Product Description

In this concise, accessible guide, Timothy W. Cunningham and Clay B. Mansfield, cofounders of the Life Cycle Mutual FundsTM, show you how to meet the financial challenge of retirement with a revolutionary new approach: life cycle retirement investing. Based on common sense, life cycle retirement investing breaks from conventional thinking and hard-to-understand modern portfolio theory to put you at the center of your retirement investing plan. Using stories and easy-to-understand basic concepts, Pay Yourself First gives you the right tools to take charge of your finances and achieve a secure retirement.

"A must-read for baby boomers who want to live happily ever after." —Peter Bernstein Editor, The Practical Guide to Practically Everything Executive Editor, U.S. News and World Report

"Starting with the title, there's loads of good advice in this book. The authors apply basic economic principles to illuminate the challenges of saving and investing. Readers will get a realistic, get-rich-slow plan for accumulating a nest egg to support them in retirement." —Thomas G. Donlan Editorial Page Editor, Barron's National Business and Financial Weekly Author, Don't Count on It: Why Your Pension May Be in Jeopardy and How to Protect Yourself

"Well written and insightful." —David N. Dreman, Professional money manager and columnist, Forbes magazine

"This book cuts through layers of obfuscation about intelligent investing for retirement. Mansfield and Cunningham should be on everyone's bookshelf next to Graham and Dodd." —Gordon Hally, Senior Vice President, Pacific Investment Management Company

"Easy to read, easy to follow. . . . It's hard to take exception to the logical plan for financial security presented in the book." —John W. Church, Jr. Executive Vice President, The Glenmede Trust

Product Details

• Amazon Sales Rank: #1730407 in Books
• Published on: 1996-09-28
• Released on: 1996-09-14
• Original language: English
• Number of items: 1
• Binding: Paperback
• 272 pages

From the Publisher
This guide demystifies the principles of retirement investing and shows readers how to take charge of their financial future. Breaking from traditional "modern portfolio theory," Pay Yourself First focuses on the human element involved in retirement planning. Using real-life anecdotes and examples, this book enables readers to make investment decisions in light of the particular problem or goal at hand, such as buying a home, funding a college education, or retirement. The authors' crystal clear analyses tackle many of the tough risk and return questions, answering them in terms that the average reader can easily grasp.

From the Back Cover
In this concise, accessible guide, Timothy W. Cunningham and Clay B. Mansfield, cofounders of the Life Cycle Mutual FundsTM, show you how to meet the financial challenge of retirement with a revolutionary new approach: life cycle retirement investing. Based on common sense, life cycle retirement investing breaks from conventional thinking and hard-to-understand modern portfolio theory to put you at the center of your retirement investing plan. Using stories and easy-to-understand basic concepts, Pay Yourself First gives you the right tools to take charge of your finances and achieve a secure retirement.

"A must-read for baby boomers who want to live happily ever after." --Peter Bernstein Editor, The Practical Guide to Practically Everything Executive Editor, U.S. News and World Report

"Starting with the title, there's loads of good advice in this book. The authors apply basic economic principles to illuminate the challenges of saving and investing. Readers will get a realistic, get-rich-slow plan for accumulating a nest egg to support them in retirement." --Thomas G. Donlan Editorial Page Editor, Barron's National Business and Financial Weekly Author, Don't Count on It: Why Your Pension May Be in Jeopardy and How to Protect Yourself

"Well written and insightful." --David N. Dreman, Professional money manager and columnist, Forbes magazine

"This book cuts through layers of obfuscation about intelligent investing for retirement. Mansfield and Cunningham should be on everyone's bookshelf next to Graham and Dodd." --Gordon Hally, Senior Vice President, Pacific Investment Management Company

"Easy to read, easy to follow. . . . It's hard to take exception to the logical plan for financial security presented in the book." --John W. Church, Jr. Executive Vice President, The Glenmede Trust

About the Author
TIMOTHY W. CUNNINGHAM is the cofounder, President, and a Director of Benson White & Co., a money management firm that serves as the investment advisor to Life Cycle Mutual FundsTM.

CLAY B. MANSFIELD is the cofounder, Chairman, and Chief Investment Officer of Benson White & Co. He is the former Chief Investment Officer of the Pennsylvania Public School Employees' Retirement System, where he oversaw a diverse portfolio of over $16 billion in retirement assets. Their previous book was Pension Funds: A Commonsense Guide to a Common Goal.

Customer Reviews

One of the most insight books on investing for the future.
This is a must read for people in their 20s and 30s, especially those who are married and have children. Most people think Social Security and the company 401K will take care of their retirement. A great many of those people believe if they start saving in their mid-30s they will accumulate enough wealth to retire comfortably. This book reinforces the need to begin saving for retirement as soon as you begin working full-time because of the power of compounding and all of the various circumstances like Bar Mitzah's, weddings and other financially draining events. It made me examine my own portfolio and strategy for future financial events. It is a very easy to read and understand book and can be read in a day