A detailed and well-written guide to retirement planning for those with financial literacy.
A retirement manual deeply examines the theory behind common investment and spending models.
In this book, Pfau (Reverse Mortgages, 2016) is writing for financially savvy readers interested in exploring the reasoning behind models for retirement planning, with a spotlight on strategies driven by spending expectations. With frequent references to Monte Carlo simulations and the work of financial adviser William Bengen, Pfau leads readers through spending and investment tactics, presenting the many possible outcomes based on known probabilities and assumptions about the economy of the coming decades. The volume delves into the relationship between spending and returns, demonstrating how each can be adjusted to compensate for changes in the other and for the retiree’s personal goals and risk tolerance. With graphs illustrating every arrangement discussed, the book makes it clear that readers who plan to take an active role in managing their retirement funds must have the patience to study all possible scenarios in order to approach investing knowledgeably. The author is candid about the shortcomings of historical data as a basis for investment decisions because of the unusually low interest rates of the present day and the fact that the information is drawn from a limited number of overlapping periods that disproportionately emphasize the mid-20th century. While the work is focused primarily on the underlying theory, it does spend some time on concrete investment advice, highlighting the advantages of delaying Social Security payouts and explaining how to build a bond portfolio. The volume will likely be of greatest relevance to readers who are comfortable with statistical analysis and have the financial expertise to implement the high-level recommendations in the context of their own economic situations; audiences in search of more direct tips on retirement planning should look elsewhere. But for those with the necessary background knowledge, Pfau offers a clear and coherent text (“The argument is that when retirees instead have a front-end bond ladder, they know there is time for stocks to recover before they need to be sold”), which should help those intending to actively manage their retirement funds.
A detailed and well-written guide to retirement planning for those with financial literacy.Pub Date: Oct. 1, 2017
ISBN: 978-1-945640-02-5
Page Count: 362
Publisher: Retirement Researcher Media
Review Posted Online: Oct. 24, 2017
Kirkus Reviews Issue: Dec. 15, 2017
Review Program: Kirkus Indie
BOOK REVIEW
BOOK REVIEW
This is not the Nutcracker sweet, as passed on by Tchaikovsky and Marius Petipa. No, this is the original Hoffmann tale of 1816, in which the froth of Christmas revelry occasionally parts to let the dark underside of childhood fantasies and fears peek through. The boundaries between dream and reality fade, just as Godfather Drosselmeier, the Nutcracker's creator, is seen as alternately sinister and jolly. And Italian artist Roberto Innocenti gives an errily realistic air to Marie's dreams, in richly detailed illustrations touched by a mysterious light. A beautiful version of this classic tale, which will captivate adults and children alike. (Nutcracker; $35.00; Oct. 28, 1996; 136 pp.; 0-15-100227-4)
Pub Date: Oct. 28, 1996
ISBN: 0-15-100227-4
Page Count: 136
Publisher: Harcourt
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: Aug. 15, 1996
BOOK REVIEW
BOOK REVIEW
An extravaganza in Bemelmans' inimitable vein, but written almost dead pan, with sly, amusing, sometimes biting undertones, breaking through. For Bemelmans was "the man who came to cocktails". And his hostess was Lady Mendl (Elsie de Wolfe), arbiter of American decorating taste over a generation. Lady Mendl was an incredible person,- self-made in proper American tradition on the one hand, for she had been haunted by the poverty of her childhood, and the years of struggle up from its ugliness,- until she became synonymous with the exotic, exquisite, worshipper at beauty's whrine. Bemelmans draws a portrait in extremes, through apt descriptions, through hilarious anecdote, through surprisingly sympathetic and understanding bits of appreciation. The scene shifts from Hollywood to the home she loved the best in Versailles. One meets in passing a vast roster of famous figures of the international and artistic set. And always one feels Bemelmans, slightly offstage, observing, recording, commenting, illustrated.
Pub Date: Feb. 23, 1955
ISBN: 0670717797
Page Count: -
Publisher: Viking
Review Posted Online: Oct. 25, 2011
Kirkus Reviews Issue: Feb. 1, 1955
© Copyright 2024 Kirkus Media LLC. All Rights Reserved.
Follow
Popular in this Genre
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
bookshelf
