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The Last Chance Millionaire: It's Not Too Late to Become Wealthy (Hardcover)

by Douglas R. Andrew (Author)
3.5 out of 5 stars  (26 customer reviews)

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Editorial Reviews
From Publishers Weekly
Baby boomers, take note: traditional retirement savings wisdom won't yield you enough to live on in your golden years, warns financial adviser Andrews (Missed Fortune, etc.). Today's boomers are facing retirement with savings of (on average) an inadequate $50K and are relying on outdated financial strategies to carry them through. In a clear, firm tone, Andrews explains that socking away all your savings in a 401(k), paying off your mortgage and buying a vacation home only after your primary home is paid off are all worn-out Depression era truisms that no longer apply when boomers may live 20 or even 30 years past retirement age. Andrews's last-minute catch-up plan for safely generating a livable income within the years, not decades, left until retirement mixes familiar wisdom—take advantage of compound interest, tax-favored growth and safe, reliable leverage, and don't depend on Social Security—with a refreshingly down-to-earth plan for becoming a Thriver, whose money is busily working away, tax-free or tax-reduced to provide stability and enjoyment in the golden years. This is no bathtub reading—the text is heavy on charts and graphs and percentages—but the conversational, sympathetic voice serves as a wakeup call for boomers without enough saved. (June)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

From AudioFile
Andrew aims his message at Baby Boomers, who he believes are using timeworn methods of saving for retirement and will fall far short of the amount of money they will need. He reads his own work in a pedantic and cumbersome style that may not appeal to those used to more upbeat presentations. He moves through the chapters in a deliberate and precise manner that makes listeners feel every word, which can often be overwhelming in a multi-disc volume. Andrews passion for the subject is stifled by overdramatization of certain statements at the expense of others. Numerous repetitions of facts seem redundant and distracting. He does enunciate well and speak clearly, a style that may appeal to listeners who often need to rewind. M.R. © AudioFile 2007, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio CD edition.

See all Editorial Reviews

Product Details
  • Hardcover: 368 pages
  • Publisher: Business Plus (June 12, 2007)
  • Language: English
  • ISBN-10: 0446580538
  • ISBN-13: 978-0446580533
  • Product Dimensions: 9.1 x 6.2 x 1.5 inches
  • Shipping Weight: 1.3 pounds (View shipping rates and policies)
  • Average Customer Review: