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.
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Foreword by Chris Farrell
Introduction
Chapter 1: Making a Plan
Chapter 2: Timing Your Retirement
Chapter 3: Optimizing Social Security
Chapter 4: Navigating Medicare
Chapter 5: Building Savings
Chapter 6: Tapping Home Equity
Chapter 7: Managing Your Career to the Finish Line
Chapter 8: Aging in Place
Chapter 9: Managing Long-Term Care Risk
Chapter 10: The Value of Advice
Chapter 11: Taxes in Retirement
Chapter 12: Managing Your Pension
Chapter 13: Becoming an Entrepreneur after 50
Chapter 14: Finding Your Purpose in Retirement
Chapter 15: Toward a New Social Insurance Era
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Mark Miller is a journalist, author, and podcaster with a national reputation as a top expert on retirement and aging—and he is at a point in life when he personally is asking himself many of the same questions facing millions of other older Americans. He contributes regularly to the New York Times “Retiring” column, which appears in the Sunday edition, where they are among the best-read personal finance stories in the paper. He also writes monthly national columns on retirement for Reuters, Morningstar, and Wealth Management magazine. Mark’s website, Retirement Revised.com, publishes a newsletter and podcast that features interviews with authoritative experts in the field of retirement. His previous books include Jolt: Stories of Trauma and Transformation and The Hard Times Guide to Retirement Security. He is the father of three young adult children who still periodically seek out advice from him or his wife of forty years, Anita Weinberg.