Originally published at: https://blog.12min.com/how-to-retire-happy-summary/
The 12 Most Important Decisions You Must Make Before You Retire
Retirement plan still draws a lot of attention among the people. Despite various benefits, it has one primary objective: to help you remain active by maintaining close relationships with other people.
However, as you already know, retirement doesn’t come free of cost.
Who Should Read "How to Retire Happy"?And Why?You can forget about your financial plans which are meant to cover some of your expenses in the future.
The emphasis is placed on the retirement process and everything associated with it. We prescribe this “retirement manual” to the entire American population; a book enriched with clear tips capable of guiding the Americans.
About Stan HindenStan Hinden is a prominent writer who worked at the "Retirement Journal," in which he focused on dilemmas related to the issues and challenges of retirement. The American University School of Communications has granted him honors for his endless financial reports from which small and big businesses have benefited.
A new perspective was born related to retirement and the possibilities linked to it.
Before retiring, he spent more than two decades at the Washington Post, including several years as a ﬁnancial consultant and columnist.
"How to Retire Happy Summary"Not just America, but the entire world has suffered changes when it comes to the process of retirement. The retirement plan is transforming on a yearly basis because people are living much longer than in the past.
The system must be adapted to the newly presented living situation. Sometimes people start a second career as a result of the low pension income they receive. Driven by fear or a desire - it doesn’t matter. These life-dilemmas are occurring more often to each person once that individual reaches the stage for retirement.
Retirement is aided by tax-deferred savings procedures and other pension funds. Banks now struggle to compete against these insurance funds, due to the interest rates these companies have to offer.
Despite the financial point of view, the people are more concerned with the personal aspect of retirement – and how to get the best out of it. The easiest way to begin doing that – start planning.
Ask yourself questions about your future goals to decide on the best retirement approach for you. The author doesn’t concentrate only on those 60-year-olds but to everyone. Start the process by asking yourself – Am I ready to retire?
Consider all the pros and cons, like your current age, financial possibilities, momentary health, family situation, the complexity of your job, etc. A smart person will analyze the situation before making any conclusions.
Take into consideration various factors affecting the process of a successful retirement and become fully informed. Once you have all the tricks up your sleeves, you are ready to decide your future.
Stan Hinden contributes to the society by providing valuable pieces of information (or specifies where to look for them) to one of the biggest financial dilemmas of the 21st century.
People in the U.S are facing difficulties related to their productiveness at work. Somehow the imperialism today enforce strict laws on the American society leading to the ultimate questions? When are you going to retire? Does your family support you? Are you going to be comfortable with the benefits that Social Security and pensions provide? Do you trust your company’s savings plans?
Have you invested a sufficient capital for such occasions? Perhaps, the most awkward question of all – How would you manage to cover the expenses for medical treatment (if you ever need to)? Hinden’s generally straightforward and transparent writing style addresses the public concisely.
Even the most skeptical portion of the American society will find this magnificent book amusing and educational. Author’s valuable tips and hints are meant to take you up to a whole new level of understanding retirement. Even though we think that the country we live in, is obligated to deal with this matter, it’s not always so.
You are the manager of your pension fund; take care of your future by investing in education. Every individual in this world is responsible for its life-savings including pension. To afford the best possible retirement period start planning now.
Many tax-deferred and pension fund savings programs facilitate retirement; it’s up to you to choose the best one for yourself. First analyze the reasons which drive you to adopt such an action, including to decide what will you do after you enter the period of rest.
Key Lessons from “How to Retire Happy”1. Is now a good time to retire? 2. Should I continue investing after my retirement? 3. How to withdraw my money?
Is now a good time to retire?Your next decision is critical. Don’t rush into conclusion and carefully approach the seriousness of the retirement process. The only questions worthy of your time and effort are – Have I raised enough funds to make this retirement possible or should I continue to invest? What would be my monthly income?
Answer these two questions, and you’ll become aware of your present financial situation.
Should I continue investing after my Retirement?Evaluate your total retirement savings to find financial gaps. Once you discover their existence, you can adopt a new money-saving policy by investing somewhere else.
The new system must represent your interests; don’t run away from risks, depending on your financial knowledge consult yourself with someone more experienced on the topic.
How to withdraw my money?There are two main types which reflect unique personalities. One of them is known as payment from the employer, indicating a system in which you take the sum that you require.
The other one, relatively familiar to each American is monthly payment (according to different saving plans). There is no rule to follow, think about your needs and make your decision.
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“How to Retire Happy” Quotes[bctt tweet="If your arithmetic shows that you can keep your lifestyle and also have some fun, then you can afford to retire." username="get12min"]
[bctt tweet=“At the very least, make sure that your income and your expenses allow you to have the kind of lifestyle to which you have become accustomed.” username=“get12min”]
[bctt tweet=“According to Social Security actuaries this hypothetical person would receive the most total dollars by retiring at age 65.” username=“get12min”]
[bctt tweet=“The line between work and retirement is becoming more blurred all the time. The fact is that many people who retire go back to work - some even full time.” username=“get12min”]
[bctt tweet=“Whatever you decide to do in retirement, your plan should have one main objective: to keep yourself mentally and physically active and in close contact with other people.” username=“get12min”]