A guide that gives you the elements so you can define your retirement plan.
It is a totally recommendable book, very well written, well structured with advice worth considering. All financial advice is welcome and necessary, and this book should also be considered by young adults as a priority, as it takes years to accumulate reasonable retirement capital and all medical care that comes with old age.
Joseph Stark begins by giving us an overview of recent economic crises and the disappearance of pensions that have led to a Retirement Crisis. He goes on to detail the most relevant points to be taken into account in order to prepare a solid actionable retirement plan in the face of the new challenging circumstances, and also provides a 12 step plan. He then explains how secure Social Security is, how the volatility and risk of the current markets (and the investment time frames) affect the plan, and also tools for retirement planning are explored.
In case you are retired or close to doing so, and you have less time to accumulate a reasonable retirement capital, the author proposes an alternative to assure you monthly payments regardless of whether you have a pension and life insurance that covers all expenses Extra (contemplating that you live longer and require more capital to cover them). For this purpose he advises us about the annuities, and explains the different types that we can contract, the options that exist to fit our needs and lifestyle, the precautions we must take, ... so that the savings can become a yearly/monthly income stream. It also helps us easily to do all the calculations necessary to develop our plan for retirement.
My gratitude to the Publisher and NetGalley for allowing me to review the book