Banks in Canada » Success:

Reaching Retirement Success

admin — Mon, 10 Jun 2013 23:58:08 +0000

Reaching Retirement Success:

Why your 401k might not get you there. Empowering you after market crashes, the national debt, and demographics finish changing everything you thought you knew about retirement.

New book removes misconceptions to empower future retirees. Countless books are available that offer financial advice on saving for retirement. The problem is that the financial world has changed dramatically in recent years so advice you might have found helpful a decade or even a year ago may now be the absolutely worst thing to do to protect your nest egg.

Staying up-to-date on investing can be difficult, but Mark Stern’s new book “Reaching Retirement Success” is a great place to start. This book begins by showing readers just how much the world of investing and retirement planning has changed in the last two decades. In the book’s beginning, he cites retirement advice from 1994, including forecasts of how strong the financial markets would continue to be—forecasts made before the dot-com bust of 2000 and the housing market crisis of 2007. Needless to say, the forecasts were far off, yet many people are still following the investing advice those forecasts were built upon.

Mark Stern spends plenty of time showing the myths of investing, such as dollar-cost averaging, and why variable annuities, mutual funds, and 401ks are no longer the good investment they once were thought to be, but more importantly, he helps readers to understand just what they really need to do to prepare for retirement.

The information in “Reaching Retirement Success” is detailed but also refreshing because Mark Stern comes at it from various angles, not the least of which is that he had previous careers in respiratory therapy and aerospace engineering before coming to the financial services industry in 1996. In fact, the predictions that he shows did not work out are based on the same information he was taught when he became a financial advisor at that time. Mark Stern thinks outside the box to show what was wrong with past investing strategies, and he uses common sense backed by plenty of statistics and examples to explain the realities of financial investing today.

Through eighteen information-packed but easy-to-read chapters, Stern discusses a multitude of valuable information, explaining the national debt, the problems with the Social Security system, bonds, housing and retirement, income tax, and even how to get better car loans. Throughout the book, I found his discussions practical and I greatly appreciated the in-depth examples accompanied by numerous charts and graphs that provide visual support to his arguments.

One discussion I found particularly insightful was his discussion of the global economy and why foreign countries invest in U.S. bonds, as well as the problems that arise from this situation. I also appreciated his explanation about various terms such as financial advisor, and which positions within the financial industry have legitimate training and certification behind them.

Finally, the discussion of Social Security and its relation to the National Debt was insightful, if a bit frightening. Anyone concerned about retirement will find this discussion eye-opening, and no doubt, want to be prepared if some day Social Security is not there for retirement.

Mark Stern is not a pessimist or an optimistic and he does not make predictions for the future; instead, he is a realist stating how the world of financial planning operates at the current moment. Consequently, “Reaching Retirement Success” is an excellent up-to-date starting point for understanding what needs to be done for one’s retirement and how to begin or change strategies as needed for the future.

“Reaching Retirement Success” offers true twenty-first century retirement planning. Anyone who plans to retire—which should include everyone—needs to make an investment in this invaluable book.

— Tyler R. Tichelaar, Ph.D. and author of the award-winning “Narrow Lives”

Unconventional Success: A Fundamental Approach to Personal Investment

admin — Mon, 10 Jun 2013 23:57:35 +0000

The Richest Man in Babylon: George S. Clason’s Bestselling Guide to Financial Success: Saving Money and Putting It to Work for You

admin — Sat, 08 Jun 2013 11:47:30 +0000

Mindset: The New Psychology of Success

admin — Sat, 18 May 2013 18:02:18 +0000

World-renowned Stanford University psychologist Carol Dweck, in decades of research on achievement and success, has discovered a truly groundbreaking idea-the power of our mindset. Dweck explains why it's not just our abilities and talent that bring us success-but whether we approach them with a fixed or growth mindset. She makes clear why praising intelligence and ability doesn't foster self-esteem and lead to accomplishment, but may actually jeopardize success. With the right mindset, we can motivate our kids and help them to raise their grades, as well as reach our own goals-personal and professional. Dweck reveals what all great parents, teachers, CEOs, and athletes already know: how a simple idea about the brain can create a love of learning and a resilience that is the basis of great accomplishment in every area.

Mindset: The New Psychology of Success

admin — Sun, 05 May 2013 20:39:43 +0000

The Modern Trader: Wall Street Traders Reveal Their Formula for Success

admin — Sun, 05 May 2013 15:11:34 +0000

How to Make Money in Stocks Success Stories: New and Advanced Investors Share Their Winning Secrets

admin — Mon, 29 Apr 2013 06:54:47 +0000

Mindset: The New Psychology of Success

admin — Sat, 27 Apr 2013 12:24:52 +0000

World-renowned Stanford University psychologist Carol Dweck, in decades of research on achievement and success, has discovered a truly groundbreaking idea–the power of our mindset.

Dweck explains why it’s not just our abilities and talent that bring us success–but whether we approach them with a fixed or growth mindset. She makes clear why praising intelligence and ability doesn’t foster self-esteem and lead to accomplishment, but may actually jeopardize success. With the right mindset, we can motivate our kids and help them to raise their grades, as well as reach our own goals–personal and professional. Dweck reveals what all great parents, teachers, CEOs, and athletes already know: how a simple idea about the brain can create a love of learning and a resilience that is the basis of great accomplishment in every area.