Your Next Chapter: A Woman's Guide to Successful Retirement is written to help women make sound decisions as they navigate this most important stage in their lives--retirement. This book helps women navigate successfully through this time of major transition in their lives, both emotionally and financially. Your Next Chapter is written by women for women and focuses on issues women need to address so they can have a sustainable and rewarding future. Your Next Chapter provides important information to help women make the necessary decisions as they consider the many options before them. To illustrate these issues, the authors present detailed scenarios of four hypothetical women in various situations in different geographic locations as they approach retirement. Among the topics examined:
What does retirement mean for me?
How should I revise my investment and estate plans?
How will my emotional and physical health be impacted by retirement?
Why your planning should be flexible and adaptable as your needs and desires change.
Financial planner Alexandra Armstrong, CFP® and psychologist Mary R. Donahue, the authors, have worked with women for decades helping them make sound decisions about their personal and financial lives. Their previous bestselling book, On Your Own: A Widow's Passage to Emotional and Financial Well-Being is now in its 5th edition. In this latest collaboration, Alex and Mary again help women move successfully through a time of major transition in their lives.
Alexandra Armstrong is a native Washingtonian whose father died when she was 8 and her mother was 48. Due to a lack of money her mother went to work for the first time and they struggled to make ends meet. Alex graduated from Newton College of the Sacred Heart on a scholarship. Her first job was as a secretary in the research department of Ferris & Company, a brokerage firm in Washington. As Alex advanced in her career she found herself working more and more with single women, particularly widows. In the process, Alex earned her certified financial planner designation (the first in Washington DC) and started working with her own clients. Two of her early clients were George and Mary Donahue. When Mary was suddenly widowed she turned to Alex for help. Over the years they worked together and became personal friends.
Alex read books which dealt with the financial side of widowhood or the emotional side but not the two together. She asked Mary, a psychologist, to work with her on this unique book which dealt with both parts of the recovery.
The first edition came out in 1993. Mary and Alex went on a nine city book tour, appeared on Good Morning America and sold 25,000 copies of "On Your Own". As tax laws and investment opportunities changed, they issued three other revised and updated editions of the book This new fifth edition reflects the market upheaval and tax changes of 2008--2009 as well as technological changes.
This edition is available in print as well as electronically. We think is our best effort to date and hope it will help any woman, not just widows, gain control of her future.
I know the author from Reading Better Investing magazine over the years. I loved and appreciated the financial advice particularly, although the psychological was dealt with also. With the four sample families the authors lead us thru the chapters, the points were well illustrated. A very readable review of retirement issues.
Overall great book. A wealth of practical advice and well suited to a woman to woman conversation. The less one start was because I didn’t find the 4 stories to follow like this was part novel was simply not necessary to illustrate examples like mini stories for 4 protagonists after each chapter.