Retirement

To save enough to retire comfortably, and then make your money last, is challenging, but it can be done. McQuarrie and Bernstein show you how.It won't be enough to put a small chunk of each paycheck into your retirement plan and trust in the market. A diversified portfolio is not sufficient. What about the 4% rule? No, it won't save you. Yes, you had better maximize your Social Security payout.Retirement sets out the facts about what it takes to save for a comfortable retirement and the key mistakes to avoid. Authors Edward F. McQuarrie, a renowned financial historian, and William J. Bernstein, a legendary voice in the investment world, pull back the curtain on 200 years of market history to reveal the hard, unvarnished truth about how much you really need to save for retirement and the best ways to do it.This book gives you state-of-the-art approaches for stretching out your money so that you never run out. The authors also address the role of life annuities, discuss how a ladder of inflation-adjusted bonds can cushion the ups and downs of the stock market, and explain how (and why) the 4% rule has been replaced with more robust and successful methods for managing withdrawals.Retirement delivers a message of tough love. If you are saving for retirement, you need to hear it.