Review of How to Survive the Coming Retirement Storm

Patty Allread · Post by **Patty Allread** » 20 Jan 2022, 12:58

A lot of folks rely heavily on someone's financial advice for retirement without really understanding it or knowing whether the advice is correct. I think a book like this that explains the processes of retirement investment would be very helpful when deciding how to prepare. I'm also curious about the other advice you mention in your review such as personal, dietary and physical guidance and how that fits in with this type of book. Thank you for the review.

Hussein21 · Post by **Hussein21** » 20 Jan 2022, 13:03

I love the idea of retirement, sounds like a stress-free journey. This book is however suitable for older ones or anyone interested in retirement.

Tina Masha 1 · Post by **Tina Masha 1** » 20 Jan 2022, 13:12

This is both motivating and instructive. Retirement is a looming storm for which we must all prepare. Thank you for taking the time to write such an insightful review.

nishureading · Post by **nishureading** » 20 Jan 2022, 13:23

Eventhough the review is insightful, I will porspond reading about retirement personally. Obviously, it will be helpful for many more people.

Timothy Rucinski · Post by **Timothy Rucinski** » 20 Jan 2022, 13:34

I've been retired from the workforce for the past several years and doing just fine, so I'll take a pass on this book. It is chockful of good stuff, and I hope that others may find it more helpful than myself. Unfortunately, I have to agree with our OBC Reviewer in that the grammatical errors are so distracting that I found the text very difficult to read. I hope that Mr. Margetic will secure the services of a good proofreader to turn this around before the next edition of his book is released. Nevertheless, congratulations to the author on achieving BOTD.

asteel18 · Post by **asteel18** » 20 Jan 2022, 13:36

As a person in my 50s, this could be a helpful book. I don't think people realize how much they really need to save to retire comfortably.

Ntombifuthi Londi · Post by **Ntombifuthi Londi** » 20 Jan 2022, 13:51

I really like how this book was made to help and educate those who are either about to retire or are in the process of retiring to be financially wise so they may retire comfortably. Congratulations on winning #BOTD!

Prince Ekeoma · Post by **Prince Ekeoma** » 20 Jan 2022, 13:52

"How to Survive the Coming Retirement Storm" by Robert Margetic. It's a very interesting book, talks about the day we retire. That's why we young people need to start from now to have more sources of income and not to fully depend on the pension. Congrats on the #BOTD.

Rashi Agrawal · Post by **Rashi Agrawal** » 20 Jan 2022, 13:52

Wow! This seems like a very insightful book. It talks about a topic which people does not even realise about until they come close to it face-to-face. Would enjoy reading it and learn about various things apart from retirement. Thank you for a detailed review.

Vidhi Adhikari · Post by **Vidhi Adhikari** » 20 Jan 2022, 13:52

Although I don't really go for such a genre. I'm intrigued by the title and I'm assuming the book to be enlightening and educational. I'll try and give this one a read. Well done with the review.

Owuamanam Eberechukwu · Post by **Owuamanam Eberechukwu** » 20 Jan 2022, 13:58

prospero360 wrote: ↑07 Sep 2021, 05:28 [Following is an official OnlineBookClub.org review of "How to Survive the Coming Retirement Storm" by Robert Margetic.]

3 out of 4 stars
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As you approach retirement, you anticipate a lot of changes ahead, and there are a lot of things you need to consider. From financial needs to healthcare needs, while considering the more limited streams of income that most retirees have, going into retirement is daunting for many. To put this into perspective, "fifty-five percent of people approaching retirement fear outliving their money, forty-five percent fear Alzheimer’s disease and nursing homes, fifty-one percent feel they cannot maintain their lifestyle in retirement, while seventy-five percent state they are not prepared to manage retirement for thirty years." - Page 10.

Therefore, How to Survive the Coming Retirement Storm: A Five-Step Process for Success in Volatile Times by Robert Margetic, an experienced financial advisor, is of utmost importance, as the author attempts to guide people approaching retirement on what retirement entails, how to prepare for it, how to live their best lives in retirement, and even utilize their finances after retirement.

While I thought that the book was all about helping people manage retirement from a financial standpoint, the author does extremely well to go much deeper than that, covering every aspect of a retiree's life (personal, social, dietary, physical, and more) and clearly showing the necessary adjustments needed. The level of depth to this book definitely stands out above all else and is my favorite aspect.

Robert Margetic commences by giving us an insight into the realities that retirees face, presenting facts and figures to support his claims. I have to admit that reality seems very scary, especially with the retirement storm that is coming to rock the current retirement system due to the number of people approaching retirement and inflation. Nevertheless, this serves as an urgent call to action, and all hope is not lost if changes are made starting from today, which you will see when you pick up this book.

The financial markets in the U.S. can be difficult for many people to understand, but the author shows his experience in this field, introducing us to several processes and models (Longevity Pod, POISE process, and Drawdown Ratio) that readers can apply to not only get the best out of their investments, savings, income (social security and/or employer income), and taxes but also manage the balance between their income sources and lifestyle expenses. The level of in-depth, simplified knowledge offered in these areas will be very helpful, and the author includes methods that can be used to track progress and inform readers of their current status, hence readers will know if a change or how much change is needed in their lifestyles at any point in time.

Furthermore, there is a lot of calculating and strategizing in the book, which may overwhelm some readers initially, but I am sure that they will gradually adjust by practicing the author's methods. The only thing I did not like about the book was its editing, as I found numerous distracting errors while reading, and they got even worse as I read further. A professional editor's touch will make this book a perfect read, but as it stands, I rate this guide three out of four stars. Readers who are approaching retirement will hugely benefit from this book, as they will learn how to make calculated assumptions and deal with change, including predictable and unpredictable change.

"Entering retirement is like training for a sporting competition. You trained well, psyched yourself up, put on your game face, and are ready to go. You will not know how effective you are until you play the game. Once the game begins, your deficiencies get exposed, you encounter the elements and compensate and adjust." - Page 59.

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How to Survive the Coming Retirement Storm
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As the reviewer stated. "entering retirement is like entering a competition" The fact that many fear nursing homes and other factors that limit one in old age, is right we prepare for when we have no strength left. A good review, a great book.

Laura Ungureanu · Post by **Laura Ungureanu** » 20 Jan 2022, 13:59

I appreciate how in-depth this book goes. However, I'm not interested into learning more about retirement because I'm too young.

jeanmtdb · Post by **jeanmtdb** » 20 Jan 2022, 14:02

Thank you for your review. I think this book can help some of us who were forced into retirement early because COVID shut our businesses down. The younger you are when you read this and implement the strategies, the better off you'll be. Congratulations on BOTD!

STabassum · Post by **STabassum** » 20 Jan 2022, 14:06

Retirement is altogether a new and different learning phase of life. The author treads across an unconventional plot and manages to intrigue the readers to a great extent. I hope that I will get the chance to read this book soon.

Scerakor · Post by **Scerakor** » 20 Jan 2022, 14:28

It sounds like this book covers off everything a imminent-retiree would need in order to survive financially (as well as personally, socially, diet-wise, and physically).