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Permission to Spend: Maximize Your Retirement with the Best-Kept Secret in Personal Finance
Eliminate fear from your retirement, minimize taxes, take control and gain Permission to Spend.
You will be afraid to spend. Millions of Americans are under-enjoying their retirement because they’re afraid of the “what-ifs” that could derail their best-laid plans. They’re afraid of what happens if they live too long, markets crash or they require expensive ongoing care that their plans cannot support. They’re afraid of running out of money at a time when doing so would be catastrophic. These people are victims of an industry that has been seduced by the sexiness of accumulating investments, with no regard for how to use them later in life. With a modern twist on a centuries-old strategy, this book will help you understand how to begin with the end in mind and set up your finances to maximize income during your lifetime, while ensuring your goals are protected.
In this guide to planning for retirement, Tom Wall provides the exact method to unlock your savings and maximize the fruits of your labor.
In Permission to Spend, you will learn
• How much you need to be saving to reach retirement
• Ways to optimize your savings and investments while avoiding excessive taxes
• Risks to your retirement and an understanding of safe withdrawal rates
• How to set up multiple sources of guaranteed income
• Strategies to maximize spending early in retirement, when you’re most capable of enjoying your money
• Opportunities to reduce your reliance on traditional banks
• What to look for when seeking an advisor
• Where to go next to design your ideal retirement and achieve Permission to Spend.
You will be afraid to spend. Millions of Americans are under-enjoying their retirement because they’re afraid of the “what-ifs” that could derail their best-laid plans. They’re afraid of what happens if they live too long, markets crash or they require expensive ongoing care that their plans cannot support. They’re afraid of running out of money at a time when doing so would be catastrophic. These people are victims of an industry that has been seduced by the sexiness of accumulating investments, with no regard for how to use them later in life. With a modern twist on a centuries-old strategy, this book will help you understand how to begin with the end in mind and set up your finances to maximize income during your lifetime, while ensuring your goals are protected.
In this guide to planning for retirement, Tom Wall provides the exact method to unlock your savings and maximize the fruits of your labor.
In Permission to Spend, you will learn
• How much you need to be saving to reach retirement
• Ways to optimize your savings and investments while avoiding excessive taxes
• Risks to your retirement and an understanding of safe withdrawal rates
• How to set up multiple sources of guaranteed income
• Strategies to maximize spending early in retirement, when you’re most capable of enjoying your money
• Opportunities to reduce your reliance on traditional banks
• What to look for when seeking an advisor
• Where to go next to design your ideal retirement and achieve Permission to Spend.
- GenresBusinessNonfiction
156 pages, Kindle Edition
Published December 21, 2022
44 people are currently reading
51 people want to read
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Displaying 1 - 5 of 5 reviews
January 8, 2023
Knowledge like this is the Currency of the Future.
Here is a guide to navigating your uncertain future. Dr. Wall's recommendations are spot on. The financial techniques and tools in this guidebook will enhance your life and the lives of those you love. Inflation, rising interest rates and taxes are here to stay. Maximize the only source of inflation adjusted retirement income you have by having a financial bridge to age 70. Be sure your bridge isn't damaged by market volatility.
Don't fall prey to the purveyors of misinformation such as "buy term life and invest the difference.". Doing so forfeits the tax advantages unique to a forgotten asset class.
Read the fine print of the products you buy, and be sure to buy life insurance only from a mutual life ins company. If your financial advisor suggests a publicly owned company, ask " why should I share the profits inherent in life insurance with people I don't know?"
Share this knowledge with your children and treat them to a financial foundation that will last a lifetime.
Employers.....Attract, Retain and Motivate your key employees with these tools.
Jeff White, CLU, ChFC, MBA, ELIF
President and CEO
American Financial Group, Ltd
whitej@afgifg.com
Here is a guide to navigating your uncertain future. Dr. Wall's recommendations are spot on. The financial techniques and tools in this guidebook will enhance your life and the lives of those you love. Inflation, rising interest rates and taxes are here to stay. Maximize the only source of inflation adjusted retirement income you have by having a financial bridge to age 70. Be sure your bridge isn't damaged by market volatility.
Don't fall prey to the purveyors of misinformation such as "buy term life and invest the difference.". Doing so forfeits the tax advantages unique to a forgotten asset class.
Read the fine print of the products you buy, and be sure to buy life insurance only from a mutual life ins company. If your financial advisor suggests a publicly owned company, ask " why should I share the profits inherent in life insurance with people I don't know?"
Share this knowledge with your children and treat them to a financial foundation that will last a lifetime.
Employers.....Attract, Retain and Motivate your key employees with these tools.
Jeff White, CLU, ChFC, MBA, ELIF
President and CEO
American Financial Group, Ltd
whitej@afgifg.com
July 22, 2023
Practical Financial Advice
This book is filled with practical financial advice from someone who doesn't follow the herd and has done his own research. As the author states, most financial planners focus on the accumulation phase and never prepare their clients for the distribution phase, leaving retirees scared to spend the money they worked so hard to accumulate. Great overall book.
This book is filled with practical financial advice from someone who doesn't follow the herd and has done his own research. As the author states, most financial planners focus on the accumulation phase and never prepare their clients for the distribution phase, leaving retirees scared to spend the money they worked so hard to accumulate. Great overall book.
January 12, 2023
the Bible for for successful financial life
Tom , you hit on the head! It's a shame this is not conventional wisdom and competing forces detract from a strategy that is really rather simple and beneficial to all who follow. Thanks for writing!
Tom , you hit on the head! It's a shame this is not conventional wisdom and competing forces detract from a strategy that is really rather simple and beneficial to all who follow. Thanks for writing!
August 9, 2023
Great blueprint people should take a look at to have a sustainable retirement in the future. Play the correct way and this book will help you get there.
May 12, 2025
Good book, easy to read but not super life changing. Would recommend but I prefer "Volatility Shield" For similar story and way more digestible
Displaying 1 - 5 of 5 reviews