Million Dollar Poverty: Being Rich Doesn’t Mean You Can Retire Comfortably

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New book provides a detailed game plan to help you pursue your goals and enjoy a comfortable retirement.

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This book is for Millennials, Gen Xers, and Baby Boomers, wherever you are in your financial life. Whatever your age or financial situation, “Countdown” can help you pursue the lifestyle you want.

It’s mind-boggling. A million dollars in the bank could mean a retirement spent in near poverty. That’s right: a million may mean a lifestyle that feels like poverty. Turns out what was once the American dream--achieving the lofty status of millionaire, may not be much of an accomplishment in your golden years.

It’s called “Million Dollar Poverty,” a new and disturbing reality exposed and explored by financial expert and author Mark Avallone, in his new book, Countdown To Financial Freedom: Your Path to a More Meaningful, Active, and Vibrant Retirement.

In the book, Avallone states that “Million Dollar Poverty” describes the dramatic drop in lifestyle experienced by middle and upper-middle class retirees due to the lack of proper investment income and planning. For instance, a 67-year old Baby Boomer retiring now with a million bucks in the bank will generate an initial $40,000 a year to live on (at a sustainable withdrawal rate of 4%). It’s worse for a 32-year old Gen-Xer, whose one million at retirement will generate a measly, inflation adjusted $14,000 a year when all is said and done.

Throughout Countdown To Financial Freedom, Avallone offers solutions. For more than 30 years, the award-winning financial advisor has lent his expertise to individuals and companies regarding critically important financial decisions and wealth management. Countdown To Financial Freedom examines the challenges millions of Americans face in today’s post-pension society. Written in clear and understandable language, the book explains how people of all ages can navigate and overcome obstacles like stagnant wages, taxes, health care costs, and stock market volatility.

In addition, Avallone explains a process he calls “What Is Your Unique Formula”™? The formula provides specific steps that you can take NOW to determine your current financial situation and calculate your desired retirement income. He also helps create a decade-by-decade plan of action that will help you prepare for unplanned events, including what Avallone calls the three D’s – disability, divorce, or death of a partner. Avallone shares real-life and inspiring success stories of individuals who have suffered financial setbacks, but learned how to recover and lead satisfying lives. You’ll see how he communicates ideas and strategies that have enabled people to pursue their goals, and how you can use those same techniques to boost your retirement.

Countdown To Financial Freedom: Your Path to a More Meaningful, Active, and Vibrant Retirement teaches you how to create a successful roadmap to help you pursue your financial goals, and ultimately have a comfortable retirement. One of the goals of the book is to help you feel empowered and inspired to take on the challenge of building your financial freedom. Countdown To Financial Freedom also offers a guide to help you on that journey to a comfortable retirement.

"This book is for Millennials, Gen Xers, and Baby Boomers, wherever you are in your financial life. Whatever your age or financial situation, “Countdown” can help you pursue the lifestyle you want."    
– Mark Avallone

About Potomac Wealth Advisors, LLC
Mark Avallone is a Certified Financial Planner™ and a regular Forbes contributor, as well as the Founder and President of Potomac Wealth Advisors, a Rockville, MD-based financial services firm offering holistic financial planning and wealth management, asset management, and risk management services. For more information, contact Potomac Wealth Advisors, LLC, at 301-279-2221 or visit http://www.PotomacWealth.com. For media inquiries, please contact Marc Silverstein at 202-716-9123 or at marc(at)onthemarcmedia.

Securities and Investment Advisory Services offered through H. Beck, Inc. Member FINRA, SIPC 6600 Rockledge Drive – 6th Floor, Bethesda, MD 20817. 301-468-0100. H. Beck, Inc. is unaffiliated with Potomac Wealth Advisors, LLC.

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