Grand Theft Portfolio: The big business of financial advice is busting the Boomers. Its not an opinion. Its arithmetic.
Description:
Grand Theft Portfolio is a book for the 19%. The American financial press is flooded with stories about the looming retirement crisis among the 80% of Americans that are saving little or nothing for retirement. We've also been regaled with the tales of the 1% who have more money than they can hope to spend in one lifetime. What we haven't heard is the story of what lies in wait for the remaining 19% of Americans who are "playing by the rules", diligently saving for the day when their working careers have ended and they need to make their savings last for 30 or even 40 years. Written in a provocative style that pulls no punches against the heavyweight champion of American industry, Grand Theft Portfolio informs readers that Americans will likely find their retirement plans delayed for years. Even worse, a generation of baby boomers who thought they had saved more than enough for their own retirement will find their piggy-banks gradually drained to fund the lavish lifestyles of so-called wealth managers who manage to put your wealth in their pockets. Grand Theft Portfolio is your defense against an industry bent on breaking you. As you'll learn, it's not an opinion. It's arithmetic.
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