Your Stronger Financial Future: The Eight Essential Strategies for Making Profitable Investments

by Egan, Mike

• ISBN13: 9780071772990
• ISBN10: 0071772995
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-09-09
• Publisher: McGraw-Hill Education

Summary

Eight simple strategies for getting your retirement portfolio back in shape Investing Is Social Security about to collapse?(No.) Is Wall Street totally corrupt?(Nope.) Did the government bailouts benefit only "insiders"?(Absolutely not.) Is the American Dream dead?(Not on your life.) Myths, misconceptions, and misinformation perpetuated by politicians, the media, and other self-interested parties can have a devastating effect on your retirement portfolio. After all, if you're working with the wrong information, how can you make the right investing decisions? Mike Egan, a financial advisor for both individuals and corporations, has worked on Wall Street for more than 20 years. He handles millions of dollars at a time. He knows how it all worksand he's here to tell you that a lot of what you hear just isn't true. In Your Stronger Financial Future, Egan busts the most powerful myths that are affecting your retirement plans and provides simple but highly effective strategies you can use to start turning your portfolio around today. Egan's eight retirement-investing maxims include: Count on Social Securitybut make it only part of your overall plan Identify the inflation-adjusted amount you need at retirement Get a licensed financial advisor who really understands Wall Street Maintain your own personal "bailout fund" Build savings rather than accrue debt Use annuities to account for longevity and healthcare Two things are standing in the way of you and your dream retirement: misconceptions and presumption. Transcending the negative psychology that misdirects your investing performance is easyyou just need the right information and new strategies to replace the old ones. Your Stronger Financial Futuredelivers both. Sometimes changing course midstream is a good thing. Now is the time to reassess your outlook, rethink your finances, and reposition yourself for a stronger financial future.

Table of Contents

Foreword
Introduction
Myth #1: You can coast into retirement
Myth #2: Social Security is on the brink of collapse
Myth #3: The Fed skims 5 percent from our currency, causing inflation, which ruins your savings
Myth #4: Wall Street is corrupt. Avoid it
Myth #5: Government bailouts are for the insiders, not the people
Myth #6: Leverage is the key to prosperity
Myth #7: Sinister world powers seek to lessen the world's population
Myth #8: The American Dream is to kick back and never work again
Afterword
Notes and Sources