How Much Money Do I Need To Retire?
Learn The 3 Essential Models For Figuring How Much Money You Need To Retire, And Uncover The 5 Critical Mistakes You Must Avoid When Using Retirement Calculators…
On the surface, it seems like it should be so easy, doesn’t it?
Just visit your local financial planner or use one of the many online retirement calculators, plug in a few numbers, and presto… the computer provides a reliably accurate “retirement number”.
The process appears simple and straightforward so what could be wrong?
Well, actually, quite a lot…
You may be surprised to learn that everyone is betting their retirement security on a facade of scientific accuracy that hides a crumbling foundation of impossible-to-make assumptions. Get one assumption wrong and it’s “garbage in equals garbage out” – your entire retirement estimate can be dramatically wrong putting your financial security at risk.
Worst of all, you wouldn't even know it was wrong until after it was too late!
Whether your financial planner does the work for you or you do it yourself doesn’t matter – you still run a serious risk of massively miscalculating how much money you need to retire because the conventional approach is fundamentally flawed.
However, there is a better solution…
In One Evening You Can Know More About How Much Money You Need To Retire Than Your Financial Adviser!
My name is Todd Tresidder and I stumbled onto this amazing problem after running a successful hedge fund investment management business and retiring at the ripe old age of 35.
Like you, I wanted to know if I had enough money to retire so I did the same thing everybody else does. I read a bunch of articles online, researched the available books on the subject and started testing my numbers using a few online retirement calculators.
What I learned was absolutely shocking!
The models used by nearly all the financial professionals were incomplete half-truths that could lead to disastrous results. They were “pseudo-science” giving the appearance of mathematical precision but hiding a deep layer of false premises and impossible-to-make assumptions that can destroy your financial security.
Now, you may be wondering what gives me the right to question authority in the financial planning profession. After all, the practices I’m challenging have evolved over many decades. These people are "experts". Well, as it turns out, my professional background was uniquely suited to discovering the next step in retirement modeling – a step that is critical to your financial security.
I spent more than a decade developing mathematical investment systems for an investment management company where every mistake could cost millions. I had no choice but to learn how to build robust models that worked (and what problems to stay away from). I built my wealth using statistical investment models, earned my degree in Economics, and learned a thing or two about the danger spots to avoid in financial modeling. In short, I brought a little more experience than most to the retirement planning process.
That’s why I was so shocked when I saw the industry standard approach to retirement planning making obvious mistakes – and that people like you were betting their financial future on these risky calculations every day.
You see, it’s not your fault if you are making these same mistakes. These flawed models are the only ones available to you. All the calculators and free information on the web perpetuate the same myths and half-truths. It took me a lot of time to dig deep enough into this subject and develop the expertise to see through it all, and frankly, you have better things to do than become a financial expert.
So let me explain exactly what's wrong with the conventional retirement planning process below and give you specific examples so that you can avoid these problems…
5 Assumptions That Can Destroy Your Financial Security – Which One Are You Making?
In a nutshell, the problem centers around the fact that all the retirement planning models require you to make five assumptions about your future that are impossible to estimate accurately. Get just one assumption wrong and your entire financial security would be placed in jeopardy. Get several wrong and you could be toast.
Consider just the following three out of five assumptions required by every retirement calculator and decide for yourself if what I’m saying is true…
1st Required Assumption: When will my spouse and I die?Nobody knows when they will die, and the state of the art answer is to use actuarial tables which are averages and have no relevance to any one person’s date with destiny. The truth is a healthy couple at 60 has a very high chance of at least one spouse surviving 10-20 years beyond the averages; yet, the typical model doesn’t budget for this outcome. 2nd Required Assumption: What will the inflation rate be for the rest of my life?PhD economists routinely get this wrong for even one year into the future so how are you supposed to forecast 20-30 years into the future? Not only that, a small change in this number can cut your purchasing power in half (or worse!) during retirement causing serious problems. 3rd Required Assumption: What will the return on my investment portfolio be?The state-of-the-art answer assumes future returns are either randomly distributed or related in some way to long-term historical averages over the past 100 years or so. The problem is your retirement security will be determined by the next 15-20 years of actual investment returns which can be wildly different from history. There is a better solution but almost nobody teaches it.
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Do you see the problem? Every one of these assumptions is a requirement of every single retirement calculator in one form or another. You simply can’t make the calculation without making the assumptions. (If you’re not asked for an answer then the calculator assumes an answer for you – and it can’t be done with any certainty or accuracy.)
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"When I hit the "5 Questions" it was like 20 years of investment advice came together. You had me hooked, and the rest of the book was a page turner that I couldn't put down. By the end I realized I could retire now if I really wanted to – 22 years earlier than conventional retirement planning." Dan Cosgrove, CEO Mercantile Systems Inc. |
Now here is the key point… If you get just one of these assumptions wrong then the amount of money you need to retire is wrong – not just by a little bit, but by a whole lot. This can undermine your financial security.
Change a couple of assumptions by just a percentage point or two and the amount of money you need can get halved or can multiply by a factor of 2 or 3. I’m not kidding! It is just the way the math works due to the effect of compounding small changes over long periods of time. It is a huge, big deal!
How are you supposed to feel secure about your financial future when the actual amount of money you need could be half your estimate or three times the amount you estimate? It’s ridiculous! You can’t possibly do serious financial planning when such a wide range of outcomes is possible.
I decided there had to be a better way…
Forget Retirement Calculators! Learn The Secrets To How Much Money You Need To Retire Using These 3 Simple Models…
Are you ready for a simple step-by-step process that you can confidently use to figure out how much money you need to retire… and the results are trustworthy? It's easier than you thought…
What I realized is there are actually three separate approaches to determining how much money you need and each solves a unique piece of the retirement puzzle. I will teach you all three (don’t worry, it’s very simple) because it is the combination that provides clarity and confidence in your retirement number. Choosing only one solution gives an incomplete answer (but as you are well aware, that is what most experts do!).
Let me explain how these three solutions can help you…
Solution 1: Discover how you can apply the conventional retirement planning model in the only way that is truly safe and secure. |
This first solution shows you step-by-step what is wrong with the conventional approach and tells you exactly how to fix the problems so that you can rely on the results.
Remember, the "conventional approach" is the model all retirement calculators assume where you put away a little from each paycheck while you work (like when you fund your 401(k)) until your retirement date when live off your savings.
This model works well for retirement life expectancies of 20 years or less but is complicated by all the dangerous assumptions cited above. It also runs into serious trouble when you have a longer retirement life expectancy (like many of us) and/or include non-traditional assets in your investment portfolio like passive business income and rental real estate.
While this model has its challenges it yields important information that no other solution provides so it is an important starting point (although it is not the whole story like most experts assume). I'll teach you…
- Safe workaround answers to all the required assumptions so that you don’t have to be a statistical expert or consult your crystal ball.
- How to figure out what range of assumptions are reasonable based on your personal situation (and what range of assumptions can leave you high and dry!).
- Step-by-step instructions that take you through the entire process from start to finish so that anyone from beginner to expert can have total clarity and confidence about how much money they need to retire.
- Develop an intuitive understanding of how retirement calculators really work so that the mystery behind the “black box” is unveiled.
- How to plan around Social Security and Medicare cutbacks so that you aren’t left short when you need it most.
- How to know if your savings is on track or if you need to change plans now (before it is too late).
- Discover the critical economic changes you must watch out for in the future that could invalidate your retirement number, and learn what you must do to adapt and preserve your financial security if that happens.
- How to reduce your risk and eliminate confusion. You will know the inner workings of your number and exactly how secure it really is. No guessing or wondering any more.
Solution 2: Learn my previously unreleased 3-step formula that allowed me to retire at age 35 with confidence and security. |
This second solution was how I solved the problem of planning a 60 year retirement when the conventional models wouldn’t work, and it provides a completely different (yet complimentary) viewpoint to the previous solution.
It is based on cash flow instead of assets (like the previous solution), and it requires none of the dangerous assumptions the traditional approach requires. Best of all it is far simpler to plan for, adapts well to a wider range of retirement scenarios, and works best for non-traditional portfolios and the increasingly common longer time horizons many of us will face in retirement.
You will learn…
- Exactly how each step of my three step formula works and how they fit together to provide an elegant solution to a complex problem.
- Why this formula is simple to understand and model (although it is harder to achieve!).
- How this model lets you know with very high confidence that you will always have enough money to pay your bills when the income stops coming in – regardless of when you retire or how long you live.
- How adding a “bonus” fourth step to this model can build a virtually impregnable fortress around your retirement security.
- How this solution sidesteps all the dangerous assumption problems through a very clever workaround so that you have greater confidence in your retirement security.
- Why it is very, very safe and secure so that you know exactly how much you can spend each month and never have to worry or wonder.
Solution 3:Discover little known, creative alternatives to retirement planning’s toughest questions so that you can retire sooner or retire on less savings without sacrificing lifestyle. |
This third solution teaches you essential tactics, strategies and insights that may dramatically alter how you plan your retirement. Many readers tell me this is the most powerful, life-changing part of the workbook.
What it contains is a series of real-life, eye-opening examples from my financial coaching practice explaining alternative retirement planning concepts that can allow you to retire sooner than expected or make ends meet if your savings are not up to par…
- Discover the surprising relationship between spending and retirement savings that can reduce the amount of money you need to retire by $300,000 – $600,000 or even more.
- This section of the workbook is like having several hours of creative coaching and planning with me (but without the expensive fees).
- Learn uncommon tactics that can help you spend less without reducing lifestyle (this is not the usual “coupon clipping” advice).
- Uncover alternative approaches to redesigning your savings and spending plans so that you can salvage your retirement if your original estimates show you don’t have enough.
- Figure out how much longer you will have to stay in your job before you sail off to your dream life (Surprise! It could be a lot sooner than you think with the helpful tips I provide).
- Learn how to reduce your savings burden now so you can enjoy spending more of what you earn today.
- Transform building your retirement savings from an impossibly large task into something that feels realistically achievable.
- Simplify the complicated math into extraordinarily simple formulas that even my 10 year old could understand (but she’s a pretty smart 10 year old).
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"When you finish this book you realize there are many options and alternatives to have the lifestyle and retirement that works for you. It is a practical hands-on guide that cuts through all the clutter. Not only do I have a better understanding of the retirement planning process, I also have renewed hope, energy, and optimism that I can reach my retirement goals in 7 years or less." DJ Richoux – Business Owner, Vancouver Canada |
This workbook, with all three solutions, took weeks of my own research and testing to develop, and it compresses all that knowledge down to just the essential elements you have to know. You get all three solutions – each providing a unique perspective on how much money you need to retire – all in one concise, 46 page workbook. The combination of these three models together is what provides a complete answer to how much money you need to retire.
Nothing else does…
How To Be Completely Confident And Secure About How Much Money You Need To Retire… In One Evening!
Do you want a no-fluff guide that cuts to the chase and tells you exactly what you need to know without wasting any of your time? Are you frustrated by “amateur hour” sound-bite articles that provide only fragmentary knowledge? Well, everything you need to know is conveniently organized in one, concise workbook so that you…
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"This is a great little book to get you on the right track for your retirement goal. It's concise and to-the-point. It can be read in about an hour and is an easy read – no high level math. I recommend it." David Bates – Publisher, ProtectYourNestEggInRetirement.com |
- Don’t have to spend endless hours searching all over the internet for piecemeal knowledge and contradictory ideas saving you many hours of work.
- Have a single, cohesive, step-by-step explanation that eliminates frustration and confusion.
- Have a complete formula providing a solution that actually works instead of random information and trivia that can cause dangerous miscalculations.
- Concise no-fluff education (just 46 pages) so that you spend a minimum amount of time learning only the information you need to know.
- Simplifies the math without sacrificing accuracy.
- No computer, software, or online calculators necessary – it’s that simple.
- Don’t have to do all the research and hard work of becoming a financial expert yourself because I did it all for you (and hand it to you carefully organized on a silver platter).
- So you can get it done with minimal effort, know you got it right, and can get on with your life.
This Is The Book I Wish Someone Had Written When I Had To Plan My Retirement
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"Before reading "How Much Is Enough To Retire" I naively thought this question had a simple answer. Now I understand the many variables that can affect the answer and have a broader view of what retirement can actually look like if you think outside the box. The clarity I got from Todd's Three Rule System gave me a simplified concept of retirement that actually makes more sense than trying to factor in so many unforeseen and unpredictable variables." Lisa Cary, Hawaii |
What this workbook does is eliminate confusion and reduce risk by providing the essential information you need to have in order to succeed at saving enough money for retirement – all for just $37.
This isn’t theory or advice from someone with no tangible experience in financial modeling. Instead, it is practical, no-nonsense, tried and tested principles with an actual plan and specific steps that tells you how much money you need to retire with confidence and security. Everything you need to know is in one concise workbook.
You can download your personalized PDF copy now so that you can begin learning right away. There’s no waiting and the process is easy and totally secure. All credit cards are accepted using your choice of these trusted merchant names – PayPal or Google Checkout – thus ensuring your information is secure.
Within minutes you will receive an electronic receipt with instructions and a link to automatically download your copy. You can then read the workbook on your computer or print a copy for convenience, and in just one evening you can finish the task with confidence. It is that simple…
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Ready to get started? Or do you still have a few questions?
Q: Why pay $37 when I can find all this information on the internet for free?
A: Have you considered that maybe all the free information on the web doesn’t tell you what you really need to know? Sure, you’ll find tons of articles requiring many hours of research and many more hours of reading repetitive and contradictory advice to uncover just part of what is in this book, but is your time worth $37 to have it efficiently handed to you on a silver platter? Even if you did spend countless hours painstakingly researching this subject you wouldn't learn everything in this book. Finally, if I were to charge you my hourly rate to research and write this book it would cost you in excess of $10,000 – but you get it for just pennies per hour. Is your time worth more than pennies per hour to try and duplicate my effort?
Q: How do I know this book is any good and you’re not just some huckster out to get my $37?
A: Because I give you an unconditional, no questions asked, 100% money back guarantee – so you are never at risk. I’m not going to make a dime if I don’t deliver more value than you pay for because you’re just going to ask for a refund. In short, you risk nothing and have nothing to lose by testing the product out.
Q: I already figured this out with my financial advisor (or an online retirement calculator). Why do I need your workbook?
A: Yes, you probably did something similar with your financial advisor or with an online retirement calculator – but are the results accurate? Do you really want to risk betting your retirement on it knowing all the problems explained above? Remember, calculators just process numbers: it’s the assumptions behind those numbers that makes or breaks the accuracy of the estimate. How will you know if you or your advisor made any of the usual mistakes most people make until you learn the solutions provided in this book?
Q: I hate math! Will this still work for a math phobic?
A: Absolutely! I break the whole thing down into step-by-step simplicity. If you can do basic addition, subtraction and multiplication then you will have all the math genius required by this book. It doesn’t get any simpler.
Q: I don’t have the time to read another book?
A: Seriously? It is a mere 46 pages of concise, laser-focused education. Doesn't a financial goal you spent a lifetime working toward justify one evening of study and $37 to make sure you get it right…
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| Still Not Sure? Here Is A Sneak Peak At The Table Of Contents: | |
| Introduction……………………………………………………………………………………. | 5 |
| Why Calculate The Savings Needed For Retirement?……………………………… | 7 |
| Answer These Essential Questions To Determine Your Retirement Number… | 9 |
| Question 1: How Much Income Do I Need For Retirement?………………………. | 11 |
| Question 2: How Do I Figure The Impact Of Inflation?……………………………… | 14 |
| Question 3: How Do I Figure Life Expectancy?………………………………………. | 17 |
| Question 4: What Do I Do With My Company Pension and Social Security?…… | 19 |
| Question 5: How Much Investment Income Can I Assume?……………………….. | 23 |
| A Simplified Model To Calculate Your Retirement Number……………………….. | 27 |
| How To Build A Confidence Interval…………………………………………………….. | 30 |
| The Traditional Financial Planning Approach – Not!…………………………………. | 33 |
| The Key Is The Assumptions You Use – Not The Model……………………………. | 36 |
| How To Retire Sooner By Adjusting Your Assumptions……………………………. | 37 |
| Special Bonus: My Simple Three Rule System……………………………………….. | 41 |
| Postscript………………………………………………………………………………………. | 46 |
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P.S. – There are three reasons you will want to buy this book: it saves you time, saves you money, and saves your retirement. Is that worth $37 – money back guaranteed?
P.P.S. – This workbook is the quickest and simplest way I know to feeling confident and secure about how much money you need to retire. It is the only resource that provides a total solution. I wrote it based on everything I learned planning my own retirement and coaching clients just like you to do the same for more than a decade. This is your chance to benefit from all that experience, and you risk nothing by giving it a try. Click the link above and get your copy now.
