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Home > Banking News > New Book Helps Retirees Avoid Outliving Their Money
New Book Helps Retirees Avoid Outliving Their Money
New book on retirement, “Is Your Retirement Heading in the Right Direction?” written by Certified Senior Advisor Steve Casto offers financial techniques to senior citizens for their retirement. The book gives advice to readers on handling funds as well as step-by-step solutions to income, taxes and other money issues.
Omaha, NE (PRWEB via PR Web Direct) September 28, 2005 -- Certified Senior Advisor Steve Casto has addressed retirees’ fear of outliving their money with his new book, “Is Your Retirement Heading in the Right Direction?” The just released book illustrates a proven technique for eliminating this fear felt by the majority of senior citizens. If they run out of money, they fear losing their independence and becoming dependent upon their children.
Yet many do not know how to determine if their funds will carry them through old age and chronic illness before ultimate death. The fact is that nobody can be certain of how long they will live. Author Steve Casto illustrates in his book a proven technique for handling one’s funds prudently enough to overcome this hurdle.
The book delves into the Compass System, a personally designed program that helps individual seniors secure their financial future. The system’s proven formula factors inflation into the mix, and results in a financial blueprint for security that seniors cannot outlive. Substantial tax benefits can be perks of the Compass System if handled properly. Planning required minimum distributions (RMDs) on IRAs is part of the plan that avoids financial depletion in old age.
Author Casto said, “The reason I wrote this book is because I got tired of seniors using the wrong strategies thus putting too much stress on themselves as their funds dwindled. As a senior advisor, I’ve seen too many cases of seniors making wrong decisions, following bogus advice or leaning too heavily on unqualified people to map out their financial future. I wrote this book to help them prevent those costly mistakes.”
Steve Casto has authored many articles in New Horizon, a local senior publication. He has outlined winning strategies for seniors to help them overcome financial burdens and initiate wise financial decisions. His successful problem solving for seniors led him to write the book, “Is Your Retirement Heading in the Right Direction?”
The book shows seniors step-by-step solutions to three major trouble spots: how to increase their income, reduce their taxes and never outlive their money. Other important topics covered are how to find a trusted advisor instead of working with salesmen and how to avoid making the IRS (Internal Revenue Service) the big beneficiary of their IRAs (Individual Retirement Accounts.)
Casto said, “Because we are living so much longer and inflation is a huge problem, we can no longer just be conservative. A financial analysis called the Trinity Study shows how using the wrong strategies can cause us to outlive our money. These ‘wrong strategies’ are why I wrote the book.”
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