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Retire Early Book Review -- What Every Baby Boomer Should Know about Protecting Their Nest Egg in Retirement, by David Bates.

Retire Early Book Review --

What Every Baby Boomer Should Know about Protecting Their Nest Egg in Retirement, by David Bates.


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This article was first posted April 18, 2008.


Americans aren't the only ones who are losing a substantial portion of their retirement nest eggs to their financial advisors. Australian author David Bates warns his countrymen of this phenomenon in What Every Baby Boomer Should Know about Protecting Their Nest Egg in Retirement. The problem is that most of the research on the topic puts the "safe" withdrawal rate from a retirement portfolio at somewhere around 4% of the portfolio value. If the combined take of your financial advisor and mutual fund managers is anywhere from 1% to 3% annually, it doesn't leave much leftover for you to live on.

Bates looks at a variety of approaches to managing your retirement portfolio, while emphasizing the importance of keeping fees and commissions low. He explains some of the perils of Monte Carlo analysis even as he focuses on need to plan for worst case scenarios. He also reviews a few proprietary retirement income strategies such as the Teeter Totter Principle and Otar Retirement Solutions


What Every Baby Boomer Should Know about Protecting Their Nest Egg in Retirement


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by David J. Bates

Self published,
March 2008, 57 pp. e-book

Click here to order What Every Baby Boomer Should Know. Today!


What Every Baby Boomer Should Know about Protecting Their Nest Egg in Retirement is a good overview of the topic. It's a convenient place to start your research on managing your retirement assets.

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