Don't Die Broke: How to Turn Your Retirement Savings Into Lasting Income

In Don't Die Broke, Margaret Malaspina offers a careful, practical, step-by-step, effective approach to ensuring proper and profitable management of money. Here is a wealth of useful advice and counsel on making money last, avoiding the need to spend retirement years worrying about financial security. The reader will learn how to turn assets into income; create a monthly paycheck from savings, stocks, and other financial resources; avoid making irreversible mistakes with retirement savings; understand a company's retirement plans, individual retirement accounts (such as the new Roth IRAs); transfer wealth to heirs; and minimize taxes on retirement savings. Don't Die Broke is "must" reading for anyone seeking relief from financial stress in their retirement and eventually being able to leave something to loved ones.

Like so many of my friends, my husband's and my focus has been all about reaching some magic number that would say, ok,now it's safe to retire without going broke... We gave not a thought to how we'd manage the money afterwards. But then we began to hear rumors ... you must do this, you can't do that, and panic set in. Finally, after reading Ms. Malaspina's book, we understand what's really going on (better than we did after talking to our accountant!). I've given this book to friends and even a cousin who was 69-1/2 and didn't have a clue about the need to start drawing on certain retirement savings. This book should be required reading for anyone over 50. Thanks, Bloomberg Press!

Margaret Malaspina has done an incredible service to the taxpaying world in her book. As a Certified Public Accountant, I can attest to fact that dealing with the Internal Revenue Service Code is an extremely difficult process. She has consistently dealt with this complicated and very confusing subject and de-mystified it in a way that heretofore has never been done. As more and more assets of American citizens are finding their way into retirement accounts, the timing of this book is perfect. What might appear to be some type of simple election or investment decision can backfire in terms of significant additional taxes. She attempts and succeeds in identifying these problems and proposing appropriate solutions. I have read it thoroughly and have recommended it to my clients and friends.

This book was a great surprise. I didn't expect to like it, mostly because I hate the very thought of retirement planning and I approach the subject kicking and screaming. Yet it is time, and this book has been an enormous help. It makes the subject at least accessible, if not downright friendly.I note that my enthusiasm differs from the reviewer from Austin, and I'm not sure why. It's true that not every page of "Don't Die Broke" is focused on "How to turn your retirement savings into lasting income" (the tag line on the book's cover), but I didn't have a problem with that. The bottom line is that a few mistakes in the retirement planning area can be very costly, and this book is first and foremost about avoiding those mistakes.A final thought. Only a few readers have given reviews so far. Is that because we're retiring types after all?

Malaspina has taken a very complicated topic and made it easy for the average reader to comprehend the important issues and find answers to questions that face everyone who needs to make a decison about their retirement savings. I had no idea it could be so complicated to get at my own money. Reading this book has enlightened me and helped me avoid some serious mistakes.