The Boomer's Guide to Recovering Your Lost Retirement: the Bill Fisher Story

The Boomer's Guide to Recovering Your Lost Retirement: the Bill Fisher Story

by Michael Burns
     
 

The Bill Fisher Story relates the life of an average working man and how, at the age of 72, he started investing in a three pronged strategy, and was able to accumulate a net worth of 1 million dollars in 18 years. The book is an inspirational guide for Baby Boomers, who experienced the great recession of 2008-1010, and lost as much as 50 percent of their net worth

Overview

The Bill Fisher Story relates the life of an average working man and how, at the age of 72, he started investing in a three pronged strategy, and was able to accumulate a net worth of 1 million dollars in 18 years. The book is an inspirational guide for Baby Boomers, who experienced the great recession of 2008-1010, and lost as much as 50 percent of their net worth in the real estate and financial crash. The book has an easy to follow plan for Baby Boomers to control their own retirement destiny by following Bill Fisher's philosophy.

Editorial Reviews

Kirkus Reviews
Financial wisdom passed down from a father-in-law and tendered here as a bighearted gift. Burns' father-in-law, Bill Fisher, experienced plenty of financial setbacks during his life, but he put together a plan to nurture a small nest egg into something more substantial by the time he turned 72 and to turn a $50,000 bequest into $1 million by the time he died at 92. Burns tracks Fishers' strategy, and it's not exactly brain science; but $1 million speaks for itself. Burns is a forthright, blunt writer, and what he says is homespun but sage, humbly tendered in both tone and clarity. Readers clueless about their savings, no matter how meager, will appreciate his frankness. First, get enough income to cover your monthly expenses, which might mean getting a second job. A job, it's noted, can be an emotional and social boon as well, offering health benefits, etc. Burns then advises when to tap into Social Security--wait until you're 70--and how to maximize IRAs. He explains why to vest your 401(k)s in mutual funds and how to fund a sensible price-to-earning ration for your high-dividend stocks. He includes several smart rules of thumb to help avoid panic in market cycles, especially good counsel for dividend reinvestment programs: "[L]ook for quality stocks that pay a good dividend (2-5 percent), have an attractive P/E ration (from 7 to 18), and are diversified industries!" He even plumps for municipal bonds: "Muni bonds are very boring. They are like watching paint dry or grass grow," but they earn a nice income every year. In this economic climate, Burns thinks residential real estate is a vulture's game, yet the mortgage rates are a steal; your call. The short but dense book closes with Fisher's stock preferences and master agent wholesale buy rates. Practical financial wisdom told with authority.

Product Details

ISBN-13:
9781477521809
Publisher:
CreateSpace Publishing
Publication date:
08/01/2012
Pages:
88
Product dimensions:
6.00(w) x 9.00(h) x 0.18(d)

Meet the Author

Michael Burns was born and raised in South Texas. He graduated from Texas A&M University with a BS in Psychology and a MS in Management in the early 70's. Mr. Burns worked for Southwestern Bell and AT&T for eleven years.In 1982, Mr. Burns founded TeleSystems Marketing, an outbound telemarketing company that specialized in commerical and non-profit markets. In 1989, Mr. Burns founded Conference Pros International, a conference service provider that he operated for ten years before selling to Vialogue Corp. In 2001, Mr. Burns founded A+ Conferencing Ltd., a conferencing company that emphasized partnering with agents/resellers for its sales channel. Mr. Burns writes and lectures on many topics, including telecommunications, investments, and opportunities for the Baby Boomer generation.

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