefits. Anticipate Social Security Trends/Revisions. Hour''s Up! Hour 10. 401(k) and Related Plans. Defined-Contribution Salary-Reduction Plans. A Closer Look at 401(k)s. A Closer Look at 403(b)s. Employer and Employee Contributions. Contribution and Investment (Re)Allocations. Allocation Alternatives. Allocation Rules. Income-Tax Impacts. Rules: Vesting, Borrowing, Withdrawals, Portability. Borrowing from Your 401(k). Plan Trends and Your Rights. Your Rights. Hour''s Up! Hour 11. Small Business/Self-Employed Plans. Understand SEP-IRA, SIMPLE IRA, and Keogh Basics. SEP-IRAs. SIMPLE IRAs. Keogh Plans. Income Tax Impacts. Understand Vesting, Withdrawals, and Portability. Comparison of Small Business/Self-Employed Plans. Hour''s Up! Hour 12. Defined-Benefit and Federal Pension Plans. Traditional Defined-Benefit Pensions. Cash-Balance Defined-Benefit Pensions. Pension Politics: Controversial Conversions. Normal and Early Retirement Options. Employee Rights and Pension Trends. Pension Trends. U.S. Federal Employee Pensions. Two Retirement Systems. Thrift Savings Plan. Hour''s Up! Hour 13. Traditional/Roth IRAs. IRA Eligibility and Contribution Basics. Tax-Deductible IRA Eligibility and Contributions. Roth IRA Eligibility and Contributions. Non-Tax-Deductible IRA Eligibility and Contributions. Common Rules. IRA Withdrawal Rules. Rollovers and Roth Conversions. Compare IRA Alternatives. Understand Investment Alternatives. Plan Trends. Hour''s Up! Hour 14. Medicare and Private Supplementary Insurance. The Medicare Problem. Understand Medicare Basics. Understand the Enrollment Window. Understand Medicare Reimbursement. Understand Private Supplementary Insurance (Medigap). Understand Shopping for Supplementary Insurance. Understand Long-Term-Care Insurance. Hour''s Up! IV. ASSEMBLING THE PLAN. Hour 15. Integrating Retirement Sources. Build a Long-Term Investment Portfolio. Employer/Government Plan Resources. Other Savings Sources at Work. Profit-Sharing Plans. Employee Stock Ownership Plans (ESOP). Employee Stock Purchase Plans. Thrift Plans. Employee Stock Options. Variable Universal Life Insurance and Variable Annuities. Other Investments. Collectibles. Home Equity and Other Real Estate. Capital-Based Business Opportunities. Inheritance and Other Windfalls. Hour''s Up! Hour 16. Savings/Spending Priorities. Ration Overall Spending vs. Retirement Saving. Ration House Down Payment vs. Retirement Saving. Ration Debt Payoff vs. Investing. Ration Education vs. Investing. Ration Between Other Choices. Setting Priorities. Insurance vs. Retirement Saving. Hour''s Up! Hour 17. Retirement Road Detours. Expect the Unexpected. Premature Death or Disability. Family Medical Crises. Sudden Benefit Losses. Divorce. Expect the Expected. Family-Need Crunches. Early Retirement and Layoffs. Anticipate/Handle Widow(er)hood. Minimize the Detour Damage. Insurance. Shielding Assets. Hour''s Up! Hour 18. Retirement Plan Management. Changing Jobs. Portability Options. Using the Catch-Up Provisions. Max Out Your Retirement Savings Options. Portfolio Balancing and Investment Reallocation. Early Withdrawal Rules Without Penalty, If You Must. Roth Conversion Strategies. Hour''s Up! Hour 19. Completing the Plan. Determine Planning Parameters. Planning Time Frame. Determine Risk Tolerance by Life Stage. Economic and Investment Assumptions. Investment Amounts and Allocations. Project Contributions to Plans/Investments. Determine Asset Allocation Strategy. Bonds. Stocks. Adjusting Calculations and Assessing Performance. Hour''s Up! Hour 20. Comprehensive Retirement Gap Calculation Example. Setting the Stage. Preparing the Worksheets. Retirement Need Gap Calculation Procedure. Use of Estimations and Assumptions. Hour''s Up! V. ROAD TO RETIREMENT. Hour 21. Retirement Gap Scenarios. Typical Young Single Situation. Planning Advice. Savings Advice. Typical Young Married Situation. Debt and Houses. Kids. Typical Mid-Life Couple Situation. Typical Divorced Couple Situation. Typical Permanent Single Situation. Pre-Retirees. The Right Financial Advisor. Make Sure They Have Good Qualifications. Find an Advisor with a Compatible Style. Find a Compatible Advisor. Understand How Your Advisor Gets Paid. Have Confidence in the Methods Your Advisor Uses. Hour''s Up! Hour 22. Pre-Retirement Planning. Revisit Retirement Scenario. Determine the Attainability of Your Original Goal. Determine Whether Your Objectives Have Changed. Revise Retirement Scenario. Consider Your Current Life Circumstances and Health. Consider Your Desire/Ability to Continue Working. Envision Retirement Life More Realistically. Pre-Retirement Lifestyle and Work Actions. Continuing Work or Starting a Business. Phasing Down or Out of a Business. Pre-Retirement Financial Actions. Restructure Investments for Retirement. Social Security, Medicare, Long-Term Care. Viatical Settlements. Reverse Mortgages. Annuities. Hour''s Up! Hour 23. Managing Retirement Distributions. Pensions. Lump Sums vs. Annuities. Annuity Withdrawal Options. Lump-Sum Withdrawal Options. Pension Plan Errors. All Other Retirement Plans. Understand Differing IRS Withdrawal Rules. Understand Tax Ramifications of Withdrawals. Evaluate Retirement Withdrawal Options. Social Security Rules for Widows and Widowers. Revisiting Your Withdrawal Options Annually. Hour''s Up! Hour 24. Retirement Pitfalls, Shortfalls, and Surpluses. Monitor Your Retirement Plan''s Performance. Avoid Ripoff Retirement "Opportunities". Remarriage and Other Complications. Retirement Dreams Deferred. Retirement Sweet Dreams, for Good. Hour''s Up! APPENDIXES. Appendix A. 20-Minute Recap. Appendix B. Resources. Appendix C. Answers to Quiz Questions. Appendix D. Retirement Gap Data and Calculation Worksheets. Index.

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