Confessions of a CPA: Why What I was Taught to be True Has Turned Out Not to Be

If what you thought to be true turned out not to be, when would you want to know? Obviously right away! This book is a compilation of eight commonly held financial “truths” that are generally accepted as hallmarks of a sound financial plan. What if they aren’t true? What impact does relying on something that isn’t true have on your financial future? For example, we have all accepted the miracle of compound interest. If the exponential growth potential were the only factor in play – anyone nearing retirement would be wealthy. But there are other factors in play that are often not accounted for consequently, none of us are as wealthy as we thought we would be when we were first taught the miracle. Inside, find out the truth behind average rates of return, long term investing, qualified plans, buying term insurance and investing the rest, your home as an investment, financing large purchases and asset accumulation in addition to the miracle of compound interest.