retirement REVIEW |
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bungalow retirement |
age change retirementIt would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.
If you've read some of the Rich Dad, Poor Dad books before, the main new information in this book is an explanation of why stock market investing with pension money is a dangerous way to grow your "wealth." In addition to being at risk from con men, thieves, incompetents, brokerage houses and market volatility, you face the ticking time bomb of a growing number of U. S. investors being legally required to liquidate their holdings beginning at age 70 1/2. As the Baby Boom generation turns 70 1/2 beginning in 2016, the selling moves from being a trickle into being a torrent that overwhelms new funds into the market at some point . . . followed by an inevitable collapse in stock values. If you want a more detailed, confirming discussion of this issue, the book, What If Boomers Can't Retire?, is a good choice. Harry S. Dent, Jr.'s demographic books also look at this issue. If you already believe in the messages of the earlier books, you could skip this one . . . especially if you have already decided to avoid or minimize stock-market investments. If you have read none of the Rich Dad, Poor Dad series, I suggest that you start with Rich Dad, Poor Dad before tackling this one. You'll understand this book better if you do. The other problem with traditional defined contribution pension investing (usually by 401-k plans), of course, is that a pension fund contribution takes lots of cash out of your pocket (unless the employer matching is very generous -- way more than 2:1) to put some money into the retirement account. So you face the possibility of being much poorer in cash flow while you save for retirement investing and poorer when you cash out of the investment after you pay the taxes on what you take back in what could be smaller values. Imagine if you had had to start withdrawing from your pension fund in 1929. That's one nice illustration that I enjoyed in the book. Possibly, the same could occur after 2016. Who knows? The second half of the book advises you on how to build a financial ark against hard times by relying on building cash-generating businesses and investments (such as rental properties) after you achieve your financial education (which you didn't learn in school, even if you got a business degree from most schools). You are encouraged to start small and develop various kinds of control over your emotions, advisors and actions. It's all sound advice. My only complaint is that people who are going to start making real estate investments and building cash-generating businesses need a lot more information than is here. I graded the book down one star, accordingly. The first half of the book could have been shortened up quite a bit, but for those who are unaware of the demographic time bomb's potential effect on their investments, it may help to get the story in small doses. The surprise for a lot of people in this book is going to be that what they hear every day from best-selling "authorities" about the "right rules" of retirement investing could easily turn out to be wrong for them. After you absorb and begin to apply these lessons, I suggest that you think about where in your life the conventional wisdom led you down the wrong path. Where else could that be happening to you now?
1. Retirement Age Change in 2020 | Article
14-FEB-06 - A rise in the state pension age will soon be "inevitable", according to work and pensions secretary John Hutton. He told the Work... | Free With Signup 2. Emirates Recruitment " Explore Our Careers " Flight Deck Crew 3. Changes to your Retirement Age Changes to your Retirement Age. The Government has changed the ... If you do not choose a new retirement. age we will automatically change ... 4. BBC News | EUROPEAN | Should the retirement age change? As Europe's population shrinks and gets older, should the age of retirement be raised? ... Should the retirement age change? It's been called the pensions timebomb. ... 5. (retirement age) Proposed IRS Retirement Rule Change Deferred - THEE ... (retirement age) Proposed IRS Retirement Rule Change Deferred ... For most workers, a normal retirement age that falls between ages 55 and 62 ... 6. LCQ4: Retirement age The present retirement age of the civil service has been set, after taking into ... 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Under proposed changes minimum retirement age be increased 50 55 2010. ... 16. Ministry of Manpower | The Retirement Age Act The Retirement Age (RA) Act covers all employees who are Singapore citizens and ... such as changes in an employee's productivity, performance, duties and ... 17. Retirement Age Having time on your hands is a lifestyle change. If you have reached retirement age (as defined by the SSA), it's time to enjoy life! Here are some ideas on what to ... 18. Wine at the End of the Feast: Embracing Spiritual Change as You Age by Wine at the End of the Feast: Embracing Spiritual Change as You Age by Kristen Johnson Ingram - In Stock now at Christianbook.com for $10.99 19. Retirement Benefits Your benefit payment also is affected by the age at which you decide to retire. ... the full retirement age until it reaches age 67. This change affects people born ... 20. Retirement age ... oppose the individual opt-out from a collective agreement on retirement age. ... in this motion is that employers will take it as a green light to change their ... 21. Call to set up timetable to scrap statutory retirement age ... timetable for the removal of the mandatory retirement age have come after a national survey found workers ... Change Management. Diversity and Equal ... 22. No plan to change retirement age No plan to change retirement age ( 2003-11-03) +Future SARS ... No plan to change retirement age ( 2003-11-03) +First a man, now moon for space programme ... 23. cbs11tv.com - Change In Air On Retirement Age For Pilots Next month, the International Civil Aviation Organization is expected to establish a worldwide retirement age of 65 for commercial pilots. Locally, Southwest pilots ... 24. Ageing - Wikipedia, the free encyclopedia ... age is considered to begin at the age of legal retirement ... Age-related differences and change in positive and negative affect over 23 years. ... 25. Retirement Information ... reach age 62, it may be to your advantage to start your retirement benefits ... Are a non-citizen and your status changes ... 26. Biology can solve the Social Security debate. - By William Saletan ... ... personal retirement accounts, whatever ... It's the retirement age. ... change didn't begin taking effect until 2003 and is being phased in so gradually ... 27. Retirement age change brought forward in pension shake-up The state pension is to rise in line with earnings rather than prices under a major shake-up of the pensions system announced by the Government today. 28. state retirement age No description defined ... change for women as shown below, so that by 2020 the state retirement age will ... State Retirement Age. Before 6 April 1950. 60. 6 ... 29. NHS PD changes - Dec Tree-Age Retire v1-1 Age retirement. Changes to the NHS Pension Scheme effective from 1 April 2008 mean that there ... arrangement and normal retirement age before continuing. See ... 30. Retirement, dismissal and redundancy | Age Concern England This page will tell you all about the new retirement and dismissal procedures. ... occupational pension schemes to continue to operate without significant changes. ... 31. Retirement2 2. Change of job. 3. Semi retirement with part-time work. 4. ... Health decline is related to age or previous health problems, NOT retirement (Bosse, 1991) ... 32. Would Raising the Social Security Retirement Age Harm Low-Income Groups? ... has spurred discussions about increasing the age at which workers can first receive retirement benefits. This brief ... the retirement age change with an ... 33. Top Legislature: No Plan to Change Retirement Age ... have raised bills to change the different retirement ages for men and women, ... The difference in retirement age sometimes stops women from enjoying equal ... 34. Railroad Retirement Age Reductions 2. How are the changes in the maximum age reduction being phased in? ... 5. How are railroad retirement spouse benefits affected by this change? ... 35. Retirement age declines again in 1990s Change in median age at exit from the labor force and expected number of years ... future changes in workers' retirement age. To do that suc ... 36. My Retirement Date - Active Members - Defined Benefit Schemes ... ... your pension age and Normal Retirement Date that you should be thinking about when it comes to retirement planning. ... These changes would happen at your ... 37. Scrap retirement age, says UK public Scrap retirement age, says UK public: Management and Business News ... Retirement changes are on the way. Work till you drop. Worries grow as retirement debt rises ... 38. RP determined to continue 'democratic struggle' Pensioners protest ... RP determined to continue 'democratic struggle' Pensioners protest possible changes in retirement age Istanbul celebrates anniversary of liberation Ninth honorary ...
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