Laurence J. Kotlikoff

Scott Burns

Guides the reader through America's generational imbalance and proposes policies to avoid the demographic overload and fiscal crisis that America will be faced with in the future as a result of this imbalance.

What You Need to Know about America's Economic Future

The Coming Generational Storm

This tribute to the legendary Walter Smith sees Rangers stars past and present uniting to honour one of the most decorated and successful managers in Scottish football. Ibrox favourites including Brian Laudrup, Ally McCoist, Andy Goram and Jorg Albertz, give their own insight into the man they call 'Gaffer'.

The Ibrox Gaffer, a Tribute to a Rangers Legend

Walter Smith

Kevin Twaddle

Kevin Twaddle was a footballer who was always prepared to take a risk on the park but it was off it where he really gambled. The former Hearts, Motherwell and St Johnstone winger speaks openly for the first time about his secret betting addiction that saw him blow more than a million pounds and wrecked his football career. Kevin tells his harrowing story of what his punting did to his family, how it killed relationships, destroyed his bond with his daughter and almost caused his parents to split up. He talks about his addiction and how it led to him stealing, going to loan sharks, left him facing jail and considering the ultimate gamble - suicide - before he finally got his life back on the straight and narrow. Kevin, who has since gone on to play pool for Scotland, has now not had a bet for more than six years, holds a prominent position in Gamblers Anonymous and also uses his experiences to help the Professional Footballers Association (Scotland) to educate today's footballers on the pitfalls of gambling. This is the harrowing and moving story on how one man's life fell apart spectacularly because of his addiction to gambling and how, after hitting rock bottom, he finally managed to conquer his demons.

How to lose a million and so much more

Life on the Line

Bryan Glennie

CRAIGINCHES – Life in Aberdeen's Prison is the story of this forbidding place from its early days to its recent closure, told by former prison officer Bryan Glennie. Having lived and breathed the life of the prison up to his retirement, this is the real inside story of rooftop riots, botched escapes, drugs being smuggled, prisoners brewing beer in dung heaps and the prison's only hanging, as well as dramatic tales of deployment to Peterhead when the SAS stormed D wing. Craiginches had another side too, with visits from Princess Anne, Robbie Shepherd, Charlie Nicholas, Evelyn Glennie and many more who have had a direct connection with the prison thanks to Bryan. All part of the constant efforts to rehabilitate as many prisoners as possible through events inside the prison and valuable conservation and community projects outside. And there's also Bryan's very special relationship with Sir Alex Ferguson which has endured through the decades. This is a unique insight into prison life in Craiginches, showing both the difficulties and dangers that were a part of everyday life and the rewarding side of the job when inmates gave something positive back to society.

Life in Aberdeen's Prison

Craiginches

Rich or poor, young or old, high school or college grad, this book, written by economist Laurence J. Kotlikoff and syndicated financial columnist Scott Burns, can change your life for the better! If you follow the advice in this book, it will raise your living standard (possibly by a lot), improve your lifestyle, and help you spend 'til the end. And it will completely transform your financial thinking, turning every bit of conventional financial wisdom on its head. If this sounds like a revolution in financial planning, you got it. So do The New York Times, The Washington Post, The Wall Street Journal, USA Today, Time, Consumer Reports, and other top publications that have been featuring the authors' economics-based "consumption smoothing" approach to financial planning. Spend 'Til the End substitutes economic wisdom for the "rules of dumb" that currently pass for financial advice. In the process it indicts the investment and financial-planning industry for giving most people saving and insurance targets that are much too high and then convincing them to invest in risky mutual funds and expensive insurance policies. The result is that most people are scrimping and saving during the years when they could be spending and enjoying their money -- and with no sure payoff. Easy to read, this book is packed with practical and often shocking advice on whether to work, how to pick a career, which job to take, where to live, what sort of house to buy, how much to save, when to retire, which kind of retirement account to use, whether to have kids, whether to divorce, when to take Social Security, how fast to spend down your assets in retirement, and how to invest.

The Revolutionary Guide to Raising Your Living Standard--Today and When You Retire

Spend 'Til the End

How America went bankrupt and how we can save ourselves—as a country and as individuals—from economic disaster. The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others. How did this happen? InThe Clash of Generations, experts Laurence Kotlikoff and Scott Burns document our six-decade, off-balance-sheet, unsustainable financing scheme. They explain how we have balanced our longer lives on the backs of our (relatively few) children. At the same time, we've been on a consumption spree, saving and investing less than nothing. And that's not to mention the evisceration of the middle class and a financial system that has proven it can't be trusted. Kotlikoff and Burns outline grassroots strategies for saving ourselves—and especially our children—from what could be a truly catastrophic financial collapse. Kotlikoff and Burns sounded the alarm in their widely acclaimedThe Coming Generational Storm, but politicians didn't listen. Now the need for action is even more urgent. It's up to us to demand radical reform of our tax system, our healthcare system, and our Social Security system, and to insist on better paths to investment return than those provided by Wall Street (mis)managers. Kotlikoff and Burns's "Purple Plans" (so called because they will appeal to both Republicans and Democrats) have been endorsed by a who's who of economists and offer a new way forward; and their revolutionary investment strategy for individuals replaces the idea of financial capital with "life decision capital." Of course, we won't be doing all this just for ourselves. We need to fix America's fiscal mess before our kids inherit it. https://www.youtube.com/watch?v=IMKw76lBn0k&feature=youtube_gdata_player

Saving Ourselves, Our Kids, and Our Economy

The Clash of Generations

Rangers stars past and present unite to honour one of the most decorated and successful managers in Scottish football - the legendary Walter Smith. Ibrox favourites from across the decades, including heroes like Ally McCoist, Jorg Albertz, Madjid Bougherra, Ian Durrant, Brian Laudrup, Andy Goram, Richard Gough, Nacho Novo, Lorenzo Amoruso, Stevie Naismith and countless others, give their own unique insight into the man they affectionately call their 'Gaffer'. The Light Blue legends offer their candid views on Walter Smith and tell a host of tales from behind the scenes about the man who led Rangers to their nine-in-a-row success and then returned for his second spell at Ibrox to deliver domestic and European success against all odds. And the one thing they all agree is that Walter Smith is simply the best!

A Tribute to a Rangers Legend

Walter Smith the Ibrox Gaffer

How to avoid a fiscal crisis in the next generation— and how to protect yourself if the government acts too late: policy recommendations and individual strategies to protect against skyrocketing tax rates, drastically reduced health and retirement benefits, high inflation, and a ruined currency. In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the current administration is heading straight into the coming generational storm. But don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational imbalance, first introducing us to the baby boomers—their long retirement years and "the protracted delay in their departure to the next world." Then there's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. So how can the United States avoid this demographic/fiscal collision? Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security, and Medicare. Their proposals are simple, straightforward, and geared to attract support from both political parties. But just in case politicians won't take the political risk to chart a new direction, Kotlikoff and Burns also offer a "life jacket"—guidelines for individuals to protect their financial health and retirement. This paperback edition of The Coming Generational Storm has been revised and updated and includes a new foreword by the authors.

Scott Burns

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