The New Savage Number: How Much Money Do You Really Need to Retire [Paperback]

Terry Savage (Author)

Book Description

Publication Date: September 28, 2009

Nationally known personal finance expert Terry Savage helps you answer the most important retirement questions

During a time when looking to the future is more important than ever, author Terry Savage offers street smart advice for the many soon-to-be retirees wondering how much longer they will have to work to make up for the losses in their retirement accounts. The New Savage Number provides the strategic guidance and hands-on techniques necessary to plan a successful, satisfying retirement.

Throughout the book, Savage helps you figure out how much money you need to retire-your savage number-and how to invest to reach that goal. Then, as retirement looms, she guides you through the process of planning withdrawals so the money lasts your entire lifetime. In between, Savage offers practical advice on everything from getting personal finances organized to insuring retirement plans against the disastrous need for long-term care. An informative, engaging book that future retirees of every age can utilize, The New Savage Number

• Contains updated chapters reflect the current economy including changes to the mortgage market and stock market performance
• Takes issues such as social security, long term insurance, and new investment risks into consideration
• Offers guidance on continuing to earn income in retirement

Written with every retirement bound individual in mind, The New Savage Number, Second Edition provides you with the tools needed to rescue your retirement.

Editorial Reviews

From the Back Cover

The New Savage Number

How Much Money Do You really Need to Retire?

Second Edition

Terry Savage

Bestselling Author Of The Savage Truth On Money

Personal Finance

Praise for the Previous Edition

"At last, there is one source for retirement savings and all of its implications. Terry Savage has done it again: put it in plain English for the millions of people who need to know what awaits them financially in their golden years. I get thousands of questions each week about this topic. Now I have the answers, from someone I would trust with my financial life. Great job, Terry!"
—James J. Cramer, markets commentator, TheStreet.com, and CNBC author of Jim Cramer's Real Money: Sane Investing in an Insane World

"It is astonishing how little most of us plan ahead for retirement. Terry has done it all for us in this book."
—Jim Rogers, author of Adventure Capitalist and Hot Commodities

"The Savage Number greets you with cold realities and then shows you the path down the yellow brick road. It is a comprehensive and compelling guide to taking control of your financial future. The bottom line: you can plan and choose to save, or you can work forever."
—Dallas L. Salisbury, President and CEO, Employee Benefit Research Institute

Nationally known personal finance expert Terry Savage

helps you answer the most important retirement questions

Will you ever be able to retire? How much money will you need? And how will you be able to reach your Savage Number? Financial expert and author Terry Savage offers street-smart advice for those hoping to retire. Whether you're approaching retirement age, just starting out, or in the middle of your career, Savage helps you create a long-term plan for financial security.

The New Savage Number provides the strategic guidance and hands-on techniques necessary to plan a successful retirement. Savage helps you figure out how much money you need to retire—your Savage Number—and how to invest to reach that goal. Then, as retirement looms, she guides you through the process of planning withdrawals. Savage offers advice on everything from getting personal finances organized to hedging against inflation to protecting against the devastating costs of long-term care.

About the Author

Terry Savage has financial expertise that comes from experience. She started her career as a stockbroker and became a founding member of—and the first woman trader on—the Chicago Board Options Exchange. Terry is a nationally known expert on personal finance and is a regular TV investment and financial markets commentator. She is the nationally syndicated Chicago Sun-Times personal finance columnist and author of three bestselling books. Terry has won numerous awards, including the National Press Club Award, and received two Emmys for her television work.

Product Details

• Paperback: 296 pages
• Publisher: Wiley; 2 edition (September 28, 2009)
• Language: English
• ISBN-10: 0470538767
• ISBN-13: 978-0470538760
• Product Dimensions: 9 x 6.3 x 0.8 inches
• Shipping Weight: 13.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #511,043 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

2 of 2 people found the following review helpful:

3.0 out of 5 stars I really can't recommend this book., December 24, 2011

By 

stingray (Covina, Ca. United States) - See all my reviews
(VINE VOICE)   

This review is from: The New Savage Number: How Much Money Do You Really Need to Retire (Paperback)

The title of the book, The New Savage Number, how much money do you really need to retire, strangely enough does not answer the question. That is my first beef , then my second beef is that I really didnt learn anything except the long term insurance part and later I will give you my problem with that part. If you read any kind of book about finances, you don't need to read this book. I got excited about the long term insurance basically because I never really considered it. Then, i did some research read , Long term insurance book by Nolo and they said that long term insurance is a very expensive gamble- the book lets you decide for yourself but it makes it clear, that it is a LTC gamble, for instance, the book stated that 25% of claims in California for LTC was denied because of some small fine print.
And in 20-30 years anything could happen, laws will change, insurance Companies can and would raise premiums.And the average care is three years , if you put the 200-300 dollars in the bank, you have a better chance of paying for your care with some money left over.

I was really looking forward to reading this book and I was really disappointed.