BEATRICE – A father-daughter team who own an investment firm in Beatrice, have become authors of a book designed to help business owners and retirement plan sponsors offer an investment program to employees, while navigating changing U.S. Labor Department regulations.
Paul Garnett and Traci Garnett-Froscheiser of Garnett Investment Strategies now have a book entitled “Creating Retirement Plan Perfection”.
Paul Garnett says the idea to produce a book started about a year ago, after attending a conference that dealt with increased regulation of retirement plans and IRAs.
:38 “kind of fun”
Paul says Traci was responsible for what he calls the “personalization” of the book. It was completed last March, and Garnett said the first publisher that looked at it, agreed to go with it.
The book was published by Advantage Media Group….a South Carolina company that specializes in business books. So far, the response to the book has been positive.
:34 “aren’t saving enough”
Garnett says employers who offer a retirement plan, often have an advantage in hiring over companies who don’t.
Though aimed at business owners and plan sponsors, Garnett says the book has information individual investors can benefit from. He describes it as a quick read….just short of 140 pages.
Garnett says saving enough is something that has to start at the dinner table, and getting kids involved in the concept is important.
:31 “exactly that”
Garnett cited a university study that used marshmallows as a savings tool with young school children, which ultimately showed those exhibiting patience in their saving, were more successful later in life. There is the old saying among investment professionals…”put time on your side”.
:15 “it’s harder then”
Although entitled “Creating Retirement Plan Perfection”, Garnett acknowledges there is no perfect plan. He says the key word is “creating”…used in the title to emphasize the need to create a plan. So, is there a sequel in the future?…
:11 “to do it”
Since October of last year, Garnett says it was a matter of adhering to a disciplined schedule to write the book. The publication’s first run, through business distribution, was about 3,000 copies.