What do I receive if I purchase the FAILSAFE RETIREMENT™ System?
After you complete your secure purchase through PayPal, you will immediately be sent a link that will allow you to download the Failsafe Retirement™ System file. In this file will be an automated Excel Workbook containing the Budget Planner, Savings Calculator, Income Plan Builder, and Plan Summary Worksheets. You will also receive access to an extensive online User Guide. The Worksheets will include links to Help and Planning resources, many of which are available only to Purchasers. Within minutes after completing the purchase, you can begin using the System to create your plan for a guaranteed retirement income. Your purchase includes a license to use the System for as long as you wish.
How is the FAILSAFE RETIREMENT™ System different from other retirement planning tools and calculators on the Internet?
The Failsafe Retirement™ System is unique in its combination of five features: (1) It is designed specifically to prevent a retirement income failure even in a worst case scenario; (2) It allows you to create a retirement spending budget and income plan without worrying about inflation; (3) It eliminates the market risks that are inherent in almost every traditional retirement income plan; (4) It can be implemented with little or no transaction costs; and (5) It gives you the confidence to use other financial resources to enhance your life or to invest in higher risk areas. In other words, it creates peace of mind for the average investor looking ahead at retirement.
Is the FAILSAFE RETIREMENT™ System just another way to sell annuities?
Great question and the answer is NO. This System has nothing to do with annuities of any kind, although one special type of annuity is briefly discussed in the Help resources for comparison purposes.
Is the FAILSAFE RETIREMENT™ System just for baby boomers?
No. The Failsafe Retirement™ System is designed to work for any adult who is planning for retirement, regardless of age. The closer you are to retirement, the more accurate the projections are likely to be. On the other hand, if you start the System when you are in your twenties or thirties, you give yourself more time to properly invest in your Failsafe Retirement™ Income Plan.
Do I need a computer to use the System?
Yes. The four components of the FAILSAFE RETIREMENT System are specially programmed Worksheets designed for use with Microsoft Excel or other spreadsheet program that can read or import an Excel (.xls) file. There are many programs for PCs and Macs that can do this. If you don’t own a spreadsheet program, you can download the System file and import it into a free Google Docs or OpenOffice spreadsheet and the essential features should work fine. You don’t need to know anything about using Excel. All you are required to do is enter information into the clearly designated on-screen areas.
The Planning Guide is a PDF file that can be read by Acrobat Reader (which is free) or by any other program that can open and display PDF files.
The Budget Planner, Savings Calculator, and Plan Builder Worksheets also include links to Help files, resources and tools found at FailsafeRetirement.com and on other websites. You will need an active Internet connection to access these resources while using the System.
Who created the FAILSAFE RETIREMENT™ System?
This System was developed by Mark Patterson, an electrical engineer, patent attorney and baby boomer with a long standing interest in investing and personal finance. He is the owner, publisher, and author of two established personal finance blogs: Go To Retirement and Tough Money Love. Many of the concepts and formulas embodied in the system are based on research published by Dr. Zvi Bodie, a Professor of Finance at Boston University and author of the book “Worry Free Investing.” Although Prof. Bodie is not affiliated with the System or with FailsafeRetirement.com, his research and book deserve credit for inspiring me to create the System and use it myself. Read about the research behind the System.
If I purchase the System, will I have to buy anything from you or from anyone else to use it?
Absolutely not. If you acquire the complete Failsafe Retirement™ System, you will have every tool that I use to work the System myself. Your purchase includes a license to use the System for as long as you wish. The only other money you will spend is on the investments that you might need in your Failsafe Retirement™ Income Plan. I don’t sell those. You can purchase those yourself – from the government – with no commissions or other transaction costs.
Do I have to be an expert in investing to be successful with the FAILSAFE RETIREMENT™ System?
No. This System can be used by anyone who can follow basic instructions, including investing novices. I have been a self-directed investor for many years. From that experience I eventually learned that when the market collapses like it did in 2008-2009, no amount of investment expertise can really save you. That’s where the Failsafe Retirement™ System can help. There are present and future value calculations used in the System. It can help to understand what these are and how they work. But because these calculations are done automatically for you, you can do fine without having that knowledge.
Are you saying that this System will make it easy for me to have a retirement that is “failsafe”?
The System is easy to follow and simple to use. However, depending on your age and present financial circumstances, funding the Income Plan that the System will create may involve some hard choices and sacrifices today to insure that you will have enough income to support you in retirement, no matter what happens in the stock market.
How can any retirement income plan be 100% failsafe?
There are no 100% financial guarantees in any retirement. However, if you follow the recommendations for creating a worst case scenario spending budget and for building your Failsafe Retirement™ Income Plan, and if you are able to follow the guidelines for funding the Income Plan, our federal government would have to collapse or renege on its promises to investors for the System to fail.
How can I get help if I don’t understand something with this System?
Each of the components of the Failsafe Retirement™ System includes access to Help and other resources at FailsafeRetirement.com. Other questions can be submitted on the Support page of this site or directly to the publisher by email. If the question is related to a feature of the System itself, we will attempt to answer it in a reply email, as a new entry on this FAQ page, or on the Support page.
Can I show and discuss the FAILSAFE RETIREMENT™ System with my financial advisor?
After you purchase the System, you are free to show it to anyone, including your financial advisor, as long as you do not give them a copy. I will warn you, however, that many financial advisors are in the business of selling or managing investments and have been taught that “buy and hold” equity investment strategies are essential to a secure retirement. This System rejects that concept. For more on this subject, I encourage you to read this article comparing the retirement investing ideas of Prof. Zvi Bodie, author of “Worry Free Investing” and Prof. Jeremy Siegel, a well-known ‘buy and hold” equity market advocate.
Will this System work if I have another retirement plan such as a pension, 401(k) plan or IRA?
Absolutely. The Failsafe Retirement™ Savings Calculator factors in any pension and other guaranteed investment income you will have in retirement. Depending on where your 401(k) plan or IRA is being managed, it may or may not be possible to use assets in those accounts to fund your Failsafe Retirement™ Income Plan. This is explained in more detail in other Help resources.
I like investing in stocks and mutual funds. Can I still do that if I use this System?
Yes. Even though the Failsafe Retirement™ System is designed to eliminate risks associated with the stock market, you are free to use other funds to take those risks. In fact, by using the System to create your plan for guaranteed retirement income, you can have the confidence that your basic retirement needs will be met no matter what happens with your other investments.
Am I allowed to make changes to the System files after I receive them?
The Failsafe Retirement™ System includes proprietary software and text files protected by U.S. Copyright Law. Only the copyright owner (me) has the legal right to make changes to these copyrighted materials, except by entering data where instructed. If you want to change any of the files for your personal use, please contact me for permission.
I live in Canada. Will I be able to use the FAILSAFE RETIREMENT™ System?
Yes you will. I am working on a special version of the System that will be specifically for our Canadian friends. Check back later for information on the availability of the Canadian version.