Jeff Ingersoll - The Accumulation Myth: 8 Retirement Flaws & How to Fix Them

JEFF INGERSOLL, CIMA, AIF

The Accumulation Myth :

8 Retirement Flaws & How to Fix Them

Copyright 2020 by Jeff Ingersoll CIMA, AIF

All rights reserved. Printed in the United States of America. No part of this publication may be reproduced, distributed or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

In Association with :

Elite Online Publishing

63 East 11400 South, Suite #230

Sandy, UT 84070

EliteOnlinePublishing.com

Book and Cover design by Gheen Hillman

First Edition: May 2020

Praise for The Accumulation Myth

The Accumulation Myth addresses the retirement issue in a clear and precise manner, helping the reader understand how to prepare for that day when our regular income stops and our investments take over. This book helped me realize many concepts that I had not previously considered thoroughly. I find it a tremendous resource that I will refer to in the future. Mr. Ingersoll has obviously had a lifetime of financial experience in helping people like me, thank you.

- Ron D.

The Accumulation Myth by Jeff Ingersoll offers an exciting new look at retirement planning. It gave me insights into my own beliefs and desired outcomes. The book is clear, concise, and well-organized. Thank you, Jeff, for helping me to rethink my financial goals before it was too late!

- Suzanne W.

In The Accumulation Myth, Jeff Ingersoll exposes the misinformed ubiquitous paradigm that the end goal, in order to retire comfortably, is to build a large nest egg. He mathematically refutes the misconception currently preached by the retirement planning industry, that a comfortable retirement is dependent and will directly correlate to the size of my net-worth at the time of retirement. Accumulation Myth describes and lays out a better plan that helps me enjoy life now, feeling confident that I don't have to scrape by, putting every penny into my retirement accounts so that I can eventually enjoy the "sunset years".

- Andy I.

As a health professional and specialist, I am surprised that so many of my colleagues take it upon themselves to self-diagnose and self- treat their financial health and future or seek financial advice from the retail, big-box financial advisors. Would it ever be considered prudent for a patient with kidney disease to self-diagnose and self-treat? Or would a patient with heart disease be wise to seek treatment from a chiropractor or neurologist for that matter? In The Accumulation Myth, the author lays out solid reasoning that best outcomes are enjoyed by those who listen and act on advice given by those trained and educated to do so. Just like our patients, listening and acting on the advice of those with education will give the best chance for success.

- An appreciative DDS

The Accumulation Myth is an eye-opener and fantastically describes the fallacies and shortcomings of current retirement thinking. The Accumulation Myth doesn't just expose the holes in the retirement planning industry's current and latest model but offers a viable, safer alternative whilst showing you how to retire better and earlier with great confidence. If you have 15 or more years left until you plan to retire this book is a should read soon. If you have less than 15 years until you plan to retire this book is a must-read now!

- A.J.

I have self-managed my investments my whole life. But this book made me aware of strategies I had never considered and made me reconsider some strategies of which I should have been more aware. My ROI on buying this book is too high to even calculate. My wife, my children, and I all are indebted to the writer.

- Better Informed

I have read this book two times. Both times it was helpful to learn or remember what the "fatal flaws" are in my investment strategy. Executing around the "fatal flaws" will save me and my heirs hundreds of thousands of dollars.

- Grateful Investor

I have self-managed and will likely continue to self-manage my investment portfolio. But many times as I was reading Mr. Ingersoll's book, even with a career in finance, it made me doubt whether I have the sophistication to really do this. At a minimum, I would recommend this book to assure you have thought through many of the issues that many investors overlook.

- T.S.

Many investment advice books are too long, too complicated, and too outdated. I should know, I have several of them. Jeff's book is short, easy to read, but hits on so many substantive points that are critical in planning for retirement and death. Jeff's book should be a great source so you aren't surprised when it is too late by incorrect assumptions that could devastate your plans. If you need to dig deeper into some of the "fatal flaws" you can talk to an advisor or read online or buy a book focused on the "fatal flaws" most relevant for you.

- T. Whiteley

PREFACE

W HAT IS THE CURRENT state of your retirement nest egg? Are cracks starting to show... perhaps already broken?

In Japan, there is an ancient art known as Kintsugi , that of putting broken pottery pieces back together with inflected gold. Kintsugi is built on the idea that by embracing flaws and imperfections, you can create an even stronger, more beautiful piece of art.

Like the art of Kintsugi, should you choose to engage and execute the relevant concepts outlined in the following chapters, you may not only repair your nest egg, but greatly enhance and strengthen it, leaving you with a higher sense of security and peace of mind. A better retirement outcome is a success.

INTRODUCTION

THE ACCUMULATION MYTH

"There are none so blind

as those who will not see."

-Jonathan Swift

I T IS INTERESTING THAT nearly every conversation, every investment strategy, every spreadsheet, every tool Ive employed in the client-advisor relationship, ultimately came down to providing solutions which satisfy this universal question...