Named the 2019 Investment and Retirement Planning "Book of the Year" by the Institute for Financial Literacy
It’s never too late to start planning for retirement
You Don’t Have to Drive an Uber in Retirement is a survival guide for your golden years, and a lifeline for those entering the Retirement Crisis unprepared. Roughly 45 percent of Americans have zero dollars saved for retirement - but the average retiree will spend $154,000 in out-of-pocket health care costs alone. We need to figure out how to generate more income, even in retirement, and spend less. How do we boost our retirement income? Is investing the way to go? How much do we need, anyway? This book does more than just answer the important questions - it gives you real-world tips to help you reach your financial goals. Yes, it is possible to increase your income in or as you approach retirement. These guidelines will help you optimize your assets and put away more money for the years you’ll need it most.
Planning for retirement does not mean holding off on fun today; there are many ways the average American can reduce everyday costs of living without living like a pauper. This book will help you take stock of what you have and what you’ll need, and show you how to bridge the gap.
- Maximize your savings while minimizing the lifestyle impact
- Unique ways for generating a meaningful amount of income, that don’t require you to get a job
- Learn just how much you’ll need for a comfortable retirement
- Adopt new everyday strategies that will help you bolster your funds
Add new income streams, optimize your portfolio, and learn to spend less without living less - these are the key factors in making your golden years truly golden. You Don’t Have to Drive an Uber in Retirement is an important resource and insightful guide for those hoping to one day leave the workforce - in comfort.
Table of Contents
Foreword xi
Introduction xv
Part I Generating Income 1
Chapter 1 Give Yourself a Raise 3
Chapter 2 Using Options for Income 13
Chapter 3 Be the Bank 23
Chapter 4 Become the IRS: Have People Pay Taxes to You 37
Chapter 5 Get Paid More from Social Security 43
Chapter 6 You Don’t Have to Drive for Uber – But You May Want To 53
Chapter 7 The 401k You’ve Never Heard Of 61
Part II Cutting Costs 67
Chapter 8 Lower Your Medicare Costs 69
Chapter 9 Medical Tourism 75
Chapter 10 Pay Less for Your Medicine 81
Chapter 11 Pay Less in Taxes 87
Chapter 12 Lower Your Investment Costs 95
Chapter 13 How to Buy a Car for 25% Off 103
Chapter 14 How to Travel for Less 109
Part III Small Ideas That Add Up 117
Chapter 15 Small Ideas That Add Up 119
Part IV Ideas I Don’t Like 141
Chapter 16 The Worst Investment You Can Make 143
Chapter 17 Lose Your Life Insurance 153
Chapter 18 Reverse Mortgages 163
Conclusion 167
About the Author 169
Acknowledgments 171
Index 173
