Customer Reviews

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

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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.

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.

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.

No matter what age you are, preparing for retirement or being retired (i.e. living off of your resources) we all wonder if we are making the right decisions. Jim has done extensive research on the subject and reports his results in a very easy to understand book. It will serve as a great resource to help you achieve your objectives.

"Cash Rich Retirement" provides a clear roadmap to investing for a successful retirement. The book is easy to read and makes the case that we need to save more and invest wisely and diffently to assure our retirement. The author provides specific guidelines and recommendations for a wide range of investment options. He also covers a host of complex areas like annuities, long term care insurance, and reverse mortgages in a clear and concise way. It is truly a reference work that you can turn to again and again. Finally, the book takes a hard headed and conservative approach to the future and to investment myths like stocks always go up that will lead readers to wiser more clear headed decisions and better results.