This is Not Your Parents' Retirement: A Revolutionary Guide for a Revolutionary Generation [Paperback]

Patrick Astre (Author)

Book Description

Publication Date: July 12, 2005

The world has changed. Shouldn’t your retirement strategy follow suit?

You’re destined for a longer, more active retirement than any generation before you – and you want the cash to do it in style. Forget nest eggs. There’s a revolution afoot in retirement planning, and expert Patrick Astre divulges the investment secrets that create multiple income streams for life.

This is more than a retirement book. Astre names names – the best mutual funds, stocks, bonds, insurance products, tax strategies and more! He becomes your personal financial advisor. Follow his advice and accumulate million to ensure your financial freedom.

Editorial Reviews

Review

Author Patrick Astre has managed to distill into one easy-to-use book the financial widsom we try to teach every day. -- Joseph Newman, Professor of Finance, Briarcliff College, New York

This is absolutely a must-have book for anyone reaching for financial independence. -- Lynn Parrott, VP John Hancock/Manulife Financial

This is one of the best financial books I've read. It's a great guide for anyone wanting to build wealth. -- Arnie Pechler, Vice President, Farmers and Traders Life

From the Publisher

BookBites Column, Edmonton Sun Baby boomers, the downside to you living longer is that your retirement money may run out.

Astre, a financial planning expert, takes a look at "common sense" retirement savings strategies that will work for the long haul so you can achieve your personal and monetary goals. His advice includes how to pick a good financial advisor, tax strategies and high-yielding mutual funds.

Astre writes in a conversational style and makes industry jargon easy to grasp. He also offers a comprehensive step-by-step plan for achieving financial independence.

Kirkus Reviews The current landscape of personal finance is far more complicated than that of your parent’s generation, but with greater complexity comes the luxury of more options. After exploring the evolution of retirement planning, Astre moves through the many options available to investors today: "Getting Started the Right Way," "Debt," "Building Your Portfolio," "Life Insurance," "Risk Management," "Estate Planning," etc. His energetic tone reflects his philosophy for retirement investing, which is to take a proactive approach and tailor the portfolio to the individual needs of each reader. Each chapter ends with a "Progressive Plan of Action," a brief bulleted recap that offers actionable items for the reader. With simple graphs and diagrams, as well as copious real-life examples, Astre boils down the labyrinthine world of investment to a manageable guidebook. He also distills the concepts of his book even further with a list of "Prosperity Points," his "latest cutting-edge financial and tax strategies." Especially helpful are the numerous worksheets at the back, which provide tangible examples of the concepts discussed. Astre’s method is systematic and deliberate, laying the groundwork for a successful financial portfolio and happy retirement.

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Product Details

• Paperback: 320 pages
• Publisher: Entrepreneur Press; 1 edition (July 12, 2005)
• Language: English
• ISBN-10: 193253153X
• ISBN-13: 978-1932531534
• Product Dimensions: 9.2 x 7.3 x 0.8 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,030,306 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 25 people found the following review helpful:

5.0 out of 5 stars Good view of the modern situation, August 27, 2005

By 

John Matlock "Gunny" (Winnemucca, NV) - See all my reviews
(REAL NAME)   

This review is from: This is Not Your Parents' Retirement: A Revolutionary Guide for a Revolutionary Generation (Paperback)

I think he really means grand parents, not parents. Or, then again, what he is really referring to is perhaps only a dream of what should have been. At any rate, the old story is going to work for a giant company, working your entire life for that same company, married (forever, no divorcing), 2.4 kids, retiring at 65 and kicked the bucket five years later.

Instead, my parents worked for the same company for 30 years, the company got sold, both companies had too many people and my father was out of a job in his late fifties. His company retirement plan was out the window. You had best plan for a life with some ups and downs like this. And Mr. Astre does an excellent job of presenting you with the options that exist in today's world. He talks about all the different kinds of investing, the implications of the IRS being your partner for life, basically he covers the classical approach to financial planning the will work for some people.

I particularly like his twelve 'Prosperity Points." These are things like protecting yourself from Lawsuits, Audit-Proofing your Tax Return. My only complaint would be that it doesn't go quite far enough. He needs a few more points. I'd suggest:

13. Divorce - If you're male, your savings, retirement, etc. get wiped out. If you're female, you don't get anything. Sound stupid, go talk to ten divoced people.

14. You plan to spend your retirement driving around the country in your motor home. Today oil is $67 a barrel. Suppose it goes to $200 and fuel is $10 a gallon, do you still like that motor home?

15. Retirement is fun. Nursing homes for the last few weeks/months/years are not, and they are very expensive.

16. Can you retire? I can't. I started my own business and work 50-60 hours a week, but then take off 3-4 months a year. I haven't touched savings.