Barbara Rockefeller, Nick J Tate
Baby Boomer Survival Guide, Second Edition
Live, Prosper, and Thrive in Your Retirement
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Barbara Rockefeller, Nick J Tate
Baby Boomer Survival Guide, Second Edition
Live, Prosper, and Thrive in Your Retirement
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"Fully updated & revised survival guide for baby boomer generation entering retirement! Includes up-to-date changes due to life with Covid-19. Baby Boomer Survival Guide, Second Edition: Live, Prosper, and Thrive in Your Retirement is the premier roadmap to retirement for anyone focused on financial security. This is a comprehensive, easy-to-understand guide that covers all the significant financial, healthcare, and lifestyle-related considerations today's Baby Boomer generation needs to know. This Essential Happiness Handbook to Financial & Health Security Includes Key Topics: How to Live a…mehr
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"Fully updated & revised survival guide for baby boomer generation entering retirement! Includes up-to-date changes due to life with Covid-19. Baby Boomer Survival Guide, Second Edition: Live, Prosper, and Thrive in Your Retirement is the premier roadmap to retirement for anyone focused on financial security. This is a comprehensive, easy-to-understand guide that covers all the significant financial, healthcare, and lifestyle-related considerations today's Baby Boomer generation needs to know. This Essential Happiness Handbook to Financial & Health Security Includes Key Topics: How to Live a Long, Happy, Healthy Life; Expanding Your Interests, Hobbies, Social Network, Community Involvement & Quality Time with Family; Where to Live & Where to Travel; What to Do With Your Extra Years; Strategies for Not Outliving Your Savings; Financial Planning and Investing: Rules for Success; Taking Advantage of the Trump Tax Cuts; Homeownership vs. "Real Estate" & Renting vs. Buying; WORKING in Retirement; Social Security Optimization Strategies; Having a Medicare Game Plan; Key Questions and Answers to Long-Term Care; Why You Should Think About Inheritance; Wills, Trusts & Taking Care of Your Family. A little planning and foresight can go a long way toward making sure your hopes and ideals for retirement don't collide with harsh economic, financial, and health-related realities. Baby Boomer Survival Guide will give you the wherewithal to make your retirement the richest, most fulfilling chapter in the book of your life -- for yourself and your loved ones."-- Publisher's description.
Produktdetails
- Produktdetails
- Verlag: Humanix Books
- Seitenzahl: 352
- Erscheinungstermin: 30. März 2021
- Englisch
- Abmessung: 267mm x 178mm x 20mm
- Gewicht: 658g
- ISBN-13: 9781630061555
- ISBN-10: 1630061557
- Artikelnr.: 58589741
- Verlag: Humanix Books
- Seitenzahl: 352
- Erscheinungstermin: 30. März 2021
- Englisch
- Abmessung: 267mm x 178mm x 20mm
- Gewicht: 658g
- ISBN-13: 9781630061555
- ISBN-10: 1630061557
- Artikelnr.: 58589741
Barbara Rockefeller is founder of foreign exchange forecasting firm Rockefeller Treasury Services, has over twenty years of financial institution experience in all aspects of foreign exchange, including trading, analysis, and risk management. She has a Bachelor’s Degree from Reed College in Portland, OR, and a Master’s in International Affairs from Columbia University in New York City. Rockefeller has authored four books, and writes a monthly column for Currency Trader, as well as articles and book reviews for Active Trader and Stocks, Futures, & Options. She lives and works in the Washington DC metro area. https://rts-forex.com
Baby Boomer Survival Guide, Second Edition: Live, Prosper, and Thrive in
Your Retirement
Table of Contents
Introduction..................................................................xv
PART I - Financial Decisions by Barbara Rockefeller
Chapter
1......................................................................3
Getting Started: Taking Stock
* You are Not Alone...............................................5
* Baby Boomer Worries.........................................5
* Will You Outlive Your Savings?...........................6
* How Much Do You Need?.....................................9
* The Monster under the Bed: Long-Term Care......11
* Homelessness.....................................................12
* The Solution.......................................................15
* Calculating the Cost of Retirement......................19
*
Planning..............................................................20
Chapter
2.......................................................................25
Retirement Age
*
Longevity.............................................................25
* What to Do With Your Extra Years........................26
* Retiring Early Is Dangerous to Your Health..........28
* Who Do You Want to Become?..............................30
* Working After Retirement.....................................30
* Changing Jobs Before Retirement.........................32
* Starting Your Own Business after Retirement.......35
*
Resources.............................................................38
Chapter
3...............................................................................41
Social Security
1. The Real Social Security Problem.................................44
2. Final
Debunking...........................................................45
3. How it Works in Practice..............................................46
4. How Your Social Security Benefit is Calculated.............47
5. The Best Age to Apply..................................................50
6. Monthly Benefits at Retirement Age.............................51
7. Cumulative Benefits by Retirement Start Age...............51
8. The
Breakeven.............................................................51
9. Spousal
Benefit............................................................52
10. If You Are
Single..........................................................53
11. Cost-of-Living Adjustments (COLA)..............................56
12. Social Security Optimization Strategies........................58
* 62/70 Strategy...................................................58
* Double Dipping...................................................58
* File and Suspend................................................59
* Start-Over Strategy............................................59
13. Working and Social Security.........................................60
14. Taxing Social Security...................................................61
15. Social Security Disability Benefit Claims on the Rise.....62
16. Other Aspects of Social Security...................................63
Chapter
4................................................................................67
A Place to Call Home in Your Golden Years
17. Homeownership vs. "Real Estate".................................68
18. Cashing
Out..................................................................70
19. Reverse Mortgages.......................................................72
* How Do Reverse Mortgages Work?......................72
20. A Family
Affair..............................................................74
21.
Downsizing...................................................................75
22. Managing the Real Estate Broker..................................76
23. Renting vs.
Buying........................................................79
24. Boomer
Mobility............................................................81
25. On Retiring
Abroad........................................................87
26. So You're Determined to Take The Plunge.....................89
* Real Estate/Housing............................................89
27.
*
Healthcare...........................................................90
* Crime and Violence..............................................91
Chapter
5.................................................................................95
Inheritance
* Why Do We Have Inheritance and Estate Taxes?............96
* Federal Estate
Tax..........................................................99
*
Portability......................................................................100
* Here's How It
Works......................................................100
* State Inheritance
Taxes.................................................101
* The Gift Tax and
Exemptions..........................................102
* Why You Should Think About Inheritance......................103
Chapter
6.................................................................................107
Wills and Trusts
28. Why Do People Fail to Prepare for the Inevitable?..........108
29. Dying Without a
Will.......................................................108
30. The Essence of a
Will......................................................111
31. Writing a
Will..................................................................111
32. Changing and Revoking Your Will....................................113
33. Contesting a
Will.............................................................115
34. Do You Need a Living Trust, Too?....................................117
* What is a Revocable Living Trust?.........................117
* Advantages of a Living Trust.................................119
* Disadvantages of a Living Trust.............................120
* Special Trust
Cases................................................121
35. Generation-Skipping Trusts (GST)...................................122
36. Credit Shelter Trust
(CST)................................................122
37. Charitable Remainder Trusts............................................123
38. Private
Foundations.........................................................124
39. Fiduciary
Duty..................................................................125
Chapter
7....................................................................................129
Trading and Investing: Rules for Success
* Rule 1: Achieve Basic Financial
Literacy............................131
* Rule 2: It's Not Savings Unless It's a Savings Account......133
* Rule 3: Only Greater Risk Boosts Return...........................134
* Rule 4: Leverage Boosts Return but Increases Risk...........135
* Rule 5: Seeking Risk On
Purpose.......................................137
* Rule 6: Avoid Catastrophic Losses, Part
1..........................140
* Rule 7: Avoid Catastrophic Losses, Part
2..........................142
* Rule 8: Learn to Look at
Charts.........................................144
* Rule 9: Conventional Wisdom is (Probably) Bunk..............145
* Rule 10:
Options................................................................146
* Rule 11: Avoid Fraud and
Scams........................................151
40. Avoiding Bad Investments:
* Advice from Credit Analysts.....................................154
Chapter
8.....................................................................................157
Financial Planning
* Planning vs.
Advising.........................................................159
*
Credentials.........................................................................160
* Do Your
Homework............................................................162
* Retirement Investment
Mentors.........................................165
* Retirement
Coaches............................................................165
* Components of a Retirement
Plan.......................................166
* Measuring
Outgo.................................................................166
* Measuring
Income...............................................................169
* Putting Income and Outgo
Together....................................170
* The 4 Percent
Rule...............................................................171
Part II - Considerations for Quality of Life by Nick J. Tate
Chapter
9...............................................................................................................175
The Long and Winding Road to Long-Term Care
41. 7 Key Questions and Answers to Long-Term
Care.........................................177
* No. 1: What Is Long-Term
Care?.........................................................178
* No. 2: Is Such Care
Pricey?.................................................................178
* No. 3: How Much Do Long-Term Insurance Policies
Cost?...................179
* No. 4: Is Insurance The Only
Option?.................................................180
* No. 5: Won't Medicare Pay for Some Long-Term
Care?........................182
* No. 6: What about
Medicaid?..............................................................183
* No 7: How Can You Tell if You're Likely to Need Long-Term
Care?......184
Chapter
10..............................................................................................................................................................................187
The Silver Tsunami
42. The Politics of
Medicare.................................................................................................................................................189
43. The IPAB: "Death Panel" or Expert Board of
Directors?................................................................................................
191
44. "Premium Support" Payments:
* Voucher
Program?...............................................................................................................................................192
45. Coming up with a Medicare Game
Plan...........................................................................................................................192
* No. 1: Who Is Covered by
Medicare?....................................................................................................................193
* No. 2: What Are the Primary Elements of
Medicare?.............................................................................................193
* No. 3: Do You Even Need
Medicare?.....................................................................................................................196
* No. 4: Should You Stick With Your Current Medicare
Plan?...................................................................................197
* No. 5: What Type of Plan Works Best for You and Your
Budget?...........................................................................197
* No. 6: Do You Qualify for a
Discount?...................................................................................................................198
* No. 7: When Can You Sign
Up?.............................................................................................................................198
* No. 8: Are There Certain Rules and Restrictions for First-Time
Enrollees?............................................................199
* No. 9: What If You Don't Like Your
Plan?..................................... 199
* No. 10: What Is the "Donut Hole" in Prescription Drug Coverage, and
Is It Really Closing Under Obamacare?.....199
* No. 11: What Is Supplemental Medicare Coverage and Do You Need
It?...............................................................200
* No. 12: Where Can You Get Unbiased Help and
Information?................................................................................203
* No. 13: Will Cuts To Medicare Advantage Doom the
Program?..............................................................................204
* No. 14: Is a Stand-Alone Medicare Part D Drug Plan Right For
You?......................................................................206
* No. 15: Medicare Scams And How To Avoid
Them.................................................................................................209
Chapter
11........................................................................................................................................................................213
Thinking Through the Unthinkable
* No. 1: What Is a Living
Will?....................................................................................................................................215
* No. 2: What Is a Healthcare
Proxy?.........................................................................................................................216
* No. 3: Can Your Medical POA Be a
Non-Relative?.....................................................................................................217
* No. 4: What Treatments Would You Want - and Not
Want?.....................................................................................218
* No. 5: Why Do You Need to Put It in
Writing?..........................................................................................................220
* No. 6: Should You Update Your Advance Directives
Periodically?.............................................................................221
* No. 7: Can Your Healthcare-Related Documents Be Invalidated or
Challenged as Faulty?........................................222
* No. 8: Can Your Doctor Refuse Any of Your Advance
Directives?..............................................................................222
* No. 9: Are There Other Documents You Might Need to Be Sure Your
Wishes Are Carried Out After You're Gone?.....222
* No. 10: How Can You Help an Older Parent or Relative Make Similar
Plans?.............................................................223
Chapter
12........................................................................................................227
The Lifelong Journey to Health
46. Data from the
Experts.............................................................................228
47. Some Hopeful
Signs................................................................................231
48. Prescriptions for
Health..........................................................................232
49. Screening Recommendations for Men and Women of All Ages.................233
* Avoid
Tobacco...............................................................................233
* Limit
Alcohol.................................................................................233
* Maintain a Healthy
Weight............................................................233
* Eat
Healthy...................................................................................234
* Get
Moving....................................................................................234
* The "Goldilocks Effect" for Heart
Rate...........................................235
* Get Regular Physical
Exams..........................................................236
* Do Something to Manage Stress and Get a Good Night's Sleep......236
50. Screening Recommendations As You
Age................................................237
* Men: 40 and
Older.........................................................................237
* Women: 40 and
Older....................................................................238
* Both sexes: 40 and
Older...............................................................239
* Men: 50 to
65.................................................................................239
* Women: 50 to
65............................................................................239
* Both sexes: 50 to
65.......................................................................240
* Men and Women: Over
65...............................................................241
51. Beyond the "Big
C"...................................................................................241
52. Minding Your Mental
Health......................................................................244
53. 5 Rules to Live
By.....................................................................................245
* No 1:
Exercise.................................................................................245
* No 2: Weight
Control.......................................................................247
* No 3: Mental
Challenges..................................................................248
* No 4: Social
Interactions.................................................................251
* No 5: Cut Down
onStress.................................................................252
54. Beware of Bogus Cancer
Cures..................................................................255
55. Will You Live to
100?.................................................................................258
* Move more, eat
less.........................................................................258
* Banish
stress...................................................................................259
* Rest
up............................................................................................259
* Follow your
bliss..............................................................................259
* Learn new
things.............................................................................259
Chapter
13.................................................................................................................................263
** NEW Healthcare: What Boomers Need to Know
* What Are the Smartest Ways to Budget and Plan for Healthcare Costs in
Retirement?.....272
* Explore Health Savings
Accounts......................................................................................273
* Consider Long-Term Care
Insurance.................................................................................274
* Resolve to Stay
Healthy....................................................................................................274
* Manage Any Chronic Conditions You
Have.........................................................................274
* Become a Comparison Health
Shopper..............................................................................274
* Itemize Medical Deductions on Your
Taxes........................................................................275
* Save on Drug
Costs...........................................................................................................275
* Investigate Insurance
Rebates..........................................................................................275
* Look into Employer Wellness
Programs.............................................................................276
* Other Savings
Options.......................................................................................................276
* Healthcare Spending
Skyrocketing.....................................................................................276
* Avoiding
Scams.................................................................................................................278
* Fraudulent O
Websites......................................................................................................278
* Medicare Scare
Ploys.........................................................................................................279
Chapter
14...................................................................................................................................281
Quality of Life by Barbara Rockefeller and Nick J. Tate
* One Size Does Not Fit
All...................................................................................................286
* Best Places to
Live............................................................................................................287
* Staying
Connected............................................................................................................288
*
Volunteer..........................................................................................................................289
* Groups and
clubs..............................................................................................................290
* Don't Neglect Your Physical
Health...................................................................................290
* Dating over
50..................................................................................................................291
* Adopt a
pet.......................................................................................................................291
* Time
Well-Spent...............................................................................................................292
* Living Long and
Healthy....................................................................................................293
* Lessons from
Centenarians...............................................................................................293
* Strive for
Balance..............................................................................................................296
Afterword....................................................................................................................................299
Appendix
A:.................................................................................................................................301
Unbiased Resources
* State Health Insurance Assistance Programs (SHIP) by
State............................................302
* Patient Advocates, Insurance Ombudsmen by
State...........................................................309
Appendix
B......................................................................321
Assisted-Living Facilities and Nursing Homes
56. How to Choose an Assisted-Living Facility..............321
* Compare Assisted Living to Home Care.........321
* Research and Visit Prospective Facilities......322
* Calculate Costs.............................................323
57. Top 40 Assisted-Living Companies..........................323
58. How to Choose a Nursing Home..............................328
* Do Your Homework.......................................328
* Visit Multiple Times.......................................328
* Ask Questions about What You See...............329
59. Nation's Best Nursing Homes..................................329
60. Additional Resources for Long-Term Care................335
Index................................................................................337
Your Retirement
Table of Contents
Introduction..................................................................xv
PART I - Financial Decisions by Barbara Rockefeller
Chapter
1......................................................................3
Getting Started: Taking Stock
* You are Not Alone...............................................5
* Baby Boomer Worries.........................................5
* Will You Outlive Your Savings?...........................6
* How Much Do You Need?.....................................9
* The Monster under the Bed: Long-Term Care......11
* Homelessness.....................................................12
* The Solution.......................................................15
* Calculating the Cost of Retirement......................19
*
Planning..............................................................20
Chapter
2.......................................................................25
Retirement Age
*
Longevity.............................................................25
* What to Do With Your Extra Years........................26
* Retiring Early Is Dangerous to Your Health..........28
* Who Do You Want to Become?..............................30
* Working After Retirement.....................................30
* Changing Jobs Before Retirement.........................32
* Starting Your Own Business after Retirement.......35
*
Resources.............................................................38
Chapter
3...............................................................................41
Social Security
1. The Real Social Security Problem.................................44
2. Final
Debunking...........................................................45
3. How it Works in Practice..............................................46
4. How Your Social Security Benefit is Calculated.............47
5. The Best Age to Apply..................................................50
6. Monthly Benefits at Retirement Age.............................51
7. Cumulative Benefits by Retirement Start Age...............51
8. The
Breakeven.............................................................51
9. Spousal
Benefit............................................................52
10. If You Are
Single..........................................................53
11. Cost-of-Living Adjustments (COLA)..............................56
12. Social Security Optimization Strategies........................58
* 62/70 Strategy...................................................58
* Double Dipping...................................................58
* File and Suspend................................................59
* Start-Over Strategy............................................59
13. Working and Social Security.........................................60
14. Taxing Social Security...................................................61
15. Social Security Disability Benefit Claims on the Rise.....62
16. Other Aspects of Social Security...................................63
Chapter
4................................................................................67
A Place to Call Home in Your Golden Years
17. Homeownership vs. "Real Estate".................................68
18. Cashing
Out..................................................................70
19. Reverse Mortgages.......................................................72
* How Do Reverse Mortgages Work?......................72
20. A Family
Affair..............................................................74
21.
Downsizing...................................................................75
22. Managing the Real Estate Broker..................................76
23. Renting vs.
Buying........................................................79
24. Boomer
Mobility............................................................81
25. On Retiring
Abroad........................................................87
26. So You're Determined to Take The Plunge.....................89
* Real Estate/Housing............................................89
27.
*
Healthcare...........................................................90
* Crime and Violence..............................................91
Chapter
5.................................................................................95
Inheritance
* Why Do We Have Inheritance and Estate Taxes?............96
* Federal Estate
Tax..........................................................99
*
Portability......................................................................100
* Here's How It
Works......................................................100
* State Inheritance
Taxes.................................................101
* The Gift Tax and
Exemptions..........................................102
* Why You Should Think About Inheritance......................103
Chapter
6.................................................................................107
Wills and Trusts
28. Why Do People Fail to Prepare for the Inevitable?..........108
29. Dying Without a
Will.......................................................108
30. The Essence of a
Will......................................................111
31. Writing a
Will..................................................................111
32. Changing and Revoking Your Will....................................113
33. Contesting a
Will.............................................................115
34. Do You Need a Living Trust, Too?....................................117
* What is a Revocable Living Trust?.........................117
* Advantages of a Living Trust.................................119
* Disadvantages of a Living Trust.............................120
* Special Trust
Cases................................................121
35. Generation-Skipping Trusts (GST)...................................122
36. Credit Shelter Trust
(CST)................................................122
37. Charitable Remainder Trusts............................................123
38. Private
Foundations.........................................................124
39. Fiduciary
Duty..................................................................125
Chapter
7....................................................................................129
Trading and Investing: Rules for Success
* Rule 1: Achieve Basic Financial
Literacy............................131
* Rule 2: It's Not Savings Unless It's a Savings Account......133
* Rule 3: Only Greater Risk Boosts Return...........................134
* Rule 4: Leverage Boosts Return but Increases Risk...........135
* Rule 5: Seeking Risk On
Purpose.......................................137
* Rule 6: Avoid Catastrophic Losses, Part
1..........................140
* Rule 7: Avoid Catastrophic Losses, Part
2..........................142
* Rule 8: Learn to Look at
Charts.........................................144
* Rule 9: Conventional Wisdom is (Probably) Bunk..............145
* Rule 10:
Options................................................................146
* Rule 11: Avoid Fraud and
Scams........................................151
40. Avoiding Bad Investments:
* Advice from Credit Analysts.....................................154
Chapter
8.....................................................................................157
Financial Planning
* Planning vs.
Advising.........................................................159
*
Credentials.........................................................................160
* Do Your
Homework............................................................162
* Retirement Investment
Mentors.........................................165
* Retirement
Coaches............................................................165
* Components of a Retirement
Plan.......................................166
* Measuring
Outgo.................................................................166
* Measuring
Income...............................................................169
* Putting Income and Outgo
Together....................................170
* The 4 Percent
Rule...............................................................171
Part II - Considerations for Quality of Life by Nick J. Tate
Chapter
9...............................................................................................................175
The Long and Winding Road to Long-Term Care
41. 7 Key Questions and Answers to Long-Term
Care.........................................177
* No. 1: What Is Long-Term
Care?.........................................................178
* No. 2: Is Such Care
Pricey?.................................................................178
* No. 3: How Much Do Long-Term Insurance Policies
Cost?...................179
* No. 4: Is Insurance The Only
Option?.................................................180
* No. 5: Won't Medicare Pay for Some Long-Term
Care?........................182
* No. 6: What about
Medicaid?..............................................................183
* No 7: How Can You Tell if You're Likely to Need Long-Term
Care?......184
Chapter
10..............................................................................................................................................................................187
The Silver Tsunami
42. The Politics of
Medicare.................................................................................................................................................189
43. The IPAB: "Death Panel" or Expert Board of
Directors?................................................................................................
191
44. "Premium Support" Payments:
* Voucher
Program?...............................................................................................................................................192
45. Coming up with a Medicare Game
Plan...........................................................................................................................192
* No. 1: Who Is Covered by
Medicare?....................................................................................................................193
* No. 2: What Are the Primary Elements of
Medicare?.............................................................................................193
* No. 3: Do You Even Need
Medicare?.....................................................................................................................196
* No. 4: Should You Stick With Your Current Medicare
Plan?...................................................................................197
* No. 5: What Type of Plan Works Best for You and Your
Budget?...........................................................................197
* No. 6: Do You Qualify for a
Discount?...................................................................................................................198
* No. 7: When Can You Sign
Up?.............................................................................................................................198
* No. 8: Are There Certain Rules and Restrictions for First-Time
Enrollees?............................................................199
* No. 9: What If You Don't Like Your
Plan?..................................... 199
* No. 10: What Is the "Donut Hole" in Prescription Drug Coverage, and
Is It Really Closing Under Obamacare?.....199
* No. 11: What Is Supplemental Medicare Coverage and Do You Need
It?...............................................................200
* No. 12: Where Can You Get Unbiased Help and
Information?................................................................................203
* No. 13: Will Cuts To Medicare Advantage Doom the
Program?..............................................................................204
* No. 14: Is a Stand-Alone Medicare Part D Drug Plan Right For
You?......................................................................206
* No. 15: Medicare Scams And How To Avoid
Them.................................................................................................209
Chapter
11........................................................................................................................................................................213
Thinking Through the Unthinkable
* No. 1: What Is a Living
Will?....................................................................................................................................215
* No. 2: What Is a Healthcare
Proxy?.........................................................................................................................216
* No. 3: Can Your Medical POA Be a
Non-Relative?.....................................................................................................217
* No. 4: What Treatments Would You Want - and Not
Want?.....................................................................................218
* No. 5: Why Do You Need to Put It in
Writing?..........................................................................................................220
* No. 6: Should You Update Your Advance Directives
Periodically?.............................................................................221
* No. 7: Can Your Healthcare-Related Documents Be Invalidated or
Challenged as Faulty?........................................222
* No. 8: Can Your Doctor Refuse Any of Your Advance
Directives?..............................................................................222
* No. 9: Are There Other Documents You Might Need to Be Sure Your
Wishes Are Carried Out After You're Gone?.....222
* No. 10: How Can You Help an Older Parent or Relative Make Similar
Plans?.............................................................223
Chapter
12........................................................................................................227
The Lifelong Journey to Health
46. Data from the
Experts.............................................................................228
47. Some Hopeful
Signs................................................................................231
48. Prescriptions for
Health..........................................................................232
49. Screening Recommendations for Men and Women of All Ages.................233
* Avoid
Tobacco...............................................................................233
* Limit
Alcohol.................................................................................233
* Maintain a Healthy
Weight............................................................233
* Eat
Healthy...................................................................................234
* Get
Moving....................................................................................234
* The "Goldilocks Effect" for Heart
Rate...........................................235
* Get Regular Physical
Exams..........................................................236
* Do Something to Manage Stress and Get a Good Night's Sleep......236
50. Screening Recommendations As You
Age................................................237
* Men: 40 and
Older.........................................................................237
* Women: 40 and
Older....................................................................238
* Both sexes: 40 and
Older...............................................................239
* Men: 50 to
65.................................................................................239
* Women: 50 to
65............................................................................239
* Both sexes: 50 to
65.......................................................................240
* Men and Women: Over
65...............................................................241
51. Beyond the "Big
C"...................................................................................241
52. Minding Your Mental
Health......................................................................244
53. 5 Rules to Live
By.....................................................................................245
* No 1:
Exercise.................................................................................245
* No 2: Weight
Control.......................................................................247
* No 3: Mental
Challenges..................................................................248
* No 4: Social
Interactions.................................................................251
* No 5: Cut Down
onStress.................................................................252
54. Beware of Bogus Cancer
Cures..................................................................255
55. Will You Live to
100?.................................................................................258
* Move more, eat
less.........................................................................258
* Banish
stress...................................................................................259
* Rest
up............................................................................................259
* Follow your
bliss..............................................................................259
* Learn new
things.............................................................................259
Chapter
13.................................................................................................................................263
** NEW Healthcare: What Boomers Need to Know
* What Are the Smartest Ways to Budget and Plan for Healthcare Costs in
Retirement?.....272
* Explore Health Savings
Accounts......................................................................................273
* Consider Long-Term Care
Insurance.................................................................................274
* Resolve to Stay
Healthy....................................................................................................274
* Manage Any Chronic Conditions You
Have.........................................................................274
* Become a Comparison Health
Shopper..............................................................................274
* Itemize Medical Deductions on Your
Taxes........................................................................275
* Save on Drug
Costs...........................................................................................................275
* Investigate Insurance
Rebates..........................................................................................275
* Look into Employer Wellness
Programs.............................................................................276
* Other Savings
Options.......................................................................................................276
* Healthcare Spending
Skyrocketing.....................................................................................276
* Avoiding
Scams.................................................................................................................278
* Fraudulent O
Websites......................................................................................................278
* Medicare Scare
Ploys.........................................................................................................279
Chapter
14...................................................................................................................................281
Quality of Life by Barbara Rockefeller and Nick J. Tate
* One Size Does Not Fit
All...................................................................................................286
* Best Places to
Live............................................................................................................287
* Staying
Connected............................................................................................................288
*
Volunteer..........................................................................................................................289
* Groups and
clubs..............................................................................................................290
* Don't Neglect Your Physical
Health...................................................................................290
* Dating over
50..................................................................................................................291
* Adopt a
pet.......................................................................................................................291
* Time
Well-Spent...............................................................................................................292
* Living Long and
Healthy....................................................................................................293
* Lessons from
Centenarians...............................................................................................293
* Strive for
Balance..............................................................................................................296
Afterword....................................................................................................................................299
Appendix
A:.................................................................................................................................301
Unbiased Resources
* State Health Insurance Assistance Programs (SHIP) by
State............................................302
* Patient Advocates, Insurance Ombudsmen by
State...........................................................309
Appendix
B......................................................................321
Assisted-Living Facilities and Nursing Homes
56. How to Choose an Assisted-Living Facility..............321
* Compare Assisted Living to Home Care.........321
* Research and Visit Prospective Facilities......322
* Calculate Costs.............................................323
57. Top 40 Assisted-Living Companies..........................323
58. How to Choose a Nursing Home..............................328
* Do Your Homework.......................................328
* Visit Multiple Times.......................................328
* Ask Questions about What You See...............329
59. Nation's Best Nursing Homes..................................329
60. Additional Resources for Long-Term Care................335
Index................................................................................337
Baby Boomer Survival Guide, Second Edition: Live, Prosper, and Thrive in
Your Retirement
Table of Contents
Introduction..................................................................xv
PART I - Financial Decisions by Barbara Rockefeller
Chapter
1......................................................................3
Getting Started: Taking Stock
* You are Not Alone...............................................5
* Baby Boomer Worries.........................................5
* Will You Outlive Your Savings?...........................6
* How Much Do You Need?.....................................9
* The Monster under the Bed: Long-Term Care......11
* Homelessness.....................................................12
* The Solution.......................................................15
* Calculating the Cost of Retirement......................19
*
Planning..............................................................20
Chapter
2.......................................................................25
Retirement Age
*
Longevity.............................................................25
* What to Do With Your Extra Years........................26
* Retiring Early Is Dangerous to Your Health..........28
* Who Do You Want to Become?..............................30
* Working After Retirement.....................................30
* Changing Jobs Before Retirement.........................32
* Starting Your Own Business after Retirement.......35
*
Resources.............................................................38
Chapter
3...............................................................................41
Social Security
1. The Real Social Security Problem.................................44
2. Final
Debunking...........................................................45
3. How it Works in Practice..............................................46
4. How Your Social Security Benefit is Calculated.............47
5. The Best Age to Apply..................................................50
6. Monthly Benefits at Retirement Age.............................51
7. Cumulative Benefits by Retirement Start Age...............51
8. The
Breakeven.............................................................51
9. Spousal
Benefit............................................................52
10. If You Are
Single..........................................................53
11. Cost-of-Living Adjustments (COLA)..............................56
12. Social Security Optimization Strategies........................58
* 62/70 Strategy...................................................58
* Double Dipping...................................................58
* File and Suspend................................................59
* Start-Over Strategy............................................59
13. Working and Social Security.........................................60
14. Taxing Social Security...................................................61
15. Social Security Disability Benefit Claims on the Rise.....62
16. Other Aspects of Social Security...................................63
Chapter
4................................................................................67
A Place to Call Home in Your Golden Years
17. Homeownership vs. "Real Estate".................................68
18. Cashing
Out..................................................................70
19. Reverse Mortgages.......................................................72
* How Do Reverse Mortgages Work?......................72
20. A Family
Affair..............................................................74
21.
Downsizing...................................................................75
22. Managing the Real Estate Broker..................................76
23. Renting vs.
Buying........................................................79
24. Boomer
Mobility............................................................81
25. On Retiring
Abroad........................................................87
26. So You're Determined to Take The Plunge.....................89
* Real Estate/Housing............................................89
27.
*
Healthcare...........................................................90
* Crime and Violence..............................................91
Chapter
5.................................................................................95
Inheritance
* Why Do We Have Inheritance and Estate Taxes?............96
* Federal Estate
Tax..........................................................99
*
Portability......................................................................100
* Here's How It
Works......................................................100
* State Inheritance
Taxes.................................................101
* The Gift Tax and
Exemptions..........................................102
* Why You Should Think About Inheritance......................103
Chapter
6.................................................................................107
Wills and Trusts
28. Why Do People Fail to Prepare for the Inevitable?..........108
29. Dying Without a
Will.......................................................108
30. The Essence of a
Will......................................................111
31. Writing a
Will..................................................................111
32. Changing and Revoking Your Will....................................113
33. Contesting a
Will.............................................................115
34. Do You Need a Living Trust, Too?....................................117
* What is a Revocable Living Trust?.........................117
* Advantages of a Living Trust.................................119
* Disadvantages of a Living Trust.............................120
* Special Trust
Cases................................................121
35. Generation-Skipping Trusts (GST)...................................122
36. Credit Shelter Trust
(CST)................................................122
37. Charitable Remainder Trusts............................................123
38. Private
Foundations.........................................................124
39. Fiduciary
Duty..................................................................125
Chapter
7....................................................................................129
Trading and Investing: Rules for Success
* Rule 1: Achieve Basic Financial
Literacy............................131
* Rule 2: It's Not Savings Unless It's a Savings Account......133
* Rule 3: Only Greater Risk Boosts Return...........................134
* Rule 4: Leverage Boosts Return but Increases Risk...........135
* Rule 5: Seeking Risk On
Purpose.......................................137
* Rule 6: Avoid Catastrophic Losses, Part
1..........................140
* Rule 7: Avoid Catastrophic Losses, Part
2..........................142
* Rule 8: Learn to Look at
Charts.........................................144
* Rule 9: Conventional Wisdom is (Probably) Bunk..............145
* Rule 10:
Options................................................................146
* Rule 11: Avoid Fraud and
Scams........................................151
40. Avoiding Bad Investments:
* Advice from Credit Analysts.....................................154
Chapter
8.....................................................................................157
Financial Planning
* Planning vs.
Advising.........................................................159
*
Credentials.........................................................................160
* Do Your
Homework............................................................162
* Retirement Investment
Mentors.........................................165
* Retirement
Coaches............................................................165
* Components of a Retirement
Plan.......................................166
* Measuring
Outgo.................................................................166
* Measuring
Income...............................................................169
* Putting Income and Outgo
Together....................................170
* The 4 Percent
Rule...............................................................171
Part II - Considerations for Quality of Life by Nick J. Tate
Chapter
9...............................................................................................................175
The Long and Winding Road to Long-Term Care
41. 7 Key Questions and Answers to Long-Term
Care.........................................177
* No. 1: What Is Long-Term
Care?.........................................................178
* No. 2: Is Such Care
Pricey?.................................................................178
* No. 3: How Much Do Long-Term Insurance Policies
Cost?...................179
* No. 4: Is Insurance The Only
Option?.................................................180
* No. 5: Won't Medicare Pay for Some Long-Term
Care?........................182
* No. 6: What about
Medicaid?..............................................................183
* No 7: How Can You Tell if You're Likely to Need Long-Term
Care?......184
Chapter
10..............................................................................................................................................................................187
The Silver Tsunami
42. The Politics of
Medicare.................................................................................................................................................189
43. The IPAB: "Death Panel" or Expert Board of
Directors?................................................................................................
191
44. "Premium Support" Payments:
* Voucher
Program?...............................................................................................................................................192
45. Coming up with a Medicare Game
Plan...........................................................................................................................192
* No. 1: Who Is Covered by
Medicare?....................................................................................................................193
* No. 2: What Are the Primary Elements of
Medicare?.............................................................................................193
* No. 3: Do You Even Need
Medicare?.....................................................................................................................196
* No. 4: Should You Stick With Your Current Medicare
Plan?...................................................................................197
* No. 5: What Type of Plan Works Best for You and Your
Budget?...........................................................................197
* No. 6: Do You Qualify for a
Discount?...................................................................................................................198
* No. 7: When Can You Sign
Up?.............................................................................................................................198
* No. 8: Are There Certain Rules and Restrictions for First-Time
Enrollees?............................................................199
* No. 9: What If You Don't Like Your
Plan?..................................... 199
* No. 10: What Is the "Donut Hole" in Prescription Drug Coverage, and
Is It Really Closing Under Obamacare?.....199
* No. 11: What Is Supplemental Medicare Coverage and Do You Need
It?...............................................................200
* No. 12: Where Can You Get Unbiased Help and
Information?................................................................................203
* No. 13: Will Cuts To Medicare Advantage Doom the
Program?..............................................................................204
* No. 14: Is a Stand-Alone Medicare Part D Drug Plan Right For
You?......................................................................206
* No. 15: Medicare Scams And How To Avoid
Them.................................................................................................209
Chapter
11........................................................................................................................................................................213
Thinking Through the Unthinkable
* No. 1: What Is a Living
Will?....................................................................................................................................215
* No. 2: What Is a Healthcare
Proxy?.........................................................................................................................216
* No. 3: Can Your Medical POA Be a
Non-Relative?.....................................................................................................217
* No. 4: What Treatments Would You Want - and Not
Want?.....................................................................................218
* No. 5: Why Do You Need to Put It in
Writing?..........................................................................................................220
* No. 6: Should You Update Your Advance Directives
Periodically?.............................................................................221
* No. 7: Can Your Healthcare-Related Documents Be Invalidated or
Challenged as Faulty?........................................222
* No. 8: Can Your Doctor Refuse Any of Your Advance
Directives?..............................................................................222
* No. 9: Are There Other Documents You Might Need to Be Sure Your
Wishes Are Carried Out After You're Gone?.....222
* No. 10: How Can You Help an Older Parent or Relative Make Similar
Plans?.............................................................223
Chapter
12........................................................................................................227
The Lifelong Journey to Health
46. Data from the
Experts.............................................................................228
47. Some Hopeful
Signs................................................................................231
48. Prescriptions for
Health..........................................................................232
49. Screening Recommendations for Men and Women of All Ages.................233
* Avoid
Tobacco...............................................................................233
* Limit
Alcohol.................................................................................233
* Maintain a Healthy
Weight............................................................233
* Eat
Healthy...................................................................................234
* Get
Moving....................................................................................234
* The "Goldilocks Effect" for Heart
Rate...........................................235
* Get Regular Physical
Exams..........................................................236
* Do Something to Manage Stress and Get a Good Night's Sleep......236
50. Screening Recommendations As You
Age................................................237
* Men: 40 and
Older.........................................................................237
* Women: 40 and
Older....................................................................238
* Both sexes: 40 and
Older...............................................................239
* Men: 50 to
65.................................................................................239
* Women: 50 to
65............................................................................239
* Both sexes: 50 to
65.......................................................................240
* Men and Women: Over
65...............................................................241
51. Beyond the "Big
C"...................................................................................241
52. Minding Your Mental
Health......................................................................244
53. 5 Rules to Live
By.....................................................................................245
* No 1:
Exercise.................................................................................245
* No 2: Weight
Control.......................................................................247
* No 3: Mental
Challenges..................................................................248
* No 4: Social
Interactions.................................................................251
* No 5: Cut Down
onStress.................................................................252
54. Beware of Bogus Cancer
Cures..................................................................255
55. Will You Live to
100?.................................................................................258
* Move more, eat
less.........................................................................258
* Banish
stress...................................................................................259
* Rest
up............................................................................................259
* Follow your
bliss..............................................................................259
* Learn new
things.............................................................................259
Chapter
13.................................................................................................................................263
** NEW Healthcare: What Boomers Need to Know
* What Are the Smartest Ways to Budget and Plan for Healthcare Costs in
Retirement?.....272
* Explore Health Savings
Accounts......................................................................................273
* Consider Long-Term Care
Insurance.................................................................................274
* Resolve to Stay
Healthy....................................................................................................274
* Manage Any Chronic Conditions You
Have.........................................................................274
* Become a Comparison Health
Shopper..............................................................................274
* Itemize Medical Deductions on Your
Taxes........................................................................275
* Save on Drug
Costs...........................................................................................................275
* Investigate Insurance
Rebates..........................................................................................275
* Look into Employer Wellness
Programs.............................................................................276
* Other Savings
Options.......................................................................................................276
* Healthcare Spending
Skyrocketing.....................................................................................276
* Avoiding
Scams.................................................................................................................278
* Fraudulent O
Websites......................................................................................................278
* Medicare Scare
Ploys.........................................................................................................279
Chapter
14...................................................................................................................................281
Quality of Life by Barbara Rockefeller and Nick J. Tate
* One Size Does Not Fit
All...................................................................................................286
* Best Places to
Live............................................................................................................287
* Staying
Connected............................................................................................................288
*
Volunteer..........................................................................................................................289
* Groups and
clubs..............................................................................................................290
* Don't Neglect Your Physical
Health...................................................................................290
* Dating over
50..................................................................................................................291
* Adopt a
pet.......................................................................................................................291
* Time
Well-Spent...............................................................................................................292
* Living Long and
Healthy....................................................................................................293
* Lessons from
Centenarians...............................................................................................293
* Strive for
Balance..............................................................................................................296
Afterword....................................................................................................................................299
Appendix
A:.................................................................................................................................301
Unbiased Resources
* State Health Insurance Assistance Programs (SHIP) by
State............................................302
* Patient Advocates, Insurance Ombudsmen by
State...........................................................309
Appendix
B......................................................................321
Assisted-Living Facilities and Nursing Homes
56. How to Choose an Assisted-Living Facility..............321
* Compare Assisted Living to Home Care.........321
* Research and Visit Prospective Facilities......322
* Calculate Costs.............................................323
57. Top 40 Assisted-Living Companies..........................323
58. How to Choose a Nursing Home..............................328
* Do Your Homework.......................................328
* Visit Multiple Times.......................................328
* Ask Questions about What You See...............329
59. Nation's Best Nursing Homes..................................329
60. Additional Resources for Long-Term Care................335
Index................................................................................337
Your Retirement
Table of Contents
Introduction..................................................................xv
PART I - Financial Decisions by Barbara Rockefeller
Chapter
1......................................................................3
Getting Started: Taking Stock
* You are Not Alone...............................................5
* Baby Boomer Worries.........................................5
* Will You Outlive Your Savings?...........................6
* How Much Do You Need?.....................................9
* The Monster under the Bed: Long-Term Care......11
* Homelessness.....................................................12
* The Solution.......................................................15
* Calculating the Cost of Retirement......................19
*
Planning..............................................................20
Chapter
2.......................................................................25
Retirement Age
*
Longevity.............................................................25
* What to Do With Your Extra Years........................26
* Retiring Early Is Dangerous to Your Health..........28
* Who Do You Want to Become?..............................30
* Working After Retirement.....................................30
* Changing Jobs Before Retirement.........................32
* Starting Your Own Business after Retirement.......35
*
Resources.............................................................38
Chapter
3...............................................................................41
Social Security
1. The Real Social Security Problem.................................44
2. Final
Debunking...........................................................45
3. How it Works in Practice..............................................46
4. How Your Social Security Benefit is Calculated.............47
5. The Best Age to Apply..................................................50
6. Monthly Benefits at Retirement Age.............................51
7. Cumulative Benefits by Retirement Start Age...............51
8. The
Breakeven.............................................................51
9. Spousal
Benefit............................................................52
10. If You Are
Single..........................................................53
11. Cost-of-Living Adjustments (COLA)..............................56
12. Social Security Optimization Strategies........................58
* 62/70 Strategy...................................................58
* Double Dipping...................................................58
* File and Suspend................................................59
* Start-Over Strategy............................................59
13. Working and Social Security.........................................60
14. Taxing Social Security...................................................61
15. Social Security Disability Benefit Claims on the Rise.....62
16. Other Aspects of Social Security...................................63
Chapter
4................................................................................67
A Place to Call Home in Your Golden Years
17. Homeownership vs. "Real Estate".................................68
18. Cashing
Out..................................................................70
19. Reverse Mortgages.......................................................72
* How Do Reverse Mortgages Work?......................72
20. A Family
Affair..............................................................74
21.
Downsizing...................................................................75
22. Managing the Real Estate Broker..................................76
23. Renting vs.
Buying........................................................79
24. Boomer
Mobility............................................................81
25. On Retiring
Abroad........................................................87
26. So You're Determined to Take The Plunge.....................89
* Real Estate/Housing............................................89
27.
*
Healthcare...........................................................90
* Crime and Violence..............................................91
Chapter
5.................................................................................95
Inheritance
* Why Do We Have Inheritance and Estate Taxes?............96
* Federal Estate
Tax..........................................................99
*
Portability......................................................................100
* Here's How It
Works......................................................100
* State Inheritance
Taxes.................................................101
* The Gift Tax and
Exemptions..........................................102
* Why You Should Think About Inheritance......................103
Chapter
6.................................................................................107
Wills and Trusts
28. Why Do People Fail to Prepare for the Inevitable?..........108
29. Dying Without a
Will.......................................................108
30. The Essence of a
Will......................................................111
31. Writing a
Will..................................................................111
32. Changing and Revoking Your Will....................................113
33. Contesting a
Will.............................................................115
34. Do You Need a Living Trust, Too?....................................117
* What is a Revocable Living Trust?.........................117
* Advantages of a Living Trust.................................119
* Disadvantages of a Living Trust.............................120
* Special Trust
Cases................................................121
35. Generation-Skipping Trusts (GST)...................................122
36. Credit Shelter Trust
(CST)................................................122
37. Charitable Remainder Trusts............................................123
38. Private
Foundations.........................................................124
39. Fiduciary
Duty..................................................................125
Chapter
7....................................................................................129
Trading and Investing: Rules for Success
* Rule 1: Achieve Basic Financial
Literacy............................131
* Rule 2: It's Not Savings Unless It's a Savings Account......133
* Rule 3: Only Greater Risk Boosts Return...........................134
* Rule 4: Leverage Boosts Return but Increases Risk...........135
* Rule 5: Seeking Risk On
Purpose.......................................137
* Rule 6: Avoid Catastrophic Losses, Part
1..........................140
* Rule 7: Avoid Catastrophic Losses, Part
2..........................142
* Rule 8: Learn to Look at
Charts.........................................144
* Rule 9: Conventional Wisdom is (Probably) Bunk..............145
* Rule 10:
Options................................................................146
* Rule 11: Avoid Fraud and
Scams........................................151
40. Avoiding Bad Investments:
* Advice from Credit Analysts.....................................154
Chapter
8.....................................................................................157
Financial Planning
* Planning vs.
Advising.........................................................159
*
Credentials.........................................................................160
* Do Your
Homework............................................................162
* Retirement Investment
Mentors.........................................165
* Retirement
Coaches............................................................165
* Components of a Retirement
Plan.......................................166
* Measuring
Outgo.................................................................166
* Measuring
Income...............................................................169
* Putting Income and Outgo
Together....................................170
* The 4 Percent
Rule...............................................................171
Part II - Considerations for Quality of Life by Nick J. Tate
Chapter
9...............................................................................................................175
The Long and Winding Road to Long-Term Care
41. 7 Key Questions and Answers to Long-Term
Care.........................................177
* No. 1: What Is Long-Term
Care?.........................................................178
* No. 2: Is Such Care
Pricey?.................................................................178
* No. 3: How Much Do Long-Term Insurance Policies
Cost?...................179
* No. 4: Is Insurance The Only
Option?.................................................180
* No. 5: Won't Medicare Pay for Some Long-Term
Care?........................182
* No. 6: What about
Medicaid?..............................................................183
* No 7: How Can You Tell if You're Likely to Need Long-Term
Care?......184
Chapter
10..............................................................................................................................................................................187
The Silver Tsunami
42. The Politics of
Medicare.................................................................................................................................................189
43. The IPAB: "Death Panel" or Expert Board of
Directors?................................................................................................
191
44. "Premium Support" Payments:
* Voucher
Program?...............................................................................................................................................192
45. Coming up with a Medicare Game
Plan...........................................................................................................................192
* No. 1: Who Is Covered by
Medicare?....................................................................................................................193
* No. 2: What Are the Primary Elements of
Medicare?.............................................................................................193
* No. 3: Do You Even Need
Medicare?.....................................................................................................................196
* No. 4: Should You Stick With Your Current Medicare
Plan?...................................................................................197
* No. 5: What Type of Plan Works Best for You and Your
Budget?...........................................................................197
* No. 6: Do You Qualify for a
Discount?...................................................................................................................198
* No. 7: When Can You Sign
Up?.............................................................................................................................198
* No. 8: Are There Certain Rules and Restrictions for First-Time
Enrollees?............................................................199
* No. 9: What If You Don't Like Your
Plan?..................................... 199
* No. 10: What Is the "Donut Hole" in Prescription Drug Coverage, and
Is It Really Closing Under Obamacare?.....199
* No. 11: What Is Supplemental Medicare Coverage and Do You Need
It?...............................................................200
* No. 12: Where Can You Get Unbiased Help and
Information?................................................................................203
* No. 13: Will Cuts To Medicare Advantage Doom the
Program?..............................................................................204
* No. 14: Is a Stand-Alone Medicare Part D Drug Plan Right For
You?......................................................................206
* No. 15: Medicare Scams And How To Avoid
Them.................................................................................................209
Chapter
11........................................................................................................................................................................213
Thinking Through the Unthinkable
* No. 1: What Is a Living
Will?....................................................................................................................................215
* No. 2: What Is a Healthcare
Proxy?.........................................................................................................................216
* No. 3: Can Your Medical POA Be a
Non-Relative?.....................................................................................................217
* No. 4: What Treatments Would You Want - and Not
Want?.....................................................................................218
* No. 5: Why Do You Need to Put It in
Writing?..........................................................................................................220
* No. 6: Should You Update Your Advance Directives
Periodically?.............................................................................221
* No. 7: Can Your Healthcare-Related Documents Be Invalidated or
Challenged as Faulty?........................................222
* No. 8: Can Your Doctor Refuse Any of Your Advance
Directives?..............................................................................222
* No. 9: Are There Other Documents You Might Need to Be Sure Your
Wishes Are Carried Out After You're Gone?.....222
* No. 10: How Can You Help an Older Parent or Relative Make Similar
Plans?.............................................................223
Chapter
12........................................................................................................227
The Lifelong Journey to Health
46. Data from the
Experts.............................................................................228
47. Some Hopeful
Signs................................................................................231
48. Prescriptions for
Health..........................................................................232
49. Screening Recommendations for Men and Women of All Ages.................233
* Avoid
Tobacco...............................................................................233
* Limit
Alcohol.................................................................................233
* Maintain a Healthy
Weight............................................................233
* Eat
Healthy...................................................................................234
* Get
Moving....................................................................................234
* The "Goldilocks Effect" for Heart
Rate...........................................235
* Get Regular Physical
Exams..........................................................236
* Do Something to Manage Stress and Get a Good Night's Sleep......236
50. Screening Recommendations As You
Age................................................237
* Men: 40 and
Older.........................................................................237
* Women: 40 and
Older....................................................................238
* Both sexes: 40 and
Older...............................................................239
* Men: 50 to
65.................................................................................239
* Women: 50 to
65............................................................................239
* Both sexes: 50 to
65.......................................................................240
* Men and Women: Over
65...............................................................241
51. Beyond the "Big
C"...................................................................................241
52. Minding Your Mental
Health......................................................................244
53. 5 Rules to Live
By.....................................................................................245
* No 1:
Exercise.................................................................................245
* No 2: Weight
Control.......................................................................247
* No 3: Mental
Challenges..................................................................248
* No 4: Social
Interactions.................................................................251
* No 5: Cut Down
onStress.................................................................252
54. Beware of Bogus Cancer
Cures..................................................................255
55. Will You Live to
100?.................................................................................258
* Move more, eat
less.........................................................................258
* Banish
stress...................................................................................259
* Rest
up............................................................................................259
* Follow your
bliss..............................................................................259
* Learn new
things.............................................................................259
Chapter
13.................................................................................................................................263
** NEW Healthcare: What Boomers Need to Know
* What Are the Smartest Ways to Budget and Plan for Healthcare Costs in
Retirement?.....272
* Explore Health Savings
Accounts......................................................................................273
* Consider Long-Term Care
Insurance.................................................................................274
* Resolve to Stay
Healthy....................................................................................................274
* Manage Any Chronic Conditions You
Have.........................................................................274
* Become a Comparison Health
Shopper..............................................................................274
* Itemize Medical Deductions on Your
Taxes........................................................................275
* Save on Drug
Costs...........................................................................................................275
* Investigate Insurance
Rebates..........................................................................................275
* Look into Employer Wellness
Programs.............................................................................276
* Other Savings
Options.......................................................................................................276
* Healthcare Spending
Skyrocketing.....................................................................................276
* Avoiding
Scams.................................................................................................................278
* Fraudulent O
Websites......................................................................................................278
* Medicare Scare
Ploys.........................................................................................................279
Chapter
14...................................................................................................................................281
Quality of Life by Barbara Rockefeller and Nick J. Tate
* One Size Does Not Fit
All...................................................................................................286
* Best Places to
Live............................................................................................................287
* Staying
Connected............................................................................................................288
*
Volunteer..........................................................................................................................289
* Groups and
clubs..............................................................................................................290
* Don't Neglect Your Physical
Health...................................................................................290
* Dating over
50..................................................................................................................291
* Adopt a
pet.......................................................................................................................291
* Time
Well-Spent...............................................................................................................292
* Living Long and
Healthy....................................................................................................293
* Lessons from
Centenarians...............................................................................................293
* Strive for
Balance..............................................................................................................296
Afterword....................................................................................................................................299
Appendix
A:.................................................................................................................................301
Unbiased Resources
* State Health Insurance Assistance Programs (SHIP) by
State............................................302
* Patient Advocates, Insurance Ombudsmen by
State...........................................................309
Appendix
B......................................................................321
Assisted-Living Facilities and Nursing Homes
56. How to Choose an Assisted-Living Facility..............321
* Compare Assisted Living to Home Care.........321
* Research and Visit Prospective Facilities......322
* Calculate Costs.............................................323
57. Top 40 Assisted-Living Companies..........................323
58. How to Choose a Nursing Home..............................328
* Do Your Homework.......................................328
* Visit Multiple Times.......................................328
* Ask Questions about What You See...............329
59. Nation's Best Nursing Homes..................................329
60. Additional Resources for Long-Term Care................335
Index................................................................................337