Most people spend years saving their hard-earned money for retirement. Yet, as retirement nears, they may have little understanding of how to make the right decisions regarding their assets. For instance, are you torturing yourself wondering whether you should you take a higher pension for your lifetime or a lower amount spread over the lifetimes of both you and your spouse? Or, whether it is better when you retire to take your 401(k) savings with you, leave them in the plan, or roll them over into an IRA (Individual Retirement Arrangement)? Or, whether a Roth IRA is right for you?
Don’t Die Broke is a practical guide to these and many other questions you will face in managing your retirement assets. Knowing the right answers can help you reduce your taxes and turn your retirement savings into an income stream that will last a lifetime.
In one of the book’s more interesting sections, Margaret A. Malaspina helps you determine your investment personality—income delegator, income worrier, or income manager—and assess how well-suited you are to managing your own retirement investments or whether you should consider going with the professionals.
Written in an easily understandable, straightforward style, Don’t Die Broke takes you step-by-step through all the options from which you must choose. It is loaded with the kinds of details that will arm you with the confidence to make informed decisions, which is especially critical with planning decisions that are "one time only" or irreversible.