The 8 Biggest Mistakes People Make with Their Finances Before and After Retirement [Paperback]

Terence L. Reed (Author), Richard W. Paul (Foreword)

Book Description

Publication Date: October 15, 2001

According to financial expert and author Terrence L. Reed, there are eight mistakes that he has seen with painful regularity in his years of practice as a financial advisor. These are: #1 Not investing for the long term #2 Taking on financial risk #3 Failing to do dignity planning #4 Not having good long-term care coverage #5 Not properly planning for estate transfer #6 Paying too much in taxes #7 Using the wrong investment strategies #8 Having the wrong type of life insurance

To fix these eight mistakes, follow the proven, commonsense strategies outlined in The 8 Biggest Mistakes People Make with Their Finances Before & After Retirement. Guiding readers how to live comfortably in retirement, the author suggests course corrections. He explains and illustrates how to protect retirement funds, safeguard financial security, provide for loved ones, use the best retirement funds distribution options, avoid excessive risk, minimize tax exposure, select low-cost investments with the highest potential returns, and invest for the future.

Editorial Reviews

About the Author

Terrence L. Reed, CFP, is a director of the Center for Wealth Preservation and operates as a registered investment advisor through Sigma Planning Corporation. In private practice with more than 350 clients in the Detroit area, Reed is a popular seminar presenter and speaker. His extensive background in financial education includes designations from Denver’s College of Financial Planning, the Institute of Business and Finance, and the Life Underwriters Training Council. He is a member of the International Association of Registered Financial Consultants and teaches for the Financial Education Network. A popular financial radio host in the greater Detroit area, he hosted Let’s Talk Money on two Detroit stations for more than a decade.

Product Details

• Paperback: 240 pages
• Publisher: Dearborn Trade; 1st edition (October 15, 2001)
• Language: English
• ISBN-10: 0793149061
• ISBN-13: 978-0793149063
• Product Dimensions: 8.9 x 7.2 x 0.7 inches
• Shipping Weight: 13.6 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #944,556 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 7 people found the following review helpful:

5.0 out of 5 stars Refreashing, October 26, 2001

By 

Edith Thompson (Ann Arbor, Michigan) - See all my reviews

This review is from: The 8 Biggest Mistakes People Make with Their Finances Before and After Retirement (Paperback)

This book is very different from most other financial books in the sense that I was left with real life steps that should be taken. I felt I was more in control with my finacial picture. The book was fairly easy to read and I found very little fluff. I felt it was of help and I will use several of the strategies that Mr. Reed gives.