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    Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
    Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
    Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
    Ebook32 pages13 minutes

    Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?

    By Dale Maley

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    About this ebook

    Sixty-Seven million Baby Boomers have now started to enter their retirement years. One of their biggest challenges is making a retirement portfolio last during retirement. This is a challenge because of the fluctuating nature of future stock market returns. Hoover Dam designers faced a similar issue. They want to maximize flow from the dam while keeping the reservoir full. The amount of river flow replenishing the reservoir is dependent on fluctuating levels of annual snowfall in the mountains. This short story compares Hoover Dam’s design to the retirement portfolio income problem. After reading this short story, you will gain a new appreciation for your own retirement income solution.

    LanguageEnglish
    PublisherDale Maley
    Release dateNov 15, 2011
    ISBN9781465763501
    Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
    Author

    Dale Maley

    Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

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      Book preview

      Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem? - Dale Maley

      Can Hoover dam’s Design Principles help us solve the retirement income problem?

      by

      Dale C. Maley

      SMASHWORDS EDITION

      * * * * *

      PUBLISHED BY:

      Artephius Publishing on Smashwords

      Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?

      Copyright © 2011 by Dale C. Maley

      All rights reserved. Without limiting the rights under copyright reserved above, no part of this publication may be reproduced, stored in or introduced into a retrieval system. No part may be transmitted, in any form, or by any means (electronic, mechanical, photocopying, recording, or otherwise). Exceptions to this must be with the prior written permission of both the copyright owner and the above publisher of this book.

      *****

      Table of Contents

      Chapter 1

      The Retirement Income Problem

      Chapter 2

      The Hoover Dam Design Problem

      Chapter 3

      Constructing a Monte Carlo Model of the Hoover Dam

      Chapter 4

      Conclusions

      Chapter 5

      Summary

      References

      Recommended Reading

      Web Sites

      * * * * *

      Warning-Disclaimer

      This book is designed to provide information in regard to the subject matter covered. It is sold with the understanding that the publisher and author are not engaged in rendering legal, accounting, insurance, or other professional services. If legal or other expert assistance is required, the services of a competent professional should be sought.

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