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Author: Greg Sullivan Publisher: John Wiley & Sons ISBN: 1119447402 Category : Business & Economics Languages : en Pages : 192
Book Description
There are nine key reasons people fail at retirement—and they’re not what you think. Are you working to avoid these major retirement fails? Every day, people just like you, people who have worked hard and saved carefully for retirement, make decisions that will eventually crack their nest egg. Just because you added to your 401(k) or IRA plan every year, invested wisely, and amassed significant savings, you are not necessarily home free. Ready or not, your decisions all along the retirement path can positively or negatively affect your financial future. In Retirement Fail, top financial advisor Greg Sullivan shares the insights he has gained over his thirty-five-year career in wealth management to help you identify potential pitfalls and learn how to safeguard your hard-earned retirement assets. Because, contrary to what most people think, it is not poor portfolio performance that usually busts your retirement accounts. Rather, it’s the emotional decisions you make that can cause major problems. Whether it’s buying a vacation home that is beyond your reach, subsidizing your adult kids to a degree that is ill advised, or passing on the umbrella insurance your advisor recommended, the choices you make have an enormous effect on whether you’ll be able to enjoy the comfortable retirement you’ve dreamed about. Retirement Fail: Lays out the nine common hazards that trip up otherwise well-prepared retirees, encouraging you to think through your decisions and set a course aligned with your values and your ultimate goals Goes beyond traditional financial advice, using personal stories to illustrate how others have become mired in—or solved—these financial dilemmas Creates a valuable framework you can use to chart your path or begin conversations with your advisor, so that you can act to protect your financial independence The numerical side of financial planning is one thing—the far more difficult task is looking at the way the decisions we make impact our own future and those around us. Whether you are working with a financial advisor or are going it alone, Retirement Fail shows you the points you need to pay attention to and helps you figure out what your priorities are—and what tradeoffs you may have to make in order to achieve them.
Author: Greg Sullivan Publisher: John Wiley & Sons ISBN: 1119447402 Category : Business & Economics Languages : en Pages : 192
Book Description
There are nine key reasons people fail at retirement—and they’re not what you think. Are you working to avoid these major retirement fails? Every day, people just like you, people who have worked hard and saved carefully for retirement, make decisions that will eventually crack their nest egg. Just because you added to your 401(k) or IRA plan every year, invested wisely, and amassed significant savings, you are not necessarily home free. Ready or not, your decisions all along the retirement path can positively or negatively affect your financial future. In Retirement Fail, top financial advisor Greg Sullivan shares the insights he has gained over his thirty-five-year career in wealth management to help you identify potential pitfalls and learn how to safeguard your hard-earned retirement assets. Because, contrary to what most people think, it is not poor portfolio performance that usually busts your retirement accounts. Rather, it’s the emotional decisions you make that can cause major problems. Whether it’s buying a vacation home that is beyond your reach, subsidizing your adult kids to a degree that is ill advised, or passing on the umbrella insurance your advisor recommended, the choices you make have an enormous effect on whether you’ll be able to enjoy the comfortable retirement you’ve dreamed about. Retirement Fail: Lays out the nine common hazards that trip up otherwise well-prepared retirees, encouraging you to think through your decisions and set a course aligned with your values and your ultimate goals Goes beyond traditional financial advice, using personal stories to illustrate how others have become mired in—or solved—these financial dilemmas Creates a valuable framework you can use to chart your path or begin conversations with your advisor, so that you can act to protect your financial independence The numerical side of financial planning is one thing—the far more difficult task is looking at the way the decisions we make impact our own future and those around us. Whether you are working with a financial advisor or are going it alone, Retirement Fail shows you the points you need to pay attention to and helps you figure out what your priorities are—and what tradeoffs you may have to make in order to achieve them.
Author: David Rosell Publisher: Hillcrest Publishing Group ISBN: 0989388107 Category : Business & Economics Languages : en Pages : 240
Book Description
We all know that there are endless books on how to accumulate wealth and how to get out of debt. However, few resources teach what to do once you have reached the top, even though you are faced with unique and potentially devastating risks as you begin the second half of your financial journey. This book was written to fill that gap. Through an unexpected melding of travel and even family stories coupled with financial survival tips, Failure Is Not an Option will lay out the eight fundamental risks every retiree faces and help you create more certainty in the uncertainty of retirement. In the process, it will help you achieve far greater financial peace of mind, since just like climbing mountain those who recognize and address these risks are most likely to safely and successfully complete their journey. Don Yaeger sums up the the book with his quote A 'Road Less Traveled' meets 'Think & Grow Rich'.
Author: Russell K Jalbert Publisher: Advantage Media Group ISBN: 1599323028 Category : Business & Economics Languages : en Pages : 134
Book Description
"You don't have to accept risk in order to grow your money." What readers discover in this book is the woeful ineffectiveness of retirement planning as practiced by Wall Street and the brokerage industry. In place of this failed approach Jalbert offers the logic of financial tools provided by the insurance industry. These tools, though not well known in the marketplace, are many, varied and most often free of the risk associated with volatile markets. His mission is to design retirement plans that are as foolproof as possible, and making sure that a stable and predictable lifelong income is provided under any economic circumstances.
Author: Dirk Cotton Publisher: ISBN: 9781478390176 Category : Languages : en Pages : 192
Book Description
For its first 30 years, the 401(k) era has been a failure. The value of the 401(k) savings of a typical household nearing retirement is about a quarter of what is needed for that family to maintain its standard of living in retirement. The next generation, Gen-Xers, are in even worse shape.Retirement finances are complex and with inadequate savings and little margin for error, we need to get these decisions right the first time. Many are practically irreversible.Receiving Social Security benefits at age 62, for example, as the majority of retirees do, can lock in the lowest benefits for both you and your spouse for decades.Retiring When Your 401(k) Fails explains your options and helps you make the right decisions at the right time, whether you are about to retire or just beginning your career.Dirk Cotton is a financial planner specializing in retirement and a registered investment adviser in Chapel Hill, North Carolina.
Author: Dan White Publisher: People Tested Books ISBN: 9780999016534 Category : Business & Economics Languages : en Pages : 146
Book Description
Our Financial Lives as Mount Everest I look at our financial lives as a long journey that has peaks and valleys throughout. I often use Mount Everest as a metaphor to illustrate that point. If you think of your retirement day as reaching the top of your personal Mount Everest, the rest of your life is the descent. Unfortunately, most people's retirement plans fail after they retire, or on the way down from the mountain. In some ways, it's easier to get to retirement, or go up the mountain, than to stay retired. If you make a mistake getting to retirement, what do you do? You keep working. You planned to go out at age 55, that's not looking so good anymore, so maybe 65, or maybe 75. If you make a mistake after retirement, what happens? You run out of money. Every successful summit of Mount Everest uses a Sherpa to guide them up, and back down the mountain because they are the world's best mountaineers. In retirement, it's very much the same. The guide who helped you climb the mountain, may not be the best one to lead you down. This is why you need a financial Sherpa guide, one who can steer you away from danger and towards your ultimate goal of a successful retirement.
Author: Todd Tresidder Publisher: Financialmentor.com ISBN: 9781939273062 Category : Business & Economics Languages : en Pages : 236
Book Description
Learn how retirement really works before it's too late... "This book is the best I've seen on how to navigate the retirement savings question." (Forbes) Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money. How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning. In this book, you'll learn: Why the best way to describe most retirement estimates is garbage-in/garbage-out The five critical assumptions that can destroy your financial security How to reduce the amount you need to retire by as much as $600,000 Three strategies to maximize spending today while protecting for the future How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius Read this book to know more about your retirement planning than your financial adviser. Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link of personal finance books will make you sleep easier. No retirement is secure without it. Buy the book today so you can retire with confidence!
Author: Charles D. Ellis Publisher: Oxford University Press ISBN: 0190218916 Category : Business & Economics Languages : en Pages : 169
Book Description
The United States faces a serious retirement challenge. Many of today's workers will lack the resources to retire at traditional ages and maintain their standard of living in retirement. Solving the problem is a major challenge in today's environment in which risk and responsibility have shifted from government and employers to individuals. For this reason, Charles D. Ellis, Alicia H. Munnell, and Andrew D. Eschtruth have written this concise guide for anyone concerned about their own - and the nation's - retirement security. Falling Short is grounded in sound research yet written in a highly accessible style. The authors provide a vivid picture of the retirement crisis in America. They offer the necessary context for understanding the nature and size of the retirement income shortfall, which is caused by both increasing income needs-due to longer lifespans and rising health costs-and decreasing support from Social Security and employer-sponsored pension plans. The solutions are to work longer and save more by building on the existing retirement system. To work longer, individuals should plan to stay in the labor force until age 70 if possible. To save more, policymakers should shore up Social Security's long-term finances; make all 401(k) plans fully automatic, with workers allowed to opt out; and ensure that everyone has access to a retirement savings plan. Individuals should also recognize that their house is a source of saving, which they can tap in retirement through downsizing or a reverse mortgage.
Author: Bob Howe Publisher: CreateSpace ISBN: 9781499642025 Category : Languages : en Pages : 62
Book Description
If you want to retire with a lot more money while saving thousands of dollars a year in financial fees, then this book is perfect for you. No-Fail Retirement Investing gives you everything to successfully manage your retirement account and outperform top financial advisors, even if you have trouble balancing a checking account. Simply pick your retirement date, risk tolerance and the rest is done for you. You'll learn: - A simple four step short-cut designed for people that know next to nothing about finance (and really don't want to know much about finance). This simple plan will show the individual investor how to outperform their financial advisor and reach their retirement goals faster . - Three unique strategies that will supercharge your investment returns and allow you to retire with more money. Strategy number one is invaluable. -How financial fees cost you a lot more than you realize (did you know that financial fees for retirement accounts can cost you more than the cost of your mortgage?) And you wonder why you don't have more money at retirement. - Exactly how and where to invest your retirement money. Simply pick your estimated retirement date and follow the model portfolio. - An easy savings plan that's proven to get you off to a fast start. - Why asset allocation is 90% of the answer. - How to reduce your risk of large losses. This is especially important as you near retirement and in helping to avoid market meltdowns. - The best retirement funds and model portfolios. - The simplest and most cost effective way to stay on track to your retirement goals. -The best free resources to use for your retirement planning.
Author: National Research Council Publisher: National Academies Press ISBN: 0309261961 Category : Social Science Languages : en Pages : 230
Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author: Greg Sullivan
Author: Greg Sullivan
Author: David Rosell
Author: Russell K Jalbert
Author: Dirk Cotton
Author: Susan Sherman Meeuwenberg
Author: Dan White
Author: Todd Tresidder
Author: Charles D. Ellis
Author: Bob Howe
Author: National Research Council