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Book details
  • SubGenre:Finance / Wealth Management
  • Language:English
  • Pages:272
  • Hardcover ISBN:9798350914184

Financial Guide for Retirement

by Mark Fagan

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"Financial Guide for Retirement" is a course on saving and managing money successfully for retirement. It is a summary of the literature on financial assets written by the best academicians and investment practitioners. This book combines 100 years of research findings on financial assets with practical information for managing them. The research covers expenses in retirement, income for retirement, investing, bonds, stocks, real estate, protecting assets, inflation, interest rates, the economy, when assets perform best, and managing investments. Mark Fagan shares practical information for those who are saving money for retirement, making choices about the investments in their retirement accounts, working with financial professionals on their investments, or investing on their own. It is intended for those wanting a financially secure retirement but lacking the necessary knowledge. The sooner people understand the content of this book, the better their chance of enjoying financial security during their lifetime.

This book explains the expenses and income sources for retirement from the author's research and writing about retirees and retirement for 38 years. It also summarizes the principles of investing as presented by many experts on investing. These principles and information about economic and financial indicators are derived from an extensive review of the literature (including websites) about financial assets.

Golden nuggets of information are compiled from such successful investors as Benjamin Graham, Warren Buffet, Charles Ellis, John Bogle, Howard Marks, David Swensen, William O'Neil, Charles Payne, Eddie Ghabour, Doug Ramsey, Jeffrey Hirsch, Andrew Tobias, Timothy Hayes, and David Bronner. Research on capital markets' performance over the last 100 years is presented from the top academicians from Harvard, Yale, Princeton, University of Pennsylvania, and London Business School. These professors include Burton Malkiel, Jeremy Siegel, Robert Shiller, Elroy Dimson, Paul Marsh, and Mike Staunton. Information about money and inflation is presented from Morgan Housel, Steve Forbes, Nathan Lewis, and Elizabeth Ames.

This book is broken into the following chapters: Expenses in Retirement, Income Sources for Retirement, Investing for Retirement, Credit Securities (Bonds), Equity Securities (Stocks), Real Estate, Protecting Assets in Retirement, Inflation, Interest Rates, and the Economy, When Each Asset Performed Best, Managing Investments for Retirement, and References. Each chapter contains term definitions and all topics broken into headings and sub-headings related to the chapter title.

There is a unique section on emotions and successful investing. This includes information on how emotions and asset values, how emotions work, rational and irrational beliefs that cause inappropriate emotions which lead to unsuccessful investments, the main inappropriate emotions as market prices increase and decrease, and how to think more rationally to produce more appropriate emotions for investing successfully.

The concluding chapter provides detailed suggestions for managing investments for retirement. There are instructions on which indicators to use for selecting asset allocation and where to find the current readings for these indicators. There are suggested daily and weekly routines for monitoring investments and making decisions about them. There is a decision matrix that serves as a checksheet for asset allocation for various stages in the economic cycle. There is a list of books on economic and financial data as well as current websites providing detailed information on financial assets and financial indicators.

About the author

Mark Fagan’s career includes 32 years as a college professor where he taught research and served in economic development. His writings for the last 38 years include articles, studies, reports, and booklets along with seven books on retiree migration, retirement areas, and the economic impact of retirees. Three of his books focus on the history of financial assets (stocks, bonds, commercial real estate) in public pension funds. One book by him is on the history and economic impact of The Robert Trent Jones Golf Trail with its 450 holes, eight hotels, and two recreational/retirement communities.