“Every profession makes magic. Biologists cure plagues. Engineers build skyscrapers. Physicists split atoms. Geologists Date rocks. Astronomers discover planets. Chemists decompose matter.”
Economist Laurence Kotlikoff admits his profession may seem preoccupied with big, world-spanning issues, rather than real world personal finance dilemmas, which can be difficult to calculate. (Buy stocks or bonds? Retire early? Pay off student loans or fund an IRA?)
Advances in algorithmic models and cloud computing have changed everything, he says, and “economics-based financial planning is poised to revolutionize personal finance.” Conventional financial advice is being replaced by financial planning that calculates, rather than guesses, what to do.
In this book, he reveals the secrets to fifty monetary magic tricks for buying and holding stocks, choosing a career, maximizing Social Security benefits, self-employment, paying off a mortgage, and more.