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Save Your Retirement: What to Do If You Haven't Saved Enough or If Your Investments Were Devastated by the Market Meltdown Paperback – May 29, 2009
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From the Back Cover
- Where to move your savings
- How to recalculate what you'll really need to retire
- How to assess when you can now afford to retire
- How to change your approach to investing
- How to use the federal tax system to save more
- What to expect from Social Security now
About the Author
Frank Armstrong, III, CLU, CFPTM, AIFA, is the founder and principal of Investor Solutions, Inc., a fee-only registered investment advisor. He has more than 35 years’ experience in the securities and financial services industry. His bestselling book, The Informed Investor, was cited by BusinessWeek as one of the best investment books of the year, and his previous book, The Retirement Challenge: Will You Sink or Swim, received rave reviews.
Frank was named by Barron’s as one of the top 100 independent financial advisors in 2007 and again in 2008. He was a featured columnist on Morningstar.com for a number of years and is a frequent contributor to The CPA Journal and Physician’s Money Digest. He has appeared on “CNN Headline News,” “Your Money with Stewart Varney,” “PBS Morning Business Report,” CNBC, “Money Life with Chuck Jaffee,” and public radio stations around the country. Frank is widely quoted in the media, his articles appear in major financial magazines and Web sites, and he lectures nationwide on principles of investment management.
His first publication, Investment Strategies for the 21st Century, was one of the first books ever published and serialized on the Internet in multiple languages.
A Vietnam veteran and former Air Force pilot, Frank flew 250 combat missions in Southeast Asia. He currently lives in Coconut Grove, Florida, with his wife, Gabriele, and enjoys boating, deep sea fishing, scuba diving, windsurfing, reading, and travel.
A long-time contributor to The New York Times, Paul B. Brown is the author of more than a dozen business books, including Grow Rich Slowly: The Merrill Lynch Guide to Retirement Planning (written with Don Underwood), as well as the international bestseller Customers for Life (written with Carl Sewell).
A former writer and editor at BusinessWeek, Financial World, Forbes, and Inc., Paul hosted his own nationally syndicated, three-hour personal finance call-in show heard daily on the Business Radio Network for a number of years. He is “the financial expert” at ThirdAge.com and a contributing editor to both M.I.T.’s Sloan Management Review and The Conference Board Review. He lives in Duxbury, Massachusetts, and Anna Maria, Florida.
Top Customer Reviews
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
It's really mostly the gloss they put on it as an excuse to write yet another book on a tired subject. Basically, they suggest you not retire if you can't afford it. Sorry, spoiled it.
But I liked the book overall. I found the structure to be useful, segregated out into different chapters depending on how many years out you were. There were some useful nuggets. As I say, "rules of thumb work pretty well for people with thumbs."
Although I mostly liked it, I had two quibbles about this book. One was that they starkly say "don't buy annuities". Money managers have a HUGE bias against annuities. I really wish people would talk more about the risks and benefits of annuities, because I can think of at least two different scenarios where "definitely buy annuities" would be better advice. Most of the time the correct advice is "consider carefully whether to buy an annuity, because it may be appropriate in your situation and you won't find out from an annuity salesman." That means you DO need to find out from books like this, and it totally dropped the ball on it.
The other quibble was that it didn't really talk about percentages you need to be saving. I've seen some really decent scholarship saying that the savings RATE is really super important, more than the amount you've got saved at any given moment, in terms of being able to reproduce your desired lifestyle.Read more ›
Most Recent Customer Reviews
Great book! Alot of tips and help in understanding decision making
Process at this time of your life. A great read for years prior to