RetireSMART!: How to Plan for a Tax-Free Retirement

By: Mark Anthony Grimaldi
Publisher: Page Publishing
Publication Date: July 2019
ISBN: 978-1644628911
Reviewed by: Barbara Bamberger Scott
Review Date: November 29, 2019

A highly regarded expert in the field of money management, Mark Anthony Grimaldi, shares his insider knowledge of markets, investments, and retirement in this practical guide.

Grimaldi begins by debunking the notion that a 401K is the ultimate retirement blessing; in fact, he asserts here, it was “designed for Uncle Sam’s ‘financial’ gain.” He asks readers to open and clear their minds and follow his advice on investing for retirement. Examining the hidden costs of standard 401K plans, he clearly demonstrates that taxation regulations embedded in the system comprise one of the largest factors preventing a secure, comfortable retirement.

Grimaldi’s book is dramatic, with all the relevant data leading to an “act three” climax in which he simply and boldly states his three-part Action Plan: 1) Stop contributing to 401K plans, and instead, utilize an after tax account, explained in his narrative; 2) Get out of debt – most of us owe for cars, houses, vacations and credit card buying, and paying these down – to zero - is one of the best “investments” we can make; 3) Save by using the formula, “your age divided by three.” The author offers an easily understandable model for this third requirement: divide your age by 3, and take that percentage as a rate of savings on your total income. For someone aged 25 earning $50,000 per year, the savings amount using this formula comes to what seems a reasonable amount, $347.00 per month. He also offers basic rules that delineate the means to take advantage of tax deduction regulations, which can play a critical role in what one’s heirs will inherit.

In this well-organized how-to, Grimaldi - chief economist for the NO-LOAD Sector Rotation Fund (NAVFX) - combines both down-to-earth examples - such as the contrast in investing strategies between a “Mrs. Smart” and a “Mr. Uninformed” – with rigidly accurate fiscal data that may require a bit of study among some of his less financially adept readers. But the basic logic is there for all to see. In laying out his guidelines, he considers the needs of three generations of Americans: Boomers, Millennials and Gen X. Each group has different perspectives and different long-term prospects for investment and each has lived through different financial eras in America.

Quill says: Grimaldi’s colorful, fact-dense manual can be a handy carry-along for financial planning encounters. Reading his wise words would benefit all forward-looking Americans, assuring them that they have a right to anticipate a smooth transition from the stress of working life to the rewards of retirement years.

RetireSMART!: How to Plan for a Tax-Free Retirement

The Lady with Balls: A Single Mother's Triumphant Battle in a Man's World

Functional and Funded: Securing Your Nonprofit's Assets From The Inside Out

The World Almanac and Book of Facts 2017

The Great Beanie Baby Bubble: Mass Delusion and the Dark Side of Cute

Real-World Analytics: A Business Leader's Concise Inside View of How to Build and Manage Analytical Teams

Compass: Creating Exceptional Organizations: A Leader’s Guide

Owning Main Street: A Beginner’s Guide to the Stock Market

Don’t Sell Grain to a Bird on Credit and More Arab Proverbs

The Impending Monetary Revolution, The Dollar and Gold

Theft is Legal: Gain Perspective from 13 Economic Stories and Concepts

The Entrepreneur: The Way Back for the U.S. Economy

The Gods of Greenwich

Force of Nature: The Unlikely Story of Wal-Mart’s Green Revolution

Berried in Chocolate: How I Built a Multimillion-Dollar Business by Doing What I Love to Do and How You Can Too

How To Interview Like A Pro: Forty-Three Rules For Getting Your Next Job

Traction: Get a Grip on Your Business

Good Returns: Making Money by Morally Responsible Investing

The Long Tail: Why the Future of Business is Selling Less of More

WE: How to Increase Performance and Profits Through Full Engagement

Shut Up, Stop Whining & Get A Life: A Kick-Butt Approach to a Better Life

Mi Barrrio

50 Lessons on Leading for Those with Little Time for Reading

Peace and Plenty: Finding your Path to Financial Serenity

365 Powerful Ways to Influence

The Essential Guide to Handling Workplace Harassment & Discrimination

Trust In God But Tie Your Camel: and Other Arab Proverbs

The Biker’s Guide to Business: When Business and Life Meet At The Crossroads

The Next Generation of Women Leaders: What You Need to Lead but Won't Learn in Business School

Advertising Now. TV Commercials

 Sit Crooked and Speak Straight


Feathered Quill

Disclosure in Accordance with FTC Guidelines 16 CFR Part 255

Copyrights © 2019 Feathered Quill Reviews All Rights Reserved. | Designed & Developed by