Description
Successful retirement planning involves far more than choosing investments.
It requires coordinating retirement income from savings, Social Security planning, taxes, market risk, inflation, the potential early death of a spouse, and perhaps long-term care planning -- over a retirement that may last 30 or more years.
When those paychecks stop -- it's gametime.
Most retirement books focus on one piece of retirement planning -- investing, Social Security, taxes, or annuities. Very few show you how all the pieces fit together and connect the dots.
That's the problem The Retirement Masterclass solves.
Written for pre-retirees and newly retired individuals (ages 55-75), this book brings together the most important information and strategies from his five best-selling retirement planning and personal finance books into one clear, easy-to-read roadmap.
Most people only retire once. They spend decades saving for the retirement of their dreams. However, very few learn how to generate a reliable monthly income from those savings -- without taking unnecessary risks. More importantly, very few are confident about how much after-tax income they can safely spend without running out of money.
The accumulation phase and the retirement withdrawal phase are completely different. At retirement, stock market risk feels different. Taxes matter more. And mistakes in retirement income planning are far harder to fix.
In The Retirement Masterclass, Mark J. Orr, CFP®, explains how to coordinate retirement withdrawal strategies, Social Security planning, retirement tax planning, risk management, and long-term care planning -- so you can reduce confusion, avoid costly mistakes, and make more informed decisions based on your goals and circumstances.
Inside, you'll learn how to:
• Build sustainable retirement income and learn unique withdrawal strategies
• Make smarter Social Security filing decisions
• Understand how retirement income is taxed -- and how to reduce your lifetime taxes
• Manage market risk and inflation risk using risk-managed and alternative fixed-income approaches
• Prepare for long-term care expenses before they disrupt your retirement plan and your family's lives
• Ask better questions of your financial advisor -- or confidently plan as a DIY investor
This book doesn't tell you what products to buy or investments to make. It gives you the framework to understand your options and how the decisions you make today affect your income, taxes, and ultimately, your lifestyle for decades.
Rather than overwhelming readers with technical jargon or portfolio recommendations, The Retirement Masterclass focuses on education -- helping you understand the questions you should be asking about the trade-offs involved in each decision.
Approach your finances in retirement with clarity instead of information overload. The result is better outcomes, better conversations with your advisor or spouse, and a more secure financial retirement.
Whether you manage your own investments or simply want to become a more informed consumer of financial advice, The Retirement Masterclass provides a roadmap and helps you do what matters most:
Get clarity and confidence.
Reduce lifetime taxes.
Protect your retirement income and legacy.
Avoid running out of money -- and enjoy a more confident, worry-free retirement.
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