How Can I Retire If I Am 62 and Broke?
By Dale Maley
()
About this ebook
Most retirement books assume you have time to save and accumulate money or you already have a significant net worth. Most of the 67 million Baby Boomers who are approaching retirement age have run out of time to save and accumulate more wealth. This short story explores the options available to people reaching retirement age who are broke. After reading this short story, you will be able to make your own well-informed decision on how to optimize your chances of being able to retire.
Dale Maley
Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros. He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning. He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers. He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning. He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990. Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.
Read more from Dale Maley
How to Build a Fascinating Ratcheting Wood Model Rating: 0 out of 5 stars0 ratingsWhat are the Requirements for Becoming a Financial Planner? Rating: 0 out of 5 stars0 ratingsShould Immediate Annuities Be a Tool in Your Retirement Planning Toolbox? Rating: 0 out of 5 stars0 ratingsFinancial Planning for Medical Doctors Rating: 5 out of 5 stars5/5What Is The Optimum Method to Convert a Retirement Portfolio Into Income? Rating: 0 out of 5 stars0 ratingsBe Very Wary of Equity Indexed Annuities Rating: 0 out of 5 stars0 ratingsHow Do I Estimate Retirement Living Expenses? Rating: 0 out of 5 stars0 ratingsHow Do I Maximize Retirement Income From My Portfolio? Rating: 0 out of 5 stars0 ratingsHow Do I Design My Own Financial Plan? Rating: 0 out of 5 stars0 ratingsFire Your Over-Priced Financial Advisor and Retire Sooner Rating: 5 out of 5 stars5/5How Would Have a Low-Cost Index Fund Approach Worked During the Great Depression? Rating: 0 out of 5 stars0 ratingsHow to Use Psychology to Achieve Your Financial Goals Rating: 0 out of 5 stars0 ratingsHow Asset Allocation Can Help You Achieve Your Financial Goals Rating: 5 out of 5 stars5/5Rules of Thumb or Retirement Planning Software? Rating: 0 out of 5 stars0 ratingsIndex Mutual Funds: How to Simplify Your Financial Life and Beat the Pros Rating: 0 out of 5 stars0 ratingsWho Are The Bogleheads And Should You Become One? Rating: 0 out of 5 stars0 ratingsWill Reverse Mortgages be the Salvation of Baby Boomer Retirees? Rating: 0 out of 5 stars0 ratingsHow Much Income Do I Really Need in Retirement? Rating: 0 out of 5 stars0 ratingsHow to Cut the Cost of Your Auto and Homeowner's Insurance Rating: 0 out of 5 stars0 ratingsDo I Need an Investment Policy Statement? Rating: 4 out of 5 stars4/5Should Municipal Bonds be a Tool in Your Retirement Planning Toolbox? Rating: 0 out of 5 stars0 ratingsAre 529 Plans Really the Best Way to Save for College? Rating: 0 out of 5 stars0 ratingsIs Portfolio Rebalancing Worth It? Rating: 0 out of 5 stars0 ratingsHow to Save and Invest for Retirement Rating: 0 out of 5 stars0 ratingsHow Do You Know When We Are In A Financial Bubble? Rating: 0 out of 5 stars0 ratingsDo I Need a Letter of Instruction for My Heirs? Rating: 0 out of 5 stars0 ratingsMy Journey of Digitizing 50 Year Old Family Slides Rating: 0 out of 5 stars0 ratingsWhat Safety Factor Are You Using for Your Retirement Plan? Rating: 0 out of 5 stars0 ratingsHow to Read Your Way to Financial Wealth Rating: 0 out of 5 stars0 ratings
Related to How Can I Retire If I Am 62 and Broke?
Related ebooks
Should My Asset Allocation Include My Pension and Social Security? Rating: 0 out of 5 stars0 ratingsHow Do I Estimate Retirement Living Expenses? Rating: 0 out of 5 stars0 ratingsHow Do I Design My Own Financial Plan? Rating: 0 out of 5 stars0 ratingsFire Your Over-Priced Financial Advisor and Retire Sooner Rating: 5 out of 5 stars5/5Strategies for a Successful Retirement: Before, During, & After Rating: 0 out of 5 stars0 ratingsHow Much Income Do I Really Need in Retirement? Rating: 0 out of 5 stars0 ratingsEnough Bull: How to Retire Well without the Stock Market, Mutual Funds, or Even an Investment Advisor Rating: 3 out of 5 stars3/5Roadmap to Retirement Security: How to Build and Conserve Retirement Wealth Rating: 0 out of 5 stars0 ratingsHow Do I Maximize Retirement Income From My Portfolio? Rating: 0 out of 5 stars0 ratingsWhere's My Money?: Secrets to Getting the Most out of Your Social Security Rating: 0 out of 5 stars0 ratingsWhy We Don't Save Enough for Retirement and How You Can Save More Rating: 5 out of 5 stars5/5Mutual Fund Small Caps: The Better Choice Rating: 0 out of 5 stars0 ratingsThe 4% Rule and Safe Withdrawal Rates in Retirement: Financial Freedom for Smart People Rating: 5 out of 5 stars5/5Annuities vs. Income Investing: Don’t Bet Against Yourself: Financial Freedom, #107 Rating: 0 out of 5 stars0 ratingsIncome for Life: The Retiree's Guide to Creating Income From Savings Rating: 0 out of 5 stars0 ratingsHow to Control Your Financial Destiny Rating: 0 out of 5 stars0 ratingsHow to Use Psychology to Achieve Your Financial Goals Rating: 0 out of 5 stars0 ratingsPensionless: The 10-Step Solution for a Stress-Free Retirement Rating: 4 out of 5 stars4/5Retire Early Rating: 2 out of 5 stars2/5Dividend Investing: Back to Basics: MFI Series1, #166 Rating: 0 out of 5 stars0 ratingsDGI vs. BGI: Dividend Growth Investing vs. Bond Growth Investing: Financial Freedom, #53 Rating: 0 out of 5 stars0 ratingsGet Rich with Frugal Living Rating: 0 out of 5 stars0 ratings5 Mistakes Your Financial Advisor Is Making and the Questions They Dread Having You Ask Rating: 0 out of 5 stars0 ratingsHow to Find a Good Financial Planner Rating: 0 out of 5 stars0 ratingsDo I Need Ten, Twenty, or Thirty Times my Income to Retire? Rating: 0 out of 5 stars0 ratingsMind over Money: Why understanding your money behaviour will improve your financial freedom Rating: 0 out of 5 stars0 ratingsSaving & Investing with $1,000 Per Month: Financial Freedom, #159 Rating: 0 out of 5 stars0 ratingsHow Do I Select the Correct Risk Level for My Portfolio? Rating: 0 out of 5 stars0 ratings
Personal Finance For You
The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5Financial Feminist: Overcome the Patriarchy's Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5The Millionaire Next Door Rating: 4 out of 5 stars4/5Die With Zero: Getting All You Can from Your Money and Your Life Rating: 4 out of 5 stars4/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Rich Dad Poor Dad Rating: 5 out of 5 stars5/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5The Black Girl's Guide to Financial Freedom: Build Wealth, Retire Early, and Live the Life of Your Dreams Rating: 5 out of 5 stars5/5Personal Finance For Dummies Rating: 4 out of 5 stars4/5Same as Ever: Timeless Lessons on Risk, Opportunity and Living a Good Life Rating: 5 out of 5 stars5/5Get the Hell Out of Debt: The Proven 3-Phase Method That Will Radically Shift Your Relationship to Money Rating: 5 out of 5 stars5/5Principles: Life and Work Rating: 4 out of 5 stars4/5Rich Dad's Cashflow Quadrant Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Summary of R. Nelson Nash's Becoming Your Own Banker Rating: 0 out of 5 stars0 ratingsGood to Great: Why Some Companies Make the Leap...And Others Don't Rating: 4 out of 5 stars4/5The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime Rating: 5 out of 5 stars5/5Legal Loopholes: Credit Repair Tactics Exposed Rating: 4 out of 5 stars4/5Money. Wealth. Life Insurance. Rating: 5 out of 5 stars5/5Summary of I Will Teach You To Be Rich: by Ramit Sethi | Includes Analysis Rating: 3 out of 5 stars3/5Girls That Invest: Your Guide to Financial Independence through Shares and Stocks Rating: 5 out of 5 stars5/5Win In Court Every Time Rating: 5 out of 5 stars5/5
Reviews for How Can I Retire If I Am 62 and Broke?
0 ratings0 reviews
Book preview
How Can I Retire If I Am 62 and Broke? - Dale Maley
How Can I Retire If I Am 62 and Broke?
by
Dale C. Maley
SMASHWORDS EDITION
* * * * *
PUBLISHED BY:
Artephius Publishing on Smashwords
How Can I Retire If I Am 62 and Broke?
Copyright © 2011 by Dale C. Maley
All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system, or transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise) without the prior written permission of both the copyright owner and the above publisher of this book.
*****
Table of Contents
Chapter 1
Historical Wealth Distribution
Chapter 2
Alternatives
Chapter 3
Working Longer
Chapter 4
Reduce Expenses
Chapter 5
Down-Size Your Home
Chapter 6
Sell Home and Rent
Chapter 7
Move to a Lower Cost State
Chapter 8
Move to a Lower Cost Country
Chapter 9
Exchange Your House for an RV
Chapter