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Download Retirement Breakthrough: The Safe, Secure Way to Guaranteed Income You Can't Outlive--in Any Economy fb2

by Dick Duff
Download Retirement Breakthrough: The Safe, Secure Way to Guaranteed Income You Can't Outlive--in Any Economy fb2
Personal Finance
  • Author:
    Dick Duff
  • ISBN:
    1608320251
  • ISBN13:
    978-1608320257
  • Genre:
  • Publisher:
    Greenleaf Book Group Press; 1 edition (June 1, 2010)
  • Pages:
    232 pages
  • Subcategory:
    Personal Finance
  • Language:
  • FB2 format
    1896 kb
  • ePUB format
    1420 kb
  • DJVU format
    1554 kb
  • Rating:
    4.3
  • Votes:
    668
  • Formats:
    txt mobi mbr lrf


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Retirement Breakthrough book. Goodreads helps you keep track of books you want to read

Retirement Breakthrough book. Goodreads helps you keep track of books you want to read. Start by marking Retirement Breakthrough: The Safe, Secure Way to Guaranteed Income You Can't Outlive-in Any Economy as Want to Read: Want to Read savin. ant to Read.

Retirement Breakthrough : The Safe, Secure Way to Guarenteed Income You Can't Outlive - in Any Economy.

So if you want guaranteed payments you can use to cover living expenses right now, an immediate annuity . This retirement income calculator can help you assess your chances of depleting your assets at different withdrawal rates.

So if you want guaranteed payments you can use to cover living expenses right now, an immediate annuity is the way to go. On the other hand, if you're okay relying on Social Security (and a pension, if any) plus withdrawals from your savings for income for now, but would feel more secure knowing those guaranteed payments will kick in later in life should you spend down your nest egg too quickly, then a longevity annuity may be the way to g.

Retirement breakthrough. the safe, secure way to guaranteed income you can't outlive-in any economy. 1st ed. by Richard W. Duff. Published 2010 by Greenleaf Book Group Press in Austin, TX. Written in English. Relying on more than forty-five years of experience as a financial consultant, Dick Duff explains how anyone can use sophisticated financial planning concepts usually reserved for America's wealthiest. These techniques will help guarantee that your retirement income comes on time and all the time.

Here are six ways you can plan ahead to ensure you have a reliable income in retirement. With pensions, you build up the benefit over your working life and then receive a guaranteed monthly check in retirement. 1. Create a Social Security claiming strategy. Social Security is often the first thing people think of when it comes to retirement income. After all, it’s a steady income we receive, after paying into the system through our working years via a payroll tax, that grows with inflation without our needing to take risks. And it’s largely automatic. Pensions are much rarer these days, with only about one-quarter of employees saying they still get them.

You can approach your long-term employer about a partial retirement, or. .

You can approach your long-term employer about a partial retirement, or pursue something new if you can't bear to keep plugging away at your current job any longer. The key is to generate enough income to avoid depleting your nest egg prematurely. 2. How much of my savings do I plan to withdraw each year? The key to stretching your nest egg is knowing how much of it you can afford to withdraw annually during retirement. If there's one risk you can't afford to take as a senior, it's outliving your savings and scrambling in your old age. So don't put yourself in that situation. Assess your personal risk early on, and take steps to compensate.

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You can only estimate how many years you will live, and you have to manage your finances so your savings will last for that .

You can only estimate how many years you will live, and you have to manage your finances so your savings will last for that unknown number of years. Here are some ways to make sure you will have money coming in, no matter how long you live: Social Security. Social Security is your first line of defense against outliving your savings because these payments will continue for the rest of your life and are adjusted for inflation each year.

Retirement plans will now have "safe harbor" from getting sued if an annuity company goes under or fails to make . Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours

Retirement plans will now have "safe harbor" from getting sued if an annuity company goes under or fails to make payments. Therefore, it is likely that many 401(k)s will start offering annuities as an option. Annuities are not an investment, they are an insurance product. Like any insurance product, many mathematical minds have been put to work to ensure that the insurance company comes out ahead. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).

Searching for a safe, sane, proven way to a secure your retirement? Look no further than Retirement Breakthrough. This easy-to-follow, comprehensive guide is packed with financial wisdom relevant for today's turbulent times. This book delivers the key information that will help you breakthrough to a world of financial possibilities--all within your grasp.

Relying on more than forty-five years of experience as a financial consultant, Dick Duff explains how anyone can use sophisticated financial planning concepts usually reserved for America's wealthiest. These techniques will help guarantee that your retirement income comes on time and all the time. Duff explains How to determine how much income you ll need in retirement How to withdraw money from your life insurance policies How to use annuities to optimize your retirement income How to make maximum use of assets you already have, such as IRAs and your home How to protect your assets and income from unwanted claimants and unnecessary taxes If the idea of annuities, IRAs, and retirement intimidate you, let this book be your income bible. Retirement Breakthrough can help you build peace of mind that will last a lifetime.


Deodorant for your language
Consumers need to read this book, it does help the everyday person better plan for the retirement years they have always wanted.
Binar
First off, I don't think I'm the intended audience for this book, so take this review with a grain of salt...

This book is geared towards the older generation that is most likely only a few years away from retirement or already find themselves retired. I was more looking for a book suggesting ways to sustain and improve your wealth leading up to retirement.

A good portion of this book is dedicated to various types of annuities. I've consumed several retirement investment strategies over the last few months, and nearly all of them, which were written by people in the financial industry for 20+ years, recommend against annuities. In one respect, it was refreshing hearing the counter argument.

Mr. Duff takes an unconventional approach to sustaining wealth and passing it along to future generations. Many of his ideas involve purchasing a sizable annuity with what I consider a fairly hefty annual premium (typically in the range of 5k+). In the grand scheme of things, 5k/year is a small amount if the plan will pay out roughly 100k, but sustaining the 5k was my main concern. Duff easily assumes that it is no problem coming up with this money year after year, which may or may not be true.

This is a great book for older, wealthy people who have maxed out all of their retirement options and want to pass along even more to future generations. Otherwise, I'd look elsewhere on retirement and investing options for those of us who are not independently wealthy or were lucky enough to be born rich.
Vital Beast
Book review by Richard L. Weaver II, Ph.D.

This is a terrific book.

It is true that it has a direct application to where I currently am in life, and relevancy is important when reviewing books, but Duff really speaks directly to readers with thorough explanations, explicit details, easy-to-understand examples, and material that has to impact almost everyone in life -- those just graduating from college, beginning a professional career, nearing retirement, of already retired.

Now, I have to admit, I am not an economist, a CPA, a financial advisor, a banker, or anyone else in possession of information like this. What that means is simple: Much of this information was new to me. I've done little investigation on my own, and I have dumped my SEP (self-employed pension) into one account, and I let my investment adviser guide me in what to do every time money becomes available. That is precisely why I found much of this information eye-opening and worthwhile. I plan to make use of Duff's suggestions at my earliest convenience (whenever that occurs!).

Before embarking on this book, let me advise readers with one insight: There are lots and lots and lots of numbers here. There were times when I had a hard time following all of Duff's mathematics; however, with greater concentration, and given more time, I am certain I can master his information. It really isn't that complex, it just requires some time to allow it all to digest.

What I especially enjoyed was Duff's frankness and honesty. He wasn't afraid to tell you what not to do, which were bad moves to make, or unwise decisions and investments.

Duff's forty-five years of professional experience as a financial and estate planner becomes clear early in the book. I think, too, that if readers are interested in taking control of their retirement income, that is, that their retirement income comes on time all the time, then this book is a "must read."

You will not only learn how much retirement income you are going to need -- the formula is provided and sample calculations are offered -- but you will learn how to withdraw money from life insurance policies, use annuities to optimize retirement income, make maximum use of assets you already have, as well as shelter your income from unwanted claimants and unnecessary taxes. Duff's ideas are solid, explained effectively, and what we all need.

If it isn't obvious already, I highly recommend this book. It is well-written. There are moments of humor, and the author's personality comes across in a delightful, quiet manner. He includes additional resources as well as a state-by-state asset protection guide. And the book is comprehensive and thorough. Having never read any other finance book or related material, I have nothing with which to compare this book, but I think this one may become a benchmark in this field.
bass
I am so glad I got this book, this is definitely a book loaded with information you need to know if you are nearing retirement!