Steve Vernon - Dont Go Broke in Retirement: A Simple Plan to Build Lifetime Retirement Income

Dont Go Broke in Retirement

A Simple Plan to Build Lifetime Retirement Income

Praise for Dont Go Broke in Retirement

When you retire, or are planning to retire, theres just one thing you need to know: Can you make your savings last as long as you will? Steve Vernon helps you answer that questionputting you on track to financial security for life.

Jane Bryant Quinn , author of How to Make Your Money Last: The Indispensable Retirement Guide

This is exactly what every pre-retiree needsa simple framework for planning and maximizing your retirement income, within a structure that takes away much of the financial worry so you can relax and enjoy this next stage of life.

Terry Savage , author of The Savage Truth on Money and a nationally syndicated financial columnist

Retirement shouldnt be about fiddling with spreadsheets or staying glued to CNBC. Dont Go Broke in Retirement teaches how to construct a solid financial plan for retirement in a straightforward, easy-to-implement way. This elegant volume gets right to the point so retirees can get on with their lives.

Christine Benz , director of personal finance and a senior columnist for Morningstar Inc.

Steve Vernons Dont Go Broke in Retirement is a well-written, smart book that really does offer a simple plan for building lifetime retirement income. The examples and key takeaways are based on a sound strategy and given with common sense to reinforce the average persons own experience plus help them achieve security and success by not going broke. Vernons expertise, coupled with practical suggestions, provides real solutions.

M. Cindy Hounsell , president of the Womens Institute for a Secure Retirement (WISER)

Whether in life or with ones finances, simple solutions are almost always superior. In his new book, Steve Vernon explains with brilliant simplicity how to worry less about money and enjoy life more.

Allan Roth , AARP Money contributor and author of How a Second Grader Beats Wall Street

Some of the most important decisions that middle-income families must make are when to retire, when to claim Social Security, and how to use their savings in retirement. Dont Go Broke in Retirement offers a practical, straightforward approach to setting up a retirement income plan tailored to the needs of typical middle-income Americans.

Anna M. Rappaport , FSA, MAAA, past president of the Society of Actuaries, internationally known retirement expert, and a phased retiree

The most complicated financial decision folks have to make regarding their retirement security is made easy by Steve Vernon. An easy read thats empowering through easy-to-understand financial decision-making processes for all near retirees, financial experts, and retirement plan sponsors thinking about retirement income for their 401(k) plan.

Robert Melia , executive director of the Institutional Retirement Income Council

This valuable volume explains how middle-income households can make their retirement savings last the rest of their lives. Its written in clear English by a real expert, and the approach is simple. Buy the book, read it, and enjoy the security of knowing you wont go broke in retirement.

Alicia Munnell , Peter F. Drucker Professor of Management Sciences and director of the Center for Retirement Research, Boston College

Dont Go Broke in Retirement explains, in plain English, the complex decisions needed for a secure retirement, and its written in a practical, implementable way. I think it will really help people.

Fred Reish , partner and leader, Financial Services ERISA Practice Team, Faegre Drinker, member of the Certified Financial Planner Board Public Policy Council

Steve Vernon has a gift for sorting through the clutter on retirement advice and focusing on the things that matter most. Dont Go Broke in Retirement is must reading if youre trying to decide when to retire and how youll replace your paycheck after you quit work.

Mark Miller , retirement journalist, author, and podcaster

Steve Vernon does a masterful job explaining a simple approach toward building a retirement income plan that anyone can master. Despite the simplicity, his approach is actually very close to how academics solve the retirement problem using more sophisticated theory: Build a base of lifetime income that you cannot outlive to cover your basics and then supplement this with additional spending from what remains. Job well done.

Wade D. Pfau , PhD, CFA, RICP, director of the Retirement Income Certified Professional program at The American College of Financial Services and founder of RetirementResearcher.com

For most middle-class American workers, the ability to earn a paycheck is their most important asset. However, many, perhaps most, are unprepared for decision-making as they transition into and throughout retirement. Steve Vernons guidance may help you minimize the chances youll experience buyers remorse with respect to your retirement income decision-making.

Jack Towarnicky , researcher for the American Retirement Association and past executive director of the Plan Sponsor Council of America

Dont Go Broke in Retirement

A Simple Plan to Build Lifetime Retirement Income

Updated December 2020

STEVE VERNON, FSA

Oxnard, California

Copyright 2020 Steve Vernon/ Rest-of-Life Communications. All rights reserved. Unauthorized copying of any type is prohibited by law without the prior written permission of the author. Requests for permission should be addressed to steve.vernon@restoflife.com .

Limit of liability/disclaimer of warranty: The information contained in Dont Go Broke in Retirement is based on the research and personal and professional experiences of the author as of the date of publication. While the author has used his best efforts in preparing this book, the author makes no representations or warranty with respect to the accuracy or completeness of the contents of Dont Go Broke in Retirement. It is not intended as a substitute for consulting with financial professionals. The author shall not be liable for any loss or negative outcomes, including but not limited to poor investment experience and outliving your financial resources. While the book mentions various financial institutions and their products, this is merely to provide examples and help you get started. These are not recommendations, and the author takes no responsibilities for your outcomes should you select these institutions or their products. You need to make your own investigations and decisions regarding retirement income solutions, financial institutions and their products. If you cannot agree to the above, then please do not read any further. Your continued reading of this book is your acknowledgment and agreement to hold harmless everyone connected with the publication and distribution of Dont Go Broke in Retirement. Thank you!

For more information:

Rest-of-Life Communications: www.restoflife.com

Project management: Markman Editorial Services, www.MarlaMarkman.com

Book cover and design: Lisa Winger, WinBach Marketing Images,
www.winbach.com

Library of Congress Cataloging-in-Publication Data:

Vernon, Steven G., 1953-, author.

Dont go broke in retirement: a simple plan to build lifetime retirement income

Includes bibliographical references and index. | Oxnard, CA: Rest-of-Life Communications, 2020.

ISBN: 978-0-9853846-6-1 | LCCN: 2020902517

LCSH RetirementUnited StatesPlanning. | Retirement incomeUnited StatesPlanning. | InvestmentsUnited States. | RetireesUnited StatesFinance. | Social SecurityUnited States. | 401(k)United States.