Best Selling Retirement Planning Book on Amazon.com
The best selling retirement planning book, Securing a Retirement Income for Life, is frequently on the Amazon.com best seller list and shows how to manage your retirement savings with an investment strategy to achieve your retirement income goal, financial freedom and retirement security.
Investment Strategy
The second edition, published in 2009, is for those who are still saving for retirement and for those who are already retired. One of the most important things that readers will discover is that the investment strategy for someone in retirement is different from the investment strategy for someone who is still saving for retirement.
Protecting Your Retirement Savings
For those in the distribution phase, Chapter 7, Income Distribution: Making Your Retirement Income Last for Life is about protecting your retirement savings from changes in market conditions. A market decline soon after retirement could jeopardize the sustainability of withdrawals over the life of the retirement period. Since no one can predict what the market will do right after they retire, it is important to manage this risk and place some money in retirement savings vehicles designed to protect against a decline in the market. This is one of the most powerful chapters in the book in that it describes how to design an investment strategy with a mix of assets that will increase the probability of meeting your goal of financial freedom and security in retirement. Designing a retirement plan using an investment-based approach is only one part of the process, however. Securing a Retirement Income for Life is about using a combination of methods to ensure that your retirement income will last for life.
Protecting Your Retirement Income
If you are in the distribution phase, putting some money in retirement savings vehicles designed to protect against a decline in the market will reduce the probability of portfolio depletion. If you have abundant savings or if you are not taking money out of your portfolio (maybe an Accumulation Portfolio), then you would manage the overall investment strategy differently. In this case, a market decline could provide an opportunity to accumulate more investment shares at lower prices.
For those in retirement, the book in intended to provide strategies for managing, protecting and preserving the wealth they have accumulated while increasing the probability of meeting their goal of lifelong retirement income and security in retirement.
For those still saving for retirement, Securing a Retirement Income for Life is a retirement planning book that shows how much you need to accumulate to meet your retirement income goal.
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