James Brass

How to Make Sure Your Money Lasts in Retirement James Brass

Approximately 80 million baby-boomers are approaching or have entered retirement. Most have some type of retirement savings that can often be quite substantial. This seemingly ?huge? sum of money often leads to one rather daunting question. How do I make this money last? This, in turn, leads to several other questions: - How much can I ?safely? withdraw a month? - If I withdraw that much, how long will my nest egg last - How will I know if I am taking out too much? More and more retirees are in need of answers to these and other ?worrisome? questions. Ironically, the most insidious ?danger? to their nest egg is rarely even considered. Inflation?s effects can be profound over time. A retiree who initially withdraws $2000 a month will need to withdraw over $3600 a month twenty years later if he or she wants to keep up with a 3% inflation rate. The bottom line is that if a retiree begins withdrawing too much initially, his nest egg could soon be in ?trouble?. But, again, how will he know? Will he find out too late? With this book, he will easily have all the answers to the above questions and much more. The easy-to-use tables in this book reveal a wealth of information with absolutely no calculations! Any retiree with a nest egg can greatly benefit from this book.