How to Make Your Shrinking Salary Support You in Style for the Rest of Your Life

A comprehensive, common-sense guide to personal finance discusses the ins and outs of investment, estate planning, insurance, home purchase, savings, and other complicated money matters

A seductive title and goal. Implementing it will take some doing. Evans's prescription is the stock market, where returns have averaged 12 percent over the past few decades. Leveraged real estate also rates high. He explains the negatives of bonds ("for losers"), certificates of deposit, collectibles, and precious metals. However, the sine qua non for the success of all this is: saving. Save early and often. Evans says to save ten percent of after-tax income through thick and thin. Another piece of advice that won't sit well with the average American: never get a tax refund. Extrapolating statistics into the endless future, and indeed predicting the future, are two annoying habits of Evans, and some explanations are more for the advanced player. Yet, if substantial wealth ($3 million) is your patrons' goal, this book will serve as a guide through the unavoidable and inevitable complexities.
- Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1991 Reed Business Information, Inc.