Your Nest Egg Game Plan - Book Review

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					Your Nest Egg Game Plan | Book Review

                                               Your Nest Egg Game Plan | Book Review

  The following book review was written by Nicole from Rainy-Day Saver.

  The writing style can be dry, but authors Phil Fragasso and Craig L. Israelsen offer some sound

  advice in their book, “Your Nest Egg Game Plan,” which aims to point folks in the right

  direction when it comes to investing and saving their money for retirement. Combining personal

  anecdotes with explanations of different savings vehicles and financial variables, the book is

  crammed with information – perhaps TOO much information.

  The chapters by themselves were structured well, but as a whole, the book didn’t flow from

  start to finish – more like it jumped around a lot – but the last chapter pulled all the

  information together. As a 30-something married woman,??it was hard to tell if the advice was

  geared toward someone my age, who has time to plan out a retirement strategy, or more toward

  folks who are closer to retirement.

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  Much of the financial advice is accompanied by charts, but it’s the practical advice that

  really got my attention. One chapter that really hit home was about health and life insurance in

  your retirement years, and how it can protect you, your family and your assets in the event of

  your untimely demise.??The authors also recommend drafting a will and putting together a file of

  all your financial documents or access information, and letting your loved ones know where to

  find it.

  One point hammered home is the need to factor in cost-of-living allowances into your retirement

  plan.??Sure, you can say you’ll need to draw $30,000 a year from your savings after retirement,

  but the costs of living at age 62 aren’t likely to be the same at 72 or 82. Look how much the

  price of bread and milk has increased over the years, if you need a point of reference. The same

  goes for housing, taxes, food and clothing.

file:///C|/Documents and Settings/Administrator/桌面/新建文件夹 (4)/Your Nest Egg Game Plan - Book Review .html[2013-4-24 20:14:34]
Your Nest Egg Game Plan | Book Review

  The book also emphasizes the importance of “not outlasting your money.” Of course, it’s

  relative to what your withdrawal rate will be – the higher the percentage of your nest egg, the

  faster your retirement savings will dwindle.

  Perhaps the best chapter was “Informed: Separating Fact from Fiction.” Most people know the

  difference between short-term and long-term risk, but the authors point out a number of other

  individual risk factors: Market risk, inflation risk, interest-rate risk, liquidity risk, credit

  risk, currency risk and longevity risk. It’s important to understand how they affect your

  retirement investments and manage them accordingly.

  Everyone’s financial situation is different, but the majority of working adults will tell you

  they plan to retire at a certain point in their lives. Getting your savings and investments on

  track to reach your retirement funding goals is something that everyone needs to think about –

  and the earlier, the better.

  “Your Nest Egg Game Plan” isn’t so much of a “plan” as it is a compilation of things you

  need to consider when saving for retirement. Take away the gems contained within, and you’ll

  have a solid foundation for a savings plan that will last you through your retirement years.

file:///C|/Documents and Settings/Administrator/桌面/新建文件夹 (4)/Your Nest Egg Game Plan - Book Review .html[2013-4-24 20:14:34]

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