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*This is the Revised 2024 Book Edition published in January 2024* The Retirement Planning Guidebook helps you navigate through the important decisions to prepare for your best retirement. You will have the detailed knowledge and understanding to make smart retirement decisions:

- Understand your personal retirement income style, which can then help you navigate through the conflicting opinions about retirement strategies to choose your right path.

- Learn about investment and insurance tools that may best resonate with your personal style.

- Determine if you are financially prepared for retirement by quantifying your financial goals (annual spending, legacy, and reserves for the unexpected) and comparing them to your available assets.

- Make smart decisions for when to start Social Security benefits, which could potentially support an additional $100,000 or more of lifetime income from Social Security.

- Develop a plan for making the best initial and ongoing choices from the alphabet soup of Medicare options, as well as how to find health coverage if you retire before Medicare eligibility.

- Assess where you wish to live in retirement and whether there are helpful ways to incorporate housing wealth into your retirement strategy.

- Decide how to manage your long-term care risk between self-funding, Medicaid, or private insurance, and take steps to support living at home for as long as possible.

- Understand how to manage your taxes to pay less, to avoid common pitfalls, and to have more for your lifetime and your legacy. You will be able to apply tax diversification, asset location, tax bracket management, and Roth conversions to enhance the sustainability of your retirement assets.

- Get your finances organized and understand how to get your estate and incapacity planning documents in order, including your will, account titling, beneficiary designations, financial power of attorney, and advance health care directives.

- Identify whether there is a role for trusts in your estate plan for reasons related to avoiding probate, controlling how and when assets are disbursed, obtaining creditor protections, or helping to manage estate taxes.

- Prepare for the non-financial aspects of retirement, including the need to find purpose and passion, to understand if there is a role for work in retirement, to enhance relationships and social connections, and to maintain an active and healthy lifestyle.

Retirement has an entire vocabulary associated with it. We'll demystify the 4% rule, sequence-of-return risk, time segmentation and buckets, reverse mortgages, income annuities, variable annuities, fixed index annuities, long-term care insurance, living trusts, irrevocable trusts, budgeting, the funded ratio, Medicare Advantage, Medicare supplements, diversified investment portfolios, Roth conversions, the hazards of the Social Security tax torpedo and increased Medicare premiums, buffer assets, 401(k) plans and IRAs, the rollover decision, distribution options for defined-benefit company pensions, required minimum distributions, qualified charitable distributions, aging in place, cognitive decline, and so much more.

The Retirement Planning Guidebook does not let important matters fall through the cracks. This is a comprehensive look at the key retirement decisions to achieve financial and non-financial success. You will have the foundation to make the most of your retirement years, and I hope you'll be able to do something great!

Publisher ‏ : ‎ Retirement Researcher Media (March 15, 2023)
Language ‏ : ‎ English
Paperback ‏ : ‎ 508 pages
ISBN-10 ‏ : ‎ 1945640154
ISBN-13 ‏ : ‎ 978-1945640155
Item Weight ‏ : ‎ 1.49 pounds
Dimensions ‏ : ‎ 6 x 1.15 x 9 inches
Reviewer: AmazonShopper
Rating: 5.0 out of 5 stars
Title: Deep, complete retirement prep but not easy read. Big recommend!
Review: This book has become the center for my retirement planning and prep. I can't find the words to speak highly enough of it. I am excited about how much I've learned and to put that learning into action.My wife and I have a nest egg saved big enough we will retire comfortably. We're 55 and want to retire by 60. Since my dad was a stock broker in the 80s and 90s, we comfortable doing our own investing largely with etfs. This book opened my eyes to tons more tools to add to our investing knowledge.The book starts by describing retirement, financial goals and risks very well. Goals are lifestyle, longevity, legacy and liquidity. Risks are more numerous but also well explained. It guides you through how to align future expenses and income sources - then comparing them different ways to gauge readiness. This includes budgeting explained well enough that it isn't daunting. It also has a chapter defining 4 different styles of people and how they view risks. Instead of giving one size fits all advice, it lays out solutions to fit those different styles or preferences. It highlights how some different tools can be used in all styles but just to different degrees.My bias was toward investing. I learned in this book about new tools I will probably blend into my stragety -- bond ladders, annuities, and life insurance. I have always been biased against annuities, but this book gives really strong arguments how an annuity will probably fit for a small portion of my retirement -- with benefits so huge it vastly outweighs the costs that most people shy away from.I happened to take a 3 day class on retirement planning -- a real class, not sales for an advisor. It touched on most of the things I've read in this book but to a much simpler degree. Not nearly enough to be actionable. So again, this book is the core of my planning. I highly recommend this book and have bought one of Pfau's other books to dive deeper into one topic. Not that this book isn't adequate, because it is. I just enjoy going deeper.This book is not entirely easy to read. Pfau writes well, it's just a very thorough book on some topics that are not simple. Just put the book down, digest, and reread a little if you need. He does an outstanding job with this book.

Reviewer: BlondZombie
Rating: 5.0 out of 5 stars
Title: Worthwhile investment
Review: I have read a lot of financial planning and retirement planning books. I believe I have an intermediate understanding of most concepts. This is an excellent book with very up to date information about every aspect of retirement planning. I also appreciate that it does not come off as an advertisement for planning tools, products, etc. It is not a quick read but nor should your retirement planning be a quick process. I don’t typically purchase these types of books (I try to borrow from the library whenever I can) as I find many are outdated as soon as they are printed, or are advertisements for an author’s products, websites, etc. I am very happy with the purchase of this book and will be referring to it often throughout the coming years as I approach retirement.

Reviewer: Arteagles
Rating: 4.0 out of 5 stars
Title: Complete! A bit hard to read
Review: By far, this is the most comprehensive retirement book I have read. I like the approach Dr. Pfau takes in terms of matching assets with liabilities and suggesting various tools based on the retiree's personality characteristics. In particular, I had never thought of annuities as an option for retirement, and now believe they would be a very good tool for our part of our planning. Several other times in this book I found myself surprised by options which I did not realize existed even though I had read many retirement books.On the minus side, it is a a bit of a complicated and therefore slow read. Some of the concepts like discount rates and planning age were not explained in any detail, and required separate reading for me to understand. It took me around 2 months to read this book a little a time. That said, I believe it is a great book and am glad I purchased it. I feel I need to ramp up a bit on the terminology to get the most out of this book.I plan to re-read it again in a couple months and will probably get even more out of it the second time.

Reviewer: Joey L
Rating: 5.0 out of 5 stars
Title: A very detailed and very helpful guide to retirement.
Review: First and foremost, this is a very comprehensive guide to retirement. It is mostly about the monetary issues, but that touches on Medicare insurance, housing and many related issues. I had to retire a year ago and I sure wish I had this book then. He answers most of the difficult questions I had early on.The writing style is precise, but written as what I would describe as a college level textbook.What impresses me is he has thought about almost everything and written it down. But it also includes a lot that i am not interested in. But that is the point of an encyclopedic guidebook. Not everyone needs to know every option out there. I found the Medicare section and social security sections especially helpful and he has a link to a calculator to guide you on when to start, if you haven't yet.I highly recommend this book if you are retiring soon. Or even if you are already retired, as I am.

Reviewer: Chris Jones
Rating: 5.0 out of 5 stars
Title: This book is comprehensive and important!
Review: I felt that I had really mastered the knowledge necessary to accumulate assets. However, it turns out the knowledge to spend them down is very, very different, and I had not been exposed to it at all.This book is incredibly comprehensive, and contains so many ideas and concepts that I had never encountered during the accumulation phase. I highly recommend it.One warning: the initial chapters on retirement style and risks are a bit dry. The remaining chapters are full of interesting new ideas. Don't be put off by those early chapters, or feel free to skip them and then return later.To give one example of how useful this book is: Do you know how the '4%' rule was created? What its meaning, strengths, and weaknesses are? I didn't. I had just taken it as 'received wisdom'. But it turns out when you investigate how it was created, and consider alternatives, you learn a tremendous amount about the tradeoffs, risks, and opportunities of retirement. Its really empowering.This book has so many useful ideas, and its reassuring to get a better sense of the issues associated with drawing down wealth, so you can do it confidently and competently.

Reviewer: Julian
Rating: 5.0 out of 5 stars
Title:
Review: This book consider all aspects of retirement, for someone living in the US. It is an incredible book, because he discuss all the different strategies/views for retirement.