Looking ahead to retirement? Depending on your circumstances and your age, you may no longer have any margin for error. And your emotions and irrational behavior could be perpetuating a dangerous cycle of overspending and rising debt that may shatter whatever vision of retirement you still have. Welcome to the world of Retirementology. Retirementology bridges retirement planning with investor psychology and the market Meltdown of 2008 to produce an entirely new way of thinking about how we spend, how we save, how we borrow, and how we invest. Financial mistakes are deeply rooted in human nature, but you may be able to overcome them--if you understand the breakthrough principles of behavioral economics and apply them in your own retirement planning. Dr. Gregory Salsbury identifies some of the classic cognitive biases and behavioral mistakes most of us keep making when it comes to retirement planning. For example: Why will people drive 45 minutes to use a $2.00 coupon? Why won't people sell a poor performing stock just because they inherited it from grandma? Why do people spend differently with a credit card than they do with cash? Why do people believe that they paid no income taxes because they received a refund? You'll learn why the financial meltdown has amplified the impact of these all-too-human cognitive mistakes and discover ideas for addressing them. The bottom line for your bottom line is that retirement can no longer be ignored, viewed as a single event, relegated to a “zone,” or romanticized. Instead, you must understand how every spending and financial decision you make from here on can impact the way you will spend your golden years. Retirementology attempts to help you do just that. Retirement planning: right brain versus left brain Why these different areas of the brain impact financial decisions--and what to do about it It's real money! “De-layering” your finances How to overcome the psychological tricks that separate you from your money Family matters: managing financial support decisions for your extended family Choosing between your family or your retirement Get “long-term smart” How longevity, inflation, volatility, and your own expectations impact your retirement goals

Retirementology rethinking the American dream in a new economy. - Description based on print version record

Salsbury, Gregory B. (Gregory Brandon)

Globe Fearon Educational Publishing

Longman Publishing

Cengage Gale

Upper Saddle River, N.J, New Jersey, 2010

United States, United States of America

Upper Saddle River, N.J, c2010

Illustrated, 2010

1, PS, 2010

obscured text on back cover

Includes bibliographical references and index.

<p><p>&ldquo;a Superb Introduction To The Necessary Financial Planning No American Over 40 Can Afford To Ignore.&rdquo;<p>publishers Weekly<p> <p>&ldquo;it&rsquo;s Time For Many Individual Investors To Make Some Hard Choices. Baby Boomers Are Learning To Deal With The Fact That They Really Can&rsquo;t Have It All&#151;at Least Not All At Once. Retirementology Is A Great Guide To Helping Them Think Through Their Plans For Living, Saving, And Spending.&rdquo;<p>marion Asnes, Editor In Chief, Financial Planning Magazine<p>&ldquo;retirementology Applies Behavioral Finance To Retirement Planning And Finds We All Could Be Doing A Lot Better When It Comes To Making Decisions About Retirement. But Don&rsquo;t Despair&#58; Not Only Does Dr. Salsbury Crisply Describe Our Self-destructive Financial Behavior, He Offers Much More&#151;namely, Ways We Can Improve Financial Decisions. The Book Is A Real Contribution To Both Behavioral Finance And The Field Of Retirement Planning.&rdquo;<p>david Adler, Author Of Snap Judgment<p>&ldquo;retirementology Is An Entertaining, Yet Sobering, Journey Through The Cognitive Errors And Social Biases Harming Our Current And Future Lifestyles. Dr. Salsbury&rsquo;s Book Is Not Just For Retirees Or Those Soon To Retire&#151;the Earlier You Read It, The Better You Can Live!&rdquo;<p>john Nofsinger, Ph.d., Associate Professor Of Finance, Washington State University, And Author Of The Psychology Of Investing<p> <p>looking Ahead To Retirement? Depending On Your Circumstances And Your Age, You May No Longer Have Any Margin For Error. And Your Emotions And Irrational Behavior Could Be Perpetuating A Dangerous Cycle Of Overspending And Rising Debt That May Shatter Whatever Vision Of Retirement You Still Have. Welcome To The World Of Retirementology.<p>retirementology Bridges Retirement Planning With Investor Psychology And The Market Meltdown Of 2008 To Produce An Entirely New Way Of Thinking About How We Spend, How We Save, How We Borrow, And How We Invest. Financial Mistakes Are Deeply Rooted In Human Nature, But You May Be Able To Overcome Them&#151;if You Understand The Breakthrough Principles Of Behavioral Economics And Apply Them In Your Own Retirement Planning.<p>dr. Gregory Salsbury Identifies Some Of The Classic Cognitive Biases And Behavioral Mistakes Most Of Us Keep Making When It Comes To Retirement Planning. For Example&#58; Why Will People Drive 45 Minutes To Use A $2.00 Coupon? Why Won&rsquo;t People Sell A Poor Performing Stock Just Because They Inherited It From Grandma? Why Do People Spend Differently With A Credit Card Than They Do With Cash? Why Do People Believe That They Paid No Income Taxes Because They Received A Refund? You&rsquo;ll Learn Why The Financial Meltdown Has Amplified The Impact Of These All-too-human Cognitive Mistakes And Discover Ideas For Addressing Them.<p>the Bottom Line For Your Bottom Line Is That Retirement Can No Longer Be Ignored, Viewed As A Single Event, Relegated To A &ldquo;zone,&rdquo; Or Romanticized. Instead, You Must Understand How Every Spending And Financial Decision You Make From Here On Can Impact The Way You Will Spend Your Golden Years. Retirementology Attempts To Help You Do Just That.<p>retirement Planning&#58; Right Brain Versus Left Brain<p>why These Different Areas Of The Brain Impact Financial Decisions&#151;and What To Do About It<p> <p>it&rsquo;s Real Money! &ldquo;de-layering&rdquo; Your Finances<p>how To Overcome The Psychological Tricks That Separate You From Your Money<p> <p>family Matters&#58; Managing Financial Support Decisions For Your Extended Family<p>choosing Between Your Family Or Your Retirement<p> <p>get &ldquo;long-term Smart&rdquo;<p>how Longevity, Inflation, Volatility, And Your Own Expectations Impact Your Retirement Goals</p> <h3>publishers Weekly</h3> <p>salsbury (but What If I Live? The American Retirement Crisis) Takes The Burgeoning Field Of Behavioral Finance A Step Further By Applying It To Retirement Planning During An Economic Downturn In This Relevant, Much Needed Book. He Helps Pre-retirees And Retirees Identify Classic Mistakes In Earning, Spending, Saving, Investing, And Borrowing. With Playful Neologisms&mdash;retirewent, Damnesia&mdash;salsbury Re-educates Readers On How To Prepare For Their Golden Years During An Insecure Time, Paying Solid Attention To The Role One's Home Plays In Relation To Retirement, Financial Support For Family Members, Tax Liabilities , And Health Care. Of Particular Interest Is A Chart Identifying Common Financially Unhealthy Traits Such As Procrastination And Overconfidence, The Consequences Of Such Traits, And The Way To Rethink These Traits To Turn Them Into Positives. A Superb Introduction To The Necessary Financial Planning No American Over 40 Can Afford To Ignore. (june)</p>

"A superb introduction to the necessary financial planning no American over 40 can afford to ignore." Publishers Weekly "It's time for many individual investors to make some hard choices. Baby Boomers are learning to deal with the fact that they really can't have it all--at least not all at once. Retirementology is a great guide to helping them think through their plans for living, saving, and spending." Marion Asnes, Editor in Chief, Financial Planning magazine " Retirementology applies behavioral finance to retirement planning and finds we all could be doing a lot better when it comes to making decisions about retirement. But don't despair: Not only does Dr. Salsbury crisply describe our self-destructive financial behavior, he offers much more--namely, ways we can improve financial decisions. The book is a real contribution to both behavioral finance and the field of retirement planning." David Adler, author of Snap Judgment " Retirementology is an entertaining, yet sobering, journey through the cognitive errors and social biases harming our current and future lifestyles. Dr. Salsbury's book is not just for retirees or those soon to retire--the earlier you read it, the better you can live!" John Nofsinger, Ph.D., Associate Professor of Finance, Washington State University, and author of The Psychology of Investing Looking ahead to retirement? Depending on your circumstances and your age, you may no longer have any margin for error. And your emotions and irrational behavior could be perpetuating a dangerous cycle of overspending and rising debt that may shatter whatever vision of retirement you still have. Welcome to the world of Retirementology . Retirementology bridges retirement planning with investor psychology and the market Meltdown of 2008 to produce an entirely new way of thinking about how we spend, how we save, how we borrow, and how we invest. Financial mistakes are deeply rooted in human nature, but you may be able to overcome them--if you understand the breakthrough principles of behavioral economics and apply them in your own retirement planning. Dr. Gregory Salsbury identifies some of the classic cognitive biases and behavioral mistakes most of us keep making when it comes to retirement planning. For example: Why will people drive 45 minutes to use a $2.00 coupon? Why won't people sell a poor performing stock just because they inherited it from grandma? Why do people spend differently with a credit card than they do with cash? Why do people believe that they paid no income taxes because they received a refund? Y ou'll learn why the financial meltdown has amplified the impact of these all-too-human cognitive mistakes and discover ideas for addressing them. The bottom line for your bottom line is that retirement can no longer be ignored, viewed as a single event, relegated to a "zone," or romanticized. Instead, you must understand how every spending and financial decision you make from here on can impact the way you will spend your golden years. Retirementology attempts to help you do just that. Retirement

xiv, 219 p. : 23 cm
Includes bibliographical references and index
Great expectations -- Gold dust on sushi -- The NoZone -- House money -- Family matters -- The tax man will not come knocking -- Under the knife -- Lost in translation -- Long-term smart -- Reterminology: the new language of retirement

Provides advice on retirement for the baby boom generation based on behavioral finance principles, explaining that making poor decisions is ingrained in psychology, and discussing how the reader can change and improve their plans for retirement

2023-06-28