To make informed decisions about retirement investments, it is crucial to pay close attention to the various paths available and understand how these changes affect them.
Especially in today’s rapidly changing economic environment, investors need to be prepared. It is critical to recognize areas benefiting from new initiatives or regulations early and take advantage of them to meet a retiree's risk tolerance while avoiding the losers.
In this book, retirement advisor David Wright rethinks the conventional wisdom to help retirees control what they can by managing potential loss and taking advantage of the new policies shaping our world early on.
The retirement reset requires thoughtful and competent contemplation, understanding the various paths available, and informed decisiveness.
Don’t let yourself get left behind. The future won’t wait for you.
The year 2020 brought about dramatic changes that have impacted the U.S. and the entire world, affecting different areas of our lives from financial markets, freedoms, fuels, and the future. The retirement landscape in particular is continuously evolving, and retirement portfolios must be managed effectively to avoid losses and recognize opportunities.
Investors can no longer rely solely on computer-simulated allocations or robo-advisors that use algorithms to direct allocations. The current economic environment requires ongoing monitoring of changes to an investor's needs and the external environment.
In Bonfire of the Sanities, author and retirement advisor David Wright outlines the unfolding economic landscape and the increasing regulatory changes to teach you how to
- identify the various paths available for retirement investments,
- implement risk-limiting tools to protect yourself from sudden surprises,
- recognize new initiatives or regulations early and take advantage of them,
- control what you can and actively watch your finances, and
- find the correct professional to oversee retirement portfolios or implement risk-limiting tools to take advantage of high-potential investments while protecting your accounts.
Investors must be vigilant to recognize shifts, more so now than ever before, and actively manage their portfolios to avoid losses and recognize opportunities.
Acknowledgments
Introduction
Chapter One: What Retirees Need Most
Chapter Two: The Case for the Place for Stocks
Chapter Three: The Stock Markets Bad Habit
Chapter Four: Wall Street Pros and Wall Street Foes
Chapter Five: Financial Lunacy
Chapter Six: Retirement Life
Chapter Seven: Assessing Needs
Chapter Eight: Financial Tools
Chapter Nine: Matching Needs With Risk
Chapter Ten: Go it Alone or Choose a Financial Advisor
Chapter Eleven: How I Run My Practice
Chapter Twelve: Stories from Behind Closed Doors
Encore: Active Management for a Changing World
DAVID M. WRIGHT, president and owner of Wright Financial Group, CLU, ChFC®, is a thirty-plus-year veteran in the financial services industry, working with individuals, families, and businesses in many different financial areas. He is Series 65-licensed, specializing in working with those nearing or in retirement. He has helped hundreds of people maximize the utility of their money with non-stock market, income-generating financial products.
David currently resides in Sylvania, Ohio, with his wife, Marcia. He has two sons and two beautiful grandchildren, Olivia, Jacob and Ethan. In his downtime, he enjoys singing at his church, playing golf, and relaxing with his family.
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