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How Much Money Do I Need to Retire? Paperback – October 22, 2012

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Editorial Reviews

Review

"I agree wholeheartedly with his various conclusions here."
- Wade Pfau, Ph.D, CFA Professor of Retirement, American College
 
"I retired at 45 by doing essentially what this author describes."- Amazon Reader Review
 
"The one-stop playbook for this age-old question."- Travis Banfield, Amazon Reader Review
 
"I'm an MBA in Finance from a top school and worked 20+ years in the banking industry. This book is the most useful and provocative piece of writing on the topic of retirement planning that I have ever read."- Amazon Reader Review
 
"I just wished I had read it 15 years ago."- Amazon Reader Review

From the Author

When I faced the same question you're facing right now - Do I have enough money to retire? - I thought the answer would be obvious.

After all, the retirement calculators appear accurate and the retirement planning profession has been at this game for many decades.

Unfortunately, I quickly realized the conventional wisdom had serious shortcomings.

My background in developing statistical market timing systems for the hedge fund industry gave me unusual insights into what makes a stable, sustainable model versus designs that carry excessive risk of failure.

I originally developed the concepts that ultimately became this book for my own use. But as a financial coach, I realized all my clients needed what was in here.

I wrote the first draft of this book as a private distribution document to help my clients. But people began passing it around, others began asking to buy it. 

The version you see today was completely rewritten and brought up to date with all the latest research before being published here on Amazon.

The principles worked for me 20 years ago, they've worked for my clients ever since, and I hope they help you retire with financial security and peace of mind.

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Product Details

  • Paperback: 134 pages
  • Publisher: CreateCorp Business Solutions, Incorporated (October 22, 2012)
  • Language: English
  • ISBN-10: 0982289197
  • ISBN-13: 978-0982289198
  • Product Dimensions: 5.5 x 0.3 x 8.5 inches
  • Shipping Weight: 8.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (164 customer reviews)
  • Amazon Best Sellers Rank: #65,209 in Books (See Top 100 in Books)

More About the Author

Todd R. Tresidder's financial writing has been featured in the Wall Street Journal, Smart Money Magazine, Investor's Business Daily, Yahoo Finance, Bankrate.com, and more. He is a former hedge fund manager who "retired" at age 35 to become a financial consumer advocate and money coach. In his spare time he's an outdoor recreational enthusiast with varied interests from backpacking and adventure travel to endurance running and cycling. He writes 9 months out of the year from his home in Reno, Nevada while his kids are in school and plays the rest of the year. You can learn more about Todd at http://financialmentor.com .

Customer Reviews

Most Helpful Customer Reviews

44 of 46 people found the following review helpful By Wade D Pfau on November 9, 2012
Format: Paperback
In what looks to be the 5th book in his series, Todd Tresidder has provided a fine explanation about how to prepare one's finances for retirement.

I've recently written about how there are two schools of thought about retirement income. One is a probability-based approach which looks at what would have worked historically. This has been developed by the financial planning profession. This is where the 4% rule comes from. Todd calls it "conventional retirement planning," and he spends the first half of the book explaining all of the problems with it. I agree wholeheartedly with his various conclusions here, such as that there is no such thing as "The Number" needed for retirement, and that too many investigators rely too heavily on the historical record for building their conclusions. Especially when market valuation levels are particularly high and/or interest rates are particular low (today's situation), historical averages are going to present an overly rosy picture about what is going to work.

He provides lots of sensible advice. He gets you to focus on the key modeling assumptions which will provide the main impact on the results. One alternative model he describes is to build a floor of guaranteed income sources to cover basic expenses, and then invest more aggressively for the things which may be "nice to have." This is the essential recommendation coming out of the other retirement income school of thought which I call "safety first." He also reminds that you should be using your entire balance sheet of assets rather than just your financial assets when thinking about retirement income. It's another key component of the "safety-first" school.

The book is short, to the point, and provides a good overview of what consumers should be thinking about so as to not blindly accept the built-in assumptions of retirement calculators they may come across on the web.
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24 of 26 people found the following review helpful By Slyfisher on September 9, 2012
Format: Kindle Edition Verified Purchase
Having followed Mr. Tressider for a couple years now I was intrigued how he would expand his "Ultimate Retirement Calculator" into a treatise on retirement scenarios. Like others who've reviewed this e-book, I have been researching my own retirement using scenarios found on smartmoney.com to Money Magazine to AAII. Other authors such as Daniel R Solin "The Smartest Investment Book You'll Ever Read" and Bill Schultheis "The New Coffeehouse Investor" have simple portfolio building techniques but nothing quite as in depth for retirement nest egg as Mr. Tressider has done here.
I plan on rereading and recalculating [and saving] until I'm comfortable.
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17 of 19 people found the following review helpful By smv on March 11, 2013
Format: Kindle Edition Verified Purchase
I retired at 45 by doing essentially what this author describes in his cash-flow model (although I wish I'd had the benefit of having this book beforehand to lay out the method so eloquently before I did it on my own -- it would have saved some stress). This book will be a great guide to anybody who's brave enough to take the plunge & step off the 9-5 treadmill early. Good luck!
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12 of 13 people found the following review helpful By Julia Kelly on February 1, 2013
Format: Kindle Edition Verified Purchase
I was looking for a map to help me figure out my retirement plan. I'm 25 so I have a long way to go, but reading Todd's book helped me realize that early retirement is an actual possibility for me.

He gives very straightforward advice in this book - what I found particularly helpful is his explanation of what he calls the "2 critical numbers" (percentage of income saved vs. spent, and ROI minus inflation) needed for figuring out how much you need to retire. Everything else is only marginally significant when compared to the compound effect of these two ratios.

That's what I appreciated about this book: Todd keeps it simple without being simplistic. The important numbers are explained in detail and the less relevant stuff is excluded. His Ultimate Retirement Calculator is also very helpful - I ended up testing different scenarios for an hour.
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14 of 16 people found the following review helpful By Arthur R Prunier Jr on May 1, 2013
Format: Paperback
Overall I'd recommend this book to anyone who is serious about planning for retirement. My recommendation is given from the perspective of someone who has read extensively on the topic and teaches community-based retirement planning classes. It is a great entry point for the retirement planning novice!

The book contains three distinct ways to approach the financial aspects of retirement planning. The book starts with the Conventional Retirement Planning approach and then shows how to partially oversome many of its difficulties. It then discusses the Creative Lifestyle Planning approach, which is a collection of practical strategies (which in many cases are quite creative!) for dealing with retirement's many financial hurdles. Finally it presents a Cash Flow Planning approach, which is a variation of the "live off your income only" strategy.

WHAT I LIKED BEST. Todd Tresidder covers a lot of different approaches in a modestly sized book. He provides lots of warnings about planning pitfalls. I liked the discussion of the Creative Lifestyle Planning approach so much that I'd recommend buying the book just to read that section!

WHAT I LIKED LEAST. For my tastes, the book is too wordy and needs to be condensed. For a book with the series name "60 Minute Financial Solutions" I expected something more to the point. With careful editing the key advice and major warnings would be even more clearly understood by the novice reader. But having stated this, I am also aware that some readers benefit from repetition because it helps the concepts sink in. So in no way should my personal tastes here discourage someone from buying this book!
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