5
Introduction
of everything you do. It's all very well and good, of course, to pay your
fair share to enjoy the benefits of living in a modern society, but there's
no reason to pay more than that out of ignorance, is there? That's why we
include a chapter on how to deal intelligently with your tax bill and how to
avoid tipping Uncle Sam unnecessarily.
Book VI: Retiring Comfortably
You see yourself laughing with friends on a boat, perhaps, a merrily clinking
drink in your hand, with a little paper umbrella, recounting stories to cap-
tivated friends? Snapping photos of the Great Pyramid or strolling through
some exotic, colorful bazaar? Or maybe you'd like to do nothing but play golf
everyday and lunch in the sun? Well, we hope we're not the first to tell you
that Social Security isn't going to cover that stuff. When it comes to clichés,
we try to avoid them like the plague, but here's one that is most definitely
true: Failing to plan is planning to fail.
To enjoy your Golden Years to their full extent, you absolutely have to pre-
pare for them, and the sooner the better. Fortunately, retirement plans such
as IRAs, 401(k)s, and 403(b)s are excellent vehicles for doing just that. Also,
if you've been paying off that big house that got you through your full nest
period, there's a way to make that house start paying you back: the reverse
mortgage. The Internet is a great resource in these areas as well.
And once you are retired, that doesn't mean you can slack off on all the financial
tricks and skills you've gained -- or you could very well end up spending your
"retirement" greeting people at your neighborhood supermegacenter. That's
why we have a chapter on great ways of managing your money in retirement.
Book VII: Planning Your Estate and Will
It's just a fact that even if you follow every piece of advice in this book and
end up wealthy and happy beyond your wildest dreams, when it comes time
to head off into the sunset you'll have to leave your possessions behind.
What will happen to your estate? Bad things, possibly, if you are careless.
The more you know about preparing for this eventuality, the more control
you'll have over what happens to your stuff after you're gone. Here we give
you lots of information on the best ways to gain and keep that control. And in
many cases it's not just you that you have to worry about, which is why we
include a chapter on taking care of aging parents.