Product Description
This is not a “”get rich quick”" book. This book is for readers who are concerned bout their financial state. Robert Lamoreaux uses his extensive knowledge and experience to create a straight-forward, easy-to-read, behind-the-scenes look at the factors influencing all aspects of personal finances and future retirement…. More >>
Winning Or Losing: The Financial & Retirement Race
Successful attorney and estate/financial planning specialist Robert Lamoreaux, JD, presents Winning or Losing the Financial & Retirement Race, a straightforward guide primarily to the financial aspects of one’s retirement that also touches briefly on more general advice such as how to keep family connections strong. Winning or Losing the Financial & Retirement Race stands out because it presents its wisdom in plain and simple, no-nonsense terms that even a financial novice can readily grasp. The author testifies directly from his own experience, resulting in an invaluable resource; its discussion of estate planning is a superb primer not just for impending retirees, but also for anyone with assets, since the end of life can unfortunately strike at any time. One example of Lamoreaux’s folksy yet utterly serious wisdom concerns the practice of parents disinherting their children: “Disinheritance always destroys relationships. If you have a child who has made some bad choices and has a special problem that upsets you, such as being a spendthrift or using drugs, see your attorney. An attorney can place provisions in a Trust that will provide for the child, yet not support the habits, without disinheritance.” Highly recommended.
Rating: 5 / 5
Reviewed by Debra Gaynor for Reader Views (12/06)
Mr. Lamoreaux is a knowledgeable estate planner with more than 35 years of experience in the financial field. He offers his wisdom in a simple manner that lay people can easily understand. As more and more Americans begin to look toward retirement they realize they must have a plan. Mr. Lamoreaux offers his expertise in developing that plan. Facing retirement is exciting and yet frightening. Life after retirement isn’t always what we’ve envisioned usually due to lack of planning.
“Whatever your vision of retirement might be, your goal must be to have enough assets to enable you to live the lifestyle you want.” Only after you’ve acquired that amount of money through efforts and investments can you retire.
Mr. Lamoreaux simply defines such terms as net worth, cash flow, and budget. He offers advice on selecting a professional to assist you. He defines money as a tool that helps you accomplish your goals and dreams. He explains that debt is a hindrance regardless of what the ads may say. Topics such as Medical Power of Attorney, Guardians, Hospice and prescriptions are just a few of the important subjects you will learn about as you read this book.
This book is well written in a logical and concise manner. The print is a nice size for tired eyes. There is space at the end of each chapter to record notes. Robert Lamoreaux is knowledgeable and experienced in financial matters, and having raised fourteen children, he understands the need for budgeting. I’m glad I read this book and intend to share it with others. This should be required reading for those fresh out of college for retirement age comes faster than we expect. I highly recommend “Winning or Losing: The Financial & Retirement Race” to all adults. You will be facing retirement in the future. You need to be prepared.
Rating: 5 / 5
The author, Robert Lamoreaux, is a successful attorney who has specialized in estate and financial planning for the past 35 years. If that doesn’t qualify him to give retirement advice, he’s raised 14 children–a stretch for anyone’s budget. He must know what he’s talking about!
Winning or Losing the Financial and Retirement Race is a concise little advice book. The author mixes personal observations and encouragement with sound financial advice in hopes of moving the reader toward a better financial position for retirement. He explains, in as easy-to-understand language as is possible for this subject, estate planning tools like trusts, wills and power of attorney as well as financial boogiemen like net worth and mutual funds while keeping the charts and graph to a blessed minimum!
There is dedicated space at the end of each section for the reader to jot down notes. In the last two chapters Lamoreaux dissects the things that make up the quality life at any age, but particularly the quality of life approaching and during retirement.
Armchair Interviews says: Ideal book for anyone “planning” for retirement.
Rating: 4 / 5