Here is a single-sit read that can change the course of your retirement. Written by Dr. Teresa Ghilarducci, an economics professor, a retirement and savings specialist, and a trustee to two retiree health-care trusts worth over $54 billion, How to Retire with Enough Money cuts through the confusion, misinformation, and bad policy-making that keeps us spending or saving poorly.
It begins with acknowledging what a person or household actually needs to have saved—the rule of thumb is eight to ten times your annual salary before retirement—and how much to expect from Social Security. And then it delivers the basic principles that will make the money grow, including a dozen good ideas to get current expenses under control. Why to “get rid of your guy”—those for-fee (or hidden-fee) financial planners that suck up valuable assets. Why it’s always better to pay off a loan or a mortgage.
There are no gimmicks, no magical thinking—just an easy-to-follow program that works.
Teresa Ghilarducci is a professor of economics at the New School for Social Research. She has a Ph.D. in economics from the University of California at Berkeley, and is the author of When I’m 64: The Plot Against Pensions and the Plan to Save Them. An expert on retirement, pensions and personal savings, Ghilarducci has been featured in Time, U.S. News & World Report, The New York Times, The National Journal, Parade, Money, Kiplinger’s and BusinessWeek.
How to Retire with Enough Money is available in hardcover print and in ebook formats ($12.95).