Engineering Your Retirement Retirement Planning for Technology Professionals 1st Edition by Mike Golio ISBN ‎ 0471776165 978-0471776161

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Product details:

ISBN 10: ‎ 0471776165

ISBN 13: 978-0471776161

Author: Mike Golio

 A practical retirement planning resource for engineers, scientists, and mathematicians

In 1995, Dr. Mike Golio, an electrical engineer, became seriously interested in planning for early retirement. In 2003, at the age of 49, he and his wife achieved their goal of financial independence and retired. Engineering Your Retirement is an outgrowth of his research. Whether retirement is imminent or many years off, this valuable guide’s straightforward, analytical approach to financial independence answers the critical questions to achieving successful, comfortable, and meaningful retirement.

Written specifically for professionals in the engineering, science, and math fields, Engineering Your Retirement examines such important questions as:
* How much money will I need to retire?
* How long will it take for me to accumulate it?
* What types of post-retirement activities are available to technical professionals?

Engineering Your Retirement discusses financial independence from the unique cultural view of the technical professional and features many charts, graphs, analytical tools, and equations to help present the financial nuts-and-bolts of retiring in a logical and analytical manner. It offers practical, firsthand advice from an industry expert on:
* Effectively budgeting for investments
* Planning for health insurance
* Choosing a retirement community
* Building up a cash/bond ladder
* Considering inflation
* Portfolio requirements
* Investment allocations
* Paying off a mortgage
* And much more!

Engineering Your Retirement Retirement Planning for Technology Professionals 1st Table of contents:

Introduction

• Why Retirement Planning Is Critical for Technology Professionals

• Understanding the Unique Challenges in the Tech Industry

• The Importance of Early and Strategic Planning

Part I: The Foundations of Retirement Planning

1. Understanding Your Retirement Needs

   • How to Estimate Your Future Living Expenses

   • The Role of Inflation and Healthcare Costs in Retirement Planning

   • Understanding the Longevity Factor: Planning for a Longer Retirement

2. Financial Basics for Retirement Planning

   • Key Retirement Accounts and Their Benefits (401(k), IRA, Roth IRA)

   • Understanding the Power of Compound Interest

   • Tax Implications: How Taxes Affect Your Retirement Savings

3. Setting Retirement Goals and Milestones

   • Defining What Retirement Looks Like for You

   • Setting Achievable Savings Goals

   • Creating a Timeline for Reaching Retirement

Part II: Tailored Strategies for Technology Professionals

4. Maximizing Employer Benefits in Tech Careers

   • Leveraging Stock Options, RSUs, and ESPPs

   • Understanding the Tech Industry’s Unique Compensation Packages

   • Navigating Vesting Schedules and Taxes on Equity

5. Managing a High-Income Career

   • How to Balance a High Salary with Strategic Savings

   • Tax-Advantaged Accounts and Strategies for High Earners

   • Managing the Peaks and Valleys of Tech Compensation: Bonuses, RSUs, and Salary Fluctuations

6. Investing for Retirement: Building Your Portfolio

   • Asset Allocation for Tech Professionals

   • Choosing the Right Investment Vehicles (Stocks, Bonds, Mutual Funds, ETFs)

   • Managing Risk and Diversification in Your Portfolio

7. Understanding the Tech Industry’s Volatility and Your Financial Plan

   • Strategies for Mitigating Job Loss Risk or Industry Disruption

   • How to Adjust Your Plan During Career Transitions (Job Changes, Startups, Early Retirement)

   • Planning for Career Flexibility: Consulting, Freelancing, and Entrepreneurship

Part III: Advanced Retirement Planning Strategies

8. Retirement Planning in the Midst of Tech Career Growth

   • How to Plan for Early Retirement While Growing Your Career

   • The Importance of Balancing Immediate Career Success with Long-Term Planning

   • Planning for Major Career Transitions (Changing Companies, Shifting Industries)

9. Creating a Legacy: Estate Planning and Tax-Efficient Withdrawals

   • Estate Planning for High-Income Tech Professionals

   • The Role of Wills, Trusts, and Beneficiary Designations

   • Tax-Efficient Withdrawal Strategies for Retirement Income

10. Healthcare and Insurance Considerations in Retirement

    • Understanding Healthcare Costs in Retirement

    • Health Savings Accounts (HSAs) and Medical Expense Planning

    • The Role of Medicare and Other Insurance Options in Retirement

Part IV: Lifestyle and Psychological Considerations

11. Maintaining Mental and Physical Health in Retirement

    • How to Plan for the Emotional Transition to Retirement

    • Strategies for Staying Active and Engaged Post-Retirement

    • The Importance of Staying Mentally Sharp: Lifelong Learning and Personal Growth

12. Tech-Specific Retirement Lifestyles

    • How Technology Professionals Can Continue Contributing Post-Retirement (Consulting, Teaching, Volunteering)

    • Exploring Entrepreneurial Ventures and Passion Projects After Retirement

    • Using Technology to Enhance Your Retirement Lifestyle (Health Apps, Travel, Financial Management Tools)

Conclusion

• Staying Flexible: Adapting Your Plan as You Approach Retirement

• The Role of Financial Advisors and Retirement Planning Tools

• Final Thoughts: Making Your Retirement Goals a Reality

Appendices

• Appendix A: Checklist for Creating Your Retirement Plan

• Appendix B: Resources for Further Financial Education

• Appendix C: Sample Retirement Planning Templates and Tools

• Index

 

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Tags:

Mike Golio,Technology Professionals,Retirement Planning