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
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
Felinton Elder Law & Estate Planning Centers
Mindy Felinton concentrates in the areas of Medicaid planning, Veterans' Benefits, asset protection, nursing home planning, elder law, wills, estate planning, trusts, living wills, powers of attorney, probate administration and trust administration and began her legal career 30 years ago as an Assistant State Attorney...
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