PIMCO Interviews Somnath Basu PhD MBA on Retirement Planning

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A “Worried Sick” Encore Presentation

By Staff Reporters

Retirement is one of the most important life events many of us will ever experience; for doctor, nurse, FA, consultant or layman alike.

From both a personal and financial perspective, realizing a comfortable retirement is an incredibly extensive process that takes sensible planning and years of persistence. Even once reached, managing your retirement is an ongoing responsibility that carries well into one’s golden years.  While all of us would like to retire comfortably, the complexity and time required in building a successful retirement plan can make the whole process seem nothing short of daunting.

However, it can often be done with fewer headaches (and financial pain) than you might think – all it takes is a little homework, an attainable savings and investment plan, and a long-term commitment.

And so, in this encore presentation, Dr. Basu breaks down the process needed to plan, implement, execute and ultimately enjoy a comfortable retirement.

Assessment

During this DC Dialogue of late 2010, PIMCO talked with Dr. Somnath Basu, professor and Director of the California Institute of Finance at California Lutheran University,  and ME-P “thought leader”, on retirement planning issues of concern to us all

Link: http://www.agebander.com/pdf/DCD048-080310_SomnathBasu_FINAL-1.pdf

Conclusion

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8 Responses

  1. About Dr. Somnath Basu PhD, MBA

    Dr. Somnath Basu is the founder of AgeBander, and is a Professor of Finance at California Lutheran University and the Director of its California Institute of Finance. In addition, is also a Professor of the Helsinki School of Economics Executive MBA Program. He earned his B.A. in Economics, University of Delhi, MBA (Finance), Marquette University and a Ph.D. (Finance), University of Arizona.

    Dr. Basu is extensively published in the field of investments and financial planning and is an award winning teacher. He has significant consulting experience with US Fortune 100 companies and advising institutional money managers.

    Dr. Basu is also actively involved with financial planning organizations including the National Endowment for Financial Education (NEFE), the CFP Board of Standards, International CFP Board and the FPA. His book (with Dr. Geoffrey Hirt and Stanley Block)), “Investment Planning for Financial Professionals” McGraw Hill, May 2006 is widely used by financial planning education programs nationwide.

    Hope Rachel Hetico RN MHA
    [Managing Editor]

    Like

  2. On Basu,

    As a financial advisor, I am familiar with Dr. Basu and his work. He is always a pleasure to read.

    JG. Reddings

    Like

  3. On Retirement Plannng

    Do seniors spend more or less in retirement? Some thoughts by Mike Kitces, CFP®.

    http://www.kitces.com/blog/archives/267-Do-Your-Clients-Spend-More,-Or-Less,-In-Their-Later-Retirement-Years.html

    Are medical professionals the same, or different, than “others”?

    Raymond

    Like

  4. Bill aims to train more residents as doctors retire

    Proposed new legislation from New Yok aims to ease the healthcare workforce shortage by replacing retiring physicians with more new doctors being trained.

    So, for a different “retirement planning” spin:
    http://schumer.senate.gov/record.cfm?id=336147&

    Ken [Kensington]

    Like

  5. On Basu

    I am a big fan of Dr. Basu.

    Dr. Carrington

    Like

  6. Oh NO – PIMCO

    Pimco Total Return Fund posts a record $27.5 billion in outflows in October – Gross!

    http://www.msn.com/en-us/money/mutualfunds/pimco-total-return-fund-posts-a-record-dollar275-billion-in-outflows-in-october/ar-BBd0Bz6

    Charles

    Like

  7. Behind the triumph of indexing

    Index funds have become increasingly popular with investors over the past ten years.

    The most recent evidence: Vanguard Total Bond Market Index Fund surpassed PIMCO Total Return Fund as the largest bond mutual fund in the world. But, some might say indexing has become too popular and index funds have become too big.

    Any thoughts?

    Hudson

    Like

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