Cover image for You don't have to drive an Uber in retirement : how to maintain your lifestyle without getting a job or cutting corners / Marc Lichtenfeld.
Title:
You don't have to drive an Uber in retirement : how to maintain your lifestyle without getting a job or cutting corners / Marc Lichtenfeld.
ISBN:
9781119347149
Publication Information:
Hoboken, New Jersey : John Wiley & Sons, Inc., [2018]
Physical Description:
xxviii, 180 pages : illustrations ; 24 cm
General Note:
Includes index.
Contents:
Part I. Generating income -- Give yourself a raise -- Using options for income -- Be the bank -- Become the IRS: have people pay taxes to you -- Get paid more from Social Security -- You don't have to drive for Uber -- but you may want to -- The 401k you've never heard of -- Part II. Cutting costs -- Lower your Medicare costs -- Medical tourism -- Pay less for your medicine -- Pay less in taxes -- Lower your investment costs -- How to buy a car for 25% off -- How to travel for less -- Part III. Small ideas that add up -- Part IV. Ideas I don't like -- The worst investment you can make -- Love your life insurance -- Reverse mortgages,
Abstract:
You Don't Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirementbut the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questionsit gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years youll need it most.
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Summary

Summary

It's never too late to start planning for retirement

You Don't Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirement--but the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questions--it gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you'll need it most.

Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you'll need, and show you how to bridge the gap.

Maximize your savings while minimizing the lifestyle impact Unique ways for generating a meaningful amount of income, that don't require you to get a job Learn just how much you'll need for a comfortable retirement Adopt new everyday strategies that will help you bolster your funds

Add new income streams, optimize your portfolio, and learn to spend less without living less--these are the key factors in making your golden years truly golden. You Don't Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforce--in comfort.


Author Notes

MARC LICHTENFELD is the Oxford Club's Chief Income Strategist and Founder and Senior Editor of The Oxford Income Letter . He has appeared on CNBC, Fox Business and Bloomberg Radio. His work has been featured on WSJ.com, Forbes and U.S. News and World Report and others. A former Wall Street analyst and business journalist, he is regularly seen as a featured speaker at investment conferences all over the world. His previous bestselling book Get Rich with Dividends is in its second edition and has been published in multiple languages. Get Rich with Dividends was named 2016 Book of the Year by the Institute for Financial Literacy.


Table of Contents

Forewordp. xi
Introductionp. xv
Part I Generating Incomep. 1
Chapter 1 Give Yourself a Raisep. 3
Chapter 2 Using Options for Incomep. 13
Chapter 3 Be the Bankp. 23
Chapter 4 Become the IRS: Have People Pay Taxes to Youp. 37
Chapter 5 Get Paid More from Social Securityp. 43
Chapter 6 You Don't Have to Drive for Uber - But You May Want Top. 53
Chapter 7 The 401k You've Never Heard Ofp. 61
Part II Cutting Costsp. 67
Chapter 8 Lower Your Medicare Costsp. 69
Chapter 9 Medical Tourismp. 75
Chapter 10 Pay Less for Your Medicinep. 81
Chapter 11 Pay Less in Taxesp. 87
Chapter 12 Lower Your Investment Costsp. 95
Chapter 13 How to Buy a Car for 25% Offp. 103
Chapter 14 How to Travel for Lessp. 109
Part III Small Ideas That Add Upp. 117
Chapter 15 Small Ideas That Add Upp. 119
Part IV Ideas I Don't Likep. 141
Chapter 16 The Worst Investment You Can Makep. 143
Chapter 17 Lose Your Life Insurancep. 153
Chapter 18 Reverse Mortgagesp. 163
Conclusionp. 167
About the Authorp. 169
Acknowledgmentsp. 171
Indexp. 173