The Savage Number: How Much Money Do You Need to Retire

Overview

Nationally known personal finance expert, Terry Savage, shows readers how to find the answers to their retirement questions. The Savage Number provides the hands-on techniques to plan a successful, satisfying retirement. Savage takes readers beyond "guesstimates" and wishful thinking. Instead, she introduces readers to the world of Monte Carlo modeling—the statistical science of modeling multiple alternatives to come up with a range of highly probable results. The process guides readers through the critical ...

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Overview

Nationally known personal finance expert, Terry Savage, shows readers how to find the answers to their retirement questions. The Savage Number provides the hands-on techniques to plan a successful, satisfying retirement. Savage takes readers beyond "guesstimates" and wishful thinking. Instead, she introduces readers to the world of Monte Carlo modeling—the statistical science of modeling multiple alternatives to come up with a range of highly probable results. The process guides readers through the critical decisions about how to invest their retirement money—and how much they can withdraw to live on—so their money lasts their entire lifetime! Filled with in-depth insights and practical advice, The Savage Number takes the guesswork out of retirement planning, so readers can overcome those obstacles and comfortably enjoy the rest of their lives.

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Product Details

  • ISBN-13: 9780470067741
  • Publisher: Wiley
  • Publication date: 2/9/2007
  • Edition number: 1
  • Pages: 272
  • Sales rank: 1,414,916
  • Product dimensions: 9.00 (w) x 6.00 (h) x 0.57 (d)

Meet the Author

TERRY SAVAGE started her career as a stockbroker and became a founding member—and the first woman trader—on the Chicago Board Options Exchange. She is a nationally known expert on personal finance and is a regular investment and financial markets commentator on CNN, CNBC, PBS, and NBC. She is also the nationally syndicated Chicago Sun-Times personal finance columnist, and author of The Savage Truth on Money (Wiley), which was made into an hour-long TV special. Terry has won numerous awards, including the National Press Club Award for Outstanding Consumer Journalism and the Outstanding Personal Finance Columnist Award given by the Medill School of Journalism at Northwestern University. She has also received two Emmys for her television work.

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Table of Contents

Introduction: Can You Retire?

PART 1: RETRO-RETIREMENT.

1. The Savage Number.

2. Time is Money.

3. The 10 Key Questions.

PART 2: MONTE CARLO YOUR MONEY.

4. The Savage Answer: Monte Carlo Modeling.

5. Saving Up, Drawing Down.

6. Getting It All Together.

7. A Road Map to Monte Carlo.

PART 3: INVESTING FOR RETIREMENT.:

8. Stocks, Bonds, and Chicken Money.

9. Beyond the Basics.

10. One-Step Retirement Investing.

PART 4: STREAMS OF RETIREMENT INCOME.

11. Where Will the Money Come From?

12. Social Security and Medicare.

13. Annuities for Income and Tax-Deferred Growth.

14. How to Turn Your Home into Your Pension.

PART 5: LONG-TERM CARE: THE GREATEST RISK OF ALL.

15. Long-Term Care Insurance: Who Needs It?

16. How to Understand Long-Term Care Coverage.

17. Buying Your Long-Term care Policy.

PART 6: ESTATE PLANNING: THE PRICE OF SUCCESS.

18. What’s Left?

Conclusion.

Acknowledgments.

Index.

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Sort by: Showing all of 2 Customer Reviews
  • Anonymous

    Posted May 8, 2006

    Solid pre-retirement fiscal fix-up

    Book publishers know a good thing when they see it. That explains why there is yet another book on Baby Boomer retirement planning. But, fear not, 'Savage' isn¿t the description of a fierce retirement savings program that will bite you in the wallet it¿s the name of the author: Terry Savage, a personal finance newspaper columnist. In this case, she seems to have linked many of her columns together to form a basic book for novice investors who are planning for retirement. While much of the content may seem very familiar to anyone who reads mainstream financial publications, having it in book form is convenient. We recommend Savage¿s nuts-and-bolts information to people who are just entering the workforce, novice investors, financial planners and human resource people concerned about issues affecting retirees. It is also a handy quick reference for questions about Medicare, reverse mortgages, long-term health insurance or estate planning. If you are on the verge of retirement, it¿s a good refresher, although you needed to know most of this some time ago.

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  • Anonymous

    Posted November 24, 2005

    more of the same

    A better book is Jane bryant Quinns -'making the most of your money ',which has an 82 question worksheet in the back of the book.

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