Kategoria BISAC: Business & Economics >> Personal Finance - Retirement Planning

This contributed volume provides a broad-based and in-depth exploration of demographic and related issues facing American society as it anticipates the retirement of the so-called baby boomers. The work provides a critical examination of the population and labor force projections most commonly used in discussions of retirement in the next century; looks at issues relating to the health and age structure of the population, examining those issues in the context of support mechanisms for retirement income security; and considers the potential lessons to be learned from the experiences of...

At the outset of his second term, President Bush's proposal to partially privatize Social Security has touched off a debate of enormous proportion. Disentangling the rhetoric and hyperbole from fact is essential for anyone trying to evaluate the potential merits or pitfalls of the plan. Leonard and Mark Santow--a father-and-son team who integrate two different political viewpoints (fiscally conservative and socially liberal, respectively)--offer specific recommendations for improving Social Security, Medicare, and Medicaid in socially responsible ways that relieve some of the stress on the...

For decades, the major pension insurer for American academics the Teachers Insurance and Annuity Association / College Retirement Equities Fund, or TIAA-CREF had virtual monopolistic control of its participants' savings. The funds were locked in until retirement and the only option thereafter was to purchase an annuity from the parent company. Those restrictions were removed in March of 1990.
Many TIAA-CREF members essentially the nation's million-plus university faculty and academic staff have been slow to understand the significance of these changes. The commercial financial...

When properly designed, a revocable living trust can provide all of the estate tax-saving benefits available under a decedent's Last Will, eliminate a lifetime court-supervised financial guardianship of a person's financial affairs in the event of physical or mental incapacity, and, upon the trustor's death, facilitate estate administration without the necessity of a court-supervised process, or probate. Shockingly often, however, trusts are poorly designed and underfunded, nullifying all of their considerable...

With trillions of dollars in retirement savings assets, the tens of millions of Americans on the precipice of retirement need to convert these savings into retirement income. The fact that variable income annuities (VIAs) generate maximum lifetime income with zero probability of outliving it has spurred the need for more information about VIAs. The Handbook of Variable Income Annuities is by far the most comprehensive source of information on this topic. This book thoroughly describes the most important principles of optimal...