During a time when looking to the future is more important than ever, Savage will offers streetsmart advice for the many soon-to-be retirees uncertain about their retirement portfolios and wondering how much longer they will have to work to make up for the losses in their 401(k) and other retirement portfolios. "The Savage Number" provides the strategic guidance and hands-on techniques necessary to plan a successful, satisfying retirement - even if "enough" money hasn't been saved.
Nationally renowned financial expert Terry Savage helps readers figure out how much money they need to retire - their own "savage number" - and how to invest to reach that goal. Then, when retirement looms, she guides them through the process of planning withdrawals so the money lasts their entire lifetime. In between, Savage has practical advice for getting personal finances organized, finding help in the investment process, insuring retirement plans against the disastrous need for long-term care, and creating a lifetime plan for money management.
The updated second edition will be updated throughout the chapters to reflect the changed economy including changes to the mortgage market, taxes and stock market performance over the past few years.