The Complete Guide to Investing During Retirement: Turn Your Savings Into Earnings

The Complete Guide to Investing During Retirement provides retirees with the knowledge and confidence needed to join the stock market later in the game. Financial expert Thomas Maskell secures readers’ investments as he introduces stock market procedures and terminology, helps retirees increase their investments to multiply their account value, ignores standard Wall Street rhetoric and trains them to become their own investment experts, and leads them on the path of short-term buying and selling success. This vital stock, investing, and trading information is delivered to readers in an accessible and understandable way. Retirees can now focus on enjoying retirement—rather than affording it.

Introduction:

Americans are notorious nonsavers. The average savings rate in America is less than 5 percent, and the average American worker has only $25,000 in savings when he or she retires. Given the median income in America is now about $37,500 a year, $25,000 is a paltry sum of money. If you are one of those average Americans, $25,000 won’t add much luster to your golden years.

If you retire at age sixty-two at the median income, your Social Security check will be $802 a month. Eight hundred and two dollars a month and $25,000 in the bank isn’t going to cut it. You’ll need much more—a pension or a rich relative. Without those, you will have to delay your retirement. Unfortunately, your present employer may not let you. There are rules. If the rules are against you, you’ll have to take a low-strain, low-wage job. It is a very depressing end to a productive career.

Of course, you might be one of the lucky ones with a plump pension from one of the big companies like General Motors, Boeing, General Electric, or the government. Or you might have worked for a small, innovative company that established a 401(k) retirement plan. If you are among those few, you have choices. Combining your 401(k) or pension with your Social Security and savings may provide enough money to pay the bills and cover emergencies. Thus, working beyond age sixty-two becomes a choice. You work to fill the idle hours. You work to fulfill a dream. Or you work to earn the luxuries like gifts for the grandchildren, annual vacations, weekly entertainments, and dinners out. You work because you want to, not because you have to.

Statistics say the lucky ones are, at best, half the population. The other half isn’t retired—they continue to work at low-wage jobs. If you have to work during your retirement, why step down?Why not step up? Why not work where the sky is the limit, at a job like the kind you had when you were young and just starting out? There were skills to learn, challenges to meet, promotions to win, and money to make. You weren’t winding down; you were building up. This is a book about building up.

Contents:

• Taking Stock of Yourself
• Understanding Money, the Stock Market, and the Economy
• It’s Not as Risky as You Think
• The Rewards of the Game
• Stock Market Opportunities
• Your Stock Buying and Selling Business
• Tools of the Trade
• Taking the Measure of the Market
• Your Guide to Investing
• Your Guide to Stock Trading
• Your Guide to Speculating
• Putting It All Together

The Complete Guide to Investing During Retirement: Turn Your Savings Into Earnings By Thomas Maskell pdf