"synopsis" may belong to another edition of this title.
But there are specific and individual answers. Nationally known personal finance expert, Terry Savage, shows you how to find the answers—whether you've saved a bundle over your lifetime, or haven't started saving at all. Now is the time to face the future. It may take some changes in your current lifestyle—or adjustments in your expectations—but in the end, it will all be worth it.
The Savage Number provides the hands-on techniques to plan a successful, satisfying retirement. Terry takes you beyond "guesstimates," average returns, sales pitches, and wishful thinking. Instead, she introduces you to the world of Monte Carlo modeling—the statistical science of modeling multiple alternatives to come up with a range of highly probable results.
That process, now becoming widely available, will help you identify your "Savage Number"—how much money you need to retire. The same process guides you through the critical decisions about how to invest your retirement money—and how much you can withdraw to live on—so your money lasts your entire lifetime!
Retirement planning is a careful balance between the risks of continuing to grow your money and drawing down living expenses at a rate that won't deplete your assets during your lifetime. Filled with in-depth insights and practical advice, The Savage Number takes the guesswork out of retirement planning, so you can overcome those obstacles and comfortably enjoy the rest of your life.
"At last there is one source, one comprehensive source for retirement savings and all of its implications. Terry Savage has done it again, put it all in plain English, for the millions of people who need to know what awaits them, financially, in their golden years. I get thousands of questions each week about this topic. Now I have the answers, from someone I would trust with my financial life. Great job Terry!"
—James J. Cramer, markets commentator, TheStreet.com and CNBC author of Jim Cramer's RealMoney: Sane Investing in an Insane World
"Chock-full of great information designed to help you plan your personal financial future."
—Bob Brinker, editor and publisher, Marketimer Investment Letter
"It is astonishing how little most of us plan ahead for retirement. Terry has done it all for us in this book."
—Jim Rogers, author of Adventure Capitalist and Hot Commodities
"Terry Savage takes the worry lines out of aging with this easy-to-use guide to planning for retirement."
—Diane C. Swonk, Senior Managing Director and Chief Economist, Mesirow Financial
"Terry Savage is a respected financial journalist and, as the first woman member of the Chicago Board Options Exchange (CBOE), knows the markets firsthand. In The Savage Number, she uses that expertise to demonstrate how a variety of investment vehicles can be used to increase retirement income, including an insightful look at how investors can write covered calls on stocks they already own. Overall, The Savage Number is a pragmatic approach to retirement planning filled with sound investment advice from a seasoned pro—I highly recommend it."
—William J. Brodsky, Chairman and CEO, Chicago Board Options Exchange
"The Savage Number greets you with cold realities and then shows you the path down the yellow brick road. It is a comprehensive and compelling guide to taking control of your financial future, from early saving and outliving your money Monte Carlo risk assessment to retiree health savings and long-term care. The bottom line: you can plan and choose to save, or you can work forever."
—Dallas L. Salisbury, President and CEO, Employee Benefit Research Institute
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Book Description Condition: New. New. In shrink wrap. Looks like an interesting title! 1. Seller Inventory # Q-0471727997