How To Retire Early And Live Well With Less Than A Million Dollars - Softcover

Edmunds, Gillette

3.28

40 ratings by Goodreads

9781580622011: How To Retire Early And Live Well With Less Than A Million Dollars

Softcover

ISBN 10: 1580622011 ISBN 13: 9781580622011

Publisher: Adams Media, 2000

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Outlines both simple and advanced investment strategies for achieving steady returns and offers tips on reducing living expenses and taxes.

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From the Publisher:

Millions of readers have amassed nest eggs in savings, retirement plans, stock options or company stock, real estate, inheritances, or businesses they have built up over the years. According to the September 20, 1999 issue of Barron's there are six million households with $1 million dollars or more. The author estimates there are 15 million households with $500,000 or more. Most of these people can retire right now and do not know it.

HOW TO RETIRE EARLY AND LIVE WELL WITH LESS THAN A MILLION DOLLARS tells readers if they have enough to retire, and once they retire, how, step-by-step, they should invest to be certain their money will last the rest of their life. The author did not want anyone just starting retirement today to go through the confusion and learning process he went through. Therefore, he set out exactly what they need to do to live the rest of their lives on their investments. The author's message is encouraging. You can retire early in style with less than a million dollars and over the years, you will watch your nest egg grow larger and larger. Just follow the instructions in the book. You won't out live your money; you won't be forced back into a job you hate; taxes will not hurt you; you will survive market crashes; you do not have to pray that your rich relatives die soon. Enjoy your early retirement and if you want to worry, worry about where you are going on your next trip not about money. The money will grow and support you better and better over time.

This book is intend for any reader who wants to retire early and wants to know what it takes as well as all current retirees, savers within five years of retirement, anyone who has put together a decent size nest egg, anyone living partially off investments and partially off social security, pension payments, part-time work, consulting, or other forms of income, and the professionals who are advising these people but have no personal experience with living off investments. There are many professionals today who tell people they need two million dollars or more to retire early. This book refutes that myth. The book will also be of interest to people who are just now thinking about retirement and wondering what it takes to get there and what it is like when they are there. However, this is not a book for people looking for hot stocks, internet IPOs, day trades, shorts, options, derivatives, leveraged strategies, investments named after animals. This book is about long-term investing. Long-term here means 30 years not 30 days or 30 minutes.

From the Author:

In 1981, when I was 29 years old, the company I was working for fell apart and all the employees were laid off. At the time, I did not know if my wife and I had enough investments to live off for more than a few years. Though a tax expert, I was not then an expert on investing during retirement. Not only did I not know if I had enough to last five years, ten years, or a life time, I could not find anyone else who knew. When the money started to run out or when an interesting job came along, I figured I would just go back to work. Over the years, I read books, talked to professional investors, took classes, studied every type of investment I came across, and learned to repeat my successes and stop making mistakes. My investment skills improved, and, even though my spending increased, my assets kept growing. By the time I had doubled our assets I realized I was not going back to work. HOW TO RETIRE EARLY AND LIVE WELL WITH LESS THAN A MILLION DOLLARS is the distillation of all the knowledge I gained over the last 19 years. It is my wish that no reader go through the painful learning process I endured. The system set out in this book will minimize your financial fears during retirement and maximize your serenity.

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