Book Review: Your Nest Egg Game Plan
If you want a guide to learning how to live and retire on your own terms, and you are interested in putting together an investment plan that will help you live how you want, Your Nest Egg Game Plan is a valuable resource in helping you develop a plan of action.
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PrintIf you are concerned about the current state of the economy, and planning to retire relatively soon, you might wonder what you can do going forward. If you read Your Nest Egg Game Plan: How to Get Your Finances Back on Track and Create a Lifetime Income Stream you are likely to garner some insights that will help you fix your own personal financial situation. This book by Phil Fragasso and Craig Israelsen lays it out there for you, and helps you formulate a plan for getting back on track. Even though the book was written for those approaching retirement in the next few years, the insights offered can help anyone.
Your Nest Egg Game Plan is relatively easy to read, and contains plenty of charts and tables to illustrate the concepts presented. Fragasso and Israelsen start out by introducing money cycles and how they correlate to life cycles. This basic primer on how your money works during different points in your life is a great place to start. From there, the two financial services veterans follow a logical progression through figuring out what is necessary to retire on your terms (it goes beyond just finding a number), ensuring your money outlasts you, to dealing with inflation to protecting your assets to preparing for the end of your life. This is practicable, actionable stuff that you can apply to your financial life.
In between, Fragasso and Israelsen talk about creating investment portfolios that will stand the test of time, as well as preparing yourself emotionally for the downs that are an inevitable part of the market. They emphasize the importance of putting together a plan, rather than being blown about by emotion -- which usually means you tinker too much with your investments, jumping on what was hot last year. They also make it a point to help you learn about yourself, so that you can make the decisions that make the most sense for you.
Bottom line: If you want a guide to learning how to live and retire on your own terms, and you are interested in putting together an investment plan that will help you live how you want, Your Nest Egg Game Plan is a valuable resource in helping you develop a plan of action.
Your Nest Egg Game Plan is relatively easy to read, and contains plenty of charts and tables to illustrate the concepts presented. Fragasso and Israelsen start out by introducing money cycles and how they correlate to life cycles. This basic primer on how your money works during different points in your life is a great place to start. From there, the two financial services veterans follow a logical progression through figuring out what is necessary to retire on your terms (it goes beyond just finding a number), ensuring your money outlasts you, to dealing with inflation to protecting your assets to preparing for the end of your life. This is practicable, actionable stuff that you can apply to your financial life.
In between, Fragasso and Israelsen talk about creating investment portfolios that will stand the test of time, as well as preparing yourself emotionally for the downs that are an inevitable part of the market. They emphasize the importance of putting together a plan, rather than being blown about by emotion -- which usually means you tinker too much with your investments, jumping on what was hot last year. They also make it a point to help you learn about yourself, so that you can make the decisions that make the most sense for you.
Bottom line: If you want a guide to learning how to live and retire on your own terms, and you are interested in putting together an investment plan that will help you live how you want, Your Nest Egg Game Plan is a valuable resource in helping you develop a plan of action.
