Retirementology: Rethinking the American Dream in a New Economy
- ISBN13: 9780137056538
- Condition: New
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Product Description “An excellent introduction to the necessary financial planning no American over 40 can afford to disregard.” Publishers Weekly “It is time for many individual investors to make some difficult choices. Baby Boomers learn to deal with the fact that they really can not get everything – at least not right away. Retirementology is a good guide to help them think through their plans for housing, saving and spending. “Marion Åsnes, Editor, Economic Planning magazine Retirementology of behavioral finance for retirement planning and find that we all can do a lot better when it comes to making decisions about retirement. But do not despair: not only Dr. Salsbury sharply describe our self-destructive financial behavior, he offers much more – namely how we can improve financial decision. The book is a real contribution to both behavioral finance and retirement planning. “>
Retirementology: Rethinking the American Dream in a New Economy
Monday, 2. August 2010 3:15
The authors are informative and entertaining. The actual examples he has scattered thoughout the book is very helpful to make some excellent points. (Wait until you read the one about betting on flipping a coin.) I think the one thing I expected was some concrete answers to – in reality – no one can give. But then I realized that I’m more of a “just tell me what to do and tell me what I may term” person versus an “attempt to resolve it on their own and it’s all a crap shoot” person. (Must be a technical writer in me.) Someone in their 20s or 30s probably will not enjoy this book. But if you’re in your 40s and 50s and have really been afraid to think of the Abu ‘R’ word, this is a good book to start with! Rating: 5 / 5
Monday, 2. August 2010 5:24
Several years ago, as a financial professional, I had the opportunity to see a video based on Salsbury first book, but what if I live? It was a gloomy, dismal show by statistics that showed that we were going to a precipice of problems, that people did not have enough money to retire, was confused about what they needed and what they would have and had the attitude that “something” would happen that would make it all possible. It seemed each prospective pensioners could be a lottery winner, without a back up plan in case it did not happen. As I watched your video, I read the book. It was better. It did not paint a scene Rosier, it did make their points, one by one, and built an inarguable case that it was a disaster in the making. It was several years ago, when the average portfolio yield goes back ten years was still positiva.Nu, in the new economy (newer, anyway), comes back with Retirementology Salsbury, a behavioral science approach to problems after corrections for the problems (if they are over, not necessarily a good assumption) and before the worst problems come home to rest. I think my favorite story that he relates is one of his first, that a man who had three years left until he could get Social Security could not afford to wait. So he robbed a bank, enough cash back to a guard and waited to be arrested. Sentenced to three years in prison, he got the time to collect Social Security. The crux of it was that the prosecutor pointed out that “It is not the financial plan I would have chosen, but it was at least one plane.” Great story. . . and it sets up the book fint.Retirementology is still heavy on statistics. The author does not efficient at doing their homework to back up their points and he does so that things are worse now than ever. He points to the effect that comes from eating gold dust on the sushi is not that its cool, but it costs and wasteful. Where will it cost? Well, in 1992 it was $ 83,500 but it was not the point. This type of waste Meander debt. . . surplus, without compounding debt repayment plan, only to pay as we go. We will pass this debt on successive generations, and hope that someone will ever actually either pay it off or leave det.Boken is worth reading. Entertaining on the sober, the book points out that everyone needs a financial plan, regardless of their net worth. It shows that budgeting, saving, skip the gold dust on the sushi is not necessarily a program for success but no longer a formula for certain katastrof.Jag recommend this book wholeheartedly and believe the video that may be made from it should be required viewing in all school curriculum. Rating: 5 / 5
Monday, 2. August 2010 5:28
Retirementology discuss the behaviors that negatively affect people’s financial preparedness for retirement pensions and the attitudes, biasis and misconceptions that lead to these behaviors. As someone who is about to retire, I wish I had understood much of this many years ago. I recognized myself in most of diskussionerna.Detta is not investment advice without the attitude and behavior råd.De attitudes and behaviors are often illustrated with examples from other well-known. An error behavior and its consequences are bad in certain non-financial situation, then reappears in an economic context. This will help you, the reader, get past some of the dry talk money – keep your eyes from glazing over! It is also the point over in a way that frees you from all the prejudices about the economy you can (and probably do) har.Som a recent book, do not ignore this is not the latest economic and political environment that will make your retirement planning even more important and , yes, harder, again, is the author does not give specific investment advice, but make it more important task of making it clear that there are issues to be addressed and that no obvious belief that you are likely to do so in an inefficient manner, or , most likely, ignoring it helt.Det are literally hundreds of end notes to back up the statistics and studies, the author refers. You can ignore these unless you are skeptical about some claims. They are the final chapter-notes and no footnotes so that they do not distract from a simple läsas.Allt in all this is a valuable book that is likely to be overlooked by those who need it most. If you are young and reading this review, take it as a big clue. If you are older do your part and buy for a younger släkting.Betyg: 4 / 5
Monday, 2. August 2010 8:09
With only two years left before I expect to retire, I am very interested in anything I do not know yet about the subject, and this book not only added a lot to my knowledge of the subject, but did so in a very enjoyable light-hearted way, though it fully recognizes the difficulty preparing for retirement may now be our national economy in circles avloppet.För those who are lucky enough to be young, the book also clearly explains how much easier it is to start preparing for retirement early, making together with the emotional reasons, few of us so, and the consequences of förseningen.Vad I personally found most useful in the book was its humorous but useful descriptions of mental errors people make in financial planning and investment. There is also a chapter each on the important issues in the home, health, taxes, and family, and how each affects the pension. I particularly appreciated the author’s reminder of how much tax will increase January 1 2011.Delar of the book alongside Dave Ramsey’s advice to limit costs by paying cash and avoiding credit, but this book takes it a step further by explaining the psychology of why such advice help speed preparation for pensioneringen.Till Unlike many other books I’ve read lately about our current economic situation, this book is not overly biased. It relies on special laws, the date and amount, but not particular parties or politicians. Instead, notes the trends spanning decades and that will be difficult to correct no matter who is elected. Rating: 5 / 5
Monday, 2. August 2010 8:13
I expected more from the title Retiremenology. It makes it sound like a science, and I am looking for some new paradigm and radical ideas for dealing with retirement planning in this unfortunate economic klimatet.Vad I got instead was a much watered-down “review of the American Dream”, which aimed smack-DAB on Boomers and their grandiose claims of what retirement is supposed to be. Advice ranges from “Stop keeping up with Jones, they are also broke,” to “Maybe a new granite and lap pools are not such a good idea after all.” Because Boomers are currently in retirement, or very near it, this is bit late for a “radical rethinking.” Some things can make it, can apply some patches and some restructuring can be done. Each chapter is quite disturbing and depressing, albeit dressed in a non-funny cutesy language, as “Club Sandwich Generation”, and annoying domestic sniglets in each chapter. Ha, ha.Så with each chapter in typical boomer retirement concerns living American dream – with the big house, cars, health, annuities, retirement age and legacy Golden legacy of their Silent Generation parents – a sobering assessment of bad news delivered. Statistics are trundled out with some graphs. Since no proposals to “think about” what you thought you wanted and needed presenteras.Det interesting for me, as a member of Gen X, that is my age group do not have these graniose ideas of what the latter years of our lives will be . We never think of keeping up with the Jones because that is all we can do to keep the electric from being shut down every few months. Many of us have no health insurance at all and are afraid. We would not dream of golfing in Palm Springs or walks along the golden beaches in our dodderage – we realize that we will have to work until we fall down and trucked out to a few urine-soaked government “care” facility while we wait to die . For us, things are bad, have always been bad, and probably will get worse. We accept even that. But we want to see if there is anything that can be done to improve our lott.Den demographic that can best use this type of book is Generation X – who is mentioned only once in passing. Gex X actually still have time left to work on an actual retirement plan of any kind. Generation Y has more time and may be the best yet for Retirementology focus. Of course, Gen Y is not even a single line mention Gen X prices. I wanted to throw the book across rummet.Det is easy to see the author’s Boomer bias.Jag liked the psychological concept of “layers” as a subtle way, companies can set us apart for the pain of spending. It really is so much easier to hand over a Vegas chips, cards, hotel room, cruise ship’s internal resources and even a credit card than to write a check or dig out old-fashioned cash. When the bite feels less deep, we spend lättare.Jag also like the idea (offered in one short paragraph) about working with a holistic financial advisor. Good idea – but where to find one of these? How much they charge? How do you know that they are holistic – you can find them via business cards at your local Whole Foods Store Forum? Please tell me how to find these creatures, as they may be able to help me work with the realities of this economy today and plan around a destitute morgon.I in summation, if you’re a young Boomer approaching retirement age will this book be a grave – annoying but easy-going – alarm clock for you. There are things you need to know, to care plan for older, things that you still have time to fix in your own family, and still sock away money in the right place. Sally out and make the best of things! Life will not be what you expected, but there will be any way and that is probably all we as humans can ställa.För those born after 1965 will be Retirementology vaguely insulting and rather non-use. We never expected much of the American dream in the first place, so all references Boomer, Boomer gags and Boomer psychology will be like nails on a chalk board. Rating: 3 / 5