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Start Preparing for Retirement from Age 50

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English Title Start Preparing for Retirement from Age 50
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Review

Publisher‘s Review

An unplanned retirement is far more dangerous than you imagine! Publicly revealing a 10-year-in-advance practical retirement strategy.

Most people view retirement as a distant future, but an unplanned retirement will arrive faster and with more anxiety than you expect.

In Start Preparing for Retirement from Age 50, financial coach Kim Kyung-pil provides immediately actionable retirement solutions for those who have been putting off retirement planning or who are nearing retirement without any strategy.

This book is not just about money. Retirement is not only the economic shock of a sudden halt in income, but also the mental blow of decades of social life coming to an abrupt end. The author proposes a slow retirement approach to mitigate both shocks: you don’t have to reset everything to zero upon retirement. Even with a modest income, you can continue working and postpone full retirement. He emphasizes the importance of semi-retirement income, which can extend the lifespan of your retirement funds and increase the stability of your later years.

The author argues that people who have worked hard for most of their lives should not have to keep struggling to make a living in their later years. Retirement is not about enduring life, but about re-planning a new stage of life. You need to build a self-fulfilling side career that balances financial stability and life happiness.

He points out that people delay retirement planning because of unrealistic expectations and inherent biases. This book uses objective data and concrete figures to help readers face the real costs of retirement. He clearly states that even if you have 500 million won in retirement funds, it will only last about 13-15 years. This is a sobering reality check for your current planning.

The author emphasizes that retirement planning is not something you complete in a short time. You must start it 10 years before your first retirement. This book covers stable financial management, exploring semi-retirement work, health management, and lifestyle adjustments, providing detailed guidance on what you need to do now and how to do it.

Start Preparing for Retirement from Age 50 transforms vague anxiety into a clear, actionable plan, making retirement no longer something to fear but a future you can plan for. It is an exceptionally practical retirement guide.

Feature

★ After working for 30 years, you may need to fund 40 years of retirement. Kim Kyung-pil, the “Money Buster,” presents the golden 10-year pre-retirement planning window: stable financial management, semi-retirement planning, and monetizing your interests to build a dignified later life.

★ A Retirement Strategy Guide for All Ages: Not only suitable for those approaching retirement at age 50, but also a wake-up call for those in their 30s and 40s who think they have plenty of time—how you plan in the next 10 years will determine your quality of life for the next 40 years.

★ Crafted by the National Economic Mentor: Kim Kyung-pil is a well-known financial coach in South Korea, often called the “Money Buster.” He regularly shares financial strategies through TV programs, YouTube (over 1.15 million subscribers), and in-person lectures, with wit and sharpness.

★ Retirement Planning Is a Complete Life Redesign: The author believes that retirement planning is not just about saving money, but about redesigning your entire life. Only by simultaneously preparing financial reserves, maintaining social relationships, and finding meaning in life can you enjoy a stable and worry-free old age.

★ The Slow Retirement Approach: The golden 10-year pre-retirement planning window introduces the concepts of “slow retirement” and “semi-retirement”—you don’t have to work five days a week, but can balance leisure with a stable income. The latest starting point—allowing time for planning, trial, and adjustment—is 10 years before retirement.

Description

“With only 10 years left until retirement, what should I be doing now?”

In an era where you work for 30 years but may need to fund 40 years of retirement, the national economic mentor Kim Kyung-pil presents the ultimate answer to retirement planning.

Kim Kyung-pil, known as the national economic mentor and the “Money Buster”—a financial coach who specializes in curing money anxiety—has released a new work, Start Preparing for Retirement from Age 50. He regularly shares practical financial strategies through major TV programs, YouTube, and in-person lectures. This book focuses on a topic that everyone knows is important but few are willing to act on: retirement planning.

His previous book, Save Your First 100 Million Won First, provided practical strategies for beginners to build their first bucket of capital. This book, by contrast, is aimed at those approaching retirement, offering realistic advice for planning life after retirement.

The author warns: in this era of longevity—where you may work for 30 years but need to fund 40 years of retirement—you can no longer delay retirement planning. He explains in detail the concrete strategies needed to ensure a stable life after retirement.

The author believes that retirement planning is not just about saving money, but about redesigning your entire life. Only by simultaneously preparing financial reserves, maintaining social relationships, and finding meaning in life can you enjoy a stable and worry-free old age.

This book is not only suitable for those approaching retirement at age 50, but also serves as a wake-up call for those in their 30s and 40s who think they have plenty of time: how you plan in the next 10 years will determine your quality of life for the next 40 years. It is a practical retirement strategy guide for all ages.

Author

Kim Kyung-pil

Finance expert. Known as the “Money Buster,” Kim Kyung-pil is consistently ranked at the top of corporate and institutional guest lecturer lists thanks to his witty and sharp presentations. As an economic mentor who promotes rational asset allocation, he warns that today‘s society, where fear of missing out (FOMO) is prevalent, has led to rampant leveraged investing and blind trend-following. He advocates for rational spending, saving, and long-term stable investing.

In this book, he deeply analyzes how much of a crisis an unplanned retirement can create, clearly demonstrating that steady planning in the 10 years before retirement is essential to enjoying a secure old age.

He is active on television and YouTube, having appeared on EBS’s Documentary Prime, KBS‘s Premium Salt Seller, MBC’s Please! House, MBN‘s High School Parents and Worry Relief Talk, KBS’s Good Morning Plaza, and other programs. He also contributes to Shin Dong-A magazine, Toss Bank, IBK Industrial Bank, BNK Busan Bank, and KB Financial Group‘s online column. His personal YouTube channel, “Kim Kyung-pil’s Money Buster,” launched in May 2022, has surpassed 1.15 million subscribers.

As a bestselling author, his representative works include Save Your First 100 Million Won First, *Kim Kyung-pil‘s Frugal Money Ledger 2024*, Save Today, Spend Lavishly Tomorrow, and I Don’t Want to Get Married, But I Want to Save Money.

Contents

Prologue: Reexamine Your Retirement Plan Right Now

Chapter 1: Everything You Think About the Retirement Calculation Formula Is Wrong
The Stable Retirement We Long For Requires 3 Unchanging Conditions
Why Your Retirement Living Expenses Will Double
How Large Is the Shortfall in Your Retirement Living Expenses?
500 Million Won in Retirement Funds Will Only Last About 15 Years
Your Second Life Chapter Determines Your Later Years

Chapter 2: The Root Causes of Our Retirement Anxiety
The Moment You Retire, Income Plummets
5 Common Misconceptions Among Those Planning for Retirement
5 Risks That Threaten a Stable Retirement
Is It Really Okay to Tie All Your Retirement Assets to a Single Property?
3 Things You Must Self-Check When Planning for Retirement
Sacrificing for Your Children Is Destroying Your Later Years

Chapter 3: Building the Foundation to Support Your Later Years
5 Income Sources for Retirement Planning
3 Essential Abilities for a Dignified Retirement
5 Habit Trainings to Reduce Non-Essential Spending
5 Retirement Welfare Policies That Can Save You Money

Chapter 4: Investment Principles That Let Time Work on Your Side
The Magic of Wealth Growth Over Time
Investment Principles That Will Change the Fate of Your Retirement Assets
Nasdaq and S&P 500 Index Investment Principles
Save 300 Million Won Through Investing Before Your First Retirement

Chapter 5: Monetize Your Interests and Begin the Second Act of Your Life
Turn Your Main Job into a Passion You Love
Monetizing Your Interests Is the Strongest Retirement Finance
Even If Your Income Decreases, Keep Working – Here‘s Why
The Golden Period for Semi-Retirement Planning: 10 Years Before Retirement

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