As a result of the shifting of the retirement burden to employees rather than employers, many workers at all economic levels are not prepared for the financial realities of retirement. Workers have not gotten the message that without savings, they are left to rely on Social Security and possibly selling their homes. This book offers high-value savings strategies to help readers add to their retirement nest-eggs while using a hands-off index tracking investment strategy that will double their income in retirement. Among the strategies: -Buy no load low fee index mutual funds or ETTFs. -Buy two year old cars on dealer/factor lease. -Take advantage of all financial aid opportunities for college costs.
Book Details:
- Author: Peter Mazonas
- ISBN: 9780470353820
- Year Published: 2005
- Pages: 240
- BISAC: BUS050000, BUSINESS & ECONOMICS/Personal Finance / General
About the Book and Topic:
As a result of the shifting of the retirement burden to employees rather than employers, many workers at all economic levels are not prepared for the financial realities of retirement. Workers have not gotten the message that without savings, they are left to rely on Social Security and possibly selling their homes. This book offers high-value savings strategies to help readers add to their retirement nest-eggs while using a hands-off index tracking investment strategy that will double their income in retirement. Among the strategies: -Buy no load low fee index mutual funds or ETTFs. -Buy two year old cars on dealer/factor lease. -Take advantage of all financial aid opportunities for college costs.
The average 60-year old, after 30 years in the work force, has only $146,000 of retirement savings. At age 65 this will yield only $400 per month on top of social security. This national average is due to the fact that companies are shifting the responsibility for retirement savings from the corporation to the worker. This book will address this change and show readers how to boost their retirement savings without the help from their employers.
EMAIL LISTS: Email from Schwab lists–about 1 million households with $100,000 to $1 million of invested assets. PROMOTIONAL OPPORTUNITIES: Other promotions possible from Vanguard and the endowments of Harvard, Yale, etc. Approximately 75,000 names. Author’s website, RetireYes.com, will also be used to promote the book. AUTHOR IS ACTIVE SPEAKER: Author currently speaks at national forums and will actively expand his speaking to coincide to publication of book.
About the Author
Peter Mazonas has 35 years of experience in the retail financial products and professional services business. A CPA, he founded the Executive Financial Counseling Division at Bank of America and also created some financial/tax software still in use today. Mazonas also worked for John Paul Getty and created the Private Banking Division at Bank of America and founded Transamerica HomeFirst, a reverse home mortgage company. Today, he is a consultant to financial service companies on wealth management product design and customer service.