Engineering Your Retirement - Retirement Planning or Technology Professionals
Published on 1. August 2006
Software
Other digital
228 pages
978-0-470-11247-2 (ISBN)
Description
"Engineering Your Retirement" helps engineers and scientists develop a plan for their safe and successful retirement. The book will examine important questions such as, "How much money will I need to retire?", "How long will it take for me to accumulate it?", and many others. It provides the tools and information needed for someone to answer those questions and to achieve a comfortable retirement on their own schedule. Issues that must be considered to achieve a successful retirement including health care, budgeting, inflation, portfolio requirements, investment allocations, selecting a place to live, and mortgage payoff, are examined. All issues are discussed from the unique cultural view of a technical professional; therefore, the book includes many charts, graphs, analysis tools, and equations. It also includes post-retirement activities of unique interest to technical professionals.
More details
Language
English
Place of publication
New York
United States
Publishing group
John Wiley and Sons Ltd
ISBN-13
978-0-470-11247-2 (9780470112472)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
E-Book
01/2007
Wiley-IEEE Press
€43.99
Available for download
Person
Mike Golio has worked in the electrical engineering field for more than thirty--one years. During his career, his job titles included: member of the technical staff, research assistant, assistant professor, senior engineer, manager, and director. He's authored more than 150 technical papers and served as an editor for five books, as well as a reviewer for several professional journals, IEEE conferences, and book publishers. He currently enjoys spending time on technical efforts, participating in professional activities, and serving as Editor in Chief for IEEE Microwave Magazine.
Content
Preface. Acknowledgments. 1. Retire On Your Schedule. 1.1. Retirement Options. 1.2. Is There a Retirement Crisis? 1.3. How Much Do I Need to Retire? 1.4. How Long Will it Take Me to Save Enough Money? 1.5. Learning Your Own Life Values. 2 Analysis Tools and Calculations. 2.1. Predictions Based on Average Returns and Inflation. 2.2. Spending Models. 2.3. Historical Data. 2.4. Monte Carlo Simulation. 2.5. Historical Simulation and the 4% Rule. 3 Live Below Your Means (LBYM). 3.1. Spending. 3.2. Breaking the Relationship Between Earning and Spending. 3.3. Establishing Budget Projections. 3.4. Credit Cards. 3.5. Increasing Earnings. 4 Emergency Funds and Insurance (First Take Care of Stability). 4.1. Medical Insurance and Healthcare Budgets. 4.2. Emergency Fund. 4.3. Personal Financial Concerns. 4.4. Documents. 5 Investment Instruments. 5.1. Bonds. 5.2. Stocks. 5.3. Real Estate. 5.4. Annuities. 5.5. Defined Benefit Plans (Pensions). 5.6. Cash and Certificates of Deposit. 5.7. Social Security. 5.8. Mutual Funds. 5.9. Exchange--Traded Funds (ETFs). 5.10. Commodities. 6 Your Investment Plan. 6.1. Eliminate "Bad" Debt. 6.2. Investment Issues. 6.3. Tax--Advantaged Accounts and Free Money. 6.4. Taxable Investments. 6.5. House Purchase or Rent? 6.6. Mortgage Payoff Decision. 6.7. Taxes. 7 What Will I Do When I Retire? 7.1. Work Part--Time. 7.2. Travel. 7.3. Volunteer. 7.4. Recreation and Leisure. 7.5. Health and Self--Improvement. 8 Final Issues. 8.1. Before You Leave the Building. 8.2. Where to Live. 8.3. Sources of Income. 8.4. Taxes. 8.5. Rebalancing. 8.6. Heirs. Appendix A: Web Site URLs: Information, Online Calculators and Software. Appendix B: Fundamental Financial Equations. Appendix C: Longevity Table. Index. About the Author.