LAGUNA NIGUEL, Calif., Sept. 23, 2009 — “A Common Sense Road Map to Uncommon Wealth: The Key to Achieving Financial Success” (published by iUniverse) by long-time investor and management consultant Marvin Doniger, is the how-to guide for adolescents and their parents on accumulating financial assets that will provide a safety net for unforeseen needs and retirement.
Although teens receive proper guidance from counselors on courses to take to prepare for college, they lack direction on maximizing their career potential and developing a plan for accumulating wealth. With Doniger’s straight-talking guide, readers will learn key concepts to help them secure their financial future including:
- Three strategies for saving for retirement and detailed road maps for implementing them
- Job force trends, such as outsourcing and pensions, that affect one’s career and retirement
- Planning considerations such as inflation and investments
- Guidelines to developing one’s specific investment strategies
While Doniger maps out three retirement strategies in detail, he also provides milestones against which to measure progress. At the end of each section, Doniger provides key takeaways, and includes helpful charts and explanations of terms and concepts throughout each chapter.
Because he and his wife had disciplined themselves early on, they have successfully overcome the inevitable challenges in their lives, including serious health issues recently faced by Doniger. His concern is that many Americans aren’t planning for financial challenges they will almost certainly encounter during their lifetime.
“In 2006, the American savings rate was the lowest since the depths of the Great Depression. In 2005, 39 percent of those within ten years of retirement had less than $25,000 in retirement savings,” states Doniger. “If Baby Boomers were influenced by the sacrifices of their parents who lived through World War II and the Great Depression, one can’t be optimistic of the savings habits of their children.”
Through his hands-on guide, readers will learn that by using the concept of maintaining a margin of safety, they can protect themselves from the unexpected by beginning now.
About the Author
Marvin H. Doniger has been a registered representative, an individual investor and a management consultant to Fortune 500 companies over the past several decades. Doniger received his bachelor’s degree from Tufts University and his MBA from Columbia University and currently resides in Laguna, CA. Doniger has taught undergraduate and graduate-level courses in production control, inventory management, information technology, and finance at Fitchburg State College and Webster University.
iUniverse is the premier book publisher for emerging, self-published authors. For more information, please visit http://www.iuniverse.com.
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