Cash Rich Retirement
"The average American today is more worried about having enough money for retirement than any other financial problems." Gallup Poll
"54 percent of adult Americans report that the total value of their savings and investments for retirement, excluding the value of their primary home, is less than $25,000." [Employee Benefit Research Institute]
The average American investing for retirement — that’s YOU — is not saving enough and not investing skillfully enough. Many people are trying to build a retirement nest egg by chasing after "hot returns" in real estate and stocks. Many are just beginning to recuperate from the heavy stock losses they sustained in 2000, 2001, and 2002, and are now investing in speculative ways in an effort to catch up. Most folks have no clear sense of today’s market and demographic risks and are wholly unaware of the dangers of investing according to conventional “stocks-when-you’re-young” advice. In fact, most have no inkling of the "boomer turmoil" that is gathering force or of the genuine threat that many retirement benefits might be cut or discounted. And most do not have adequate savings for even one and a half years of post-retirement income and health care!
That’s the bad news. The good news is that you and your retirement money don’t have to take it on the chin. You can achieve much better, less speculative and more stable investment returns — starting now!
Cash Rich Retirement is a book on investing and a unique call to arms — one that says, "Mr. and Ms. America, get back to basics!" A lot of the investment advice you’ve been getting over the past decades has been all wrong. Dead wrong! All the ballyhoo about investing to become a "401(k) millionaire" is utter rubbish. Preparing for retirement is not about amassing over-valued stocks or condos! It’s about producing real results and reliable, hard income — not bogus “paper wealth” with a pile of hyper-inflated stocks or "ready-to-flip" real estate properties that are going to clobber your retirement savings.
Cash Rich Retirement tells you how to avoid sustaining damage to your savings and how to build the retirement capital you need — just like the very wealthy who have millions of dollars to invest and access to the very best investment advisers. It’s a book that synthesizes my more than twenty years of experience as a senior wealth management executive advising the mega-wealthy. And it will help you to invest more skillfully and produce better results!