Average Reviews:
(More customer reviews)I purchased this book because amazon.com alerted me to it and because it had all
5* customer reviews. After having read it I have mixed feelings about its usefulness :
On one hand, it provides a good overview of the financial planning process that needs to be followed to determine how much to save for retirement and how much to withdraw during retirement. It also provides a good overview of some of the retirement income products/annuities, and it has helpful checklists to select a financial adviser. Furthermore, I found the chapter on reverse mortgages a useful
introduction to a very complex subject, with several helpful web sites listed.
On the other hand, the book is not detailed enough to do a financial plan, i.e. establish an affordable expense budget in retirement that includes determination of the amounts that can be safely withdrawn from investments. There are better books available that include detailed worksheets to do this, such as J.K.Lasser's "Your Winning Retirement Plan", or "Getting Started In A Financially Secure Retirement" by Henry Hebeler (both of these books also refer the reader to useful
web sites for DYI financial analysis/modeling).
Part II ("Evaluating Retirement Income Products) provides a high level overview of annuities, enough to probably confuse/scare most readers to avoid these products altogether or to see a financial adviser (perhaps this is intentional).
Appendix D contains an interesting case study with a complete retirement plan; unfortunately it is presented without any explanatory comments accompanying the individual worksheets, thus leaves the reader with many questions as to the details/logic of the plan.
In summary, this book provides a good overview of the retirement planning process and does an excellent job cautioning readers about unscrupulous financial advisers, sales tactics and investment scams. It is, however, not detailed enough to be a "hands 0n" how-to-do-it guide with which people can do their own financial retirement plan.
Click Here to see more reviews about: The AARP Retirement Survival Guide: How to Make Smart Financial Decisions in Good Times and Bad
Bank bailouts. Ponzi schemes. Plunging financial markets. Given today's dire headlines, planning a secure retirement has become a more critical task than ever.Now, for Americans seeking safety and stability in a time of wrenching economic change, comes investment educator Julie Jason with this no-nonsense guide, which won the award for Best Personal Finance Book at the International Book Awards and was chosen as the top business book by Booklist. It offers time-tested, rock-solid retirement advice for people of every income level: in addition to showing those on the verge of retirement how to create their own "personal pension," Jason deftly guides prospective retirees through the otherwise bewildering process of evaluating their needs, anticipating future expenses (and managing current ones), and converting present assets into future retirement income. To achieve this goal, she assembles-and shares with the reader-an entire tool kit of self-assessments, tables, checklists, and essential questions.
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