The new roadmap to financial longevity, from longtime TODAY show financial editor and New York Times bestselling author, Jean Chatzky.
Pre-order your copy today:
Advance praise for The Forever Paycheck
“Jean Chatzky is one of the greatest financial educators of our time, and this book can help anyone make sense of one of life’s toughest problems: funding and enjoying retirement.”
“Jean Chatzky has built the playbook the personal finance industry should have written a generation ago. The Forever Paycheck takes the question every retiree quietly carries—am I going to be okay—and turns it into something you can actually engineer.”
“Jean Chatzky nails the fear so many people are carrying: you can do “everything right” for decades… and still have no clue how to turn your savings into a paycheck you can count on for life. The Forever Paycheck is the clear, step-by-step plan that will help you stop guessing, stop stressing, and start using your money with confidence. I’ll be sending copies of this book to my friends and my kids.”
“The Forever Paycheck demystifies the hardest problem in personal finance: how to turn a pot of savings into a reliable stream of retirement income. Packed with concrete strategies, this book is a treasure trove for retirees aiming to maximize their lifestyles and make their money last.”
“Money can’t buy happiness, but it can buy many things that contribute mightily to a happy life. In this clear, compelling, and practical guide, Jean Chatzky shows us how using our money to fund a Forever Paycheck can help us create the happiest retirement possible.”
The Forever Paycheck
The new retirement strategy to spend more, worry less, and never run out of money
Retirement is in crisis. 61% of adults are worried they won’t have
enough money to support them in retirement. 84% of Gen-Xers are
“concerned or terrified about having no more paychecks in
retirement.” 74% of the non-retired Baby Boomers who preceded them
and 79% of the Millennials who follow feel the same way.
Read the full synopsis
You’ve been saving for retirement for decades: paying yourself first, maxing out your 401(k) or IRA contributions, compromising on things you want today in order to make tomorrow possible. But what happens when you get to the end of your earning years? How do you take the money you’ve amassed and not only make it last as long as you do, but do it in a way that brings you the most fulfillment and the least amount of stress?
This is something that you simply cannot afford to get wrong. If you do, you’ll either run out of money before you run out of time, or you’ll discover years too late that you didn’t use your money as much as you could have to enjoy your life.
The solution is right here. It’s a paycheck that lasts for the rest of your life: a Forever Paycheck. With the power of a Forever Paycheck comes a simple, revelatory truth: you can spend more, and do more, than you think you can.
It’s a revolutionary concept. The data shows that people entering retirement often can’t bring themselves to spend. But when their money comes as a steady monthly paycheck, they feel much more confident in using it to live life to the fullest. Many find they can spend double with no risk of running out. New research shows that a Forever Paycheck is even associated with better health, lower chances of disability, and a substantially longer lifespan.
Whether you plan to work to 50 or 75, have a small 401(k) or a large stock portfolio, like to take risks with your money or always play it safe, bestselling author and financial expert Jean Chatzky provides a step-by-step plan for making your money work for you. Written in collaboration with AARP, The Forever Paycheck is packed with the information you need to plan for the future you want.
What this book will teach you:
- How to make your retirement money last as long as you do — guaranteed
- Why assets (401(k) balances) ≠ income (paychecks), and why you need the latter even after you stop working
- How to structure your nest egg so you can spend more — often double what you thought — no matter how much you start with
- When is the right time to take Social Security for you depending on your marital status, work history, age and more
- Why you haven’t made a will even though you’ve been thinking about it forever
- Whether it’s better to help your adult kids now or leave them an inheritance later
- What your personality — specifically your attitude toward risk and whether or not you have massive FOMO — has to do with all of this
- How to get back on your feet and save your retirement if everything goes wrong
- Why getting this wrong means you could run out of money or miss out on a more joyful retirement
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