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The Complete Cardinal Guide to Planning for and Living in Retirement
Hans "John" Scheil
Tupelo Press, 2016
The financial complexities we face in retirement can be daunting. The landscape of Social Security, Medicare, insurance, benefits, investments, and planning for long-term care presents many choices, challenges, and opportunities. The Complete Cardinal Guide gives you the tools you need to understand how to make informed decisions that are right for you. The purpose of this book is to guide you through the major retirement options that retirees face. It explains simple and effective strategies you can put in place now, with the help of professionals, to make your retirement financially successful. Author and founder of Cardinal Retirement Planning Hans “John” Scheil, a Certified Financial Planner™ (CFP®) and Chartered Advisor for Senior Living (CASL®), calls upon his 40 years of experience in the business to answer the following questions in depth, and he illustrates each with real-life stories: At what age should I start receiving my Social Security check?, What’s the best way to supplement my Medicare coverage?, Can I receive long-term care and stay at home? How do I afford it? ,How should I handle my IRA and/or 401k accounts?, What’s a smart investment strategy for financing my retirement years?, How do my income taxes change after I retire?, What if I live longer than my retirement savings last?, What’s the best way to transfer my life insurance and other assets to my children and grandchildren?, How do I ensure my survivors are OK after I die?,How should I approach choosing financial and legal professionals to help me plan my retirement?
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The Complete Cardinal Guide to Planning for and Living in Retirement Workbook
Hans "John" Scheil
Tupelo Press, 2017
In 2016, Leapfolio published the Complete Cardinal Guide to Planning for and Living in Retirement. The Guide provides an overview of the major problems that retirees face and the simple strategies they can implement to make their retirement financially successful. The Guide fulfilled Cardinal’s expectations and proved to be a success, as they sold or distributed more than 6,000 copies in the past year. But they also learned that the Guide isn’t quite sufficient by itself. So they’ve created this Workbook to offer additional examples of real-life situations, products, and strategies, and guidance to help people prepare to discuss retirement planning with a professional advisor.
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The Evolution of Retirement
An American Economic History, 1880-1990
Dora L. Costa
University of Chicago Press, 1998
Winner of the 1998 Paul A. Samuelson Award given by TIAA-CREF, The Evolution of Retirement is the first comprehensive economic history of retirement in America. With life expectancies steadily increasing, the retirement rate of men over age 64 has risen drastically. Dora L. Costa looks at factors underlying this increase and shows the dramatic implications of her findings for both the general public and the U.S. government. Using statistical, and demographic concepts, Costa sheds light on such important topics as rising incomes and retirement, work and disease, the job prospects of older workers, living arrangements of the elderly, the development of a retirement lifestyle, and pensions and politics.

"[Costa's] major contribution is to show that, even without Social Security and Medicare, retirement would have expanded dramatically."—Robert J. Samuelson, New Republic

"An important book on a topic which has become popular with historians and is of major significance to politicians and economists."—Margaret Walsh, Business History
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Forever Broke
How Baby Boomers are Bankrupting the Millennial Generation
Andrew Stiles
Templeton Press, 2018
Rising journalist and fellow millennial Andrew Stiles is all too familiar with the financial realities of his generation—inescapable student debt, insufficient jobs, and the sort of apathetic response to the inevitable Social Security drainage that will leave them empty-handed in old age. But rather than resigning or whining, Stiles employs both humor and research to illustrate what is turning out to be a “bleakenomic” future for millennials.
Some of his key findings include:
  • U.S. debt is approaching 100 percent of GDP, the highest level since World War II.
  • By 2050, debt is on track to reach an unprecedented 145 percent of GDP. Under one pessimistic (but probably more realistic) scenario, CBO estimates that debt could rise to 244 percent of GDP, which means lights out.
  • By 2050, federal spending is projected to exceed 29 percent of GDP, levels not seen since the height of World War II. We’re on track to spending more money on baby boomers in retirement than we did to defeat the Nazis.
  • Since 1984, the median net worth for households headed by some­one under the age of 35 has declined 68 percent. For retirement age households, net worth has increased 42 percent over that same period. The result is the largest generational wealth gap in history. Boomers did better than their kids in early adulthood, and will do better than their kids in retirement.
  • As millennials remain childless and single for longer, they face one of the highest tax rates (16.9 percent) for their demographic in the developed world.
The millennial reality is harsh, but Stiles does not wallow in it. Rather, he uses the data as a slap in the face to shame boomers and wake up millennials to save, vote, and work for change in a system that can’t continue.
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Issues in Pension Economics
Edited by Zvi Bodie, John B. Shoven, and David A. Wise
University of Chicago Press, 1987
In the past several decades, pension plans have become one of the most significant institutional influences on labor and financial markets in the U.S. In an effort to understand the economic effects of this growth, the National Bureau of Economic Research embarked on a major research project in 1980. Issues in Pension Economics, the third in a series of four projected volumes to result from thsi study, covers a broad range of pension issues and utilizes new and richer data sources than have been previously available.

The papers in this volume cover such issues as the interaction of pension-funding decisions and corporate finances; the role of pensions in providing adequate and secure retirement income, including the integration of pension plans with social security and significant drops in the U.S. saving rate; and the incentive effects of pension plans on labor market behavior and the implications of plans on labor market behavior and the implications of plans for different demographic groups.

Issues in Pension Economics offers important empirical studies and makes valuable theoretical contributions to current thinking in an area that will most likely continue to be a source of controversy and debate for some time to come. The volume should prove useful to academics and policymakers, as well as to members of the business and labor communities.
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Journeys in Sociology
From First Encounters to Fulfilling Retirements
Rosalyn Benjamin Darling and Peter J. Stein
Temple University Press, 2017

For most sociologists, their life’s work does not end with retirement. Many professors and practitioners continue to teach, publish, or explore related activities after leaving academia. They also connect with others in the field to lessen the isolation they sometimes feel outside the ivory tower or an applied work setting. 

The editors and twenty contributors to the essential anthology Journeys in Sociology use a life-course perspective to address the role of sociology in their lives. The power of their personal experiences—during the Great Depression, World War II, or the student protests and social movements in the 1960s and ‘70s—magnify how and why social change prompted these men and women to study sociology. Moreover, all of the contributors include a discussion of their activities in retirement.   

From Bob Perrucci, Tuck Green, and Wendell Bell, who write about issues of class, to Debra Kaufman and Elinore Lurie, who explain how gender played a role in their careers, the diverse entries in Journeys in Sociology provide a fascinating look at both the influence of their lives on the discipline and the discipline on these sociologists’ lives. 

Contributors include: David J. Armor, Wendell Bell, Glen H. Elder, Jr., Henry W. Fischer, Janet Zollinger Giele, Charles S. (Tuck) Green, Peter Mandel Hall, Elizabeth Higginbotham, Debra Renee Kaufman, Corinne Kirchner, Elinore E. Lurie, Gary T. Marx, Robert Perrucci, Fred Pincus, Thomas Scheff, Arthur Shostak, David Simon, Natalie J. Sokoloff, Edward Tiryakian, Joyce E. Williams, and the editors.

Published in collaboration with the American Sociological Association Opportunities in Retirement Network.

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Life beyond Medicine
The Joys and Challenges of Physician Retirement
Sharon Romm
Dartmouth College Press, 2018
Physicians retire at all ages—older doctors forsake medical practice when tired of it or when forced to do so by age or illness; younger practitioners leave because of burnout, disillusionment with the medical system, or a desire to engage in new activities. But research and literature about physician retirement is scanty. Given the limited resources available, many physicians who want to retire from medicine remain mired in indecision, wondering how their life might be different if they left medicine. Sharon Romm has written the definitive guide to help health care professionals of all ages prepare for the joys and challenges ahead.
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Maturing with Moxie
A Woman’s Guide to Life after 60
Jan Cannon
University Press of New England, 2018
Whether widowed, divorced, married, or single, more and more women of retirement age are taking control of their lives. Maturing with Moxie takes a close look at personal and professional circumstances affecting women over sixty by surveying the best and latest thinking on issues from housing to health care, finances to family, and combines them all in one practical, go-to volume. The veteran consultant Jan Cannon takes a comprehensive approach to a range of decisions facing women as they age, and offers sensible, helpful advice on everyday questions about employment, Medicare, changing family dynamics, and dating. Drawing on her extensive client case files, Cannon poses provocative questions, designs useful exercises, and offers clear, upbeat examples of women moving forward with purpose. Maturing with Moxie gives women a wealth of resources for finding the answers they need.
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Overcoming the Saving Slump
How to Increase the Effectiveness of Financial Education and Saving Programs
Edited by Annamaria Lusardi
University of Chicago Press, 2009
The great majority of working Americans are unprepared to face the difficult task of planning for retirement. In fact, the personal savings rate has been holding steady at zero for several years, down from 8 percent in the mid-1980s. Overcoming the Saving Slump explores the many challenges facing workers in the transition from a traditional defined benefit pension system to one that requires more individual responsibility, analyzing the considerable impediments to saving and evaluating financial literacy programs devised by employers and the government.
 
Mapping the changing landscape of pensions and the rise of defined contribution plans, Annamaria Lusardi and others investigate new methods for stimulating saving and promoting financial education drawing on the experience of the United States as well as countries that have privatized their welfare systems, including Sweden and Chile.  This timely volume pinpoints where human resources departments, the financial industry, and government officials have succeeded—or failed—in bridging the way to a new retirement system. As the workforce ages and more pensions disappear each second, Lusardi’s findings will be invaluable for economists and anyone facing retirement.
 
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Pensions in the American Economy
Laurence J. Kotlikoff and Daniel E. Smith
University of Chicago Press, 1984
For anyone with an interest in pensions—workers and employers, personnel directors, accountants, actuaries, lawyers, insurance agents, financial analysts, government officials, and social scientists—this book is required reading. Now, without the aid of a pension specialist, anyone can determine how their particular pension plan stacks up against the average. Using virtually all available government sources (including computerized data unavailable in print) and their own extensive surveys, the authors present a comprehensive description of the structural features and financial conditions of U.S. private, state, city, and municipal pension plans. The introductions to the hundreds of tables explain and  highlight the information.

The picture that emerges of the "typical" plan and its significant variations is crucial to all those with a financial stake in pensions. The reader can compare pension vesting, retirement, and benefit provisions by plan type, plan size, industry, union status, and many more characteristics. With this information, workers can evaluate just how generous their employer is; job applicants can compare fringe benefits of prospective employers; personnel directors can judge their competitive edge.

The financial community will find especially interesting the analysis of the unfunded liabilities of private, state, and local pension funds. The investment decisions of private and public pension funds and their return performances are described as well.

Government officials and social scientists will find the analysis of pension coverage, the receipt of pension income by the elderly, cost-of-living adjustments, and disability insurance of special importance in evaluating the proper degree of public intervention in the area of old age income support.

Pensions in the American Economy is comprehensive and easy to use. Every reader, from small-business owners and civil servants to pension fund specialists, will find in it essential information about this increasingly important part of labor compensation and retirement finances.
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Pensions in the Health and Retirement Study
Alan L. Gustman, Thomas L. Steinmeier, and Nahid Tabatabai
Harvard University Press, 2010

This book presents a careful analysis of pension data collected by the Health and Retirement Study, a unique survey of people over the age of fifty conducted by the University of Michigan for the National Institute on Aging. The authors studied pensions as they evolve over individuals’ work lives and into retirement: how pension coverage and plans change over a lifetime, how many pensions workers have by the time they retire and what these pensions are worth, what pensions contribute to individual retirement incomes, and how trends and policy changes affect retirement plans.

The book focuses on the major features of pensions, including plan type and participation, ages of eligibility for retirement, values of different pension types, how pension values are influenced by retirement age, how plans are settled when a worker leaves a firm, how well people understand their pensions, the importance of pensions in retirement saving and as a share of household wealth, and the vulnerability of the retirement age population to the current financial crisis.

This book provides readers with an invaluable look at the crucial but ever-changing role of pensions in supporting retirees.

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Pensions in the U.S. Economy
Edited by Zvi Bodie, John B. Shoven, and David A. Wise
University of Chicago Press, 1988
Pensions in the U.S. Economy is the fourth in a series on pensions from the National Bureau of Economic Research. For both economists and policymakers, this volume makes a valuable contribution to current research on pensions and the economics of the elderly. The contributors report on retirement saving of individuals and the saving that results from corporate funding of pension plans, and they examine particular aspects of the plans themselves from the employee's point of view.

Steven F. Venti and David A. Wise offer a careful analysis of who contributes to IRAs and why. Benjamin M. Friedman and Mark Warshawsky look at the reasons more retirement saving is not used to purchase annuities. Personal saving through pension contribution is discussed by B. Douglas Bernheim and John B. Shoven in the context of recent government and corporate pension funding changes. Michael J. Boskin and John B. Shoven analyze indicators of the economic well-being of the elderly, addressing the problem of why a large fraction of the elderly remain poor despite a general improvement in the economic status of the group as a whole. The relative merits of defined contribution versus defined benefit plans, with emphasis on the risk aspects of the two types of plans for the individual, are examined by Zvi Bodie, Alan J. Marcus, and Robert C. Merton. In the final paper, pension plans and worker turnover are the focus of the discussion by Edward P. Lazear and Robert L. Moore, who propose pension option value rather than the commonly used accrued pension wealth as a measure of pension value.
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Pensions, Labor, and Individual Choice
David A. Wise
University of Chicago Press, 1985
In recent years a decline in the labor force participation of older workers has combined with rapid current and projected increases in the number of older Americans, producing major policy debates over looming "crises" in social security and, to a lesser extent, in the private pension system. That private system is playing an increasing role in the support of retired workers and promises to be the subject of increasing scrutiny by economists and policymakers alike.

Previous books on private pensions have largely neglected behavioral implications of the features of pension plans. The papers in this volume, developed from material presented at a recent National Bureau of Economic Research conference, address two aspects of the relation between varieties of labor coverage and participation in the labor force. First, age at retirement may be correlated with kind of pension coverage. The papers, in fact, provide strong evidence that individual decisions about when to retire are directly influenced by pension options. Second, pension plans usually impose a high cost on workers who change jobs, which suggests that pension coverage reduces instances of job change. Pensions, Labor, and Individual Choice quantifies these correlations and proposes a conceptual framework within which to view them.
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The Sun Still Shone
Professors Talk about Retirement
Lorraine T. Dorfman
University of Iowa Press, 1997


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