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Ralph E. Warner - Get a Life: You Dont Need a Million to Retire Well

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Get a Life: You Dont Need a Million to Retire Well: summary, description and annotation

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Warner takes on the financial service industrys maxim that to avoid financial destitution in old age, Americans need to put aside larger sums of money that they are currently doing. Warner also advises readers on a number of other ways to enjoy the retirement years, including maintaining good health, having friends and close family ties, and enjoying varied interests and activities. Illustrations.

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Page i Get a Life You Dont Need a Million to Retire Well 2nd edition - photo 2
Page i
Get a Life
You Don't Need a Million to Retire Well
2nd edition
By Ralph Warner
N O L O P R E S S Get a Life You Dont Need a Million to Retire Well - image 3 B E R K E L E Y
Page ii
Your Responsibility When Using a Self-Help Law Book
We've done our best to give you useful and accurate information in this book. But laws and procedures change frequently and are subject to differing interpretations. If you want legal advice backed by a guarantee, see a lawyer. If you use this book, it's your responsibility to make sure that the facts and general advice contained in it are applicable to your situation.
Keeping Up to Date
To keep its books up to date, Nolo Press issues new printings and new editions periodically. New printings reflect minor legal changes and technical corrections. New editions contain major legal changes, major text additions or major reorganizations. To find out if a later printing or edition of any Nolo book is available, call Nolo Press at 510-549-1976 or check the catalog in the Nolo News, our quarterly newspaper. You can also contact us on the Internet at www.nolo.com.
To stay current, follow the "Update" service in the Nolo News. You can get a free one-year subscription by sending us the registration card in the back of the book. In another effort to help you use Nolo's latest materials, we offer a 25% discount off the purchase of the new edition of your Nolo book when you turn in the cover of an earlier edition. (See the "Special Upgrade Offer" in the back of the book.) This book was last revised in: February 1999.
SECOND EDITION
Second printing
FEBRUARY 1999
Editors
MARY RANDOLPH, STEPHANIE
HAROLDE & TERRI HEARSH
Illustrations
MARI STEIN
Cover Design
TONI IHARA
Book Design
TERRI HEARSH
Production
STEPHANIE HAROLDE
Index
SUSAN CORNELL
Proofreading
JOE SADUSKY
Printing
CUSTOM PRINTING COMPANY

Warner, Ralph E.
Get a life : you don't need a million to retire well / by Ralph
Warner. -- 2nd ed.
p. cm.
Includes index.
ISBN 0-87337-424-X
1. Retirement income--United States--Planning. 2. Old age
pensions--United States. 3. Social security--United States.
4. Individual retirement accounts--United States. 5. Finance,
Personal--United States. I. Title
HD7125.W375 1998
332.024'01--dc21 97-30443
CIP
Permissions:
Material from The Art of Friendship, by Christine Leefeldt and Ernest Callenbach, which appears in Chapter 4, is used with the permission of the authors. Material from Simple Living Investments, by Michael Phillips and Catherine Campbell, which appears in Chapter 4, is used with the permission of the authors and Clear Glass Publishing of San Francisco, CA.
Copyright 1996 and 1998 by Ralph Warner. ALL RIGHTS RESERVED. PRINTED IN THE USA.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher and the author.
For information on bulk purchases or corporate premium sales, please contact the Special Sales Department. For academic sales or textbook adoptions, ask for Academic Sales. Call 800-955-4775 or write to Nolo Press, Inc., 950 Parker Street, Berkeley, CA 94710.
Page iii
Acknowledgments
Many people have generously helped me deepen my understanding of what it really means to enjoy a successful retirement and how people in midlife can best prepare to enjoy life after 65. In both regards, I'm particularly indebted to Ernest Callenbach, Afton Crooks, Bernie and Bob Giusti, Arthur Levenson, Babette Marks, Henry and Althea Perry, Hazel Peterson, Yuri Shibata, Cecil Stewart and Peter Wolford, whose fascinating observations appear throughout this book. I'm sure you'll agree that this would be a far lesser work without their wisdom.
I have also received valuable suggestions and guidance from Leslie Armistead of the Career Action Center, Palo Alto, California; Gail Drulis, Director of the Albany, California YMCA; Doris Sloan, a friend from the Board of Directors of the Save San Francisco Bay Association and Amy Ihara, my inimitable and inspirational mother-in-law.
Thanks, too, to Linda Hanger, Denis Clifford, Naomi Puro, Rod Duncan and Sarah Stromeyer, all of whom made helpful contributions to my research and fact-gathering efforts.
Much inspired research for this book was done by Stanley Jacobsen, a twice-retired librarian who, at age 70+, cheerfully arrives at work at Nolo Press every morning at least an hour early. Stan's skill at mining online databases for golden nuggets about retirement and aging has been particularly helpful.
I'm also greatly indebted to Michael Phillips and Catherine Campbell, whose groundbreaking little book,
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