Keys to retirement planning
Another chapter discusses longevity and how long you might expect to live given your current age. For example, a 50-year-old male expects to live another 25.5 years while a 50-year-old female expects to live another 29.6 years. Such a table gives an idea of how long your kitty must last.
The basic investment vehicles, such as bonds, money market funds, treasury securities, stocks, and mutual funds, tax-exempt bonds, etc., are discussed. Asset allocation is briefly mentioned.
Keys To Retirement Planning also discusses IRA's, Keogh, SEP, 401(k) and other tax-deferred ways of investing. The book was written in the early 1990's and there is no discussion of Roth IRA's.
Another chapter discusses Social Security Benefits. Estate planning is also mentioned. Overall, Keys To Retirement Planning is a decent introduction to retirement planning. However, it is probably only a good introduction. You will probably want to consult other sources to learn more about investing, estate planning, and other retirement planning topics.
The book ends with a mention of the various financial planning experts such as money managers, stockbrokers, accountants, lawyers, etc., and how they can help you. Again, Boroson counsels, the key is finding an intelligent, knowledgeable expert who has your own interest at heart, rather than someone who just desires to spend your retirement money on his "investment" opportunity.
Becoming financially savvy by reading and learning about investments and personal financial planning is a good start for planning your retirement effectively. Keys to retirement planning,
Source: bainvestor
