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Saving for Retirement without Living Like a Pauper or Winning the Lottery
 
 

Saving for Retirement without Living Like a Pauper or Winning the Lottery [Kindle Edition]

Gail MarksJarvis
4.7 out of 5 stars  See all reviews (36 customer reviews)

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Editorial Reviews

Review

“Leading financial columnist MarksJarvis presents the everyman’s guide to saving for retirement. The idea of navigating the world of 401Ks and Roth IRAs leaves many people scared, cold, or both. This book will help reduce the confusion, anxiety and avoidance that many people associate with saving for retirement. Informed by thousands of calls and emails from readers over the years, MarksJarvis understands exactly what people want and need to know about managing their personal finances. Here, she provides guidance and answers common questions in an organized and reader-friendly style. Readers will learn how to calculate what they’ll need for their nest egg, how to open an IRA, make sense of mutual funds and when to consult a financial advisor. Sensible–but not stuffy–this book will convince young people to start saving now, and will help ensure that panicked middle-aged readers will not be spending their golden years in the poor house." --Kirkus Reports

Product Description

This is the eBook version of the printed book.

Award-winning personal finance columnist read by millions of people each week

 

The Incredibly Simple, Step-by-Step Guide to Investing Money for Your Future!

 

“A cover-to-cover must-read for everyone 16 to 60 who wants to live the American Dream. The earlier we choosetosave®, the sooner we can stop saving, and the later we start saving the more we need to know in order to catch up. What you need to know; where you can find the answers; how you can take action. It is all here.” 

–Dallas Salisbury, CEO, Employee Benefit Research Institute and American Savings Education Council (www.choosetosave.org)

 

“Bookstores are full of tomes advising people how to save for retirement, yet millions of people are still hopelessly confused about what they should do. Gail MarksJarvis breaks it down into simple steps that anyone can do to ensure a more comfortable retirement. Read this book and prosper!”

–Liz Pulliam Weston, MSN Money Personal finance columnist and best-selling author of Your Credit Score

 

“This book offers a sensible, sophisticated approach for tackling the daunting challenge of saving for retirement. The good news? You can retire–without living on canned food or buying lottery tickets–if you follow Gail’s realistic strategies for saving, investing, and ultimately spending money in retirement.”

–Susan Tompor, Detroit Free Press

 

“You can wallpaper a warehouse with all of the awful investment advice offered up every year in newspapers, magazines, and books. One of the most difficult tasks is to separate the get-rich-quick hype from the truly worthwhile knowledge that will make you wealthy over time. I’m thrilled to say that Gail MarksJarvis has cut through the claptrap of investment cacophony and provided not only a solid plan for retirement saving, but a realistic, common-sense approach to personal finance in general. This is a triumph.”

–John F. Wasik, Bloomberg News personal finance columnist and author, The Merchant of Power

 

 

Drawn from responses to questions from over 20,000 readers of the author’s personal finance columns.

 

Over the years, Chicago Tribune financial columnist Gail MarksJarvis has taken the time to listen and respond to thousands of her readers about the issues, questions, and concerns that are most important to them. Saving and investing for retirement has never been more important...and with this book, it’s never been clearer what you need to do and how to do it. 

 

Don’t wait another day! Discover…

 


Product Details


Customer Reviews

Most Helpful Customer Reviews
61 of 65 people found the following review helpful
Format:Kindle Edition|Amazon Verified Purchase
It's interesting to read a book that was written prior to the financial collapse. It's almost like a snapshot in time. On the one hand, this book had lots of basic, good advice for people who don't understand how to go about creating savings. For anyone who is already a saver/investor, this book will be too basic for you, but there are large numbers of people out there who do need this sort of advice and I thought the book was very good at explaining things at a level that would be useful for beginners. For that, I would give it 5 stars.

The problem is that the assumptions the author used for her examples of compounding are so outdated that they are almost dangerous. She consistently used an 8 -10% expected return on investment to illustrate how small amounts of money could grow over time. Years ago, that may have been a reasonable rate of return, but not in this decade, and most "experts" think that you will be lucky to earn 5% return on your money in the future, especially if you want to keep your risk at reasonable levels. The problem with using 8-10% is that it gives a completely unrealistic view of how much money you will need to save to reach your goals, and how long it will take you to get there. Given the current state of the economy, if you rely on optimistic projections such as these, you are liable to fall far short of your goals, and by the time you realize that, it will be too late to make it up in your savings. Plus, someone who is unsophisticated enough about money to need this book will also not recognize that these assumptions are outdated. Because of that, I have to mark the book down. Therefore I'm giving it 3 stars.
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24 of 24 people found the following review helpful
Format:Paperback
Being in retirement already, I found this book still very enlightening and very easy to read. A chatty, warm style lets the reader feel as if a knowlegeable friend is giving advice without making the reader feel as if he/she missed out and can never catch up. A non daunting approach to investing makes the MarksJarvis book interesting, worthwhile, informative with good links to investment calculations.

Grandparents would serve their grandchildren well to forgo taking the kids on fancy trips and put the money into the kid's IRA account at a young age.

I sent a copy to my daughter because there is something here for every age group.

Marie Taylor
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11 of 11 people found the following review helpful
Excellent Book! April 17, 2007
Format:Paperback
I'm sure I can speak for many who have read this book when I say I wish it would have come out ten years ago. Not only is it incredibly educational, its light hearted style doesn't make you feel bad even if you are starting from square one with regards to saving and investing. It's simple and direct when dealing with an intimidating subject and I am certainly going to put into place the advice Gail so clearly lays out for her readers. KUDOS!

I do not come from a family who is good with money. I have already told my parents and siblings to read this book. It is more beneficial to us than you can even imagine. Thanks.

Zach Barber
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Most Recent Customer Reviews
must read
Very educational book. Must read for people of all ages most importantly young people. Time on your side is the best thing to have for a future retirement. Invest young. Read more
Published 1 month ago by todd
FREE!!!
There is not a whole lot of negative things that can be said about free ebooks. This one wasn't earth shattering but I'll take free advice any day. Read more
Published 2 months ago by RAYT721
Not Outdated: Use Your Brain!
Let me start off by saying that this was the book that completely opened my eyes to the world of investing, doing it smartly, and saving for retirement SMARTLY. Read more
Published 3 months ago by CO772ER@HKG
Good Financial Advice is never outdated
This book had better be good because I took almost all of the advice! It is very practical and I do not believe that it is outdated at all. Read more
Published 3 months ago by Mark Cole
Not so Good for Canadians
This book has some good information overall,but it's really difficult to apply the same info here in Canada. Read more
Published 4 months ago by Morphia
Great book!
This book covers everything you would need to know or ever wonder about when it comes to saving and your finances. Read more
Published 4 months ago by Pelotassos
Enlightening and Informative
Very well written. I am semi-retired and I understand quite a bit about Retirement Investing, but now I am clear about so much more. Read more
Published 4 months ago by Cookie in Arizona
Nothing new here. useful if you're in high school or have you...
start saving early, maximize your 401k, low load index funds. A great formula for a bull market but not sure its relevant now with europe on the brink of collapse and facing a... Read more
Published 7 months ago by Paul
Working Class People: Stop Stressing & Get This Book
The title says it all. Without living like a pauper or winning the lottery, working people from the mail room up to the corner office really CAN take practical, concrete steps... Read more
Published 7 months ago by S. Lawrence
Excellent crash course!
If you feel like you need a college course in retirement accounts to understand them, this book is a great crash course. Read more
Published 7 months ago by S.O.
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&quote;
Several of my favorites are at www.choosetosave.org. Try the "ballpark estimate" found on the right side of the home page, and then click on Interactive Ballpark. A more in-depth calculator is the "retirement planner" found at www.smartmoney.com. &quote;
Highlighted by 218 Kindle users
&quote;
You can also try "Are You Saving Enough" at www.kiplinger.com. To find it, click on Personal Finance and then Your Money. Or one of the easiest to understand is "Retirement Planner" at www.msnbc.msn.com/id/9746069. There's also http://flagship2.vanguard.com/VGApp/hnw/RetirementSavings. &quote;
Highlighted by 138 Kindle users
&quote;
A rule of thumb is to never remove more than 4 to 5 percent of your retirement savings a year, if you want it to last. &quote;
Highlighted by 109 Kindle users

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