Your Winning Retirement Plan - Henry K. Hebeler

this is the best preretirement and postretirement planing book I have ever read.  I will hold a series of meetings/discussions to review concepts introduced in the book and have a open discussion on the topics covered.  All are encouraged to join.

 

Want to be added to my notification/email distribution list? Email me at MoneyMatters_2022@ArtCentrics.com

 

The purpose of this book is to introduce a technique developed by the author Henry Hebeler know as Autopilot use for developing and implementing both a saving plan before retirement, and a spend-down plan after retirement to ensure your retirement is fully funded for you life.  

 

Purchase a used book for cheap at Amazon here.

Meeting Agenda: Each meeting will be focused on one of the chapters in this book.  You can download/view my chapter summaries here.  Please Note: This document will be updated on a regular basis, so make sure you download the latest version.

 

Last Updated: 2022-03-14

 

 

 

Disclaimers - Please read this!

 

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2022-03-13 Chapter-6 Spending in Retirement  (pages 197 - 241)

This chapter details the process of planning, executing and maintaining a budget in retirement.  It shows how using the Autopilot method can be used to ensure you have adequate funds to keep the same lifestyle that you have projected in your pre-retirement planning.   It also helps identify the order you should tap accounts in the spend-down phase of your retirement.

 

 

 

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2022-03-06 Chapter-5 Gates 3,4 & 5 (pages 160 - 196)

We continue our pre-retirement calculations completing the following gates:

 

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2022-02-27 Interlude - Index Fund Investments, Chapter-5 Gates 1 & 2 (pages 139 - 160)

Before diving into chapter 5 we will briefly review a couple of papers originating from the American Association of Individual Investors that address Asset allocation and diversification, identifying a number of approaches and index funds that can be utilized to build your portfolio.

 

Diving into chapter 5 is where the rubber hits the road.  We are introduced to a number of worksheets used to determine your current retirement situation, how to determine your future needs, and finally how to determine the type of lifestyle to expect in retirement.  We also discuss how to evaluate an early retirement offer if your company offers you one.  Finally, this chapter discusses options on what you might consider to meet the lifestyle you want in retirement if your current situation doesn't appear to support the lifestyle in retirement you would like.

 

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2022-02-20 Chapter-4 (pages 111 - 138)

This chapter is focused on the concept of Return on Investment (ROI) aka Returns.  This may be the single most important input in your retirement planning and execution, so it is vital you understand how it works and how important it is to try to get as accurate measure and estimate of this value to be used in your calculations.  This chapter also covers how to measure performance of your investments to determine if a new strategy is in order.

 

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2022-02-06 Chapter-3, Part-2 (pages 84 - 109)

We Continue Chapter 3 with Vehicles, followed with allocating within vehicles.

 

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2022-01-30 Chapter-3, Part-1 (pages 61 - 84)

Chapter 3 is focused on Investments and identifies the various types of investments (ie stocks, bonds, etc) the various types of  accounts (ie vehicles) created for holding these investments ad finally introduces the concept of Asset Allocation, a process of distributing your investments across various risk level investments to minimalize risk and maximize gains.  The importance of placing investments in the appropriate vehicles to minimize tax implications is also discussed.  Finally some thoughts on the appropriate approach to creating a plan and implementing it based on the level of involvement you desire are discussed.

 

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2022-01-23 Chapter-2, Part-2 (pages 44 - 59)

We Continue Chapter 2 with more definitions then discuss unplanned expenses.  Finally we introduce taxes and how to determine what you Net Tax Rate is.

 

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2022-01-16 Chapter-1, Part-2, Chapter 2: The Realities of Financial Planning (pages 12 - 44)

This chapter points out the importance of having pre and post retirement plans on how to save and spend-down your nest egg.  It identifies risk of out-living your savings and provides real-world scenarios on how some of the various approaches would have faired in different historic market conditions.   Common mistakes and incorrect assumptions that many plans make are identified.  A side-by-side comparison on how theses methods would have performed in comparison with the Autopilot method is provided.

 

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2022-01-09 Chapter-1, Part-1: The Realities of Financial Planning (Pages 1 - 12)

This chapter points out the importance of having pre and post retirement plans on how to save and spend-down your nest egg.  It identifies risk of out-living your savings and provides real-world scenarios on how some of the various approaches would have faired in different historic market conditions.   Common mistakes and incorrect assumptions that many plans make are identified.  A side-by-side comparison on how theses methods would have performed in comparison with the Autopilot method is provided.

 

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