Name: Let's Do The Numbers: Creating Your Retirement Income
Price: 22.83 EUR
Availability: InStock
Author: Sender, Ian
ISBN: 9781502775528

portada Let's Do The Numbers: Creating Your Retirement Income

Let's Do The Numbers: Creating Your Retirement Income

Type

Physical Book

Author

Ian Sender

Publisher

Createspace

Language

English

Pages

Format

Paperback

Dimensions

22.9 x 15.2 x 0.4 cm

Weight

0.10 kg.

ISBN13

9781502775528

Synopsis "Let's Do The Numbers: Creating Your Retirement Income"

Spend $80,000 or $20,000 a year In my experience clients most satisfied with their retirement income were those that "did the numbers" themselves. They created the income level they enjoyed in retirement by working the numbers backward to determine how much to save and invest. After estimating their Social Security and pension benefits, they decided they wanted $40,000 a year from investments. They knew that inflation will reduce their retirement dollar to fifty cents over time. That meant that they needed a nest egg of over $1 million in order to take $80,000 in future dollars ($40,000 current). Since retirement plans (pensions and IRAs) allow money to compound WITHOUT taxes now, they used them at work and on their own. Younger clients have used Roth IRAs since it allows them to completely avoid income taxes on that money in time. I showed these clients how to use a calculator to find the http: //www.moneychimp.com/calculator/compound_interest_calculator.htm amount they needed to invest each year to reach their goal. You can reach $1 million in about 33 years by investing in a low-cost stock market index mutual fund inside a tax-FREE account. If you use a "managed" advisor/broker account, you lose. The average managed-investment account returns were 3.69% over the last 30 years according to Dalbar QAIB study. During the same period your returns could have been over 11% if you had chosen a low-cost stock-market-index mutual fund-your $250 monthly deposits would be worth only $200,00 instead of $1,000,000.

Customers reviews

Have you read this book? Login to add your review.

More customer reviews

0% (0)
0% (0)
0% (0)
0% (0)
0% (0)

Questions and Answers about the Book

Do you have a question about the book? Login to be able to add your own question.

Opinions about Bookdelivery

More customer reviews

Let's Do The Numbers: Creating Your Retirement Income - Sender, Ian

Synopsis "Let's Do The Numbers: Creating Your Retirement Income"

Customers reviews

Frequently Asked Questions about the Book

Is the book original?

In what language is the book written?

What is the format of this book?

Questions and Answers about the Book

Opinions about Bookdelivery