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Engineering Your Retirement

Mike Golio
IEEE Press • 223 pages; $34.95
ISBN: 978-0-471-77616-1

This book should be of interest to anyone looking forward to retiring comfortably on one’s own schedule. It is the result of the author’s research as well as countless discussions with technical professional retirees. It addresses topics of concern and high priority to anyone considering careful planning of retirement.

The first chapter describes the retirement options: how much is needed to retire and how long will it take to save enough money as well as learning one’s own life values. Chapter 2 offers analysis tools and calculations. Chapter 3 considers spending and living below one’s means. Chapter 4 investigates emergency funds and insurance, such as medical insurance and healthcare budgets, personal financial concerns and the necessary documents. Chapter 5 reviews diverse investment possibilities, such as bonds, stocks, real estate, annuities, pension plans, cash and certificates of deposit, Social Security, mutual funds and commodities, while Chapter 6 develops an investment plan which includes eliminating bad debt, investment issues, tax-advantaged accounts and free money, taxable investments and taxes. The last two chapters consider more personal issues, such as “What will I do when I retire?” and some final issues: where to live, sources of income and taxes. The text examines the primary issues of each topic and then points to more detailed references. A complementary web site, www.golio.net, provides supplemental data, tools, spread sheets and analysis organized according to the table of contents. Three appendices list: Web site URLs: Information, Online Calculators and Software, Fundamental Financial Equations, and a Longevity Table.