Cash-Rich Retirement: Use the Investing Techniques of the Mega-Wealthy to Secure Your Retirement Future [Hardcover]

Jim Schlagheck (Author)

Book Description

Publication Date: March 4, 2008

Invest your money like a millionaire and get sound and secure returns.

Cash-Rich Retirement, as seen on the public television series Retirement Revolution, brings the investing strategies of the mega-rich to everyday people. It breaks with conventional advice that tells the public to invest mightily in stocks, flip holdings, and seek capital gains. Hogwash! says private banker and investment advisor Jim Schlagheck. Forget speculative “gains”! Invest instead for prudent income. Save. Build a “life-cycle” annuity package for lifetime retirement income. Focus on dividend-, interest-, and rent-producing investments and insurance.

Cash-Rich Retirement is provocative and practical. Schlagheck makes private-banking investment strategies available to any investor. His income and annuity strategies are unique. He also puts retirement within reach of today’s average American with six straight-shooting, show-me-the-money steps:
- Change your “automatic pilot.”
- Diversify your holdings in radically different ways.
- Build out your investment plan with funds and objective research.
- Get all the professional help you can.
- Build income streams with a ladder of annuities.
- Invest in long-term health care insurance.

Editorial Reviews

From the Back Cover

Concerned about your retirement savings? You should be! But you can capitalize on today’s market turmoil and enjoy a sound and secure financial future.

Cash-Rich Retirement is the book seen on public television that explains a new, less speculative, and proven strategy to help you.

Jim Schlagheck is a private banker and investment advisor to the mega-wealthy, and the coproducer of Retirement Revolution, a public television series on better retirement preparedness. He has held senior wealth management positions with some of the world’s leading financial institutions.

In this book, Schlagheck foresees increasing financial turbulence. Pension underfunding, boomer demographics, and America’s “flip” investment psychology are sure to cause financial distress. He explains ways of offsetting these threats and how anyone can employ the success strategies of the super-rich.

Cash-Rich Retirement is provocative and practical. Schlagheck’s income and ladder-of-annuity strategies are unique. He explains the full range of the country’s most recent and most-needed financial products:
- Annuities and ways to give yourself lifetime income.
- Mutual funds, ETFs, and “fundamental” indexes.
- Investments that gain more in “up” markets and lose less when markets come down.
- Reverse mortgages.
- Health insurance.

You can enjoy a sound and secure future---just like the world’s financial elite. Whether you’re already retired, many years away from retirement, or a financial professional, Cash-Rich Retirement will help you successfully protect and enlarge your retirement capital.

About the Author

JIM SCHLAGHECK is an author, banker, longtime advisor to the ultrawealthy, and the coproducer of the public television series Retirement Revolution. He has written numerous articles on investing, retirement, and finance, and is also an acclaimed speaker, who describes better ways for retirement readiness to audiences of wealth management professionals and lay investors nationwide.

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Product Details

• Hardcover: 288 pages
• Publisher: St. Martin's Press; First Edition edition (March 4, 2008)
• Language: English
• ISBN-10: 0312377401
• ISBN-13: 978-0312377403
• Product Dimensions: 9.3 x 6.4 x 1.3 inches
• Shipping Weight: 1 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (5 customer reviews)
• Amazon Best Sellers Rank: #1,460,482 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

12 of 12 people found the following review helpful:

5.0 out of 5 stars Good Book, Good Advice, March 11, 2008

By 

Patricia Marino (New York) - See all my reviews
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Amazon Verified Purchase

This review is from: Cash-Rich Retirement: Use the Investing Techniques of the Mega-Wealthy to Secure Your Retirement Future (Hardcover)

I recently took early retirement and have checked out several books looking for help to make my income last. This is the best of the lot. It helped me understand ways of shielding my investments from "performance whiplash". It also gives straightforward advice about new funds, indexes, health insurance, annuities and even reverse mortgages. Whether you are already retired, thinking of retirement, decades away from retirement or somewhere in between, this book will help you. I give it high marks for good advice, good tools, and a clear action plan for stronger finances. Best of all, it is easy to read and understand.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Tough talk, March 13, 2008

By 

T. P. Connolly "readup" (Delaware Valley) - See all my reviews
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This review is from: Cash-Rich Retirement: Use the Investing Techniques of the Mega-Wealthy to Secure Your Retirement Future (Hardcover)

Finally a book on retirement that stands out based both on content and on style. It is a little like Dad is taking you out to the woodshed to teach you a lesson about retirement planning. He is spot on in putting responsibility back squarely in the lap of each of us for our retirement health. His investment strategies make sense and are obviously founded on a great deal of experience and research.
This is a book that compasionate companies everywhere should buy for their employees offering at least some atonement for the pensions that they have shrunk or eliminated.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Cash-Rich Retirement, January 20, 2009

By 

Jusuf Hariman (Australia) - See all my reviews
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Amazon Verified Purchase

This review is from: Cash-Rich Retirement: Use the Investing Techniques of the Mega-Wealthy to Secure Your Retirement Future (Paperback)

The truth is that a great number of Americans will not be able to stop working. For many, retirement is an experiment gone sour. This book is a wake-up call. It tells you how, afterall, you will be able to retire with all the capital you need. Mr Jim Schlagheck is an experienced investment consultant. He has worked, inter alia, for UBS, one of the most powerful wealth-management institutions in the world. He has mastered the fine art of investing in up markets and down. He uses the investing techniques of the mega-wealthy to secure your retirement future. Mr Schlagheck contends that income-producing investments are the way to go. In this, his idea is similar to Bill Staton, CFA (see his 2009 America's Finest Companies). He advises us to put the maximum in our 401(k) or IRA - always invest in a tax-deferred or tax-sheltered way. Invest for "income" not "gains". Increase international exposure. Hold dividend-oriented indexes and funds. Invest in a ladder of annuities for different "life-cycle" income streams. Prepare for big economic changes and new investment opportunities as the population ages. Get all the professional help you can. Itemise and quantify your benefits. And save! Save! Save! Lastly, Mr Schlagheck does not believe in DIY retirement. He advises us to see a tax or financial adviser and urge them to invest our stocks in DRIP (Dividend Reinvestment Program). Digest this book and your retirement will be secure.