By: David J. Reindel
“A loud and clear message about asset preservation that every American needs to hear.” Fran Tarkenton
Massive numbers of 50-plus baby boomers will be retiring in the next few years. How will they finance that retirement? This practical guide presents an often overlooked but commonsense solution. Expert David Reindel argues persuasively for the preservation of assets, rather than a risk-prone obsession with the accumulation of them. Crucial to this process, he explains, is the humble annuity. Why have these time-honored investment tools generated so much negative attention in recent years? Don’t Die Broke details the financial industry’s misrepresentations of the annuity, and how — set up and managed correctly — it can offer the most reliable income source for boomers in this era of economic uncertainty. This book is both a clear-minded analysis of the forces that have led us to the present calamity and a reassuring roadmap to a more secure future.
Immersed as we are in what looks like a long-term climate of financial uncertainty, many investors have already endured market meltdowns, recession, volatile market “adjustments,” and ongoing forecasts calling for more economic instability in the years to come.
The key to author David J. Reindel’s advocacy for safer retirement planning is the humble annuity, a long-misunderstood financial instrument that is about to see a major return to favor. Why have these time-honored investment tools generated so much controversy in recent years? Don’t Die Broke takes a frank look at those issues, defining little-known perils facing retirement plans for an upcoming era of economic uncertainty.
This book is focused on ideas and concepts that will help it outlive easily dated annuity guides. His comprehensive expertise qualifies him as an essential teacher for curious consumers (and a “teacher’s teacher” for professional financial planners). Given the historic validity of safe retirement planning, this accessible resource is likely to become a classic in the retirement planning genre, sure to survive the gyrations of market ups and downs, changes in annuity/insurance products, and other elements that quickly date the typical “how-to” personal-finance guide.
This book will survive the test of time—and the time has most definitely come for Don’t Die Broke.