Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010159270 | HG179 A525 2007 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
This is a prescriptive and contrarian personal finance book geared towards baby boomers looking at retirement. It presents pathways to reaching financial security, regardless of one's age.
Reviews 1
Publisher's Weekly Review
Baby boomers, take note: traditional retirement savings wisdom won't yield you enough to live on in your golden years, warns financial adviser Andrews (Missed Fortune, etc.). Today's boomers are facing retirement with savings of (on average) an inadequate $50K and are relying on outdated financial strategies to carry them through. In a clear, firm tone, Andrews explains that socking away all your savings in a 401(k), paying off your mortgage and buying a vacation home only after your primary home is paid off are all worn-out Depression era truisms that no longer apply when boomers may live 20 or even 30 years past retirement age. Andrews's last-minute catch-up plan for safely generating a livable income within the years, not decades, left until retirement mixes familiar wisdom-take advantage of compound interest, tax-favored growth and safe, reliable leverage, and don't depend on Social Security-with a refreshingly down-to-earth plan for becoming a "Thriver," whose money is busily working away, tax-free or tax-reduced to provide stability and enjoyment in the golden years. This is no bathtub reading-the text is heavy on charts and graphs and percentages-but the conversational, sympathetic voice serves as a wakeup call for boomers without enough saved. (June) (c) Copyright PWxyz, LLC. All rights reserved
