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How Much Money Do I Need to Retire?: Uncommon Financial Planning Wisdom for a Stress-Free Retirement (Financial Freedom for Smart People Book 5)-Todd R. Tresidder

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New and Revised for 2020!"This book is the best I've seen on how to navigate the retirement savings questions." (Forbes)"One of the best retirement planning books of all time" (BookAuthority.Org)"The Best Retirement Planning Books For 2020" (Benzinga.com)Learn how retirement really works before it's too late…Most so-called "experts" plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you'll either underspend and be miserable or overspend and run out of money. How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning.In this book, you'll learn: Why the best way to describe most retirement estimates is garbage-in/garbage-outThe five critical assumptions that can destroy your financial security How to reduce the amount you need to retire by as much as $600,000Three strategies to maximize spending today while protecting for the futureHow to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius“I agree wholeheartedly with his various conclusions here.” (Wade Pfau, Ph.D, CFA, Professor of Retirement Income, American College)“Top 5 Best Books About Saving For Retirement” (FunnyManFinance.Com)“12 Books That Will Make You a Financial Expert in One Year” (ESIMoney.Com)Read this book to know more about your retirement planning than your financial adviser. Tresidder's book contains refreshingly straightforward, easy-to-understand, and concise advice on how to retire wealthy. This missing link of personal finance books will make you sleep easier. No retirement is secure without it. Buy the book today so you can retire with confidence!

Book How Much Money Do I Need to Retire?: Uncommon Financial Planning Wisdom for a Stress-Free Retirement (Financial Freedom for Smart People Book 5) Review :



This book is extremely frustrating. I bought it as I'm 1/2 way through my nest egg FIRE journey and looking forward to hanging up my corporate job. I wanted to get some good budgeting guidance to validate my plan. This book is written to blow up plans, with scare tactics about interest rates and valuations that rely on historical data, while downplaying the role of historical data related to rates of return. There were years, with bad political decisions and poor global integration, that did have inflation spikes, but to plan for 3% forever inflation seems worse than planning for 10% ROI annually; it's simply not realistic when the Fed & Government want to prevent that from happening. Worse, this is all done to lead into the conclusion of the book, which basically is "start a business and buy real estate for cashflow to never worry about nest eggs"... this is stupid. Why? Because if I wanted to start a business, it's safer to keep my job. Real Estate is also a full time job and headache. The point of retirement is to enjoy it, have leasure and time to travel. if I'm tied to a small business and real estate, then why bother retiring. Keeping a basic job seems easier than the complicating factors of businesses and real estate. Most new businesses fail anyway, so it seems like horrible advise to use faulty logic to scare the reader into starting a business, buying annuities (yack!) and real estate. I wanted to know how much money I needed, and in the end, this tried to distract me into continuing working, but only for myself, with all the risk of being a middle aged single proprietor. I think I'll keep my job a few more years and make sure my nest egg is solid, and avoid all the work and headache of real estate and business ownership. I'm surprised he didn't recommend Franchises at one point!
This book is a fantastic eye opener about the shortcomings of current retirement thinking. It gets a bit heavy in the middle but I would suggest you stay with it. It doesn't just expose the holes in the Retirement Planning Industry's "Preferred Model" It offers a viable, safer alternative whilst showing you how to retire better and earlier. If you have 20 or more years left until retirement this book is a should read soon. If you have less than 20 years until retirement this book is a must read now!JMc

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