iv • MARTIN H. RUBY
instance. As a merchandiser of fruit, he is no superstar. This had better be a sideline business for the kid, because, at five apples a day, if he has any overhead at all, he is a bankruptcy candidate (of course that may depend on how much he gets per apple). Any fi- nancial undertaking held up to the light of analysis by applied ac- tuarial science will have a much better chance of succeeding than one without such benefit. This holds doubly true for retirement planning. Your Own Personal Actuary I believe people should have their own actuary the way they have their own doctor, lawyer, or accountant. Actuaries specialize in identifying and reducing risk. And just about everyone’s finan- cial portfolio could use help with that. One of the reasons I founded Stonewood Financial was so I could take the unique science of risk assessment and actuarial problem-solving out of the boardroom and bring it into the living room, so to speak. All of us deal with risk in our financial lives — risk that can be mitigated, or at least prepared for, through actu- arial analysis.
Why IRAs? Why Now? I told you this was a book about me. About my story.
A few years ago, I was helping my adult daughters figure out the best way to save for the future. Frustrated at the outdated ad- vice they were getting, I was moved to write a book: The New Rules of Retirement Saving . The book helped younger generations align their savings strategies with the realities of today’s market. One of the hallmarks of that book was a discussion on the pit- falls of traditional tax-deferred retirement accounts, like IRAs and
Made with FlippingBook - Online catalogs