TITLE

The Number

AUTHOR(S)
Eisenberg, Lee
PUB. DATE
January 2006
SOURCE
Number - Business Book Summaries;2006, Vol. 1 Issue 1, p1
SOURCE TYPE
Book Summary
DOC. TYPE
Book Summary
ABSTRACT
Secretly, many people agonize over whether they have enough money put away in order to survive the rest of their lives as they age and "downshift" in jobs toward retirement. According to author Lee Eisenberg, tens of millions of people do not feel they are financially secure in their futures. These issues are addressed in The Number. The Number is defined as the amount of money needed to live out the final days of life. It can be a struggle to discover, and a vague figure people may obsess about, forgetting other aspects of their lives, such as their pursuit of happiness and meaning, in the process. This book helps men and women at mid life to discover what to do with the rest of their lives, how, and at what cost. It provides a look at the tools people use to explore what they'd like to do post-retirement, how to go about building a post-retirement strategy, and how to evaluate the tradeoffs of their choices. People are now living longer than ever and they are facing the challenge of surviving a large number of remaining years in relative comfort. According to Eisenberg, we face dread and denial, and we worry silently about debt, aging, and long-term health care. Retirement looms and many baby boomers today are not financially prepared, and not serious about saving money. Now they're facing the reality about the costs of the second half of life. Ultimately, there are no universal truths about the Number, but Eisenberg contends there are some ten bottom lines. These range from obsessing over the Number, to getting good financial advice, to the waste of energy required in practicing "financial correctness". The question looms large as to what people should do for the rest of their lives, and how much it will take to do so. According to Eisenberg, an unexamined life is almost always more costly than one that is examined.
ACCESSION #
19510185

 

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