The Big Retirement Risk by Erin Botsford

The subtitle of this book is: "Running out of money before you run out of time". Now for those of us near or at retirement, that's the concern/fear/worry!  We, baby-boomers, are entering the retirement years at a fierce rate and haven't always saved enough or prepared enough for the retirement years which now can stretch out for 30+ years or more. Add to that the current state of inadequate funding/reform of Social Security and Medicare and state/city pensions, and this group of retired folk are moving into uncharted and dangerous financial waters.

The author provides a new way of looking at retirement expenses and another prospective on what constitutes a truly diversified investment portfolio. Financial  advisor, Erin Botsford shows readers how to identify their preferred lifestyle and sustain it throughout retirement.  The book provides some worksheets to allow individuals to work through a budget and define what is required to maintain the type of preferred lifestyle desired during retirement. Breaking categories into what is absolutely required to maintain this lifestyle and how best to secure that income stream. She discusses various types of investments with their relative values and risks thoughtfully explained.  And along the way, she exposes financial myths for the facilities they are.

This book provides a new look at some real problems and solutions that could help many achieve some peace from this real fear of being elderly and out of money.