Baby Boomer Survival Guide, Second Edition: Live, Prosper, and Thrive in Your Retirement Table of Contents Introduction.xv PART I -- Financial Decisions by Barbara Rockefeller Chapter 1.3 Getting Started: Taking Stock You are Not Alone.5 Baby Boomer Worries.5 Will You Outlive Your Savings?.6 How Much Do You Need?.9 The Monster under the Bed: Long-Term Care.11 Homelessness.
12 The Solution.15 Calculating the Cost of Retirement.19 Planning.20 Chapter 2.25 Retirement Age Longevity.25 What to Do With Your Extra Years.26 Retiring Early Is Dangerous to Your Health.28 Who Do You Want to Become?.
30 Working After Retirement.30 Changing Jobs Before Retirement.32 Starting Your Own Business after Retirement.35 Resources.38 Chapter 3.41 Social Security The Real Social Security Problem.44 Final Debunking.45 How it Works in Practice.
46 How Your Social Security Benefit is Calculated.47 The Best Age to Apply.50 Monthly Benefits at Retirement Age.51 Cumulative Benefits by Retirement Start Age.51 The Breakeven.51 Spousal Benefit.52 If You Are Single.53 Cost-of-Living Adjustments (COLA).
56 Social Security Optimization Strategies.58 62/70 Strategy.58 Double Dipping.58 File and Suspend.59 Start-Over Strategy.59 Working and Social Security.60 Taxing Social Security.61 Social Security Disability Benefit Claims on the Rise.
62 Other Aspects of Social Security.63 Chapter 4.67 A Place to Call Home in Your Golden Years Homeownership vs. "Real Estate".68 Cashing Out.70 Reverse Mortgages.72 How Do Reverse Mortgages Work?.72 A Family Affair.
74 Downsizing.75 Managing the Real Estate Broker.76 Renting vs. Buying.79 Boomer Mobility.81 On Retiring Abroad.87 So You''re Determined to Take The Plunge.89 Real Estate/Housing.
89 Healthcare.90 Crime and Violence.91 Chapter 5.95 Inheritance Why Do We Have Inheritance and Estate Taxes?.96 Federal Estate Tax.99 Portability.100 Here''s How It Works.100 State Inheritance Taxes.
101 The Gift Tax and Exemptions.102 Why You Should Think About Inheritance.103 Chapter 6.107 Wills and Trusts Why Do People Fail to Prepare for the Inevitable?.108 Dying Without a Will.108 The Essence of a Will.111 Writing a Will.111 Changing and Revoking Your Will.
113 Contesting a Will.115 Do You Need a Living Trust, Too?.117 What is a Revocable Living Trust?.117 Advantages of a Living Trust.119 Disadvantages of a Living Trust.120 Special Trust Cases.121 Generation-Skipping Trusts (GST).122 Credit Shelter Trust (CST).
122 Charitable Remainder Trusts.123 Private Foundations.124 Fiduciary Duty.125 Chapter 7.129 Trading and Investing: Rules for Success Rule 1: Achieve Basic Financial Literacy.131 Rule 2: It''s Not Savings Unless It''s a Savings Account.133 Rule 3: Only Greater Risk Boosts Return.134 Rule 4: Leverage Boosts Return but Increases Risk.
135 Rule 5: Seeking Risk On Purpose.137 Rule 6: Avoid Catastrophic Losses, Part 1.140 Rule 7: Avoid Catastrophic Losses, Part 2.142 Rule 8: Learn to Look at Charts.144 Rule 9: Conventional Wisdom is (Probably) Bunk.145 Rule 10: Options.146 Rule 11: Avoid Fraud and Scams.151 Avoiding Bad Investments: Advice from Credit Analysts.
154 Chapter 8.157 Financial Planning Planning vs. Advising.159 Credentials.160 Do Your Homework.162 Retirement Investment Mentors.165 Retirement Coaches.165 Components of a Retirement Plan.
166 Measuring Outgo.166 Measuring Income.169 Putting Income and Outgo Together.170 The 4 Percent Rule.171 Part II -- Considerations for Quality of Life by Nick J. Tate Chapter 9.175 The Long and Winding Road to Long-Term Care 7 Key Questions and Answers to Long-Term Care.177 No.
1: What Is Long-Term Care?.178 No. 2: Is Such Care Pricey?.178 No. 3: How Much Do Long-Term Insurance Policies Cost?.179 No. 4: Is Insurance The Only Option?.180 No.
5: Won''t Medicare Pay for Some Long-Term.