Retire Rich, Retire Early How To Retire At Any Age, For Real [Paperback]

Developed nations are divided into three classes todaypeople, mostly government workers, with defined benefit pension plans which take all the risk out of their retirement, the top 1% who in 2012 had a 19.3% share of US national income (up from just 7.7% in 1973) and everyone else. This mini book is written for the latterthe 80% of the working population who have to fend for themselves. Financial advisors seem to be saying pretty much the same thing these days such as, buy our mutual funds, use us to invest on your behalf in the stock market or stock market indices, buy our life insurance or term life products, cut your spending, save your money, let us invest your money for you in your 401(k) or IRA (RRSPs, TFSAs and IPPs in Canada), buy precious metals like gold through us& This book by Bruce M Firestone, PhD, lays out an alternative retirement strategy based on owning your own home plus three income properties. As the title says, it works at any agewhether you are 25, 35, 55 or even 75 although it works better at 35 or 55 than at 75. Today, the fastest growing demographic is 100 up so if you think that you may run out of retirement funds before you run out of runway, well, you could be right. Whats interesting is the fact that people in the 25 to 30 age bracket are also getting with the program ending up with significant independent income at age 45 or 50. How much money do you have to have to retire? Firestone looks at the case of Ms Maya Yates, a 36 year old single mother with a decent job who has set a goal of retiring at age 62 with an income similar to what she is currently earning$84,000 annually. She recently read a self help book that suggested she save 10% of her salary which she is having a tough time doingshe is responsible for three young children and gets no spousal support. She doubts this strategy will work for her anyway and shes probably right. Ms Yates knows that GE Capital Retail Banks optimizer is currently offering 1.3% p.a. on thelœ