|Print List Price:||$14.95|
Save $4.96 (33%)
Don't Go Broke in Retirement: A Simple Plan to Build Lifetime Retirement Income Kindle Edition
Explore your book, then jump right back to where you left off with Page Flip.
View high quality images that let you zoom in to take a closer look.
Enjoy features only possible in digital – start reading right away, carry your library with you, adjust the font, create shareable notes and highlights, and more.
Discover additional details about the events, people, and places in your book, with Wikipedia integration.
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
"This is exactly what every pre-retiree needs--a simple framework for planning and maximizing your retirement income, within a structure that takes away much of the financial worry so you can relax and enjoy this next stage of life." --Terry Savage, author of The Savage Truth on Money and a nationally syndicated financial columnist
"Retirement shouldn't be about fiddling with spreadsheets or staying glued to CNBC. Don't Go Broke in Retirement teaches how to construct a solid financial plan for retirement in a straightforward, easy-to-implement way. This elegant volume gets right to the point so retirees can get on with their lives.--Christine Benz, director of personal finance and a senior columnist for Morningstar Inc.
"This valuable volume explains how middle-income households can make their retirement savings last the rest of their lives. It's written in clear English by a real expert, and the approach is simple. Buy the book, read it, and enjoy the security of knowing you won't go broke in retirement."--Alicia Munnell, Peter F. Drucker Professor of Management Sciences and director of the Center for Retirement Research, Boston College
"Whether in life or with one's finances, simple solutions are almost always superior. In his new book, Steve Vernon explains with brilliant simplicity how to worry less about money and enjoy life more."--Allan Roth, AARP Money contributor and author of How a Second Grader Beats Wall Street
"Steve Vernon's Don't Go Broke in Retirement is a well-written, smart book that really does offer a simple plan for building lifetime retirement income. Vernon's expertise, coupled with practical suggestions, provides real solutions." --M. Cindy Hounsell, president of the Women's Institute for a Secure Retirement (WISER)
"Steve Vernon does a masterful job explaining a simple approach toward building a retirement income plan that anyone can master. Job well done." --Wade D. Pfau, PhD, CFA, RICP, director of the Retirement Income Certified Professional program at The American College of Financial Services and founder of RetirementResearcher.com
"Steve Vernon has a gift for sorting through the clutter on retirement advice and focusing on the things that matter most. Don't Go Broke in Retirement is must reading if you're trying to decide when to retire and how you'll replace your paycheck after you quit work." --Mark Miller, retirement journalist, author, and podcaster
About the Author
Steve has served for more than seven years in his encore career as a research scholar at the Stanford Center on Longevity. Steve is also president of Rest-of-Life Communications, a company he founded that delivers retirement planning workshops and conducts retirement education campaigns. He has never sold insurance, annuities or investments, which enables him to be unbiased in his writing and recommendations.
Steve writes a regular column for Forbes.com where he addresses the critical topics facing people in retirement.
A Fellow in the Society of Actuaries, Steve graduated summa cum laude from the University of California, Irvine, with a double major in mathematics and social science.
Steve lives in Oxnard, California, with his wife, Melinda, where they're following the advice from his books for their own retirement and rest-of-life. For more information, visit restoflife.com.
- ASIN : B08D73BJDR
- Publisher : Rest-of-Life Communications (July 17, 2020)
- Publication date : July 17, 2020
- Language : English
- File size : 5438 KB
- Simultaneous device usage : Unlimited
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Print length : 186 pages
- Lending : Enabled
- Best Sellers Rank: #297,720 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
Full disclosure – I have worked with Steve for over 20 years and found him to be among the best actuaries I have ever worked with. I know from firsthand knowledge that he began thinking about the problem of how to develop an effective retirement income strategy well before most advisors recognized the difficulty of the problem. He has made a deep and thorough analysis of a wide range of strategies (292 to be exact) and written extensively on the subject for both professional and lay readers.
In this book he has distilled that work down to a single highly effective, easy to understand solution that is both practical and can be implemented by tens of millions of people all by themselves. Because he is also a great communicator, this book is easy and fun to read and unlike almost all the other “How to Retire Comfortably” books out there, Steve honestly and clearly describes the challenges and risks that most of us will face when contemplating retirement.
In the book, Steve also suggests that readers may still want to consult with an advisor about the implementation of his “Spend Safely In Retirement Strategy”. Maybe so, but if it was me, I would suggest that Steve’s book is all you need to work out your retirement strategy even though you may want to educate yourself further on what you have and what you need. You may also need to utilize a firm to help you implement the strategy, but in my view, most people will not need to look anywhere else for help in setting a strategy. For those who still want to get a second opinion, his advice to “look for advisors who will act as a fiduciary on your behalf” is well worth following.
Unfortunately, hidden agendas and conflicts of interest are endemic to the financial planning world and it is a rare book on the subject that is written by someone who like Steve makes no money whatsoever from selling financial products. Beyond that, it is very hard to find a book written by someone who knows what he is talking about, can explain it in a way that readers can understand, and whose advice is not influenced by how he/she is paid. “Don’t Go Broke in Retirement” is such a book, and I give it my wholehearted endorsement.
There are so many books out there about how to avoid running out of money in retirement. As a current retiree, it’s a very pertinent topic for me, but most of the approaches I've seen on this subject are just too complex to really understand well. Mr. Vernon’s “Don’t Go Broke in Retirement” is a breath of fresh air! As his subtitle suggests, his Spend Safely Strategy really is simple, and most people should be able to implement it without the help of a financial advisor (a big plus).
The book is relatively short (140 pages) and the basics of the strategy are provided in the first 50 pages. In the remaining pages, he describes some refinements and adjustments that can be used to tailor the strategy to different sets of circumstances that some people may have. And there are some easy-to-follow examples of how the strategy works in various situations, whether you are single or married. Then, in the Resources section at the end of the book, he provides links to some “bonus” material on his website and others, which should be helpful for those who want to dig in further. Having just finished the book, now I’m looking forward to exploring some of those resources myself.
I may have overthought this subject a bit before I retired, but with the information in Mr. Vernon’s book, now I know how to simplify my own spending plan and sleep better at the same time!
Although 'Simple' is used in the subtitle, don't be misled. This book is powerful, comprehensive, and most important - very readable. Mr. Vernon boils down the key concepts for success, without all the extra noise. Also, I was most impressed to read on page xvi of the introduction that he does not sell financial products or insurance, and thus is not influenced by guiding us to buy anything.
I'll leave the reading to you, but for me it all came down to this: I strongly believe that following this approach can lead you to have comfort that you are in a better position to create a lifetime monthly income than if you avoid planning. In the end, you're buying peace of mind. How can you put a price on that?
Finally, I was so impressed with the book I bought six (6) more copies to share with my siblings, who are all in the 50's and 60's, are not wired for technical things, and most likely have avoided planning. I don't want to be the only one in my family having retirement security because, while I'm on my way to affording a dream vacation house, there is not enough room for the 6 of them :)