Book recommendations on Retirement Planning

I put this under finance but it’s more than that.

We’re still a few years out but I’d like to increase my understanding of some topics. Hoping some of you might have some book recommendations or website suggestions.

Topics include:

1. Annuities
   
2. Drawdown of IRAs and 401ks
3. Required minimum distributions from 401ks
4. Medicare supplement plans
5. Gift taxes
6. Other suggestions…

Thanks in advance!

Jim

There is new organization called FORT which aims at figuring out retirement.  Founders are recent retirees.  They have been meeting monthly at the Woodland. You can contact Amy Stuart at SOMA Two Towns For All Ages for contact information for the founders and more information about what the group has been exploring.

For items 1-3 you may want to meet with a financial planner since everyone's situation is different.  

For item 4, contact SHIP if Medicare coverage is not included in your employer's retirement benefits  For SHIP contact information check out the 2023 Seniors Resource Guide on the SOMA Two Towns For All Ages website.  2024 edition should be going to the printers any day now but information on SHIP has not changed.

For item 5, check with an accountant who does income tax preparation.

“website suggestions”

Jim: This may be of help.You may find one of your questions already answered. A lot of the topics relate to retirement prep. Or you can register and ask your own questions.

https://www.bogleheads.org/forum/index.php?sid=3b86379590a64bf02b9a246b7cc2f684

Vanguard used to have an archive of their past substantive webinars on the topics you mentioned up at their website, but I don’t see that now.

My 2C worth -- and you get what you pay for.

Annuities.... unless you have no heirs, stay away from them. The sales rep is the one who stands to gain the most from them. What you get every month, is based on how long the company expects you to live (annuity tables). Invest the money, instead.

Investment vehicles.   Index vehicles are available for either no, or a small purchase fee. DIA is the stock ticker where you get a share of the Dow Jones Industrial Fund, also known as "The Dow" that you hear reported every day.

SPDR is the ticker symbol for S & P (Standard and Poor) 500 funds. QQQ is the symbol for the NASDAQ fund. Probably the DIA and SPDR are all you need. 15% or more of your income into those two and you will be happy.

Revere mortgages --- unless you have just been diagnosed with stage 3 or 4, stay away from them. They have a foreclosure rate that is 3 times that of traditional mortgages. That means, a lot of people are getting screwed.

dickf3 said:

“website suggestions”

Jim: This may be of help.You may find one of your questions already answered. A lot of the topics relate to retirement prep. Or you can register and ask your own questions.

https://www.bogleheads.org/forum/index.php?sid=3b86379590a64bf02b9a246b7cc2f684

Vanguard used to have an archive of their past substantive webinars on the topics you mentioned up at their website, but I don’t see that now.

Thanks dickf3. This is very helpful.