Retirement Countdown: Take Action Now to Get the Life You Want (Financial Times Prentice Hall Books)

396 Pages·2004·5.1 MB·English

by  David Shapiro

c h a p t e r
R C
ETIREMENT OUNTDOWN
T A N
AKE CTION OW
G L Y W
TO ET THE IFE OU ANT
DAVID SHAPIRO
An Imprint of PEARSON EDUCATION
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Library of Congress Cataloging-in-Publication Data
Shapiro, David
Retirement countdown: take action now to get the life you want / David Shapiro
p. cm. -- (Financial Times Prentice Hall books)
Includes index.
ISBN 0-13-109671-0
1. Retirement income--Planning. 2. Retirement--Planning. 3. Investments. I. Title. II.
Series.
HG179.S452 2004
332.024'014--dc22
2004047219
Editorial/production supervision: Techne Group
Cover design director: Jerry Votta
Manufacturing buyer:Alexis Heydt-Long
Executive editor: Jim Boyd
Editorial assistant: Linda Ramagnano
Marketing manager: Marten Litkowsky
Full-service production manager: Anne R. Garcia
© 2004 David Shapiro
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c h a p t e r
Contents
Foreword xvii
Introduction xix
How to Use This Book xxvii
PART I
UNDERSTANDING THE PROBLEM AND THE SOLUTION
CHAPTER 1
Tick Tock Goes the Retirement Clock 3
The Retirement Countdown Plan 4
Facing the Facts 7
Let’s Physically Climb the Mountain 7
A Lesson from a Great Corporate Leader 9
Procrastination 10
What If I Don’t Reach My Goal? Facing Compromise 16
Meet the Glovers 17
You’re Not Alone 18
Summary 18
Power Checklist 19
CHAPTER 2
Saving for Retirement 21
The Current State of Retirement Savings—We’re Just Not
Saving Enough! 25
Relative Versus Absolute Comparison 26
ix