Perhaps you have not thought about retirement. Perhaps you assume there will be some kind of company pension plan or that Social Security will provide most of your needs. If you are one of these delusional individuals, it is time to pull your head out of the sand and face reality. Defined benefits plans are becoming extinct and the Social Security fund will face some serious liabilities when the Baby Boomers hit 65. Unless you implement a strategy to contribute your own money for retirement, you may be left out in the cold.
Maybe you have an employer plan but are not currently participating. Is there any particular hurdle keeping you from doing so? Maybe you think you need a high income to build wealth for retirement. Maybe you are apprehensive about the stock market or investing. I am here to tell you that building wealth for retirement has nothing to do with intelligence, income level, or "skill". There is only one thing that builds retirement wealth, and that is discipline. A person who starts early in life and meakes a habbit of regular contributions will be the one who emerges victorious.
Investing is not difficult, nor is it beyond most people's understanding. The problem is that most of the salespeople have a vested interest in the products they are trying to sell you. Most of these financial representatives are paid with commissions. The more commission and expenses they extract from you, the richer they get, but the poorer you get. In this sense, their goal is diametrically opposed to your own.
So, there is only one solution. The average worker must take on a basic understanding of investing, if he/she is to ever have a chance at receiving his/her fair share of the market's return. I have read many good books, but none of them are fully complete on the subject of retirement investing. Some may do a good job of explaining mutual funds, but don't explain stocks. There are good books about stocks, but they neglect bonds. And almost none of the books talk about retirement plans. Since a universal book could not be found, I decided to create one myself. And rather than sell it, I decided to do something different. I self-published the book and am now offering it for free. It will only cost you your time. It is my hope that you will find the tools necessary to formulate a plan for yourself and that you will wind up financially independent for retirement.
(in PDF format)
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