Customer Reviews

Save Your Retirement: What to Do If You Haven’t Saved Enough or If Your Investments Were Devastated by the Market Meltdown

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The cover of this book caught my eye at the bookstore and when I saw on the back that everyone from MONEY to BUSINESSWEEK was raving about it, I knew it was a financial must-read! The authors are so clear and concise and really helped me understand concepts that before seemed "greek to me." I'm always weary of personal finance books for giving people unrealistic ideas about how to get rich. This one is so great because it's no bs. If you can't afford to retire, the authors aren't going to tell you that you can. They know people saw their 401(k)s evaporate in the financial crisis and they're here to tell you what to do now. I highly recommend this book if you care a dime about your financial future.

The cover caught my eye and the content kept my attention. Save your Retirement provides the most comprehensive, infinitely practical advice I have ever read. The author doesn't confuse the reader with complicated terms (nor does he treat you like an idiot, like other books). I have recommended this book to friends. It is packed full of great information regardless what stage of life you are in, it helps you form an action plan. The book also mentions an accompanying website, [...] I've browsed through the information there and their sister site [...] which has a lot of great financial articles about more than just retirement.

The book is a good primer on how to review
retirement needs dispassionately. Some key elements
are as follows:
o be wary of too much credit and credit cards
o strive for an investment mix of 60% stocks
25% bonds and 15% cash or more
o utilize a retirement needs calculator to be more precise
o consider a second career to supplement income
o some retirees are adept at developing small businesses
o be wary of annuities because they may not pass down
to family and relatives when you die
o try to stay within a limit of withdrawing 4% savings
per year in retirement
o some retirees seek to live in cheaper geographic areas
so that the dollar stretches further
i.e. You can still pay $100/month for an apartment in
parts of Bulgaria and health care is free after
a short residency period passes.

Overall, the acquisition would be helpful for your
retirement planning. The author anticipates some of
the worst pitfalls which befall retirees and their
families.