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You are here: Home / Cryptocurrency, Financial Services / The Retirement Revolution: Spend More Worry Less. David Kennon’s new book that is turning retirement on it’s head.

The Retirement Revolution: Spend More Worry Less. David Kennon’s new book that is turning retirement on it’s head.

November 25, 2018 by Post

Are you ready to join the Revolution?
Are you ready to responsibly spend more money earlier in your retirement?

THE RETIREMENT REVOLUTION
Spend More Worry Less
By David R. Kennon CWS®, NSSA®

Many Baby Boomers, shackled by the fearful teachings of their Depression-era parents, are not spending enough of their savings early in retirement. David Kennon, Sarasota fiduciary and owner of Kennon Financial, is on a mission to stop retirees from sabotaging their own retirement.

Very simply, many retirees are dying with more money than ever. And, contrary to popular belief, few retirees experience their greatest fear: outliving their money. In THE RETIREMENT REVOLUTION, Kennon states: “For 18 years, I’ve sat down with thousands of retiring Baby Boomers, and from nearly all of them I hear the same refrain. ‘I’m worried I’m going to outlive my money.’ It doesn’t seem to matter whether they have $200,000 in the bank or $2 million, the dread is the same.”

“I’ve also sat down with many people in their 80s and 90s to whom I always ask the same question, ‘What advice do you have for those who are just starting our retirement journey?’ And the answer is nearly always the same. ‘Spend more money earlier in your retirement. By the time we realized that we wouldn’t outlive our money, we were too old to enjoy it’.”

In addition to his own years of experience in the financial industry, Kennon also cites numerous studies by entities such as the Federal Reserve and the Employee Benefit Research Institute, to illustrate how this belief is remarkably prevalent among Baby Boomers. In his opinion, based on two decades in the industry and extensive research, there is no retirement crisis in America.

• According to the Federal Reserve, from 1993-2013 retirees’ average net worth increased by more than 60%.
• According to the Employee Benefit Research Institute (EBRI), only 12% of Americans die with no assets remaining.
• The ESBI also found that retirees of all wealth levels, 18 years after retirement, still had the vast majority of their assets remaining.
• Texas Tech researchers determined that between 2000-2010 60% of retirees were consuming much less than they had available to spend.

He outlines how it doesn’t help when Baby Boomers watch the daily stock market coverage on television. The continuous fear-based rhetoric seen on the financial news adds to the Depression-era mentality from their parents. This profoundly affects their mental state, which in turn affects their decisions about whether they can afford a new kitchen, take that vacation, spoil their grandkids, or support a cause they believe in.

His advice, based on two decades in the industry and extensive research is this:

“Spend the money responsibly by only spending the money your money is making. If your CD pays 3%, spend the 3%. If your portfolio returns 5% on average, spend the 5%. Believe or not, many people can stop saving once they stop working – and instead focus on living an awesome retirement.”

Kennon hopes his message will ignite a national conversation so that retirees everywhere will be more empowered to live the retirement of their dreams and extinguish the needless fear and worry which consumes so many. His philosophy is based on the following principles:

• Reject a fear-based retirement.
• Social Security is not going broke.
• Inflation is not going to bankrupt you.
• Medicare covers more than you realize.
• Your savings may go further than you think.
• You don’t need a million dollars to retire.

About the Author:
David R. Kennon, founder and CEO of Kennon Financial, is a financial advisor, author and broadcaster based in Sarasota, FL. He helps retirees who want to lead more fulfilling lives get the most out of their retirement savings. David has a degree from Penn State University, is a Certified Wealth Strategist® professional, and an accredited National Social Security Advisor®.

THE RETIREMENT REVOLUTION
Spend More Worry Less
By David R. Kennon CWS®, NSSA®
ISBN 978-0-692-19246-7
216 pages
$14.99 Trade Paperback Original

For additional materials, and to arrange an interview with Mr. Kennon, call 941-556-6307 or email spendmoreworryless@gmail.com

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