The unbeaten path to secure investment growth, by hildy richelson and stan richelson, while a few posters recommended otar s unveiling the retirement myth. Orderunveiling the retirement myth, my 525page book about retirement income planning based on nongaussian philosophy, including numerous worked examples. Then he managed money for his relatives, and by the mid1990s had become a cfp. The key insights and some of the terminology here are thanks to jim, though the presentation is mine. Jim is a financial planner from toronto, and based on the sheer volume of calculations and models in this book, some kind of rainman. He contributed to harold evensky and deena katz 2006 book, retirement income redesigned bloomberg. 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. 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.
Jim otar, in his book unveiling the retirement myth, wrote about the fourthyear checkup. This is without a doubt one of the most thorough, detailed, researched, and interesting retirement books i have ever. He wrote a book unveiling the retirement myth on retirement income planning. The book unveiling the retirement myth by jim otar does a great job on explaining the distribution stage, in detail, with actual numbers. If youre technicallyminded, see his book for a more detailed discussion, along with extensive supporting data and examples. You can skim and look at the charts and see what otar is getting at. In the green zone with jim otar retirement income journal. 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. 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. Instead of trying to fix the retirees, otar fixes the planning. Author of unveiling the retirement myth, certified financial planner, engineer. 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. Find all the books, read about the author, and more. Dont worry, the book is entertaining as well, not dry.
Advanced retirement planning based on market history. 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. Managing a retirement portfolio explained in 100 pages or less available here on amazon was written to address those questions directly. He gives seminars and workshops in advanced retirement planning. Nononsense income planning retirement income journal. The results can be strikingly different as jim otar points out in his book unveiling the retirement myth. 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. Jim otar has studied this problem extensively, but has a questionable builtin assumption. I just finished the book unveiling the retirement myth advanced retirement planning based on market history by jim c. Hurricane warning signal on january 31, 2019 for more info, refer to my book unveiling the retirement myth.
It is a mustread for all financial planners specializing in the retirement arena. Jim otar, founder of, notes the following flaws in his new book, unveiling the retirement myth. Otar s website has a lot of info, i recommend it highly. Otar may be known best for his zone matrix, which serves planning as well as practice management purposes. Jim otar s unveiling the retirement myth, steve thorpe forum member otar s book. The first ever calculator i made was based on backtesting methods outlined in this book. Proper stresstesting of a retirement plan is the main theme of jim otar s book unveiling the retirement myth. Jim otar unveiling the retirement myth anyone read the book unveiling the retirement myth. Unveiling the retirement myth paperback 1 october 2009 by jim c. The indispensable retirement guide jane bryant quinn.
Im sorry to tell you, but your wealth is insufficient. Jim otar and his book unveiling the retirement myth inspired much of my thinking on this issue. The retirement myth advanced retirement planning based on market history. Unveiling the retirement myth folio investing blog. This book is based on my research of retirement planning involving one hundred and nine. The average baby boomer is in this red wealth zone.
It is a nongaussian approach to retirement planning. He documented his methods in the 2009 book, unveiling the retirement myth. This month, he officially published unveiling the retirement myth. Asset allocation for retirement portfolios oblivious. An excellent and comprehensive analysis of numerous retirement income strategies. After spending several years in engineering and investing for his own account, he started his financial planning career in 1995. In short, because its backed up by solid, credible data otar used to be an engineer, and his love for quantitative results is impressive and informatative. Otar states that the problems include how the models generate randomness. 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. Otars hurricane warning chart otar retirement calculator. He is the author of unveiling the retirement myth and high expectations and false dreams. Otar s book, unveiling the retirement myth, and found it most enlightening. Otar, a financial advisor, certified financial planner, and engineer, clearly explains these topics and more in his book unveiling the retirement myth. Free pdf of unveiling the retirement myth by jim otar my.
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. Jim otar has written a book titled unveiling the retirement planning myth. 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. Extensive research shows that many of the fundamental concepts used in the current retirement planning practice are mostly useless. Excel monte carlo retirement calculator freefincal. It is long 525 pages and jampacked with marketbased mathematical analysis of retirement planning principles. Otar is the author of unveiling the retirement myth 4. His first book was about canadian dividend reinvestment plans. The best resources for retirement planning morningstar. Many boomers will have trouble digesting all of it or even taking the time to read the more complex parts. Otar analyzed portfolios using historical data back to 1900.
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