The Big Retirement Risk: Running Out of Money Before You Run Out of Time

by Erin Botsford

Overview

Are you retired or preparing to retire? Is there a chance that your retirement lifestyle could be negatively impacted by fluctuations in the stock market? Are you relying on some magic number for financial security? Do you ever worry about running out of money?

If the answer to any of these questions is yes, this book is written for you. Given the uncertainties that exist today - market risk, inflation risk and longevity, not to mention the murky future of social security and medicare - everyone is concerned and everyone wants to know what to do.

In The Big Retirement Risk: Running out of Money Before You Run out of Time, author Erin Botsford shows you an entirely new way to think about money, investing and retirement planning called "Lifestyle Driven Investing." By exposing some of the common myths of Wall Street and explaining why the traditional methods of investing may not work in the days ahead, she will show you how to craft an investment strategy to help protect your retirement lifestyle in good economic times and bad.

Erin's journey, rising from a life of poverty and overcoming enormous adversity to becoming one of America's Top Financial Planners, gives her the insight and perspective to guide you through the current economic landscape. With decades of wisdom, Erin's mission is to share her knowledge and experience so you can avoid The Big Retirement Risk: Running out of Money Before You Run Out of Time.

Product Details

ISBN-13:	9781608322497
Publisher:	Greenleaf Book Group, LLC
Publication date:	01/01/2012
Sold by:	Barnes & Noble
Format:	eBook
File size:	3 MB

About the Author

Erin Botsford is the founder and CEO of The Botsford group, a boutique financial planning firm with offices in Frisco, Texas, and Atlanta, Georgia.

Erin’s firm specializes in investment, asset protection, and estate planning for retirees and those planning for retirement. Among the top echelon of financial advisors, she is considered a thought leader on twenty-first-century investing, risk management, and retirement.

Erin’s personal story of overcoming poverty and adversity in her early life to become one of the top financial planners in the country has been featured in numerous articles and publications. Her business success has been recognized by publications such as Barron’s magazine, D magazine, Success magazine, and investmentnews.com, and she has made television appearances on CNBC, fox news, and Bloomberg television.

Erin resides in Mckinney, Texas, with her husband, Bob, a pilot for American Airlines. She has one son, Kevin, who is currently serving as a captain in the U.S. Air Force.

Table of Contents

Introduction 1

Chapter 1 What Drives Your Decisions? 7

Chapter 2 The Four Myths of Wall Street 13

Chapter 3 Why Traditional Methods Aren't Reliable 27

Chapter 4 Understanding What Drives the Economy 45

Chapter 5 Lifestyle Driven Investing: Laying the Foundation 63

Chapter 6 Lifestyle Driven Investing: Creating Your Preferred Future 77

Chapter 7 Lifestyle Driven Investing: Choosing the Right Investment Products 89

Chapter 8 The Search for Retirement Income 105

Chapter 9 The Search for Income Continues: What About Annuities? 131

Chapter 10 Hybrid and Non-Lifestyle Investments 167

Chapter 11 Other Risks That Can Ruin Your Day 183

Important Disclosure Information 199

Acknowledgments 201

Index 205

Interviews

Dallas, TX

Editorial Reviews

Erin Botsford gets it!  She understands what drives the financial markets and has found investment strategies that support her clients retirement lifestyles in up, down and flat market conditions.   In view of the current conditions in our global economy, this book should be read by anyone serious about protecting their lifestyle in retirement.   No wonder the industry calls her ‘The Great Protector!’”

Harry Dent

Financial planner Botsford (founder, Botsford Group) helps investors prepare for the worst and hope for the best with this book about preparing for retirement, based on a strategy she calls "Lifestyle Driven Investment." She draws on her own experiences with money and investments and discusses what she learned from her financial disasters (including a lawsuit and bad investments) to help others avoid similar pitfalls. She debunks some Wall Street myths such as "In the long term, the stock market always goes up" and "Diversification and asset allocation are the keys to retirement success." Her chapters are replete with case studies and each ends with a section called "Erin's Essentials," a summary of key concepts. She also covers strategies for investments, including bonds, annuities, and stocks. VERDICT This clear, concise guide should interest just about every person who wants to learn how to plan for retirement. Recommended.—Lucy T. Heckman, St. John's Univ. Lib., Jamaica, NY

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