In thinking about your own retirement, does it seem “more probable” to you that your MONEY will outlive you… or that YOU will outlive your money? In either case, the proven strategies in this book can safely make your savings work much harder.
This book is a must have for people who are already retired or within just a few years of their retirement. If this describes you, please keep reading.
But if you are more than 5 years from retirement, please search for his book “Stress-Free Retirement Planning” on Amazon, which will be more appropriate for you.
In thinking about your own retirement, does it seem “more probable” to you that your MONEY will outlive you… or that YOU will outlive your money? In either case, the proven strategies in this book can safely make your savings work much harder.
This book is a must have for people who are already retired or within just a few years of their retirement. If this describes you, please keep reading.
But if you are more than 5 years from retirement, please search for his book “Stress-Free Retirement Planning” on Amazon, which will be more appropriate for you.
“Recession-Proof Retirement” shows retirees how to safely increase your interest income, reduce your income taxes and/or predictably increase your security, wealth and legacy.
A successful retirement is no longer a “slam dunk”. With fewer retirees getting sizable pensions, the lingering effects of the great recession of 2008, a decade of stock market volatility and continuing historically low interest rates, managing finances for a long and prosperous retirement can be tricky for all but the very wealthy.
As a practicing Certified Financial Planner, Mr. Orr likes to start a retirement income discussion with this fact. There have been 23 economic recessions since 1900 and more will follow. They can all adversely & permanently impact a retiree's lifestyle and/or their hopes for leaving a meaningful legacy. On average, one happens about every five years, so you will likely experience 5-7 recessions during your retirement.
Have you recovered from the last two recessions yet? Are you fully prepared for the next one? If not, what are you going to do differently?
Along with the high likelihood of living through more recessions, longevity and inflation are the big demons to beat during retirement. Many retirees have yet to fully consider, plan and invest for these nearly inevitable occurrences.
That could be an awful mistake unless you have more than a $1,000,000 in savings, a large pension that you both can count on… and you don’t rely
on 2 Social Security checks each month. What will happen when one of those Social Security checks stops coming in?
The average lifespan of Americans has been rising for many decades and will continue to do so with medical advances. A couple aged 62 today, has a joint life expectancy of age 92 - so at least one of them is likely to live until age 92 or even longer. So we should really plan for a 25-35 year retirement income stream.
However, we can’t forget about inflation risk over the next few decades. Every year, everything that you buy will cost more. At 3% inflation, your cost of living will double in 24 years. With inflation factored in, we need to plan for
a 25-35 year “rising income” -- as your cost of living during retirement will probably double. One cannot afford to wait and deal with this looming economic “time-bomb” later.
With that in mind, retirees need secure places to put their money that provide decent returns that safely beat inflation over the next 2-3 decades, provide great liquidity at any time, offer flexibility and much more.
This book shows examples of how his clients are using these financial strategies and solutions for a more secure monthly income. The income planning strategies combined with what he believes are some of the best types of retirement investments to beat inflation and your likely longevity.
If you are closed-minded to new retirement income methods, this book is not for you. You will not read about old, failed methods.
These safe financial vehicles can be perfect CD, bond and annuity alternatives for a safe place for retirement savings and IRAs. They come with much flexibility and other valuable benefits for you and your family. And this book is NOT about index annuities which so many annuity salespeople are pushing onto seniors.
The educational and easy-to-understand information in this book can provide security and new long-term rising income solutions for
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