Review of How to Survive the Coming Retirement Storm
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Twylla
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Review of How to Survive the Coming Retirement Storm
[Following is a volunteer review of "How to Survive the Coming Retirement Storm" by Robert Margetic.]
How to Survive the Coming Retirement Storm by Robert Margetic is an excellent reference book for anyone who is approaching retirement. It proposes a holistic approach to planning for retirement to ensure that you are prepared financially, emotionally, socially, mentally, and physically for the retirement phase of your life. It is a guide that offers concrete advice and a five-step plan to help people navigate through a broken, volatile, and unpredictable system. Margetic gives us tangible information on staying healthy, obtaining the correct insurance policies, saving, investing, executing wills, trusts, and end-of-life directives while helping us stay secure, and fiscally viable despite the economic volatility.
As our generation retires, things will be different than they were for our parents. I realize that my retirement is going to involve more uncertainty and risk because of the fallout from the pandemic, the volatility of the economy, the erosion of spending power from inflation, and our extended longevity. But I feel optimistic about the future. We have made major progress against the Covid-19 virus. Containment has worked to flatten the curve, and the world is starting to reopen and get back to normal. If we can overcome Covid-19, there is nothing we can't do.
The most valuable section of the book for me was the advice on taking your Social Security as soon as you are eligible. The Social Security system cannot survive long term in its current state. Congress doesn’t have the desire or motivation to re-engineer Social Security for the next generation. Cuts are inevitable, so people cannot depend on Social Security. It was never intended to be a primary income source for retirement.
My favorite story in the book is about Japanese husbands who experienced Retired Husband Syndrome (RHS). Their identity is tied to their work, and their social lives revolve around the people they work with. So when they retire, there is a void in their lives that their family cannot fill. Even though I loved working, missing my workplace has not been an issue for me. I have so many interests, there are not enough hours in the day to do everything I want to do. The biggest struggle in retirement for me has been adjusting my mindset from saving money to spending money.
This book was very easy to read. It is written for the non-technical, non-financial person. Anyone within 5 years of retirement or newly retired would benefit most from this book. I cannot name one thing I didn't like about the book. The book is well-written and professionally edited. I found a few minor typos, but nothing that distracted me from the message. I am giving this book a rating of 4 out of 4 stars.
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How to Survive the Coming Retirement Storm
View: on Bookshelves | on Amazon
How to Survive the Coming Retirement Storm by Robert Margetic is an excellent reference book for anyone who is approaching retirement. It proposes a holistic approach to planning for retirement to ensure that you are prepared financially, emotionally, socially, mentally, and physically for the retirement phase of your life. It is a guide that offers concrete advice and a five-step plan to help people navigate through a broken, volatile, and unpredictable system. Margetic gives us tangible information on staying healthy, obtaining the correct insurance policies, saving, investing, executing wills, trusts, and end-of-life directives while helping us stay secure, and fiscally viable despite the economic volatility.
As our generation retires, things will be different than they were for our parents. I realize that my retirement is going to involve more uncertainty and risk because of the fallout from the pandemic, the volatility of the economy, the erosion of spending power from inflation, and our extended longevity. But I feel optimistic about the future. We have made major progress against the Covid-19 virus. Containment has worked to flatten the curve, and the world is starting to reopen and get back to normal. If we can overcome Covid-19, there is nothing we can't do.
The most valuable section of the book for me was the advice on taking your Social Security as soon as you are eligible. The Social Security system cannot survive long term in its current state. Congress doesn’t have the desire or motivation to re-engineer Social Security for the next generation. Cuts are inevitable, so people cannot depend on Social Security. It was never intended to be a primary income source for retirement.
My favorite story in the book is about Japanese husbands who experienced Retired Husband Syndrome (RHS). Their identity is tied to their work, and their social lives revolve around the people they work with. So when they retire, there is a void in their lives that their family cannot fill. Even though I loved working, missing my workplace has not been an issue for me. I have so many interests, there are not enough hours in the day to do everything I want to do. The biggest struggle in retirement for me has been adjusting my mindset from saving money to spending money.
This book was very easy to read. It is written for the non-technical, non-financial person. Anyone within 5 years of retirement or newly retired would benefit most from this book. I cannot name one thing I didn't like about the book. The book is well-written and professionally edited. I found a few minor typos, but nothing that distracted me from the message. I am giving this book a rating of 4 out of 4 stars.
******
How to Survive the Coming Retirement Storm
View: on Bookshelves | on Amazon
Latest Review: Contagion Domination by William Nisol
