|Amazon Price||New from||Used from|
Investors, shell-shocked by the “Great Recession” of 2008-2009, are looking for answers, for something fresher than the old ‘buy-and-hold’ mantra. They hunger for stability, yet yearn for growth to rejuvenate their battered portfolios.
Ray Lucia’s The Buckets of Money Retirement Solution: The Ultimate Guide to Income for Life provides just that—a reassuring and scientifically proven strategy that gives investors both growth and income.
Lucia, a Certified Financial Planner who’s helped thousands of people invest more than $2 billion, explains how to spend down ‘safe’ buckets (containing, for example, Treasuries, CDs, bonds), while leaving a riskier bucket (real estate, stocks and alternative investments) to grow long-term. This strategy shields investors from the short-term ups and downs of the market. And it gives them the courage and discipline to stay invested no matter what the future holds.
Written in a breezy, accessible style and loaded with tons of examples and clear, specific calculations, the book explains how to set your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, readers will learn how to achieve both income and growth while at the same time reducing risk. “All in all,” Lucia writes, “this plan is akin to a sports car that seats six, approximating the best of both worlds. In this case by being a conservative strategy that’s also growth-oriented.”
Almost every kind of investment—stocks, bonds, commodities, real estate—plunged in the past year or two, turning off millions of investors who’d been planning for and counting on a reasonably comfortable retirement. These retirees or near-retirees need solutions…something fresher than the old ‘buy-and-hold’ mantra. Yet here’s what they hear from the financial-services industry: Set up an asset-allocation model, then take a systematic withdrawal to support your retirement…remembering, of course, to rebalance the accounts to remain in sync with the model. Wrong! That maximizes the advisors’ fees but doesn’t protect the investors’ assets during the tough times.
Amazon Exclusive: Q&A with Author Ray Lucia
In The Buckets of Money® Retirement Solution: The Ultimate Guide to Income for Life, nationally renowned Certified Financial Planner® Ray Lucia outlines his simple, time-tested system for achieving long-term financial stability regardless of market conditions.
Filled with real-life examples that help you evaluate your investing style and determine your time horizon, The Buckets of Money® Retirement Solution details how to:
Regain your balance in this ever-changing financial landscape, as well as how to prepare for whatever the economic future holds
Choose the proper investments and execute The Buckets of Money® plan for income, safety, and growth
Create a workable withdrawal strategy once your plan is in place and working
The average retirement account lost a third of its value in 2008. Many people saw the value of their retirement assets fall, even as their debt rose. So it's not surprising that a survey by Bank of America found that more than half of its respondents planned to change their investment strategy. Change is good. But it begs the question: Change it to what? Based on the science of money, rather than the art of speculation, The Buckets of Money® Retirement Solution provides you with answers in the form of battle-tested strategies that have been put to the test in more than 9,000 individual portfolios totaling more than $2 billion.
To win at the retirement game, you need to know your financial goals, divvy up your money accordingly, and then invest intelligently. With this book as your guide, you'll learn how to achieve both income and growth, while reducing risk.
Some unconventional investments such as non traded REITs are explored. Good section on investing and taxes. The bucket approach is a little complicated.... Read morePublished 15 days ago by Amazon Customer
Similar to many book, it had great theory's but lacks the details to execute without and advisor and is of little use to a professional. But it's a good informative piece.Published 9 months ago by Thomas Elliot
The overall strategy in this book is a little different than what you get from most financial planners. Read morePublished 14 months ago by Retailwonderer
I listen to Ray often and I like his bucket strategies - I believe that strategy is key and have found his principles and ideas helpful.
worth the read.
This is an excellent book for people who want to know more about finances in general - especially as it affects retirement. Read morePublished on February 3, 2013 by Herr Magnus
I really like the idea of seperating your money in to buckets to minimize market risk in retirement Nice job Mr. Lucia!
i listen to ray each day on the radio. the book is not the most exciting book read but what can you expect, its not a murder mysteryPublished on December 21, 2012 by robert