A Million Is Not Enough: How to Retire with the Money You Title: A Million Is Not Enough: How to Retire with the Money You'll Need

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Manufacturer: Springboard Press
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A Million Is Not Enough: How to Retire with the Money You'll Need by Springboard Press

A Million - Is it enough?

The authors seek to build wealth through a series of
iterative plans at various juncture points in life.
The trend is to increase new industries, growth in
productivity and global business enterprises.

The 1950s home bought at circa $10T is now worth $230T
or more. Tuition has grown from circa $100 to $7T or more.
The authors ask that we drive our cars longer and seek
cheaper college tuitions. Money from gifts and
inheritance should be saved- not spent.

Samples of core stock holdings are:
o Medtronic
o Wal-Mart
o Dell
o Sysco
o Stryker Corp.
o Oracle

Sample mutual funds are:
o Torray Fund
o Janus Twenty

Investors should decide on risk tolerance, as well
as the overall mix of investments between stocks,
mutual funds, bonds etc. This is a worthy
investment for people of all ages .
A Million Is Not Enough: How to Retire with the Money You'll Need by Springboard Press

Straight talk about planning your money needs

Michael Farr's book, A Million is Not Enough, covers retirement planning like a warm blanket on a cold night. It gives you a good sense of security, letting you know exactly where you stand and what you need to do to be successful in the end game. Fear not. The book doesn't drag you through overly detailed explanations of what specific investment techniques exist, though it highlights them. Instead the book provides valuable succinct answers to the really important questions of the why and how of retirement planning.

I think everyone knows that a million dollars is not what it used to be. And Farr starts off by hammering this point home. What you need in retirement is relative to your current lifestyle, and the lifestyle you hope to lead without working. Ten million dollars might not be enough retirement savings for some folks.

Three major sections guide you through Farr's retirement planning and execution processes.

1) Helps readers understand his view of the mission: Save successfully for retirement. Here Farr asks you to decide what you want out of life.

2) Talks to investing wisely, balancing risk and reward, but only after helping you assess where you stand relative to your goals. There's even a monthly budget worksheet to gain insight into current spending, from which future spending can be predicted. The last section addresses building and maintaining a healthy investment portfolio.

The paperback version is under 300 pages, with enough figures and tables to keep your interest. I especially liked his example retirees and how their portfolios were allocated. Are you a Neo-Boomer, a Core Boomer or a Tail-end Boomer? I would have liked to see more references and a detailed index to make the book more complete. But the added benefit of the entertaining introduction by P.J. O'Rourke makes up for these small shortcomings.

NOTE: A leading financial analyst and strategist, Farr currently guest hosts on CNBC's Squawk Box. His commentary can be heard on the Associated Press Radio and National Public Radio, and he is quoted regularly in the Wall Street Journal and Forbes, and PBS's The Nightly Business Report.

Armchair Interview says: If you're looking for information on retirement planning, Farr's has done a great job of presenting it for everyone to understand.
A Million Is Not Enough: How to Retire with the Money You'll Need by Springboard Press

A GREAT HOW-TO

This book is full of great ideas on saving and investing. Beyond the ideas, though, Mr. Farr incorporates detailed and useful worksheets which allowed me to figure out exactly where I stand. With the economy the way it is, there is no better time to use this book to get your financial house in order.
A Million Is Not Enough: How to Retire with the Money You'll Need by Springboard Press

THIS IS THE ONE TO BUY

Thank you Mr Farr! Finally a book on financial planning which gets right to the heart of mistakes we make, how to avoid them, and all the little things that add up to success in retirement savings. This one is easy to read yet cleverly written. I used it as a way to critique my retirement saving strategy to date and so far have found ways to save at least $350.00 a month, increase my projected age 65 nest egg by $200,000, and free up money from current unneccesary expenses for an extra family trip this year. I passed it on to my secretary and she hasn't stopped talking about it-she just became a grandmother and finds it very helpful in directing the family finances. It's a fresh approach, full of wit and wisdom, and well worth the investment.
James Williams, MD
A Million Is Not Enough: How to Retire with the Money You'll Need by Springboard Press

Product Description

The million-dollar question is this: do you have at least $1 million in liquid assets to support yourself during the 20+ years most of us can expect to live after we've stopped drawing a regular paycheck? And if not...how can you get started today to meet that goal?

THE MILLION-DOLLAR MISSION outlines the steps readers need to take in order to meet this ambitious (but achievable) goal...no matter if they're 35, 45, or even 55. If you're in your 50s and still a long way from this target, you've got some work to do but you CAN make it happen. Whether you're getting a head start, starting on time, or playing catch-up, Michael Farr's plan presents a specific financial and investment plan to help Boomers reach this million-dollar goal and become safe and worry-free in their later years.

With a foreword by bestselling author P.J. O'Rourke.

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