Books

When many people think about retirement, they think about an age (such as 65). Or maybe you’ve seen the ads on TV asking “what’s your number?” A successful retirement plan cannot be as simple as deciding on these two figures. Creating a financial plan is a great place to start, but understand that a financial plan is also simply a coordinated set of figures on pieces of paper. Without considering a myriad of variables, updating your plan as things change, and implementing your planned steps properly, you may find your plan is worth the proverbial “pieces of paper” it’s printed on.

The primary purpose of this book is to help you identify many of the issues facing retirees and pre-retirees. In my experience, sometimes retirees’ lives can be turned upside down because they did NOT address one or two of the topics listed within this book. Use this book instead to help you plan for and live out your best retirement possible.

What will happen if you become mentally incapacitated? Who will make medical decisions for you if you cannot? Who will care for your minor children if you or your spouse cannot? Would you like to financially “incentivize” your children to achieve certain goals? Do you know that your heirs may have to pay state death taxes even if they don’t owe federal estate taxes? As you will learn from Love, Money and Control, estate planning is more than just tax planning; it is a broad field that also encompasses family legacy, financial, retirement, disability, charitable, business succession, and gift planning. Estate planning is a process of planning to maintain control of your own well being and assets and to take care of loved ones, as well as to save money.

Many people fail to properly plan for their retirement and their children’s educational needs because they only focus on the financial part of the equation. However, retirement and education goals should not be determined solely by financial factors. Taking the time to understand your long-term goals that you want to achieve for your retirement and for your children’s education is the beginning of a successful wealth management plan. Do you want to tour the country in an RV, live in a beach house in Tahiti, or move closer to your children and grandchildren after retirement? This book, Living and Learning, will help you answer these and many other questions so that your retirement and your children’s education are built on a strong and enduring foundation.

The Intriguing part of success is that it means such different things to different people. David Reyes, Steve Forbes along with other leading experts from around the world have each written a section in this book in different areas but all exhibit the components of success: perseverance, passion, planning, risk taking with a willingness to fail, decision making and maybe the most important component of all, they take action. They each share their success methodology and mindset. This allows the reader to understand not merely how they think but more importantly, how they can guide and coach you to a mastery of your own life.