Bonfire of the Sanities

The year 2020 brought about dramatic changes that have impacted the U.S. and the entire world, affecting different areas of our lives from financial markets, freedoms, fuels, and the future. The retirement landscape in particular is continuously evolving, and retirement portfolios must be managed effectively to avoid losses and recognize opportunities.Investors can no longer rely solely on computer-simulated allocations or robo-advisors that use algorithms to direct allocations. The current economic environment requires ongoing monitoring of changes to an investor's needs and the external environment.In Bonfire of the Sanities, author and retirement advisor David Wright outlines the unfolding economic landscape and the increasing regulatory changes to teach you how toidentify the various paths available for retirement investments,implement risk-limiting tools to protect yourself from sudden surprises,recognize new initiatives or regulations early and take advantage of them,control what you can and actively watch your finances, andfind the correct professional to oversee retirement portfolios or implement risk-limiting tools to take advantage of high-potential investments while protecting your accounts.Investors must be vigilant to recognize shifts, more so now than ever before, and actively manage their portfolios to avoid losses and recognize opportunities.

From the Back Cover The retirement landscape is changing. Don’t let yourself get left behind.The year 2020 brought about dramatic changes that have impacted the U.S. and the entire world, affecting different areas of our lives from financial markets, freedoms, fuels, and the future. The retirement landscape in particular is continuously evolving, and retirement portfolios must be managed effectively to avoid losses and recognize opportunities.Investors can no longer rely solely on computer-simulated allocations or robo-advisors that use algorithms to direct allocations. The current economic environment requires ongoing monitoring of changes to an investor's needs and the external environment.In Bonfire of the Sanities, author and retirement advisor David Wright outlines the unfolding economic landscape and the increasing regulatory changes to teach you how toidentify the various paths available for retirement investments,implement risk-limiting tools to protect yourself from sudden surprises,recognize new initiatives or regulations early and take advantage of them,control what you can and actively watch your finances, andfind the correct professional to oversee retirement portfolios or implement risk-limiting tools to take advantage of high-potential investments while protecting your accounts.Investors must be vigilant to recognize shifts, more so now than ever before, and actively manage their portfolios to avoid losses and recognize opportunities. --This text refers to the hardcover edition. Review “Having been a teacher, before becoming a financial advisor, David Wright not only advises what to do with your retirement income, he teaches you how to obtain that goal.” ? Keith & Betty McCall Client“I happened across a David Wright investment seminar when I was searching for an advisor to help me plan for retirement. After 40-plus years of working and facing the new realities of the COVID-19 pandemic, I was intent - actually somewhat desperate - to retire five years earlier than I originally intended. I met with a number of financial advisors over several months to discuss my 401(k) and if I really could retire comfortably. David’s strategy made the most sense. The approach he outlines in “Bonfire of the Sanities” is the strategy he advised for me. It works.” ? Janice Combs ClientWhen I first heard the title of David Wright’s new book, Bonfire of the Sanities, I thought: “That’s perfect!” If anyone I know is qualified to bring an element of informed, level-headed sanity to all the craziness and chaos of today’s financial markets, it is my friend and fellow “David,” David Wright. For over a decade, I have known David as one of the most ethical, caring, and hard-working financial advisors I have ever met, as well as one of the most intelligent. Even more importantly, David has a unique gift for sharing his vast knowledge in a way that truly educates and helps people confidently take control of finances?often for the first time in their lives. All the best financial advisors are, first and foremost, good teachers. David Wright is a great teacher!You will discover that for yourself as you read Bonfire of the Sanities. Here at last is a book that explains clearly how and why today’s global financial markets are?in many ways?more challenging and unpredictable than ever. A book that pulls no punches in addressing the “lunacy” rampant in today’s media and financial planning industry, and how it derails the retirement dreams of so many misinformed investors. A book from an experienced thought leader in the financial world who understands what Americans today really need and want from retirement and knows precisely how to help them achieve those goals. Best of all, here is a book that tackles these timely issues and delivers this vital information in a way that is concise, compelling, and immensely entertaining!Finally, I think you’ll also find Bonfire of the Sanities extremely motivating. If all the financial lunacy out there today has made you too nervous, confused or just plain scared to reset or even revisit your financial strategy, or caused you to wonder if your retirement goals are even achievable, I’m confident this book will change all that. You’ll discover that there is a better, surer, saner way to invest for retirement that is within your grasp. In David’s book, you’ll not only learn the exact steps you need to take in order to grasp it?you’ll want to start taking those steps today! ? David J. Scranton, CLU, CHFC, CFP®, CFA, MSFS Founder, Sound Income Group; Author, Return on Principle --This text refers to the hardcover edition. About the Author DAVID M. WRIGHT, president and owner of Wright Financial Group, CLU, ChFC®, is a thirty-plus-year veteran in the financial services industry, working with individuals, families, and businesses in many different financial areas. He is Series 65-licensed, specializing in working with those nearing or in retirement. He has helped hundreds of people maximize the utility of their money with non-stock market, income-generating financial products. He shares his decades of knowledge on his radio show, The Retirement Income Program, which airs every Saturday at 11:30 a.m. on WSPD 1370 AM/ 92.9 FM.David currently resides in Sylvania, Ohio, with his wife, Marcia. He has two sons and two beautiful grandchildren, Olivia and Jacob. In his downtime, he enjoys singing at his church, playing golf, and relaxing with his family. --This text refers to the hardcover edition.