Is Your Three-legged Stool Broken?
Conventional wisdom tells us to use the three-legged stool theory for retirement planning: (1) our 401(k), 403(b) or 457 plan, (2) income from social security and (3) our personal savings. But what happens when one leg of our stool is broken and another leg is completely missing?
Social Security recently announced to its trustee board that the social security fund will be depleted by 2034. Today, only an estimated 21% of Americans participate in a defined benefit pension plan where they are guaranteed to receive some sort of monthly benefit which means the rest of us, a whopping 79%, will have to rely on our 401(k), 403(b) or 457 plan to carry us through retirement.
Retirement is very personal. Once size does not fit all. Everyone deserves a retirement that gives them freedom and security. But do you know how much you need to save for retirement?
Let's Demystify Retirement
*1st Place Winner 2020 PenCraft Book Awards*
Retire Not Expire by J. L. Edwards is a true guide book for anyone who anticipates being around to retire sometime in the future. It is a well-written book with great insight into today's often complicated world of investments. This short but insightful book is a friendly/casual read, not dry at all—like many similar books. There are real experience examples—many of which seem quite familiar—that will help you focus on a map to help navigate to your retirement. The book offers a very balanced, simplistic no-frills approach to reaching your retirement objectives. The book's goal is not just helping you have the cash to live on in retirement, but the planning to have the life that you have dreamed and imagined. It is a book filled with wisdom on making the choices that are best to optimize your future retirement.
The book is not just about crunching the numbers, but the social and psychological impact of transitioning into retirement. It's about transitioning into a life of more freedom and control. The book is filled with the wisdom you need to make the choices that are necessary to optimize your future retirement. The day of retirement is something that we all face, and yet so many of us either haven’t prepared or have accepted that we must just keep working till our last day. There is a difference between retiring and barely making it and retiring successfully and enjoying life at its fullest.
https://pencraftaward.com/book-reviews/j-l-edwards/retire-not-expire-plan-your-transition/
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