It’s official folks, I’m now an author!
After spending many hours staring at a computer screen, reviewing drafts, and putting extensive thought into retirement, I have completed my first book, Retire Right: Lots of People Retire Wrong. Learn How to Retire Right.
My intention with this book is to share with you crucial information on the modern retirement landscape so you too can have the opportunity to retire right.
To give you a sense of what this book has to offer, I’m sharing a few snippets of Retire Right.
The Second Act
Most of our lives are spent focused on the first act of life. Get good grades, go to college, get a good job, buy a house, start a family and work hard. While not necessarily in that order, these elements of our lives are all-consuming. I like to consider retirement the second act of life, and this isn’t your grandparents retirement.
The world of retirement is changing. If you retire at 60-65 there is a good chance you’re going to live 30 years. This book can serve as a guide for you on how to think about the next stage of your life. Are you going to travel or pursue a passion project, or turn a hobby into a part time business? Will you be supporting family or do you intend to set up shop in a sunshine state? All of these questions require careful thought and consideration if you’re going to retire right.
The Four Pillars
The four pillars is a concept I’ve used in my practice for years. I regularly discuss it on my podcast, and bring it up with all of my clients. The four pillars (mindset, strategy, tactics, and progress) work together to build a strong retirement portfolio.
In my book I offer in depth information on these four pillars, and how you can be using them to retire right.
Inflation and Your Retirement
One area where people often underestimate the cost of their retirement is inflation. If your current monthly expenses are $10,000, often times people will plan their retirement around that value.
While in some ways that $10,000 a month can go a lot farther in your retirement (think of how much you spend on commuting alone), what people fail to account for is inflation. If your retirement is 30 years long, what is that $10,000 going to look like when you get half way through?
I wanted to provide as much information as I could to readers about inflation, without knowing their personal financial situations. So, in my book you’ll find charts on inflation and a step-by-step walk-through of two different inflation rate scenarios. I’ve yet to see the cost of living go down, so this information can help you prepare now for the retirement you want.
When is Retire Right right for you?
There really is no set retirement age anymore. People work well into their 70’s while millenials and thirty somethings are looking to retire as early as possible. Therefore, there is no set age of when you should start considering these topics (or reading this book).
However, when you find yourself five or so years out from retirement, that’s when it’s a great opportunity to get yourself acquainted with Retire Right. At the five year mark, you’re going to have a better understanding of your expenses, you’ll know where you’re intending to live ten years down the road, and you’ll also have a better understanding of your health, family, and marital status.There you have it folks! A very brief overview of my first book. I look forward to sharing more with you on how you can Retire Right through my blog and podcast, but I encourage you to head over today and pick up your very own copy of Retire Right!