Job Optional*: *The science of retiring with confidence; the art of living with purpose.
Job Optional*: *The science of retiring with confidence; the art of living with purpose.
eBook
Related collections and offers
Overview
Product Details
ISBN-13: | 9781944194550 |
---|---|
Publisher: | Brisance Books |
Publication date: | 06/25/2019 |
Sold by: | Barnes & Noble |
Format: | eBook |
Sales rank: | 929,578 |
File size: | 3 MB |
About the Author
Table of Contents
Praise for Job Optional* v
A Note from the Author xi
Introduction: Not Your Typical Money Book 1
Chapter 1 Basic Lessons Learned From the Greatest Generation
Lessons I've Learned 5
My Lesson: The Value of a Dollar 5
My Grandfather's Lesson: Savings Over Investment 5
My Grandmother's Lesson: Never Lose Money 6
The Great Recession Lesson: Be Cautious and Conservative 8
My Dad's Lesson: Don't Get Overconfident, Stocks Aren't for Everyone 8
The Common Cents of Generations Past 11
The Definition of Retirement 11
Is Playing Golf Enough? 11
To Work or Not to Work? 12
What Is a Purpose-Based Retirement (PBR)? 13
How to Start Practicing for Retirement 19
15 Motivations to Consider in PBR 21
Chapter 2 Purpose-Based Asset Allocation
Do You Know Where Your Money Is? 26
Liability vs Purpose-Based Planning 28
Liability-Driven Planning 28
Purposed-Based Planning 28
Maximizing Your Efficiency 29
Identifying Risks to Maximize Efficiency 31
Risk 1 Interest Rates 31
Risk 2 Stock Market Volatility 32
Risk 3 Longevity and Health Care Costs 33
Risk 4 Inflation Risks 38
Efficiency 38
Mind Off My Money, Money Off My Mind 40
Chapter 3 Liquidity Planning
Be Ready for the Unexpected 43
Chapter 4 Income Planning
The 4 Percent Withdrawal Rule 47
Interest-Only Income Strategy 48
Real Income Strategies 49
Guaranteed Lifetime Income 49
How Safe Is that "Guarantee." Really? 49
Immediate Annuity 53
Fixed Annuities 54
Fixed Index Annuities 56
Fixed Index Annuities with a GLWB Rider 59
Variable Annuities 62
Flooring 68
Segmented Income 69
Flexible Withdrawal Strategy 72
Independence 75
Social Security Planning 77
Tax Planning 81
Chapter 5 Growth Planning
Finding the Right Inflation Hedge 90
Roth Conversion Opportunities 93
Watch Your Expenses 98
Mutual Funds 101
Fees and Taxes 103
Your Fiscal House 104
Chapter 6 Estate Planning
The Importance of Probate 113
Basic Documents 114
Last Will and Testament 114
Powers of Attorney 115
Living Will 115
Trust 115
Long-Term Health Care Risks 118
Traditional Long-Term Care Insurance 123
Asset-Based Life Insurance Solutions 123
Traditional Life Insurance Policies with Accelerated Death Benefit Provisions 125
Asset-Based Annuities with Long-Term Care Riders 127
Legacy Maximization 129
Basic IRA Strategies 129
Stretch IRA 129
Roth Conversion 130
Distribution Strategies 131
Inheritances: IRA and 401 (k) 133
Annuity Legacy Strategies 134
Chapter 7 Closing
Accumulation 138
Retirement Red Zone 140
A Written Plan 143
Choosing the Right Financial Planner 144
Age and Business Continuity 144
Independence 145
Chemistry 146
Empathy 147
Community Recognition 147
Education 148
Experience 150
Compensation 150
Your Investment Team 152
Breaking Up with Your Accumulation Advisor 153
Summary 155
About the Author 159
Acknowledgments 161
Who Is Howard Bailey? 163
A Background on Howard Bailey 164
Glossary 165
End Notes 187
What People are Saying About This
In his new book, Casey has brought his experience and stories to really drive home what retirement is all about, and how to achieve it successfully. This is great food for thought for those approaching retirement.” — Dr. Wade Pfau, Professor of Retirement Income at The American College, Author, and Founder of Retirement Researcher
“Most investment professionals focus strictly on the financial side of retirement planning. But Casey Weade believes retirement planning should start with the question, "What does a purposeful retirement mean to you?" His book will help you create a meaningful retirement that is both financially secure and personally rewarding. Using his advice, the rest of your life really can be the best of your life." — Nancy Collamer, author of Second-Act Careers: 50+ Ways to Profit from Your Passions During Retirement
"A must read for sound financial guidance. Casey compacts 10+ years’ worth of retirement planning experience into an easy-to-follow guide to having the financial freedom to step away from your job and into your next chapter." — Cody Foster, Co-Founder & Owner of Advisor's Excel
"Casey Weade delivers sound wisdom packaged in a fresh, relevant form. Dive into his content and you'll grow yourself as well as your assets." — Kary Oberbrunner, Speaker, Coach, Author of Day Job to Dream Job
"A unique and refreshing take on breaking free from your 9 to 5 and preparing for your dream retirement; not just the financial side, but the emotions that come along with beginning a new chapter and making sure your Golden Years are fulfilling.” — Dr. Hans Finzel, best-selling author of Launch Your Encore, President of HDLeaders
"Casey delivers a very personal and powerful message in his book Job Optional and continues to move the needle forward for the financial planning profession. This is a must read for anyone doing retirement income planning." — Jamie Hopkins, J.D., LL.M., CFP, Director of Retirement Research at Carson Group