Younger retirees, who had retired in the last decade, were the most satisfied with finances. Males were more satisfied than females and higher income retirees more satisfied than their lower income counterparts. The study has underscored the importance of retirement planning and implementing processes in predicting financial satisfaction during retirement. Financial advisors, and educators in the field may want to emphasize the importance of obtaining specialized advice and guidance to the general populace. Educators and practitioners in the field might want to focus their efforts towards raising awareness about the importance of the amount of contribution individuals make towards their retirement funds (both taxable and tax-deferred investment vehicles). This might help individuals reap the benefits of proper retirement planning, especially during the phase of unprecedented growth in the economy.

Conversational in style and rich in application and discussion, Family Resource Management shows students how to apply knowledge and theory to the study of how families manage their resources for both survival and fulfillment. Multiple perspectives are used to broaden the base of understanding in a contemporary environment. The book unlocks the complexity of family decision making, enabling students to grasp both the concepts and the underlying explanations of family behavior. A strong theory base and the organization of material within the decision-making process framework facilitate understanding and retention. The Third Edition has been enhanced through surveys of educational professionals and extensive research of contemporary challenges emerging post 2008 recession and the 2016 election.

*This is the Revised 2024 Book Edition* 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 over your lifetime. - 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, RMDs, QCDs, 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!

A little planning goes a long way—prepare for a more secure financial future with this practical, proactive guide that “will help you sleep at night” (Sam Horn, author of Pop!). Retirement planning can be scary, confusing, and overwhelming—especially if you wait until you’re faced with a family medical emergency. It is during these unexpected situations that people often make foolish decisions because of the stress and pressure to make a quick choice. Stop procrastinating and get started now with the tools included in this guide. Older people can face pressing financial planning issues related to age and health—that’s why retirement planning isn’t just for seniors. Author Kris Miller taps into her vast estate planning experience and explains why you should get started now—even if you’re only in your twenties or thirties. Learn how to create a Living Will and a Living Trust; make sure your family is cared for; build wealth; protect your assets from sky-high medical expenses; and retire happy. Ready For Pretirement provides an easy-to-understand overview of the financial decisions that need to be made. From writing a will to creating a trust, from the proper way to hold property to selecting low-risk investments, this book provides necessary guidance—so when you’re ready to plunge into your golden years, you can do it with peace of mind.

A new, more comprehensive approach to long-term family wealth management More Than Money provides a high-level, integrated approach to preserving both financial resources and family harmony. Research has shown a failure rate of 70 percent in long-term multigenerational wealth management, and contrary to popular assumption, only five percent of that failure is due to bad investment, poor tax planning, or inadequate performance by legal and financial advisors. The number-one reason family wealth management fails is the family itself; poor communication, lack of trust, divergent visions, and a failure to prepare succeeding generations will tear down the resources the family has worked so hard to build. Traditional wealth management cannot fix this. Instead, this book offers a fresh approach that integrates strategic and tactical wealth management to align the family’s assets with the family members. With helpful tools and advice drawn from a real-world understanding of family complexities, you’ll improve your ability to preserve your family’s resources over multiple generations. With an expert’s perspective on the real forces behind successful family wealth management, this book provides a clear model and a practical roadmap for long-term financial preservation. Develop a shared family vision and mission Improve communication and trust among members Merge strategic and tactical planning Ensure the longevity of your family’s wealth The wealth management sphere tends to focus on taxes, investments, banking, and estate planning, but little thought is given to the people themselves—this overlooks the fact that individual family members are the most critical factor in multigenerational wealth management, and fails to provide solutions. More Than Money merges traditional strategies with family dynamics, communication, governance, and preparation to help your resources last for generations to come.