The main goal before you retire is to make sure that you have enough money when you do retire so you can maintain your standa...Read more
The Savage Number: How Much Money Do You Need to Retire?
- August 24th, 2018
Local Elder Law Attorneys in Ashburn, VA
The Estate Planning & Elder Law Firm PC
Bill founded The Estate Planning & Elder Law Firm, P.C. in 1994. Bill limits his practice to the areas of estate planning and administration, incapacity planning, Medicaid, asset protection planning, and elder law. He is one of (15) fifteen attorneys practicing in Virginia, Maryland and the District of Columbia, ce...
Margaret A. O'Reilly, PC
Margaret A. O’Reilly is an estate planning and elder law attorney with over thirty-five years of legal experience. Attorney O’Reilly graduated from Duke University with a degree in psychology, and received her law degree from Northeastern University School of Law in Boston, Massachusetts. For over 15 y...
Hale Ball Carlson Baumgartner Murphy PLC
Attorney Samantha Simmons Fredieu is an associate at Hale Ball. Ms. Fredieu graduated magna cum laude from Vermont Law School where she was the symposium editor on the Vermont Law Review, a production editor on the Vermont Journal of Environmental Law, and a member of the Moot Court Advisory Board. She has clerked for...
Terry Savage. The Savage Number: How Much Money Do You Need to Retire? (John Wiley & Sons, Hoboken, New Jersey, 2005. 256 pages)
$18.96 from Amazon (Click on book to order).
Having enough money to retire is an important goal for many people, and The Savage Number attempts to help people understand how to reach that goal. As defined by the author, Terry Savage, a prominent expert on personal finance and investing, "the Savage Number" is the amount of money you need in order to retire. Her book is designed to help you determine that magic number and then reach it.
While not a self-help book on investing, The Savage Number provides information to get you started on retirement planning. The author is an advocate of "Monte Carlo modeling," a service provided by many financial institutions to give investors a detailed model of what an individual needs for retirement. She explains the concept and gives details on the organizations that provide such modeling.
Savage doesn't encourage individuals to wade into investing on their own, but she does recommend becoming informed before going to a professional for advice, so she offers information on the basics of investing and the various investment options available. In addition, she talks about possible sources of income after retirement, encourages readers to buy long-term care insurance, suggests what should be included in a long-term care policy, and presents basic information on estate planning.
Last Modified: 08/24/2018