Building and Preserving Your Wealth: A Practical Guide to Financial Planning for Affluent Investors

by Steven Podnos

Who can you trust with your money? Affluent investors are in dire need of unbiased advice and straightforward information concerning their investments and finances. Unfortunately, this is often hard... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 1886939675
• ISBN13: 9781886939677
• Release Date: January 2010
• Publisher: OakHill Press
• Length: 137 Pages
• Weight: 0.82 lbs.
• Dimensions: 0.7" x 6.4" x 9.3"

Customer Reviews

A primer to familiarize oneself with money matter basics

Building And Preserving Your Wealth: A Practical Guide To Financial Planning For Affluent Investors by certified financial planner Steven Podnos addresses personal finance issues specific to the middle class or well-to-do investor. Chapters address planning for taxes, retirement, education, life insurance, health and disability, and more, as well as how to work well with advisors and asset protections, achieve goals efficiently and much more. Written in plain terms, Building and Preserving Your Wealth spells out the advantages and disadvantages of financial choices available today, and is especially recommended as a primer to familiarize oneself with money matter basics before visiting a professional who charges costly hourly fees for his or her time.

Even more than you wanted to know!

We've all used the expression "everything you ever wanted to know, but were afraid to ask." This information-packed book goes even further. The author is an MD who specialized in respiratory medicine. He invested successfully over two decades, learning more and more about how to build and manage wealth. Over time, we might say he converted his hobby into a new profession, earning an MBA and earning the well-respected Certified Financial Planning designation. Employing what might be described as an effective "bedside manner," Dr. Podnos explains a wide range of investment and tax strategies in terms that make sense even to the uninitiated. And, since the book is directed toward people who already have knowledge (subtitle: A Practical Guide to Financial Planning for Affluent Investors), it could be construed to be even more understandable. I approached this book as having minimal knowledge of financial planning and was able to comprehend and appreciate the teachings. Readers will gain a clear message that each individual will benefit most from a tailored plan, one that meets specific needs and circumstances. With the complexity of available alternatives, the most wise strategy is to engage a professional financial planner who works for you-rather than earning compensation from the sale of securities, insurance, or other instruments. The author even tells you, in his numerous resource listings (at the end of each chapter) how to find Certified Financial Planners. The book will educate you enough to know what questions to ask...at least to start. You'll learn about investing, retirement planning, education planning, risk management and asset protection, health and disability planning, life insurance and annuities, charitable planning, estate planning, tax planning, and working with advisors. As you can see, this book is certainly comprehensive. It's a thought-provoking guidebook that has value for investors--and potential investors--at all levels.

Finally...a financial book that dares to tell the truth!

This book was easy to read and extremely informative. It's the first book that I've come across that doesn't tell you "how to get rich" but focuses on how to keep and grow the money that you already have. It's also the first time that I've seen a book explain why you can't trust your financial advisors if they are making their money by selling you financial products. This is Wall Street's dirty little secret! The book covered all the important topics that people with money need to know ....it's a totally comprehensive financial reference guide. It's also very practical, and I've already implemented some of the author's suggestions which I'm sure will help me to sleep better at night. I wish I'd read it years ago!