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Managing Retirement Wealth: An Expert Guide to Personal Portfolio Management in Good Times and Bad Paperback – November 1, 2011
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"Julie Jason's Managing Retirement Wealth is written with the reader in mind. The book provides clear explanations of complex financial market topics and guides the reader on how to design, manage, and evaluate a portfolio to meet retirement needs." --Tom Robinson, PhD, CFA, CAIA, CFP; Managing Director, Education Division, CFA Institute
"If you have not placed an emphasis on how you manage your portfolio, now is the time to do it. Julie will show you how." --Charles Rotblut, CFA, Vice President, American Association of Individual Investors, Author, Better Good than Lucky
"A sturdy, basic, thoughtful, and extremely useful primer to get the investor off the starting line and well down the track to a successful financial future." --Ben Stein
"Julie Jason gets it! Anyone who is interested in understanding personal portfolio management should read her book." --Richard Berkowitz, Esq., Berkowitz, Trager & Trager
“In an age with so many economic uncertainties, Julie Jason's Managing Retirement Wealth is as good a place as any to bone up on the bewildering but rewarding task of putting our futures in order.” --Jonathan Dahl, Editor in Chief of SmartMoney, the personal finance magazine from The Wall Street Journal
"Portfolio manager Jason....offers a well-written and well-organized program, complete with ample charts and graphics, for readers on the eve of retirement..... Readers wondering how to protect their income and investments in a time of economic uncertainty and market volatility will find plenty of excellent advice here."--Publishers Weekly
“Julie Jason's Managing Retirement Wealth gets what most investment books miss-investing is a means to an end. If you achieve your goals and provide greater security and opportunity for your loved ones, that's what really matters. This fine text will prepare you to make smarter decisions about the choices that matter most, the ones that lead to your retirement success.” --Don Phillips, Managing Director, Morningstar
From the Author
Personal portfolio management involves measuring cash flow needs, taking into account inflation, taxes, and risk, and monitoring results. There is a lot more to it than the type of investing most people are used to.
To help you understand the process, I provide illustrations that break down each of these elements -- but you'll have to put them back together again when you do your own plan.
That's why you don't want to skim this book. You'll want to read it through from the beginning to see how one idea builds on another.
Stock researchers will want to read the in depth original study of the stocks that outperformed and underperformed the market during the "lost decade."
When you buy Managing Retirement Wealth, you'll be eligible for some complimentary offers from independent resources that I thought you might like to try out to help you with your research. They more than pay for the cost of the book. Do take advantage of them:
- The American Association of Individual Investors
- Value Line
- Investor's Business Daily
- Worden Brothers
Please visit managingretirementwealth.com for details. Email me with comments or questions (firstname.lastname@example.org).
More About the Author
She takes every opportunity to write, teach, and coach people who want to expand their knowledge and enhance their financial decision-making ability.
Julie's fifth book, The AARP Retirement Survival Guide, was named a TOP TEN BUSINESS BOOK for 2010 by BOOKLIST (American Library Association) and received the following honors:
1) The 2010 International Book Award for Personal Finance
2) The 2010 EIFLE Award (Excellence in Financial Literacy Education)
3) The 2010 Best Books Award for Personal Finance
4) Axiom Best Books Gold Medal for Retirement Planning for 2011
5) The 2010 New York State Society of CPA's Award for Excellence in Financial Journalism (for an AAII article based on two chapters of the book).
Julie's sixth book, Managing Retirement Wealth, received the prestigious EIFLE Award for 2012, along with the 2012 International Book Award and the 2012 Axiom Best Books Silver Medal.
If you want to ask Julie a question she can answer in her award-winning column (www.greenwichtime.com), email her at email@example.com. Visit Julie at www.juliejason.com. Visit Julie's firm, Jackson, Grant Investment Advisers, Inc. at www.jacksongrant.us.
Top Customer Reviews
***Also, not mentioned in the description, included is a complimentary one-year membership to the American Association of Individual Investors, who provides some great learning material which I found to be incredibly useful.***
First, based on looking backwards in time it finds that even in a down market some stocks did very well as in 20% compounded interest. The sin is that she did not find these companies before they performed so well but implies that using her complex methods you could find them and do well. So now that she has your attention by suggesting you too can outperform the professional managers she spends the last half of the book explaining all the myriad of tools and information you would need to produce such results. If professional managers like Warren Buffett loses 50% of his stock value in down markets, 2000-2003 and 2007-2009, how on God's green earth are you to manage it? Buffett's stock performance is not mentioned.
Second, the author rightly identifies inflation and safe returns as vital to assuring a sufficient income for a long retirement. She recommends a bond ladder for her example couple and then proceeds to use over 80% of their assets to make this income in the first year of retirement without a word about inflation. Clearly inflation will leave them broke long before they pass on.
In summary, the first half of the book is grossly misleading and oversimplifies the subject which by itself is dangerous. The last half of the book puts the onus on the retiree to use typical mind-numbing research of balance sheets and income statements to find the needle in the haystack stocks that will outperform the market. Even the best portfolio managers cannot consistently outperform the market.
A much better and more consistent book for money management is written by Jane Bryant Quinn. If you want to trade stocks, books written by William J. O'Neil and Les Masonson are better starting points than Julie Jason.
On the plus side, the information is well organized and logically presented, but that's true of many good books on retirement investing (see Bogleheads Retirement Planning book or You've Lost It, Now What by Jonathan Clements...to name 2).
My main gripe is that Ms. Jason has an irritating (to me) writing style more akin to a PowerPoint presentation than a printed book. Very repetitive. She previews what you will read in the next few chapters, then once you get to a chapter she begins by telling you (again) what is ahead, then once she's given what I would consider to be a fairly cursory treatment of the chapter subject, she summarizes what you just read (again). Three seems to be the magic number here.
I want the books in my investing library to provide a healthy dose of new (non-redundant) material. Perhaps you will agree. However, if you do like to have the message drilled in, this may be the book for you. Happy investing.
Most Recent Customer Reviews
I give this book a qualified recommendation.
First, in case you’re curious, this book is not simply a rehash of “The AARP® Retirement Survival Guide: How to Make Smart... Read more
Julie Jason presents personal portfolio management in a manner that is easy to understand. Each chapter has a summary of key points and steps to take.
Ms. Read more
I have read a number of books but this has to be the best in being a retirement guide. The big bonus is that you can write the author and get a responds - AWESOME!Published 23 months ago by Ollie Frazier
This would be a great book for a beginner and I think that's for whom it was written.
It pretty much starts at ground zero and does a good job of explaining concepts,... Read more
This book was so well written. She dives into many different categories of annuities, the pros and cons. Read morePublished 24 months ago by Alaska907
I found this book to be extremely useful. The first part lays out the rationale for establishing a coherent long term investment plan. Read morePublished on September 19, 2013 by Don L.