When I was growing up, I saw family members and friends, who were otherwise smart people who could master other aspects of their lives, have difficulty with personal finance decisions and investing. When my dad was laid off during a recession, he had some retirement money distributed to him, and I got interested in investing as he researched and tried with difficulty to handle this money himself. In my young adult years, I was a sponge to learn as much as I could about personal finance.
I liked reading Jane Bryant Quinn’s book as a young adult because it was comprehensive, and it seemed that she didn’t have a bias or axe to grind. Some of the popular financial writers at the time were pitching products in which they had a vested financial interest, which made a strong negative impression on me.
Named the best personal finance book on the market by Consumers Union, Jane Bryant Quinn's bestseller Making the Most of Your Money has been completely revised and updated to provide a guide to financial recovery, independence, and success in the new economy.
Getting your financial life on track and keeping it there -- nothing is more important to your family and you. This proven, comprehensive guidebook steers you around the risks and helps you make smart and profitable decisions at every stage of your life. Are you single, married, or divorced? A parent with a paycheck or a parent at…
As an economist with a PhD from the University of Chicago, I have focused my research on fixing Social Security and pension policy. I have researched and written about these issues for the U.S. and other countries around the world, as well as consulting on these issues in a number of countries. My career has included working at policy research offices in the Social Security Administration the Department of Labor (pensions), the International Labour Organisation in Geneva, Switzerland, AARP, and heading the Pension Policy Center.
This book takes a broader perspective and analyzes social security policy around the world.
It surveys the social security programs in each of the major areas of the world. It argues for social security pensions based on social insurance rather than on funded individual accounts. It also discusses other issues of importance in some countries, such as contribution evasion. It proposes ways of extending Social Security coverage to more workers.
There also are Japanese and Spanish editions of this book. Including the three editions, this book is one of the most widely cited in this field.
This is a valuable reference for anyone concerned with reforming or establishing pension programs and for those looking to understand the practicalities and structure behind various pension schemes. By providing a balanced assessment and factual review of what various countries around the world have done, this book assists decision-makers in forming effective, viable pension policy. Discussing not only the current situation in pension schemes, the book also considers the analytical, social, and economic consequences which arise from different pension structures. In what sometimes is a heated debate, this study avoids taking sides, but instead illustrates what has worked and not…
I have over four decades of experience working and innovating in the financial markets and have been a prolific contributor to academic and practitioner finance literature. I started my career at Salomon Brothers in 1984, where I became a managing director in the bond-arbitrage group, and in 1993 I was a co-founding partner of the hedge fund Long-Term Capital Management. I founded Elm Wealth in 2011 to help clients, including my own family, manage and preserve their wealth with a thoughtful, research-based, and cost-effective approach that covers not just investment management but also broader decisions about wealth and finances.
This is the most concise book (just 45 pages) on investing and saving that exists, and it delivers valuable advice in a punchy, memorable style. It’s the first book I recommend to anyone who asks me to recommend a book with practical advice that will improve their financial lives if they follow what it says.
If You Can is a short, inexpensive e-booklet aimed at getting twenty-somethings with their first 401(k) started on the path to retirement saving and investing.
"a fresh narrative whose scale, ambition, and pathos elevate" -Pacific Book Review
"The December Issue warms up the soul from its first chapter to the last." -Chanticleer Book Reviews, 5 Stars
The joys of retirement feel imminent to columnist Paul Scrivensby, a native of the Great Lakes' very own St. Catherine's Cove, but when his penultimate column stirs controversy, the writer soon finds easing into carefree days of leisure a luxury growing more elusive. Embroiled in the unexpected pursuits presented before him while on the verge of retirement, Paul discovers what he and others are capable of and searches for…
The joys of retirement feel imminent to columnist Paul Scrivensby, a native of the Great Lakes' very own St. Catherine's Cove, but when his penultimate column stirs controversy, the writer soon finds easing into carefree days of leisure a luxury growing more elusive. Embroiled in the unexpected pursuits presented before him while on the verge of retirement, Paul discovers what he and others are capable of and searches for understanding of what is truly expected of him at this pivotal point in his life.
A story of discernment amid the challenges and blessings of work, retirement, family, community, and past…
I am economist who first started exploring retirement planning for my own personal situation. I became so captivated by the topic that I changed fields and was selected as the Professor of Retirement Income at the American College of Financial Services. I am a past curriculum director for the Retirement Management Analyst designation and past program director for the Retirement Income Certified Professional designation. More recently, I am the co-creator of the Retirement Income Style Awareness and co-host of the Retire with Style podcast. I enjoy learning and teaching about all topics related to retirement.
Dana Anspach’s book on retirement planning is an accessible exploration of how to put together a retirement income plan.
She is a financial planner and well-respected retirement planning expert who was picked to create the retirement planning course for the Great Courses series. This book will help readers prepare their own retirement plans with confidence.
People in their fifties start to wonder: When should I retire? Once I do, when should I take Social Security? Do I need to buy an annuity to make sure I have enough money to last my whole life? Should I move everything into “safe” investments? In short, what do I need to do now to ensure a comfortable retirement? Control Your Retirement Destiny: Achieving Financial Security Before the Big Transition provides practical how-to knowledge on what you need to do to get your finances in order to prepare for a transition out of the workforce. While never easy, retirement…
I’ve lived in four states because of corporate transfers. My background is college teaching/administration, and for each relocation, I found a new job, house, and social groups. This is what retirement is about, the opportunity to learn, re-invent, re-define yourself, and pursue new opportunities and passions. My biology/psychology/relocation background prepared me to address the non-financial aspects of retirement, and I know CPAs/CFPs willing to share their financial expertise. I’ve authored five retirement books, I’m the “Healthy Living” columnist for a magazine, and I’ve been speaking/writing about retirement for the past 22 years. I have a B.S., an M.Ed., and I’m ABD for my doctorate. I can also speak backwards fluently!
I like authors who back up statements with research. Ken Dychtwald, CEO of Age Wave, has been studying the Boomer generation for more than three decades, and uses his research to not only demonstrate how this generation has transformed retirement, but also provides important insights for those who work with, sell to, or are Boomers themselves. Virtually every page has a nugget of useful and applicable information.
"Dychtwald and Morison offer a brilliant and convincing perspective: an essential re-think of what 'aging' and 'retirement' mean today and an invitation to help mobilize the best in the tidal wave of Boomer Third Agers." -Daniel Goleman, PhD, Author, Emotional Intelligence: Why It Can Matter More Than IQ
Throughout 99 percent of human history, life expectancy at birth was less than 18 years. Few people had a chance to age. Today, thanks to extraordinary medical, demographic, and economic shifts, most of us expect to live long lives. Consequently, the world is witnessing a powerful new version of retirement, driven by…
This is an absolutely unique take on Harry Truman. And Bess, too! Matthew Algeo (oh, forgive me for the following cliche) brings history alive in his telling of an automobile trip from Missouri to New York City taken in 1953 by the former first couple.
It's about the Trumans, yes, but it's also about an America when a former president could actually get behind the wheel of a car and drive thousands of miles without a convoy of Secret Service tagging behind. Algeo describes the country as it was, and then brings us up to the current time explaining how that America became this America, for good and ill. It's a fun read.
On June 19, 1953, Harry Truman got up early, packed the trunk of his Chrysler New Yorker, and did something no other former president has done before or since: he hit the road. No Secret Service protection. No traveling press. Just Harry and his childhood sweetheart Bess, off to visit old friends, take in a Broadway play, celebrate their wedding anniversary in the Big Apple, and blow a bit of the money he'd just received to write his memoirs. Hopefully incognito. In this lively history, author Matthew Algeo meticulously details how Truman's plan to blend in went wonderfully awry. Fellow…
I am a veteran semi-retired Canadian financial journalist who has long made a distinction between the terms “Retirement” and “Financial Independence.” I recently turned 70 and have been financially independent since my early 60s BUT I am not yet retired. I coined the term Findependence in my financial novel Findependence Day, and since 2014 have been running the Financial Independence Hub blog, with new blogs every business day.
I’ve always like the phrase “Work Optional” to describe the state of being financially independent enough that you don’t have to work for money anymore, but nevertheless choose to for reasons like having a purpose, or structure.
Work Optional is also the title of another fine American book on Financial Independence, bearing the subtitle Retire Early the Non-Penny-Pinching Way. The author is an American woman, Tanja Hester, who “retired” early at age 38, along with her husband Mark, who was then 41.
I put the word “retired” in quotes because, as is usually the case with advocates of the so-called FIRE movement (Financial Independence, Retire Early), Hester didn’t actually retire to do nothing.
Generally, I find that when FIRE proponents say they “retired” at 30 or 40, what they really mean is they quit working as salaried employees for a corporation, to launch what amounts to an encore career built…
A practical action guide for financial independence and early retirement from the popular Our Next Life blogger.
In today's work culture, we're expected to hustle around the clock. But what if you could escape the traditional path and get on one that doesn't require working full-time until age 65? What if you could wake up every day without an alarm clock and do the things you love most?
Tanja Hester and her husband Mark left their crazed careerist lifestyle to live their dream life in Lake Tahoe, retiring early from high-stress careers. Now Tanja will help you map out a…
I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.
As head of the Yale University endowment fund, the late David Swensen was one of the foremost innovators and most successful practitioners of institutional investing. Remarkably, he also wrote one of the best books ever for individual investors. Unconventional Success shows why on average, mutual fund investors significantly underperform the funds they own: They trade excessively, buying at the highs and selling at the lows, creating tax inefficiencies in the process. Swensen also valuably details hazards to avoid in fund selection.
In UNCONVENTIONAL SUCCESS, investment legend David Swensen reveals why the for-profit mutual fund industry consistently fails the average investor, from its excessive management and incentive fees to the frequent 'churning' of portfolios that forces investors to pay higher taxes. Perhaps most destructive of all are flagrant schemes designed to thwart regulators and further erode portfolios, limiting investor choice and reducing returns. Swensen's solution? A 'contrarian' investment alternative that creates more diversified, equity-oriented, 'market-mimicking' portfolios that minimize loss and reward the investor with the courage to stay the course. Swensen backs up his unconventional proposal with well-documented evidence supporting not-for-profit investment…
I am economist who first started exploring retirement planning for my own personal situation. I became so captivated by the topic that I changed fields and was selected as the Professor of Retirement Income at the American College of Financial Services. I am a past curriculum director for the Retirement Management Analyst designation and past program director for the Retirement Income Certified Professional designation. More recently, I am the co-creator of the Retirement Income Style Awareness and co-host of the Retire with Style podcast. I enjoy learning and teaching about all topics related to retirement.
Harold Evensky and Deanna Katz bring together a collection of experts to explore many different facets of retirement income planning.
This book was ahead of its time in exploring retirement income as a distinct field of financial planning, and it laid important foundations in place. Readers can learn from leading experts about understanding sequence-of-return risk, spending from investments, using annuities, and much more.
Clients nearing retirement have some significant challenges to face. And so do their advisers. They can expect to live far longer after they retire. And the problems they expect their advisers to solve are far more complex. The traditional sources of retirement income may be shriveling, but boomers don't intend to downsize their plans. Instead, they're redefining what it means to be retired―as well as what they require of financial advisers. Planners who aren't prepared will be left behind. Those who are will step up to some lucrative and challenging work.
I joined the U.S. Marine Corps in 2008 and by 2015 I was a Sergeant who had made all the same financial decisions most service members make…tattoos, alcohol, cars, chasing tail, etc., and had a negative net worth to show for it. Then I read Rich Dad Poor Dad and the light came on. I started buying houses, and by 2021 I exited the military as a financially free millionaire and spend my time helping service members and veterans learn how to build wealth. The military is one of the best places to set yourself up for success, and these books will help you get started on that journey!
Real estate investing is where I got started, and is still one of my favorite ways to build wealth.
Hands down my favorite real estate investing strategy is house hacking! This book was written by a friend of mine, and teaches you how to house hack, so I like it 😊.
The largest expense for most Americans is where they live. House hacking is where you buy a duplex, triplex, fourplex, or large single-family home and you live in one unit and rent the other units out—or in the large SFH live in one room and rent to roommates—so that your tenants can cover a large portion, if not all, of your living expenses. Sometimes you may even get paid to live in the home!)
When you eventually move out of that property it will cash flow, and you can rinse and repeat several times. All while saving the money…
Learn to harness the ultimate recession-proof real estate investing strategy―house hacking offers lower-income housing options with incredibly low vacancy rates.
House Hacking 101: Don’t pay for your home―hack it and live for free!
Savvy investors have been using a clever strategy in real estate for decades―and now, you will learn exactly how to perfect this trade secret! When mastered, house hacking can save thousands of dollars in monthly expenses, build tens of thousands in equity each year, and provide the financial means to retire early. In fact, the average house hacker can turn a single-family home or small multifamily property…
