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Very useful points but not the most entertaining readIt felt like the author needed to stretch it out to give you your moneys worth so I did find it very repetitive With that said there was plenty of great info throughout and the concepts The author definitely presents some out of the box concepts that will make you rethink retirement While trying to predict exactly how much money you will need to retire produces some anxious thought with most of us the author does a great job of demystifying this whether you have 15 years left or 30 years as your goal for retirement Great book on retirement planningRegardless of your age you can apply the principles in this book to build a durable and flexible money management strategy Highly recommended A fast read Nothing Earth shattering but some different takes than the usual Monte Carlo modeling I learned a fair amount and appreciated the links to his calculators which are excellent and better than most The links don t work from my paperwhite Kindle though but are accessible via the author s website If you are thinking about nearing or obsessing about retirement as I am these days this book is worth the time As my friend Penny already said you need alot But thinking about building multiple passive income streams and thinking about new ways to plan how much to withdraw from savings based on the current economic signals was a worthy study Continuing EducationThis book is part of the process of continuing education reuired in personal financial matters The information makes sense is well laid out and is enlightening as to what we can and can not control in our financial futures There is a bit of math involved but it s well explained and simplified This is not a book to begin your investme. It seems so simple doesn’t itPlug a few numbers into a retirement calculator and presto You have an accurate answer for how much money you need to retireUnfortunately it doesn’t work that way The conventional approach used by experts to determine how much money you need to retire is fundamentally flawed The worst part is you won’t even now it until it’s too lateThis book takes you behind the scientific facade of modern retirement planning to reveal• Why most estimates for how much you need to retire are a case of garbage in garbage out causing you to either overspend and run out of money or unde.
Ned out dude sells annuities for a living Annuities Just say no in many casesI thought the author here did a very good job of blocking everything into digestible ideas and his breaking things into 3 planning tactics that mesh seems a very good idea to meIf I were to bring up things in the book I didn t find that useful While his 2nd plan tactic where you find other methods of coming up with recurring income is absolutely a good one some of the examples really didn t seem feasible to me BUT that whole section s premise was to think outside the box and come up with things that will work for you so probably can t count those particular examples as negatives in contextThe only other negative would be a section or three where he essentially said the same exact thing multiple times over seuential paragraphs while those ideas were important I think a little editing might have refined the delivery a littleI think the best target person to read it would be than 10 years out to give them time to implement that second plan type of recurring passive income before it is too late to get it rolling In a perfect world I think someone 20 or years out would do well to read it then refer back to it at intervalsOverall I count this among the top of the pile of books I ve read on the topic in the last two year and would definitely recommend This book provides additional tools to add to your retirement planning toolbox to help you better predict your fund targetwhile I don t think the concepts are new he applies the concepts in ways that may not be common practice These methods help provid Great readWell rounded approach to retirement that covers all the basic in a straight forward manner Refreshing given the field flooded with so many how to guides. Live longer than expected• How Monte Carlo calculators cause a dangerous deception that can leave you broke• Explains step by step how to accurately calculate the amount of money you need to retire the very first time you try simply and without being a math genius• No computer software or online calculators necessary it’s that simpleIn one evening you can now about how much money you need to retire than your financial adviser This book is a practical no nonsense guide complete with a step by step plan that tells you how much money you need to retire with confidenceNo retirement is secure without
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Nt and financial nowledge with The terms used and concepts used are built on a basic understating of personal financial nowledge You could start with this book but for it to be effective you would need to use other references to fully grasp the information Like all good sources of information this one leads you to other things and stimulates your brain to look deeper It also involves the reader in that there is some work to be done to see where you are at personally with your financial goals The premise is simple spend less on stuff control your monthly costs to ensure it is less than what your investments produce and you will be eternally wealthy No uick fixes and no fast easy money ideas just some good ideas methods and basic calculators to make sense of it all A solid method backed by financial science Understanding your retirement goalThe author makes a typically complex topic simple to comprehend Never to late to pick this up and see where you are and what you need to do to get there Well Worth Your TimeThis is a solid book and the advice is simple but powerful I especially like the finalstrategy and agree with another review that referenced the Rich Dad booksstrategy I would encourage everyone to think about or brainstorm on actions that can have a huge impact as highlighted in the book spending less and savinginvesting I have been on a run of reading investing books to help me teach my teenagers the basics as well as retirement planning books figuring I m about 10 years away from that and looking to solidify my planningI have found that some books tend to harp on a single idea or not providing clear overviews of various topics and tacticsOne in particular ept throwing the idea of buying annuities in at every turn tur. Rspend so that you never get to enjoy your savings• The 5 critical assumptions that can destroy your financial security Which one are you making• 3 models for estimating how much money you need to retire your financial planner only nows 1 and it’s not the best• How to reduce the amount you need to retire by 300000–600000 or • How to plan for inflation changes in Social Security and much so you don’t run out of money before you run out of life• 7 creative ways to spend less while also improving lifestyle• 3 strategies to maximize spending today while protecting for the future in case you.