Retirement Reboot

For millions of Americans, the COVID shock has brought retirement saving to an abrupt halt—now it’s time to get back on track. Even before the pandemic, a large share of households by Americans over age 50 faced the threat that their living standards would decline sharply in retirement. In the wake of COVID-19, these numbers will surely worsen. In Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track, finance writer and regular New York Times retirement contributor Mark Miller offers practical strategies for Americans to improve their retirement prospects. If you’re nearing retirement age and worry you haven’t saved enough, Retirement Reboot will walk you through the core decisions to make now to improve your retirement outcomes—even if retirement is just a few years away. You’ll learn how to make a plan, think through the timing of retirement, optimize Social Security, navigate Medicare, build savings, and tap home equity. You’ll also explore ongoing strategies, such as careful budgeting, generating income from work even after retirement, planning for long-term care, and leveraging special assistance aimed at low-income workers. If you have low savings, or none at all, Miller’s simple steps can help you make the most of your remaining working years and reboot the retirement you always imagined.

Baby Boomers are reinventing retirement just as they have so many other aspects of their lives. They will live longer and be healthier than their parents and grandparents, and they plan to remain relevant, be fulfilled, and leave legacies. Many will continue to work well into their 70s and 80s, some because they want to, others because they need to.The Retirement Boom is a practical roadmap for making your “retirement years” a time of reinvention, excitement, and fulfillment.The coauthors of this practical guide are four Boomer professionals who have walked the walk and transformed themselves from corporate executives, CEOs, consultants, and national security policy experts into a range of new careers that more closely hew to their passions. They interviewed more than 300 people and 30 organizations in the writing of this book.The Retirement Boom includes tips, stories, exercises, and techniques to help you:Design your own “retirement” and plan for it.Use your time creatively and well.Understand what's changing in the workplace and the workforce today.Make your money last.Renegotiate life at home.Improve and keep your health.Build and leave a legacy.Simplify your life.And much, much more.

About Reboot! "Reboot to work; retirement is a disease." "It's better to wear out than rust out." That is the message of Reboot! While American culture glamorizes the "Golden Years" of endless leisure and amusement, Phil Burgess rejects retirement, as he makes the case for returning to work in the post-career years, a time he calls later life. Based on solid research from the social and medical sciences, the author says, "It is better to die with your boots on, fully engaged in helping others and repairing the world." Reboot! is partly autobiographical. Indeed, the author is working well into his own post-career years, following two failed retirements. He is also convincing in his eye-opening, historically rooted, and hope-filled arguments for engaging in life-long work that is productive and satisfying. Reboot! identifies five different types of work: in-kind, volunteer, Samaritan, enrichment, and paid work. Booters who incorporate one or more of these types of work into their post-career lifestyle will, according to Burgess, live longer, live better, and die faster - avoiding boredom, aimless busy-ness, diminished self-worth and the anguish (and cost) of lingering death. With America's 78 million boomers turning 65 at the rate of 10,000 a day for the next 18 years, Reboot! provides a timely and provocative alternative to the conventional idea of retirement. With the promises of Social Security and Medicare about to be broken, Reboot! provides an upbeat and constructive way to deal with new financial realities. For men and women navigating life's transitions, striving to finish well, Reboot! provides a roadmap for living a life of meaning, challenging the reader to be a booter, not a retiree. Burgess boldly asserts that retirement is a deadly disease, and that work after a life of work is the best option for post-career years that are meaningful, productive, healthy, and satisfying. See www.BooterNation.com Excerpts: On retirement: "Not all ideas are good ideas. Some are bad ideas. Retirement is one of those bad ideas - it makes no sense...Retirement is not natural. It is not historic. It is not healthy. It is not, for most people, fulfilling. For many, retirement is a widow maker." On the value of work: "The social engagement and satisfaction that come from working in later life are keys to successful aging...There is much work to do in this world where we are but temporary inhabitants. We should find it and do it...at least for as long as we're able. In many ways, our life depends on it." On work and money: "Work is not only about money. Even if you don't need the money and your financial situation is stable and comfortable, returning to work in your post-career life is the smart thing to do - at least until sidelined by frailty or disability. It's smart because good health and satisfaction in later-life are most likely to come from working." On different types of work: "For most of us, post-career work will be tailored work, work customized to reflect our needs, our deepest desires, and the highest and best use of our gifts - especially time, talent, and treasure. Work tailored to our gifts will be productive and satisfying."...

Revitalize Your Prosperity: Mastering the Mid-Life Financial Makeover Imagine turning the page on past money missteps and transforming your financial future–this book is your guiding light. "Money Matters After 40: A Comprehensive Financial Reboot" isn't just a finance book; it's the catalyst to the lifestyle you deserve as you enter the prime of your life. Step into a journey of clarity and confidence with Chapter 1, Understanding Your Financial Starting Point, that helps you evaluate where you stand and plot a trajectory towards your goals. With the Art of Budgeting Mid-Life, discover the joy of balance–a budget that empowers you today while securing your tomorrow. The specter of debt doesn't have to loom over you. We chart a course through the tangled web of liabilities, revealing practical wisdom in Tackling Debt in Your Prime Years. Follow it up with insightful strategies in Investing Wisely at a Later Stage, making your money work for you as you head towards retirement. Life after 40 comes with its share of milestones and challenges, but whether it's navigating the nuances of real estate, understanding the layers of insurance, or planning for a retirement that feels worryingly close–this book has got you covered. And rest assured, it's never too late to start building passive income streams that cushion your life, ushering you into a world where financial freedom isn't just a dream. The final chapters are a testament to our commitment to your long-term prosperity, focusing on the necessity of Ongoing Education and Financial Literacy and the golden rules for selecting a financial advisor who aligns with your rejuvenated financial ethos. With appendices that include financial planning worksheets and a comprehensive glossary, you are equipped to make educated, powerful decisions. This book is your trusted partner in paving a path of financial stability and legacy. Your next chapter glows with the promise of financial enlightenment–embrace your reinvention and start thriving today.

Reboot to work; retirement is a disease. It 's better to wear out than rust out. That is the message of Reboot! While American culture glamorizes the Golden Years of endless leisure and amusement, Phil Burgess rejects retirement, as he makes the case for returning to work in the post-career years, a time he calls later life. Based on solid research from the social and medical sciences, the author says, It is better to die with your boots on, fully engaged in helping others and repairing the world. Reboot! is partly autobiographical. Indeed, the author is working well into his own post-career years, following two failed retirements. He is also convincing in his eye-opening, historically rooted, and hope-filled arguments for engaging in life-long work that is productive and satisfying. Reboot! identifies five different types of work: in-kind, volunteer, Samaritan, enrichment, and paid work. Booters who incorporate one or more of these types of work into their post-career lifestyle will, according to Burgess, live longer, live better, and die faster avoiding boredom, aimless busy-ness, diminished self-worth and the anguish (and cost) of lingering death. With America 's 78 million boomers turning 65 at the rate of 10,000 a day for the next 18 years, Reboot! provides a timely and provocative alternative to the conventional idea of retirement. With the promises of Social Security and Medicare about to be broken, Reboot! provides an upbeat and constructive way to deal with new financial realities. For men and women navigating life 's transitions, striving to finish well, Reboot! provides a roadmap for living a life of meaning, challenging the reader to be a booter, not a retiree. Burgess boldly asserts that retirement is a deadly disease, and that work after a life of work is the best option for post-career years that are meaningful, productive, healthy, and satisfying. See www.BooterNation.comExcerpts: On retirement: Not all ideas are good ideas. Some are bad ideas. Retirement is one of those bad ideas it makes no sense Retirement is not natural. It is not historic. It is not healthy. It is not, for most people, fulfilling. For many, retirement is a widow maker. On the value of work: The social engagement and satisfaction that come from working in later life are keys to successful aging There is much work to do in this world where we are but temporary inhabitants. We should find it and do it at least for as long as we re able. In many ways, our life depends on it. On work and money: Work is not only about money. Even if you don t need the money and your financial situation is stable and comfortable, returning to work in your post-career life is the smart thing to do at least until sidelined by frailty or disability. It 's smart because good health and satisfaction in later-life are most likely to come from working. On different types of work: For most of us, post-career work will be tailored work, work customized to reflect our needs, our deepest desires, and the highest and best use of our gifts especially time, talent, and treasure. Work tailored to our gifts will be productive and satisfying.

Retirement is a new beginning.You now have the gift of time. You are free to gaze at the stars, enjoy a movie, play with your grandkids. You are free, finally, of deadlines and the rush of everyday life. Indeed, retirement--which, given today's excellent health facilities, makes up about a third of one's life--could bring in the best years. All you need to do is plan well ahead.Keep sufficient retirement fundsDecide on your monthly expenditureFind a hobby you enjoyExercise and keep your weight under controlGo for regular medical check-upsMaintain a balanced relationship with your childrenHave a healthy sex lifeMake new friendsLearn to giveLearn to live alone

More Americans are choosing to take time off from work to relax or re-examine their priorities, so they can return to work energized. Some companies offer formal sabbatical programs, but how can the average person take time off to evaluate their direction, explore their passions, and make time for the things that are really important? Whether you're disillusioned with your career, yearning to follow a dream, or taking time out after a layoff, now is the time to step back and reboot. This book will show you how you can give yourself the best gift ever-—the gift of time. People who take sabbaticals report feeling happier, and they return to their jobs refreshed, reinvigorated, and ready to tackle new challenges. Reboot Your Life draws upon the experiences of the four authors and their interview subjects: 200 people who have taken sabbaticals and 150 organizations offering sabbatical programs. The book includes real-life stories and exercises to help the reader figure out how to plan for and take a sabbatical, or how to use unexpected time off.

A timely guide to overcoming the retirement challenges we all face The Great Recession has placed a wake-up call to America's baby boomers. Many have not saved enough for retirement and have not taken a hard look at how many post-work years they may need to finance. Written in a straightforward and accessible style, The Hard Times Guide to Retirement Security tackles the tough questions about retirement in the new post-crash economy. Page by page, it puts retirement in perspective by touching on important issues such as insuring against the risk of outliving your assets, recalibrating damaged retirement portfolios, managing the risk of health-care expenses in retirement, and career strategies for workers who are 50 years old and up. Reveals how to boost lifetime income through better planning, and working just a few additional years Offers advice on how to hire a financial advisor whose first loyalty is to you, not Wall Street Discusses why you should rethink housing in the wake of the real estate crash Offers detailed advice on career reinvention, the 50+ job market and midlife entrepreneurship Engaging and informative, this practical guide provides the strategies needed for a truly fulfilling and secure retirement.

Times of transition, especially in midlife or later life, are ideal moments for recalibrating our priorities and habits. Ken Boa and Jenny Abel give us the practical tools and eternal perspective needed to evaluate our God-given gifts, skills, wisdom, resources, and opportunities in order to live meaningfully now and into the future.