Book description:Eight simple strategies for getting your retirement portfolio back in shape
Is Social Security about to collapse? (No.) Is Wall Street totally corrupt? (Nope.) Did the government bailouts benefit only “insiders”? (Absolutely not.) Is the American Dream dead? (Not on your life.)
Myths, misconceptions, and misinformation perpetuated by politicians, the media, and other self-interested parties can have a devastating effect on your retirement portfolio. After all, if you’re working with the wrong information, how can you make the right investing decisions?
Mike Egan, a financial advisor for both individuals and corporations, has worked on Wall Street for more than 20 years. He handles millions of dollars at a time. He knows how it all works—and he’s here to tell you that a lot of what you hear just isn’t true.
In Your Stronger Financial Future, Egan busts the most powerful myths that are affecting your retirement plans and provides simple but highly effective strategies you can use to start turning your portfolio around today. Egan’s eight retirement-investing maxims include:
Count on Social Security—but make it only part of your overall plan
Identify the inflation-adjusted amount you need at retirement
Get a licensed financial advisor who really understands Wall Street
Maintain your own personal “bailout fund”
Build savings rather than accrue debt
Use annuities to account for longevity and healthcare
Two things are standing in the way of you and your dream retirement: misconceptions and presumption. Transcending the negative psychology that misdirects your investing performance is easy—you just need the right information and new strategies to replace the old ones. Your Stronger Financial Future delivers both.
Sometimes changing course midstream is a good thing. Now is the time to reassess your outlook, rethink your finances, and reposition yourself for a stronger financial future.
Eight simple strategies for getting your retirement portfolio back in shape Investing
“Egan tears down the bad habits and bad ideas that prevent investors from taking charge of their financial lives. He offers eight valuable strategies for making profitable investments—strategies badly needed by millions of boomers trying to save money for retirement. Don’t miss it.”—Stan Hinden, author of How to Retire Happy
“American workers’ confidence in their ability to achieve a financially secure retirement is low. Mike Egan provides a compassionate wake-up call to Americans, along with tactical solutions to set their paths straight toward a retirement that’s attainable. A must read.”—Catherine Collinson, President, Transamerica Center for Retirement Studies®
Your Stronger Financial Future examines the eight dominant myths that influence most investors’ decision-making—and lead to financial loss and flimsy retirement portfolios. Learn how to navigate the most powerful psychological obstacles that keep you from gaining control over your money and realizing measurably better results.
Are you susceptible to the most common financial myths, such as:
Myth: Social Security is on the brink of collapse Truth: Social Security is more secure than the dollar
Myth: Government bailouts are for the insiders, not you Truth: The bailouts saved us all from total collapse
Myth: Leverage is the key to prosperity Truth: Leverage is debt—and is almost always a bad idea
Myth: Free healthcare for everyone! Truth: Healthcare costs will be a substantial portion of your budget
