Retire Early? Make the SMART Choices - Hardcover

Silbiger, Steven A.

Hardcover

ISBN 10: 0060798661 ISBN 13: 9780060798666

Publisher: William Morrow, 2005

Synopsis

Are You Considering Early Retirement?

Do You Know Someone Who Is Considering This Momentous Decision?

With Retire Early? Make the SMART Choices, Steven Silbiger, CPA, offers a short guide to the big issues of retirement planning—packed on every page with detailed, step-by-step advice. Choosing when to retire is one of the most important—and overlooked—decisions we will make about our lives. Silbiger, author of The Ten-Day MBA, has written the first guide that untangles the complicated issues surrounding early retirement, based on careful research about the money pitfalls retirees and near-retirees face. He delivers an understandable roadmap that demystifies the confusion about Social Security benefits, and clarifies the choices for anyone considering when and how to retire.

Are you thinking about getting the early Social Security check? It can be tempting, but for many this can be a foolhardy decision. For others, it makes perfect sense. Making the smart choice about when to retire can make a $100,000 difference for an individual and $200,000 for a couple. Silbiger guides readers through the key variables that affect the decision to elect early Social Security retirement benefits:

• What are your early benefits and penalties?
• How's your health?
• Are you married?
• Are you planning on working while retired?
• What are your cash needs during retirement?

By getting a grip on how to manage our investments, cash flow, and real estate, Silbiger shows how we can put thousands of dollars more into our pockets every year. He addresses vital questions about money and retirement that include:

• Tapping your nest egg for retirement—how to make ends meet?
• Which retirement investments are for you?
• Are you prepared to fend off scam artists?

Through it all, you'll meet everyday people who have faced the early retirement question and learned how to make the smart choices. Silbiger provides the tools, worksheets, and assessments to avoid costly mistakes, take charge of your financial future, and choose the path to a secure, happy retirement.

About this title

About the Author

Steven Silbiger, MBA, CPA, is a senior director of marketing at Plymouth Direct with a gift for communicating sophisticated financial and business issues in the clearest manner possible. More than 400,000 copies of his acclaimed book The Ten-Day MBA have already been sold. A top-ten graduate of the Darden Graduate School of Business at the University of Virginia, Silbiger lives in Philadelphia with his family.

Reviews

Marketing executive Silbiger sets out to provide information on retirement choices that he contends is not available elsewhere. Many Americans do not understand the changes and choices surrounding early retirement; hence, the author answers questions and highlights errors in decision making that could cost singles $100,000 and even more for married couples. With case studies, charts, and worksheets, he provides a road map for electing early retirement, addressing key issues such as determining actual benefits to be received, penalties for early retirement, tax and health considerations, marital status, and cash needed for retirement. He also considers the issue of Social Security insolvency and offers numerous ideas for preventing its demise. We learn that making good retirement decisions can mean the difference between a happy retirement and one on limited means. With the baby-boomer generation poised for retirement and many considering early retirement, a wide range of library patrons will find this concise and thoughtful book a valuable resource. Mary Whaley
Copyright © American Library Association. All rights reserved

Edition details

• Publisher: William Morrow
• Publication date: 2005
• Language: English
• ISBN 10: 0060798661
• ISBN 13: 9780060798666
• Binding: Hardcover
• Number of pages: 240