Tuesday 5th August 2008
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When many of us think about our retirement years, the problems facing us are unique. We have become used to a lifestyle that is wildly extravagant compared to that of only a generation ago. Houses are bigger, cars are faster, entertainment includes a vast variety of dining out , shopping, exotic holidays and designer clothing.
In this book, the author traverses the whole gamut of retirement, from life expectancy, to investment strategy, health matters, home computers, and even the normally taboo subjects of sex and impending death.
Reviewed by Mark Jory on behalf of Good Returns Bookstore
I found this book to be an easy read with a straightforward style that was easy to follow, providing just the right level of information without getting complicated or bogged down in technical jargon.
The first part of the book provides information about preparing for retirement from a financial viewpoint. It takes into account life expectancy and income needs in retirement, and where that income might come from if you do nothing, from the government through New Zealand superannuation, or by remaining in the workforce at least on a part time basis.
Some of the newer types of investments which have looked good and then failed are described and after reading this material I felt that if an investment product seems too complicated and you don’t understand it, then either don’t invest in it, or find an Investment Adviser.
The second part of the book covers lifestyle choices once you are retired and for me this was largely new information covering everything from health insurance to sex! Yes, sex in retirement, and there are even some suggested topics to ‘google’ for more information.
The Joys of the Computer are explained as part of how you should occupy and enjoy your retirement as well as what you can do to keep healthy and stay in shape and the information about your dental needs and caring for your eyes was quite an ‘eye opener’!
The final chapter discusses issues relating to the final days of our lives including where you might be living and the different options of retirement villages, rest homes, private hospitals and caregivers. Family Trusts are briefly explained and generally seemed to be “off” the recommended “to do” list for most retirees.
The final comments on Death are written with real sincerity and promote a refreshing honesty about how to best approach your final days.
In one book you will also discover some of the real life day-to-day concerns you will face throughout the final third of your life. I would definitely recommend this book to all baby boomers, and many others both younger and older.
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