17 of 23 people found the following review helpful:
5.0 out of 5 stars
Common Sense Advice That Really IS, April 15, 2003
This review is from: Grangaard Strategy: Invest Right During Retirement (Paperback)
I've been helping people with retirement, financial, and estate planning problems for over thirty years, and this book is as good a source of SOUND, SENSIBLE advice on retirement planning as any I've found.
Retirement Planning isn't Rocket Science. But it CAN get complicated, particularly when you're listening to someone more interested in displaying his or her expertise than in helping you to understand what to DO. Alas, many advisors, even when they really ARE trying to help, inspire more confusion than understanding because they're focused on MEASUREMENTS. "Alpha", "Beta", "Standard Deviation", and the like. Those are mathematical measures, statistical concepts which sometimes (but not always) are helpful in understanding the statistics - the NUMBERS we deal with in financial planning. But financial planning isn't about NUMBERS. Rule Number One in my practice says -
"90% of financial planning is EMOTIONAL; only about 10% is about NUMBERS."
Paul Grangaard and Larry Atkins understand this VERY well. I've been privileged to talk with (and, sometimes, argue with) Paul and Larry on various occasions. Twice, we were speakers at the same financial planning event. I'm pretty good, if I say so myself, at speaking on retirement planning, but Paul's better. His delivery is so darned CLEAR, it's like a cold shower on a blistering hot day. And it's that way, partly because Paul's a heck of a public speaker, but MOSTLY because his MESSAGE is VERY SIMPLE and ABSOLUTELY TRUE.
If you want to understand WHY managing money AFTER retirement is COMPLETELY DIFFERENT from managing money BEFORE retirement, and ESPECIALLY if you want to understand how to deal with what I call "The One Big Risk" in retirement income planning, READ THIS BOOK.
The "One Big Risk" can be stated in the form of a question. It's this: "What are the chances that my account balance will fall to zero before my blood pressure does?"
MOST retirement planning methodologies are CLUELESS about this. Paul Grangaard's strategy understands it perfectly, and provides consumers (and ADVISORS who are willing to listen) with a sound, clearly understandable, and workable method of assessing and dealing with this One Big Risk.
Thanks, Paul and Larry, from a fellow practitioner and a big fan,
John L. Olsen, CLU, ChFC
Principal: Olsen Financial Group
St. Louis, MO
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
14 of 19 people found the following review helpful:
2.0 out of 5 stars
Nothing New Here!, January 26, 2003
By A Customer
This review is from: Grangaard Strategy: Invest Right During Retirement (Paperback)
What do you people see in this book?!
The book is filled with the standard rules about investing for retirement: invest for the long haul, use compound growth, sell assets when they are high--duh! And all of this is the "Grangaard Strategy?" (OK, so the only slightly valuable advice is: plan to live longer than average.) The book is lacking in any real substance and comes across as a pitch to get you to seek further help from a Grangaard financial planner.
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
8 of 11 people found the following review helpful:
5.0 out of 5 stars
Great Book! Very helpful concepts., January 31, 2003
This review is from: Grangaard Strategy: Invest Right During Retirement (Paperback)
This book provides very practical guidance that can be implemented by anyone. Paul Grangaard has given me peace of mind that I can in fact manage my assets for my lifetime. His strategies will enable me to capture higher rates of return while minimizing risks. Thank you.
Help other customers find the most helpful reviews
Was this review helpful to you? Yes
No
