The concept and idea of “The American Dream” has always been about homeownership or being happily married with kids and living in one of Carmel CA Homes. However, that version of the American dream has gone through large scale reconsideration in the heat of the recession and the foreclosure crisis.
Nevertheless, considering investment plunging, and advances in life expectancies, it is also rational to conclude that the retirement plans and many American dreams have also been withdrawn and reconsidered.
Many who were looking to retire at age 65 are swallowing the possibility of working for the rest of their lives or at least face difficult decisions about when, where and how they will ever be able to retire.
Retirement and investment adviser Gregory Salsbury, Ph.D., offers some thought leadership for aspiring retiree in his new book “Retirementology: Rethinking the American Dream in a New Economy”.
The chapters in this book intents to take a behavioral economic approach to interpreting the psychological foundation of retirement decision imperfections, and suggest an action plan for altering the way you thinking about and plan for retirement while a change of course still has the potential to benefit you in later life.
Chapter 1: Great Expectations. This chapter describes the irrational thinking of the average American when it comes to retirement issues, including the distinctly fictional anticipations of many that they will pension off with great deal, despite having no retirement plan, and even the famous false opinion that their quality of life will ascend after retirement.
Chapter 2: Gold Dust on Sushi. This is about chronic overspending and credit habits of Americans, including residents of Carmel CA Homes, and how they keep us hooked to paychecks.
Chapter 3: The NoZone. There is no such thing as a retirement zone, the book argues, as is traditionally thought. It’s something that requires to be planned for as soon as you receive your first actual paycheck.
Chapter 4: House Money, analyzes the deceitful thinking behind Americans’ irrational real estate behavior over the last decade, and suggests a few options for retirees, including early mortgage payment strategies and seriously thinking renting and relocation as practical alternatives.
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Chapter 5: Family Matters, talks about a variety of matters in which family and finance cross, from how parents, partners and children interact around money, to estate planning.
Chapter 6: The Tax Man Will NOT Come Knocking. With record debt climbing up and bailouts accumulating, the tax man is coming for you and this time he’s bringing a few new friends.
Chapter 7: Under the Knife, takes on healthcare subjects. Everyone has a sentiment about American healthcare, but nobody seems to have a really good diagnosis about what to do with it.
Chapter 8: Lost in Translation, Deciphering the retirement riddle was already difficult before the meltdown. Now investors may need a transcriber to interpret the new levels of complexity.
Chapter 9: Long-Term Smart Even before the Meltdown of 2008, many were not prepared for retirement. This points out proprietary set of key priorities should push your retirement planning.
Salsbury also tosses out a couple of smart, practical financial-planning tips along the way. Those tips are all absolutely reasonable, but they’re a little “famoneyiliar”: financial advice that most people already know.