Your Nest Egg Game Plan: How to Get Your Finances Back on Track and Create a Lifetime Income Stream

by Phil Fragasso, Craig L. Israelsen

If you have an employer-sponsored pension plan, you're among the lucky few. Traditional pensionsin which retirees were guaranteed an income for lifeare a thing of the past. They've been replaced by 401(k) and IRA plans that shift the burden of building and managing a retirement nest egg to the employee. The scary part is that most of us are woefully unprepared to handle this responsibility.
That's where Your Nest Egg Game Plan comes in. Using simple language, the authors provide an easy-to-implement framework to design an investment program that will provide the benefits of a traditional pension planwhile offering the flexibility that retirees and pre-retirees demand. Rather than touting individual stock picks, painting doom or gloom scenarios, or focusing on the number, the authors take a broad look at all aspects of investing and income generation.

255 pages, Paperback

First published January 1, 2009

About the author

I sold my first article at the age of 16. Since then I have written and published a wide variety of books, articles and essays.

After 25 years as an executive in the financial services industry - and a dozen more years split between the high-tech industry and the public sector - I left to pursue endeavors that were more fulfilling personally and more contributory on a societal level. Today I focus my time on writing and teaching.

Reviews

[Timothy Olson · Rating 4 out of 5]

A good overview of planning for retirement. I'll admit that in some ways its a bit too "advanced" for my current understanding. Nevertheless, in general I found it quite readable, and it gave me some new insights into things I already understood fairly well, and introduced me to new concepts that I will continue to learn about. The book is targeted more toward the "soon to retire" and "already retired" than the "wealth building" phase of life.


Recommended for: Those soon to retire, those trying to get their minds wrapped around these concepts sooner rather than later.

[Qkimball12 · Rating 3 out of 5]

When it comes to having an all-around book about retirement, this is a great book for it. There is a wealth of knowledge between the two authors that is great for any of us preparing for retirement. If I was only focusing on content and information, this book would definitely have gotten five stars. My only knocks on it is:
1)there is so much information, examples, graphs, charts, stories, etc. (you get my point) that there is often just too much going on for the brain to process it all. I often had to re-read sections or graphs several times to understand the concept.
2)to go along with number 1, with all of the information that is going to the reader, the tone of the book is not really engaging. There are times that it sparks your interest...yet there are also times when it reads like a text book.

I would definitely recommend reading it, just don't expect to read it like a novel. This is one that is good to read one chapter at a time and pace yourself. You'll want to know what they have to say though.