Cover image for The retirement catch-up guide : 54 real-life lessons to boost your retirement resources now!
The retirement catch-up guide : 54 real-life lessons to boost your retirement resources now!
Hoffman, Ellen, 1943-
Personal Author:
First edition.
Publication Information:
New York : Newmarket Press, [2000]

Physical Description:
xiv, 193 pages ; 23 cm
General Note:
Includes index.
Format :


Call Number
Material Type
Home Location
Item Holds
HG179 .H5925 2000X Adult Non-Fiction Non-Fiction Area

On Order



Excerpted in Business Week and The New York Times Syndicate, here's how 54 late starters made up for lost time and maximized their Social Security benefits, turned home equity into retirement income, increased savings by cutting daily expenses, chose a retirement location that fits their budget, and/or devised dozens of other strategies to help build up their retirement assets.

Table of Contents

Introductionp. ix
Chapter 1 Check Up On All Your Retirement Resourcesp. 1
1. Find Out How Much Your Social Security Retirement Benefit Will Bep. 8
2. If You're Divorced, Check On Whether You Could Get a Higher Social Security Benefit Based on Your Ex's Work Recordp. 10
3. List All Your Jobs and Employers and What Retirement Benefits You're Entitled to Receive from Eachp. 13
4. Conduct a Search for All Your Financial Documentsp. 15
5. If You're Divorced, or Going to Be, Make Sure You Get Your Share of Pension and Other Retirement Assetsp. 17
6. If You Think You've "Lost" a Pension, Search for It Through the Pension Benefit Guaranty Corporation (PBGC)p. 20
7. Check Up On Your IRAs and Consider Consolidating Themp. 22
Chapter 2 Make a Planp. 26
8. Give Your Future a Reality Checkp. 28
9. Create a Retirement Visionp. 30
10. Create a Retirement Budget to Support the Visionp. 32
11. Take Stock of Your Current Income and Resourcesp. 34
12. Plan for a Long, Productive Lifep. 36
13. Shift Gears If Your Original Plans Are Not Panning Outp. 38
14. Get Help from an Expert You Trustp. 40
Chapter 3 Readjust Your Working Plansp. 45
15. Delay Your Retirementp. 50
16. Evaluate Your Current Job's Retirement Benefitsp. 53
17. Start a New Careerp. 55
18. Make Money Your New Businessp. 58
19. Become a Consultant in Your Fieldp. 59
20. Start a New Businessp. 61
21. Prepare For or Find a "Bridge Job."p. 63
22. Phase In Your Retirementp. 65
Chapter 4 Downsize Your Life Now (To Increase Your Savings)p. 71
23. Shift Debt from High-Interest Credit Cards to a Mortgage or Home Equity Loanp. 76
24. Make Frugality a Way of Lifep. 79
25. Give Up Some Luxuriesp. 83
26. An Extreme Case: Declare Bankruptcyp. 86
27. Save 10 Percent of Every Paycheck for Retirementp. 88
Chapter 5 Make the Most of Your Home Equityp. 92
28. Speed Up Paying Off Your Mortgage So That You'll Own Your Home Outright When You Retirep. 95
29. Take Out a Reverse Mortgage That Will Provide Extra Retirement Incomep. 98
30. Secure a Home Equity Loan to Buy Real Estate That Can Either Produce Retirement Income or Serve as a Retirement Homep. 100
31. Trade In Your Current Home for One That Costs Less to Maintain. Put Away the Savings for Retirementp. 102
32. Sell Your Current Home. Use the Proceeds to Buy an RV and See the Countryp. 105
33. Sell Your Expensive Home and Use the Tax-Free Profit to Finance Early Retirementp. 108
Chapter 6 Learn How to Be a Successful Saverp. 112
34. Enroll in a Financial Planning or Money Management Coursep. 117
35. Resist the Temptation to Sacrifice Your Retirement Savings to Immediate Needs for Cashp. 119
36. As Your Income Increases, Put More Money into Retirement Accountsp. 121
37. Max Out Contributions to All of Your Eligible Tax-Deferred Retirement Savingsp. 123
38. Make Your Inheritance Last as Long as You'll Need Itp. 125
Chapter 7 Learn How to Be a Successful Investorp. 128
39. Join an Investment Club and Act on What You Learnp. 133
40. Make a Commitment to Investing Systematicallyp. 135
41. Pay More Attention to Your Investmentsp. 137
42. Invest in Building Up Your Businessp. 139
43. Invest in Real Estatep. 141
Chapter 8 Move to a Less Expensive Locationp. 147
44. Compare Overall Costs of Living in Your Current Location with the Costs of Living Elsewherep. 151
45. For Your Retirement Home, Choose a State with Low Property and Income Taxesp. 153
46. Trade the Higher Cost of City Living for a More Economical Life in the Country or in a Small Townp. 156
47. Look for a Location Where You Can Build on Your Interests and Skills to Create a Simpler, Less Expensive, but Satisfying Way of Lifep. 159
48. Consider Living in Another Countryp. 161
Chapter 9 Monitor Your Retirement Resourcesp. 165
49. Keep Your Mind on Retirement Financing, Even When You Have Little or No Money to Devote to Itp. 168
50. Monitor Your Investments on the Internetp. 171
51. Read All the Statements You Receive from Your Pension Fund, 401(k), or IRA to Catch Mistakes Before It's Too Latep. 174
52. Compile a Quarterly Report on Your Retirement Savingsp. 178
53. Check In with Your Financial Adviser Once a Monthp. 180
54. Make a Comprehensive Pre-retirement Checkup of All Your Resourcesp. 182
Acknowledgmentsp. 187
Indexp. 189