Cover image for The new working woman's guide to retirement planning : saving and investing now for a secure future
Title:
The new working woman's guide to retirement planning : saving and investing now for a secure future
Author:
Patterson, Martha Priddy.
Personal Author:
Edition:
[Second edition].
Publication Information:
Philadelphia : University of Pennsylvania Press, [2000]

©2000
Physical Description:
x, 303 pages ; 24 cm
General Note:
Rev. ed. of: The working woman's guide to retirement planning. c1993.
Language:
English
ISBN:
9780812217032
Format :
Book

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Summary

Summary

For those who believe money is money, whether you are male or female, The New Working Woman's Guide to Retirement Planning shows why saving for retirement is different--and difficult--for women. Martha Priddy Patterson offers practical advice and usable solutions to the retirement planning obstacles women have to overcome.

Although women are gaining equal pension coverage with men and women's wages are ever slowly increasing, the need for retirement saving and planning, for both women and men, has never been greater. Through her professional and personal experiences, Patterson--an attorney who has spent 15 years specializing in employee benefits law--found that women were not paying attention to their financial retirement future. Case studies of four women at different stages of their lives, with a variety of careers and career patterns, demonstrate how retirement benefits grow--or disappear.

This new edition contains current up-to-the-minute information on new retirement planning options such as Roth IRAs, cash balance plans, SIMPLE plans, enhanced coverage of 401(k) plans, and the future of Social Security.


Author Notes

Martha Priddy Patterson is the Director of Employee Benefits Policy and Analysis for KPMG's Compensation and Benefits Practice.


Table of Contents

Prefacep. ix
Part I. Understanding the Basics
1. Why Retirement Planning Is Different for Womenp. 3
2. Retirement Benefit Growth: Alice, Susan, Bonnie, and Jenniferp. 13
3. Basics of Retirement Savings and Planningp. 33
4. Basic Retirement Benefits Buzzwordsp. 41
5. The Employee Retirement Income Security Act (ERISA)p. 52
6. How Taxes Affect Retirement Planning and Retirement Incomep. 66
Part II. Sources of Retirement Savings
7. Employer-Provided Retirement Plansp. 75
8. Government-Supplied Retirement Benefits: Social Security and Medicarep. 113
9. Your Individual Savings for Retirementp. 136
Part III. How Much to Save and Invest
10. The Role of Benefits in Taking or Leaving a Jobp. 169
11. How Much Do You Need for Retirement?p. 179
12. Becoming Familiar with Investment Vehiclesp. 200
13. How to Invest Wisely for Retirementp. 215
Part IV. Life Phases and Retirement
14. How Marriage Affects Your Retirement Benefitsp. 241
15. How Divorce Can Affect Your Retirement Planningp. 249
16. If You Are Near Retirementp. 261
17. Life in Retirementp. 280
Epiloguep. 285
Appendix Tables for Calculating the Time Value of Moneyp. 287
Notesp. 293
Acknowledgmentp. 299
Indexp. 301