Cracking Your Retirement Nest Egg

Cracking Your Retirement Nest Egg

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by Margaret A. Malaspina, Celeste Lawson
     
 

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A former vice-president of Fidelity offers indispensable advice for the millions of baby boomers hitting 50, 55, and beyond. The author of "Don't Die Broke," she focuses on spending and living off retirement savings, while other books are geared towards saving for retirement.

Overview

A former vice-president of Fidelity offers indispensable advice for the millions of baby boomers hitting 50, 55, and beyond. The author of "Don't Die Broke," she focuses on spending and living off retirement savings, while other books are geared towards saving for retirement.

Editorial Reviews

Publishers Weekly
The title may be unwieldy, but the book is not: Malapsina's modest volume is a simple, straightforward guide to the Byzantine subject of retirement planning. Twenty-five short chapters instruct readers on the basics of plan types, on organizing, withdrawing from, rolling over, avoiding taxes on and investing in plan assets, and on "special situations," such as domestic partnerships, women's retirement, inheritance, company stock and estate planning. Even those who fancy themselves knowledgeable about pensions and defined contribution plans may find new information here. For instance, Malaspina points out that, contrary to popular belief, most large companies in the U.S. still offer traditional, defined benefit retirement plans that reward loyalty and deliver a regular percentage of pre-retirement wages. (The problem is, the modern workforce doesn't stay in one place long enough to maximize these benefits). Designed as a reference rather than a sit-down read, this book is brief and clear. But readers should not misled: retirement rules are frequently convoluted and arcane, and a book is no substitute for a competent attorney or financial planner. But if used as a broad outline to retirement planning issues, Malaspina's volume can serve to highlight important areas for further consideration. (Jan.) Copyright 2003 Cahners Business Information.
Library Journal
Financial advisor Malaspina (Don't Die Broke), former vice president of Fidelity, provides a super guide to making the right moves and avoiding the possible pitfalls when considering retirement. She focuses on where to allocate investments and how to structure a comfortable income that won't run out. Based on an assumption that listeners have been heeding investment strategies over time, the author targets the interests of those nearing retirement who may be wondering how to control what they have and how to move in that direction onto solid financial ground. Malaspina organizes the valuable information into 25 short chapters on the basics of plan types, organizing investments, avoiding taxes, investing in plan assets, and "special situations" such as domestic partnerships, inheritance, company stock, and estate planning. The solid, professional narration by Celeste Lawson maintains listener interest in this work, which highlights important areas of concern to those fortunate to be able to retire. Highly recommended for all public libraries. Dale Farris, Groves, TX Copyright 2004 Reed Business Information.

Product Details

ISBN-13:
9780786125197
Publisher:
Blackstone Audio, Inc.
Publication date:
08/28/2003
Edition description:
Unabridged
Product dimensions:
6.24(w) x 9.70(h) x 1.25(d)

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