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It would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.

Yet...many retirees are living out their retirement on the breadline without much hope for even going on holiday without being assisted by relatives or even handouts. Don't let yourself be one of them...it's never too late!




Title : Social Security, Medicare and Pensions (Social Security, Medicare Government Pensions)
Author : J. L. Matthews
Rating : 5 Stars out of 5.
Summary : Great summary of the Social Security system!

This happens to be the best all-around book concerning the difficult subject of Social Security that I have read. Understandable and very well written. The sections regarding disability are filled with just the info I needed to know.



Title : Mrs. Ted Bliss
Author : Stanley Elkin
Rating : 1 Stars out of 5.
Summary : Skip this one

This is the first book we read for our book club and only three people made it all the way through. Most people gave up after the first chapter. I read the story and found it to be extremely boring and found the synopsis on the back of the cover to be very deceiving. I expected Dorothy to become an exciting person who would be involved in exciting adventures, instead the story dragged on until the climax - the tornado at which point I had given up all hope of redemption for the book.



Title : The 401(k) Millionaire: How I Started with Nothing and Made a Million and You Can, Too
Author : Knute Iwaszko
Rating : 3 Stars out of 5.
Summary : Interesting, easy read but not relevant to UK

An interesting book with a very 'easy to read' style. However, the book is very much designed for savings and investments in the USA and is of LITTLE RELEVANCE to UK employees.



Title : How to Retire Rich
Author : James O'Shaughnessey
Rating : 5 Stars out of 5.
Summary : A Nobel Prize for O'Shaughnessy!

The main message of _How to Retire Rich_ is that if you want to retire rich, or retire at all for that matter (ever!), you must invest in the stock market. You just don't have a choice in the matter. Sit down and let James O'Shaughnessy take you through the math---you'll quickly see that that is just the financial reality. The good news, however, is that investing in the stock market, when done properly, is not what you think it is. It's not about outsmarting all the other investors out there. It's not about trying to get a 'ten-bagger' so you can buy a cool car and brag at parties. It's not even about shrewd business savvy and scanning financial reports. It's about picking an effective strategy and sticking with it year in, year out until the day you retire, never pulling your money out of the market.

But if that sounds hard, don't worry. One of HTRR's strongest points is the wealth of wisdom it provides on the mental aspects of investing over the long term. What do you do if your portfolio tanks? What do you do if it soars? This is a problem? You'd be surprised! O'Shaughnessy is probably the only author with a completely rounded, mature outlook on the emotional aspects of investing. Reading HTRR will give you the confidence you need to invest and stay in the market through good times and bad.

So how do you invest? O'Shaughnessy breaks it all down for you, telling you exactly what to do. We're not talking the usual vague, feelgood accepted wisdom here such as 'buy market leaders' or 'buy on weakness, sell on strength'. Throw all those books in the trash! HTRR will tell you how to quickly find the precise stocks you should buy. You'll finish the book at 2 o'clock and have a list of the stocks to buy in your hand at 2:30. Yes, it's just that easy. You'll also know exactly when to buy them (now) and when to sell them (a year from now), and what do after that (repeat the process until you retire). What could be simpler?

O'Shaughnessy should be nominated for a Nobel Prize. He is a modern-day Charles Darwin with a theory that has all the hallmarks of a revolution in scientific thought. The theory is simple, but deceptively so. Many readers come away thinking they have understood it, only to later demonstrate that they clearly haven't. Even Motley Fool was apparently unable to grasp Reasonable Runaways (one of the strategies in HTRR). They tried to test it with a universe of stocks picked from Value Line (!). When it wasn't performing well after six months (!), they wondered how they could tweak it (!) to "make it dance" (their words). You'll understand just how ridiculous all of this is when you read HTRR.

Perhaps the reason for this widespread misunderstanding is that while the theory itself is simple, its ramifications are not---and without understanding its ramifications, it is impossible to truly understand the theory. Like Darwin, O'Shaughnessy has taken 'God'---the human element---completely out of the picture. That's what readers find so hard to grasp. O'Shaughnessy has shown that not only is human intervention in portfolio management not necessary, it's downright harmful. Given enough time, any human intervention will only lower a portfolio's returns from the optimum returns that could be obtained using a simple model.

I hesitate to include the returns I have earned over the past four years using the Reasonable Runaways strategy in this review, because I don't think they're typical. I have earned 93.15% (CARR of 17.88%) versus 1.17% (CARR of 0.29%) for the SP during the same period (July 15, 2001 to July 15, 2005). And this is during a time period that includes 9/11. But as you'll discover from reading HTRR, four years is a meaninglessly short amount of time over which to gauge performance. Also, giving out exciting returns numbers shifts the discussion away from the real message of the book---get in the stock market and stay there (investing properly of course). It's the only way you'll ever be able to retire, rich or otherwise.

For UK readers, Ifd also like to point out that if you invest in the US stock market and live outside the UK (as I do), itfs tax-free. How can you go wrong?



1. Mandatory retirement - Wikipedia, the free encyclopedia
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2. Flexible Retirement and Retirement: Age Positive Guide
and trainees on the grounds of age. The regulations cover workers of all ages. and all employers. ... is not a mandatory retirement age. Introduction ...

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9. European Court of Justice ruling allows age discrimination on mandatory ...
Older workers have suffered a blow as the European Court of Justice (ECJ) ruled in favour of national mandatory retirement ages. In Felix Palacios v

10. Pilots Lobby for Increase in Mandatory Retirement Age | Article
26-MAY-05 - Several dozen pilots descended on Capitol Hill Wednesday to lobby lawmakers to raise their mandatory retirement age. Airline pilots... | Free With Signup

11. Ability Not Age - Ending Mandatory Retirement in British Columbia - Home
Ability Not Age - The Campaign to End Mandatory Retirement in British Columbia ... to retain older workers in the face of aging demographics and labour shortages, ...

12. Forced to retire? Heyday challenges Mandatory Retirement Age
Heyday's legal challenge to mandatory retirement ages (MRA) is gathering momentum. ... Even though mandatory retirement is legal as the law stands, if you make ...

13. RETIRE MANDATORY RETIREMENT
he aging of the baby-boom generation will thrust ... Although mandatory retirement at age 65 is now wide ... sions at ages below 65, increase pension portabili ...

14. Age Concern to challenge mandatory retirement law
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15. Mandatory Retirement Age campaign update - June 2008
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16. Top EU court backs mandatory retirement age of 65 - International ...
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17. Mandatory retirement age - Business Lawyers (High Wycombe, Bucks)
Heyday legal challenge to forced retirement age... up in arms after being told a new mandatory retirement age (MRA) of 65 applies ...

18. AOPA Online: Mandatory pilot retirement age increases
President Bush on Dec. 13 signed into law a new mandatory retirement age for pilots. ... "While the mandatory retirement age isn't a core AOPA issue, we have been ...

19. Ontario Human Rights Commission
The Ontario Human Rights Commission was ... The End of Mandatory Retirement ... a result, policies requiring mandatory retirement at age 65 could not be ...

20. Age FAQs
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21. Eliminating mandatory retirement in British Columbia, Canada.
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22. Happy Birthday. Vacate Your Office. - New York Times
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23. Latest News - General Matters
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24. faq_MandatoryRetirement
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25. 01-OCT-06 | ... And Raising the Age Limit for Mandatory Retirement
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26. Mandatory retirement case referred to European court
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27. Elimination of Mandatory Retirement Report
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28. retirement: Definition, Synonyms from Answers.com
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29. Article: Mandatory Retirement At Age 65 in Question. - SaskBusiness
12/2001 "Mandatory Retirement At Age 65 in Question." Credit Card Req'd - Free Trial. Academic Journal Articles, Magazine Articles, Newspaper Archives and more at...

30. CBC News Indepth: Retirement
Britain to raise retirement age (May 25, 2006) ... Mandatory retirement ban won't be retroactive: labour minister (CBC Ottawa, Nov.3, 2004) ...

31. Wikipedia: Retirement
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32. Economics of the Aging Revolution
Considers age bias in the workplace and includes links. ... The mandatory retirement age of 70 for federal workers was wiped out completely ...

33. Are Mandatory Retirement Ages a "prime tool of age discrimination ...
In less than two weeks, on the 6 December, retirement group Heyday will challenge the Government in the High Court over the issue Mandatory Retirement Ages (MRAs) ...

34. Mandatory retirement opposed worldwide
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35. Court hearing for mandatory retirement challenge brought forward
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36. RETIREMENT Policy: Company Retirement Policy - Employee Retirement Age ...
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37. MANDATORY RETIREMENT AT AGE 65 IN QUESTION
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38. EEOC Informal Discussion Letter
Title: Age / Mandatory Retirement. February 2, 2000. Dear ... limitations of such ages (for example, the mandatory retirement must be required ...

39. Scrap retirement age, says UK public
Scrap retirement age, says UK public: Management and Business News ... of Britons believe that a mandatory retirement ages is outdated and that older ...

40. FOXNews.com - 7/14/05 FOX Poll: Majority Favors Mandatory Retirement ...
... two-to-one Americans support having a mandatory retirement age for justices ... Poll: Majority Favors Mandatory Retirement Age for Justices. Thursday, July ...



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