The £ s. d. of Retirement - Cecil ChisholmPhoenix House, 1957, Hardback in Dust Wrapper.
Condition: Good+ — in Good Dust Wrapper. Unlaminated dust wrapper a little edgeworn and faded with several short, closed, tears to both edges. Price Clipped. Edges of the text block lightly tanned. Text complete, clean and tight.
From the cover: “Inflation has made retirement a problem. Today the £, of 1946 is worth only 12/6. Can one afford to retire with money falling in value every day? Yes, says Cecil Chisholm, authority on retirement. (His best best-seller.Retire and Enjoy It, sold 20,000 copies.)
Chisholm attacks the problem from both its aspects with equal vigour. First come ways to raise your money resources to the limit before retiring. Next you find the most ingenious ways of making every pound go further after retiring.
Which type of investment will best offset inflation? The relative merits of savings certificates, building societies, gilt-edged, unit trusts and investment trusts are all detailed. Each is tested for its ability (a) to build up the biggest possible fund before retirement; (b) to hedge against inflation. None of your difficulties is dodged. For instance, Chisholm plumps for permanent investment trusts for certain small investors, but chooses unit trusts for others, always giving his proofs. As an ex-City editor he knows the facts.
The author gives as much space and attention to spending as tosaving. ‘Budget your expenditure’ and so save on both housekeeping and casual expenditure, says Chisholm. Himself a retiree, he has done a lot of research on household budgets. An appendix gives ten real-life budgets, ranging from £350 to £1,250 rate p.a. Each of these budgets worked: each is analysed to show how every pound has been made to go as far as possible.
This book is a complete and indispensable guide to the money side of retirement and he explains both ‘why’ and ‘how’ in detail. ‘The book is really an inspiration’, said the New Statesman of his previous volume; and The £ s. d. of Retirement is no less. For younger people it is even more. It is an authoritative guide to saving and investment. And it is the first and sole First Aid against cost of living and inflation. Its purchase will save any reader of any age many pounds.”