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westernstephanie 's review for:
Retire Inspired: It's Not an Age, It's a Financial Number
by Chris Hogan
First review: Ok, I'm only on page 43 but I have Concerns. He tells you to complete an assessment on his website, which will tell you how much money you need to retire. I completed the assessment and learned that we can stop saving for retirement RIGHT THIS MINUTE and we'll have 3 million dollars available when the time comes. Because I am for sure going to have an annual return of 12% on my retirement savings. So, you know, go me!
Of course, I am taking this with many many huge grains of salt, and I'm sure there will be a lot of information in this book that will be useful and motivating. HOWEVER. Telling a 36-year-old with a very average household income that her family is fine to stop saving for retirement seems about a million kinds of irresponsible.
2nd review: Finished. My beef with the assessment calculator aside, this book would be a great one to give to someone who doesn't have retirement on their radar and needs to get a fire lit under them. He's encouraging but also gives some sobering numbers to illustrate what you could be looking at if saving for retirement isn't a priority.
Of course, I am taking this with many many huge grains of salt, and I'm sure there will be a lot of information in this book that will be useful and motivating. HOWEVER. Telling a 36-year-old with a very average household income that her family is fine to stop saving for retirement seems about a million kinds of irresponsible.
2nd review: Finished. My beef with the assessment calculator aside, this book would be a great one to give to someone who doesn't have retirement on their radar and needs to get a fire lit under them. He's encouraging but also gives some sobering numbers to illustrate what you could be looking at if saving for retirement isn't a priority.