Don't Die Broke: How to Turn Your Retirement Savings Into Lasting Income

Version: Unabridged
Author: Margaret A. Malaspina
Narrator: Susan O'Malley
Genres: Finance
Publisher: Blackstone Audiobooks
Published In: February 2000
# of Units: 6 CDs
Length: 6 hours, 32 minutes
Ratings:
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Overview

"Government lawyers have wrapped your retirement money in red tape. This concise, readable guide will help you unravel it." -John Rothchild, former columnist, Time and Fortune magazines

Considering what's at stake, it's surprising how little we know about the key decisions we'll face concerning the retirement money we've accumulated.

Taking charge of retirement savings presents a whole new and complex set of decisions: Do you accept your employer's offer of a lifetime pension? Or take all your money in one lump sum? Should you leave 401(k) money where it is? Roll it over to an IRA? Are you eligible for special tax treatment that can put more money in your pocket and less in Uncle Sam's? And what about the new Roth IRA? How can you provide for your spouse? And what can you do to transfer wealth to your heirs?

Personal finance writer and financial education expert Margaret Malaspina takes you through all the options and decisions that you'll face when you are ready to retire. This guide can help you get the most out of what you've earned, lower your tax bills, and create a stream of income that will last for the rest of your life.

There are dozens of resources for saving and investing in retirement. This one is different. It's about the one-shot decisions you can, should, and must make when the time comes to take charge of the money you've worked so hard to save. It explains each option, sorts out its pros and cons, and offers sound guidance customized to your own situation. This is the guide that marries vital advice with practical, user-friendly information in an area of retirement planning that few Americans understand.

Reviews (1)

Unless you're about to retire, don't waste your time

Written by Anonymous on March 31st, 2005

  • Book Rating: 2/5

The author takes the 30,000 foot view of how to withdraw your money when you are about the begin retirement. This book contains mostly generalizations that are common sense, but does offer a few tidbits to people who are planning retirement with the next two or three years. It was written around 1999, so much of the tax info, limited as it was, may be out of date. Mostly, I felt that the meat of this acclaimed 266 page book could have been narrowed down to 20 pages.

Author Details

Author Details

Malaspina, Margaret A.

Malaspina is a principal of Malaspina Communications. She is a former vice president at Fidelity Investments.