This month, the Catholic Writers’ Guild is touring Dan Gallagher’s book, “The Secrets of Successful Financial Planning: Inside Tips from an Expert (SSFP).” It is a CWG Seal of Approval recipient! From a retired (i.e., no-bias or client acquisition agenda) nationally recognized, thirty-year expert, this comprehensive, yet easy to understand, personal financial planning book is for users, old and young, seeking to DIY or better understand/choose advisors.
Catholic: The only financial planning book with a Catholic perspective, yet appropriate for users of all and no faith. As noted in Catholic News-Herald, “SSFP provides 30 true tales of client tragedy and triumph” rather than boring case studies. Experience the “moral and relationships dimensions of money decisions.” SSFP Discloses secrets kept from the public and poorly knowns even among professionals.
Secular: 30 true tales of client tragedy and triumph, rather than boring case studies. Excellent reviews, including “…everyday language for practical use. SSFP can help almost anyone bring efficiency to their financial planning…. SSFP is strongly recommended.” – Arthur B. Laffer, Ph.D., Father of Supply-side Economics, Economic Advisor to two presidents. SSFP discloses secrets kept from the public and poorly knowns even among professionals.
Page 28, regarding asset allocation and income draw:
The old technique still used, a reasonable rate of withdrawal below an average rate of return is assumed [to result in never exhausting income-producing assets]. But those were always a known numbers. Anything wrong with that picture? Right! The future is not known at all. Not only were rates of return not correctly known, no market losses were assumed (merely some conservatively assumed rate of return). Worse, no early losses were assumed, and early losses are the worst because they reduce what is actually available to grow. The picture was always better than reality. Inevitable result: exhausted assets for retirees, failure to adequately save for those working. …math dangerously flawed.
Where can you get a copy?
Want to know more about the author?
Dan retired from financial services in December 2017 to work professionally as a writer, freelancer, speaker and educator. During his practice, Dan’s professional designations included: Chartered Financial Consultant & Chartered Life Underwriter (1989), Certified Financial Planner® (1992) and Certified Business Intermediary (2002). Dan’s thirty-year financial practice encompassed group andindividual benefits, money management, financial plans, business valuation & brokerage, commercial realty and – often very personal – counseling. He now writes fiction and nonfiction and also offers speaking/training services. Dan was recently (June 2018) accepted and registered as an “expert witness” with The Expert Institute, New York.
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Want to learn ACTUAL secrets & poorly knowns of financial planning from a Catholic POV? Want it by a zero-bias expert? Want true tales of client “tragedy & triumph”? Feel the responsibility to be efficient with your gifts? AuthorDan.com