Often because of high education expenses and loans, empty nesters find themselves poorly prepared to handle the future. This book shows how to prepare for retirement and maximize cash flow using ideas that anyone can implement quickly.
Now that the children have flown the coop, taking full advantage of that empty nest can result in a much more enjoyable lifestyle. This book tells every empty nester how to afford the type of lifestyle that they want while, at the same time, explaining how to invest in order to guarantee that today's lifestyle will be affordable tomorrow. Chapters: saving; profiting from the empty nest; the safety net; social security; coping with a return migration; hobbies; second income; collectibles; passive activities; savings options; investment options; savings on savings with tax deferment; annuities; allocating the assets; investment of strategies; finding a professional; simple estate planing; & developing an ongoing strategy. Glossary.
Finalist, Books for a Better Life Award: “A terrific read that offers parents a new way of thinking and being after their last child leaves home.” —Guy Winch, PhD, author of Emotional First Aid Parents make an enormous emotional and financial investment in raising their children. But children grow up. They move out. They create their own lives and their own homes—and the role of the parent changes, diminishes, and evolves. This life phase has no official name, yet it represents a profound shift from the rigors of daily parenting to a period of self-reflection and reorientation. In this book, Wendy Aronsson centers on that experience, capturing the realities of the emotions and life changes that come on gradually, and sometimes proceed in fits and starts. Refeathering the Empty Nestis for any parent preparing for a grown child’s departure from home and wanting to move forward productively, both in their changed parenting role and in their roles as spouse, employee, friend, neighbor, and self. Using real stories throughout, Aronsson shows how people have managed these changes, how they’ve reignited the passion in their marriages or moved on from bad matches, how they’ve rediscovered old interests and talents, and how they’ve reinvented their relationships with their children as well. These stories provide hope and guidance to anyone whose nest is about to empty, as well as those whose nests already are.
Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
So you've got the basics of your personal finances under control (at leas -- you've controlled your credit card spending, purchased a house, started saving for retirement) but wait! Now that your kids are growing up and your career is moving along, you're facing a whole new set of personal finance challenges. College, weddings, your son or daughter's first car! How to manage these big expenses and still stay afloat?! And how to deal with unexpected changes such as downsizing or a move?! Help is here. The Complete Idiot's Guide to Personal Finance in Your 40s and 50s is the guide you need to everything from helping your kids get on their feet to buying a second home. Coverage includes: Assessing your own financial position in mid-life -- pluses and minusBeing a parent and a blank check -- teaching your kids about moneyPaying for cars, college, weddings and other big parent expensesAssessing and affording your second home, dream home, or vacation homeKeeping your finances in order during a job change -- for the better or worseWhat to think about if you want to start your own businessDivorce and personal financeThinking of the future -- wills, in-laws, aging parents and more!The basics of investing -- in your 40s and 50s. Where to start or how to progress
Rediscover your own identity after your kids leave home with this top-rated empty nest book for moms! This empowering and insightful book is packed with practical advice, inspiring anecdotes, and valuable strategies to help you navigate the transition into empty nesting and discover a vibrant new identity. Written by an experienced author who has been through the journey herself, this book is your trusted companion as you embark on this transformative phase. Whether you're feeling lost, overwhelmed, or uncertain about what lies ahead, From Mom to Me Again offers a roadmap to reclaiming your independence, rediscovering your passions, and embracing the joy and opportunities that come with an empty nest. Inside, you'll find: Practical tips for adjusting to life without children at home, creating a fulfilling routine, and establishing new goals. Inspiring stories from real women who have successfully reinvented themselves after their children have flown the nest. Expert advice on self-care, cultivating new friendships, and exploring new hobbies or career paths. Strategies for nurturing your relationships with your grown children and maintaining a strong bond while giving them space to grow. Guidance on navigating the emotional ups and downs of this transition and finding a renewed sense of purpose. Whether you're a newly empty-nester or have been on this journey for some time, From Mom to Me Again is your go-to resource for embracing change, rediscovering yourself, and living life to the fullest. With its wealth of wisdom, actionable steps, and uplifting guidance, this book is a must-read for every woman ready to embark on a new chapter of her life. Also makes a great gift for empty nesters!
Retirement is a once-in-a-lifetime opportunity to be yourself and do what you want to do. It offers new possibilities for personal growth through learning, retraining, travelling and friendship. But it is also one of the biggest transitions we face, and brings huge psychological and emotional challenges. It's not surprising that many people struggle with the adjustment to a different pace of life. Not Fade Away guides the reader through these challenges: dealing with the loss of status and routine, reinventing relationships, managing money, and above all, finding new meaning and purpose. It brings together expert advice and insights from people retiring now, who speak from the heart about the lessons they've learned and the new sources of fulfilment they've discovered. By cutting a clear path through the maze of choices on offer for people retiring today – which may or may not involve giving up work completely – Not Fade Away inspires you to make up your own mind and take control of your future. And that, experts agree, is the key to a good retirement.
Fully updated 2nd edition! Advance into the perfect retirement for you with Don't Retire...Graduate! Whether retirement is right around the corner or you've just stepped into your professional life, financial independence can feel daunting and unattainable. Stressful money mistakes or debt shouldn't postpone retirement planning until your golden years. The earlier you start, the better - but it's never too late to go back to school and double major in financial independence and retirement readiness at any age! Don't Retire...Graduate! is your degree in fully-fledged financial freedom with a full syllabus of courses that will help you advance, not retreat, into the perfect retirement for you. Now updated for 2024, the 2nd edition of Don't Retire...Graduate! brings you updated strategies for evolving interest rates and investments, including insights on Roth IRAs and an overview of the SECURE Act 2.0. Gain the expertise you need with the assistance of experienced retirement planners. Get answers to powerful financial questions including how to navigate challenges after a global pandemic and legislation impacting personal finance. No matter where you are along your personal finance journey, this guide will meet you there with simple insights for beginners and a step-by-step plan for growing your wealth, your way - so you can graduate into a successful retirement when you're ready! You're about to learn: Three smart investing strategies to free yourself from debt while still paying yourself first. Why risk management and insurance will build security for your financial castle and everyone living in it. The 12 relationship questions to determine if you should keep or break up with your financial advisor, wealth manager, or CFP(R). How to maximize the peak earning years of your career with a crash course in retirement accounts and IRAs. Twenty-one extra credit assignments in financial independence to take you to the top of the class. Discover what "retired" means with the financial literacy you've been missing! If you're ready to get your retirement right and turn financial challenges into rich opportunities with retirement planning like you've never seen before, read Don't Retire...Graduate! now!
Discover New Passion and Purpose after the Kids Leave Home Many women approaching their empty-nest years do so with mixed emotions--feeling grief for what is no more but also excitement for what lies ahead. Barbara Rainey and Susan Yates are seasoned empty nesters, and they know firsthand the ups and downs, the uncertainty and challenges that accompany this new stage of life. Although Mom is a lifelong role, the job description changes significantly when the kids are grown. Questions abound: Who am I now? How do I relate to my kids? How will my marriage be affected? Where am I needed? Every woman in this stage needs to determine her own redefined role as wife, mother, friend, and more. Offering practical advice and biblical guidance, along with inspiring personal stories of women who have discovered how to live a meaningful life during the "second half," Barbara and Susan help you work out how to flourish and thrive in your own empty nests.
Have you ever worried that doubling down on your debt repayment is robbing your family of memories and fun? Or had a major appliance fail, right after splurging on an expensive purchase or vacation? The tension between giving to church or charity and paying for your kids’ tuition or sports equipment is real. Money and life are inextricably linked. They don’t run on independent tracks but rather continually exist together, both of them somehow needing to be handled with steady applications of wisdom and biblical integrity, even when they seem in direct competition. Veteran financial counselor and trusted author Ron Blue helps you navigate the seeming incompatibilities of money management. His liberating, simplifying analysis breaks down all your financial options to a basic four, then shows you how to adeptly keep them spinning alongside each other without leaving you consumed by confusion or regret—in fact, with all your dreams, plans, and principles still intact.