The Savage Number

How Much Money Do You Need to Retire (and How to Make it Last as Long as You Do)?

By: Terry Savage

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Product code: 21287
ISBN: 0471727997
224 pages
Format: Pb
Published by: John Wiley & Sons, 2005, 1st edition

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The Savage Number - front page cover image

Description of The Savage Number

Smart strategies for anyone planning - or helping their parents plan - their retirement

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. Financial expert Terry Savage takes readers into the fascinating new world of Monte Carlo retirement modeling and the asset protection strategies of long-term care insurance and reverse mortgages.

She takes the guesswork out of figuring out how much needs to be saved, how to continue to earn money during retirement, and how to safely use assets like home and life insurance policies to make sure that money doesn't run out.

The Savage Number - Chapter headings

Introduction: Can You Retire.

PART 1: RETRO-RETIREMENT.

1. The Savage Number.

2. Time is Money.

3. The 10 Key Questions.

PART 2: MONTE CARLO YOUR MONEY.

4. The Savage Answer: Monte Carlo Modeling.

5. Saving Up, Drawing Down.

6. Getting It All Together.

7. A Road Map to Monte Carlo.

PART 3: INVESTING FOR RETIREMENT.

8. Stocks, Bonds, and Chicken Money.

9. Beyond the Basics.

10. One-Step Retirement Investing.

PART 4: STREAMS OF RETIREMENTN INCOME.

11. Where Will the Money Come From?

12. Social Security and Medicare.

13. Annuities for Income and Tax-Deferred Growth.

14. How to Turn Your Home Into Your Pension.

PART 5: LONG-TERM CARE: THE GREATEST RISK OF ALL.

15. Long-Term Care Insurance: Who Needs It?

16. How to Understand Long-Term Care Coverage.

17. Buying Your Long-Term Care Policy.

PART 6: ESTATE PLANNING; THE PRICE OF SUCCESS.

18. What's Left?

Conclusion.

Acknowledgments.

Index.

Authobiography of Terry Savage

TERRY SAVAGE has financial expertise that comes from experience. She started her career as a stockbroker and became a founding member—and the first woman trader—on the Chicago Board Options Exchange. She is a nationally known expert on personal finance and is a regular investment and financial markets commentator on CNN, CNBC, PBS, and NBC. She is the nationally syndicated Chicago Sun-Times personal finance columnist, and author of three bestselling books. Her most recent book, The Savage Truth on Money (Wiley), was made into an hour-long TV special that aired on PBS. Terry has won numerous awards, including the National Press Club Award for Outstanding Consumer Journalism and the Outstanding Personal Finance Columnist Award given by the Medill School of Journalism at Northwestern University. She has also received two Emmys for her television work.

www.terrysavage.com