Crash Proof Wealth, by Brett Kitchen and Pete Alexander
Warren Buffett’s first rule is never lose the principal. His second is never forget the first. The book is about what that rule looks like once you retire.
Three threats to a nest egg, and what to do about each.
A market crash, taxes and inflation. None of them announce themselves, and all three take the most from savings built the conventional way. The book walks through how to protect your money from each one, so that a bad year in the market does not turn into a bad decade for your family.
By Brett Kitchen and Pete Alexander
What you will understand by the last page.
Rule number one
Why protecting the principal starts to matter more than chasing returns once retirement is in sight.
The crash problem
What a 30 percent drop does to a retirement that has already started drawing down.
The tax problem
Why IRAs and 401(k)s carry a tax bill that arrives with every withdrawal.
The inflation problem
What a fixed income is worth twenty years in, and how to keep it from shrinking.
The six risks
Protection, market, tax, health care, income depletion and longevity: the framework Pete plans around.
Questions to ask
What to ask about your current plan, and who to ask.
Ask Pete for a copy.
Pete gives the book to people he meets with. Book a call and ask for one, or request a copy and he will get it to you.
“The first rule to wealth is never lose the principal. The second is never forget rule number one.”Warren Buffett, as quoted in Crash Proof Wealth