It is a nongaussian approach to retirement planning. Unveiling the retirement myth paperback oct 1 2009. More than ever, our clients need our expert advice. This is without a doubt one of the most thorough, detailed, researched, and interesting retirement books i have ever read. This is just a quick note to let you know that you can download a free electronic copy direct link to pdf of jim otar s book unveiling the retirement myth. Free pdf of unveiling the retirement myth by jim otar my. The indispensable retirement guide jane bryant quinn. Jim otar, author of unveiling the retirement myth, certified financial planner, engineer. An excellent and comprehensive analysis of numerous retirement income strategies. He contributed to harold evensky and deena katz 2006 book, retirement income redesigned bloomberg. How does this book hope to be better than, for example, the bogleheads guide to retirement planning or jim otar s unveiling the retirement myth. His book, unveiling the retirement myth, debunked a number of financialplanning philosophies and showed why investor psychology keeps many retirees from following through on their spending plans.
It is long 525 pages and jampacked with marketbased mathematical analysis of retirement planning principles. You can skim and look at the charts and see what otar is getting at. Jim otars unveiling the retirement myth, steve thorpe forum member otars book. He offered an early edition for free online in august, but the number of. Otar analyzed portfolios using historical data back. If youre technicallyminded, see his book for a more detailed discussion, along with extensive supporting data and examples. Jim otar, however, offers a slightly different method in his unveiling the retirement mytha method which makes an effort to minimize the returndamaging effects of volatility while selling. Many boomers will have trouble digesting all of it or even taking the time to read the more complex parts. Instead of presenting a forecast of a clients future financial picture based on your assumptions, the otar retirement calculator presents an aftcast of a clients. Dont worry, the book is entertaining as well, not dry.
Instead of presenting a forecast of a clients future financial picture based on your assumptions, the otar retirement calculator presents an. Mar 20, 2012 there are so many books about saving, investing, and building your portfolio, that it is rare to find a good book about spending down your portfolio, or the distribution stage. Jim otar and his book unveiling the retirement myth inspired much of my thinking on this issue. Amazon price new from used from paperback please retry. Extensive research shows that many of the fundamental concepts used in the current retirement planning practice are mostly useless. I just finished the book unveiling the retirement myth advanced retirement planning based on market history by jim c. Jan 01, 2011 this is just a quick note to let you know that you can download a free electronic copy direct link to pdf of jim otars book unveiling the retirement myth.
The book unveiling the retirement myth by jim otar does a great job on explaining the distribution stage, in detail, with actual numbers. The book unveiling the retirement myth by jim otar does a great job on explaining. Instead of testing a plan with average return figures for stocks, bonds, and other asset classes, otar simulates retirement plans using actual market data since 1900. Jim is a financial planner from toronto, and based on the sheer volume of calculations and models in this book, some kind of rainman. Dec 17, 2018 founded in 1993 by brothers tom and david gardner, the motley fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium. Unveiling the retirement myth paperback oct 1 2009 by jim c. Otar s website has a lot of info, i recommend it highly. The key insights and some of the terminology here are thanks to jim, though the presentation is mine. Jun 27, 2018 his book, unveiling the retirement myth, debunked a number of financialplanning philosophies and showed why investor psychology keeps many retirees from following through on their spending plans. The results can be strikingly different as jim otar points out in his book unveiling the retirement myth. People on the bogleheads and early retirement forums also liked it. Jim is a financial planner, a professional engineer, a chartist, a financial writer.
He gives seminars and workshops in advanced retirement planning. Orderunveiling the retirement myth, my 525page book about retirement income planning based on nongaussian philosophy, including numerous worked examples. Proper stresstesting of a retirement plan is the main theme of jim otar s book unveiling the retirement myth. Jim otar folio investing blog online investment trading. See all 2 formats and editions hide other formats and editions. Sep 25, 2011 the best resources for retirement planning readers share favorite retirement planning calculators, books, and other resources. The 401k was created to boost your retirement dollars. Jim otar, in his book unveiling the retirement myth, wrote about the fourthyear checkup. Our speaker, jim otar, is an expert in advanced retirement planning. Otar, a financial advisor, certified financial planner, and engineer, clearly explains these topics and more in his book unveiling the retirement myth. There are so many books about saving, investing, and building your portfolio, that it is rare to find a good book about spending down your portfolio, or the distribution stage. He wrote a book unveiling the retirement myth on retirement income planning. After spending several years in engineering and investing for his own account, he started his financial planning career in 1995. Jim otar s unveiling the retirement myth, steve thorpe forum member otar s book.
You might not have given it a second thought as to why you have a 401k, the retirement savings standard, but the. Asset allocation for retirement portfolios oblivious investor. This book is based on my research of retirement planning involving one hundred and nine. He is the author of unveiling the retirement myth and high expectations and false dreams. Here is the direct download link expired i havent read it, but from i can gather it seems targeted at those diy investors who are carefully planning the withdrawal phase of retirement, and. Jim otar, however, offers a slightly different method in his unveiling the retirement myth a method which makes an effort to minimize the returndamaging effects of volatility while selling. For individual investors planning for retirement, basing those plans on averages just doesnt cut it. It is a mustread for all financial planners specializing in the retirement arena. In the green zone with jim otar retirement income journal. Managing a retirement portfolio explained in 100 pages or less available here on amazon was written to address those questions directly. Instead of trying to fix the retirees, otar fixes the planning. Jim otar, founder of, notes the following flaws in his new book, unveiling the retirement myth.
I would hope that you would choose to use real market data over the last 114 years as your data base instead of you trying to put constraints on a random number generator. Unveiling the retirement myth folio investing blog. Find all the books, read about the author, and more. Unveiling the retirement myth, by jim otar it was not in excel but in a platform known as labview, that i use for my experiments. Asset allocation for retirement portfolios oblivious. Otar s book, unveiling the retirement myth, and found it most enlightening. Jan 04, 2011 jim otar has written a book titled unveiling the retirement planning myth. I have read literally dozens of investment and retirement planning books. Dec 23, 2010 to crunch the numbers, we turned to financial planner jim otar, author of unveiling the retirement myth.
His first book was about canadian dividend reinvestment plans. Dec 24, 2010 jim otar is a financial planner in canada. Thanks to advances in health and nutrition people can have active, productive lifestyles that will stretch far beyond age 65. Otar is the author of unveiling the retirement myth 4. Retirement planners and calculators part 2 of 2 military.
Unveiling the retirement myth paperback 1 october 2009 by jim c. Jim otar has studied this problem extensively, but has a questionable builtin assumption. Unveiling the retirement myth by jim otar is the best book i have ever read on retirement planning. To crunch the numbers, we turned to financial planner jim otar, author of unveiling the retirement myth. Author of unveiling the retirement myth, certified financial planner, engineer. Myths and untruths about the importance of asset allocation, diversification, sustainable withdrawal rates, efficient frontier, time horizon are here is a fresh look at lifelong retirement income planning, based on 109 years of market history. Myths and untruths about the importance of asset allocation, diversification, sustainable withdrawal rates, efficient frontier, time horizon are here is a fresh look at lifelong retirement income planning, based on. Retirement income journal is a weekly, digitalonly businesstobusiness news publication and website for life insurers, asset managers, financial advisors, academics, attorneys, regulators and technology firms worldwide whose products and services help baby boomers convert their savings to. Excel monte carlo retirement calculator freefincal. Dont fall for these 3 retirement myths the motley fool.
Over 80 million north americans are expected to retire during the next ten years. Nononsense income planning retirement income journal. How does this book hope to be better than, for example, the bogleheads guide to retirement planning or jim otars unveiling the retirement myth. Best book for retirement planning i have read in 10 years, january 7, 2011. Evensky and deena katz 2006 book, retirement income redesigned bloomberg. The first ever calculator i made was based on backtesting methods outlined in this book. Im still recovering from holidays, but i did see today that retirement specialist jim otar has made his book unveiling the retirement myth available in pdf format for free until january 9, 2011. This month, he officially published unveiling the retirement myth. This is a world class method of looking at retirement planning. Jim otar has written a book titled unveiling the retirement planning myth.
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