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.
Edmonton-based author Ernie Zelinski is probably best known for this self-published international bestseller.
Zelinski semi-retired at 30 after being fired from an engineering job. One of his first books was called The Joy of Not Working, and he later published The Joy of Being Retired: 365 Reasons Why Retirement Rocks—and Work Sucks!.
But the one that really struck a nerve for FIRE proponents was How to Retire Happy, Wild and Free, subtitled “Retirement wisdom that you won’t get from your financial advisor”.
Zelinski sugar-coats the content with pull-out quotes and a few cartoons. As the back-cover blurb of my 2014 edition proclaims, “Retirement is the beginning of life, not the end.” It follows that Zelinski believes that the earlier you take Early Retirement, the better, and encourages readers to pluck up the courage to do just that.
To that end, his focus on frugality allows him to…
How to Retire Happy, Wild, and Free offers inspirational advice on how to enjoy life to its fullest. The key to achieving an active and satisfying retirement involves a great deal more than having adequate financial resources; it also encompasses all other aspects of life -- interesting leisure activities, creative pursuits, physical well-being, mental well-being, and solid social support.
World-class author and innovator Ernie J. Zelinski guides you to:
Gain courage to take early retirement; in fact, the earlier the better.
Put money in proper perspective so that you don't need a million dollars to retire.
Generate purpose in your…
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…
As a wealth advisor for over 37 years, I find many people reach retirement lacking clarity and confidence. Traditional financial advice often focuses on things that are unknowable, uncontrollable, and frankly don’t matter that much. While sound technical investment, estate, and tax planning are critical, the soul’s need for meaning and purpose are as important as sound financial plans. The path to true financial peace may be simpler than you think. These books can help you focus on the fewer, more critical things so that you can thrive in retirement and free yourself from financial media which is not in business to support your vision of a meaningful life.
If you could only read one book on retirement planning (other than mine of course!), this is the one I’d recommend.
It covers a wide range of financial planning and investment topics: life-planning, goal-setting, investment strategy, financial stress-testing, spend-down strategies, tax-management, social security, Medicare, annuities, insurance, reverse mortgages, estate planning, elder abuse, and more
However, while comprehensive, it also does not get too “deep” in the weeds and is filled with wise counsel.
This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement.
Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including:
Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more.
These topics are explained with the help of specialists in each subject. And everything is based on the…
As a life coach and author of two dozen self-help books, I’ve spent the past twenty years helping people prepare for, plan, and go through major life changes, such as the transition to retirement. I’ve interviewed dozens of retirees about the challenges and opportunities they’ve experienced during their retirement. I’ve designed this guide so you can be strategic in choosing your path, overcome challenges, and make adjustments to make the most of this chapter of your life.
Money is the biggest concern for most people thinking about retirement. Suze Orman is the queen of straight-talk about how best to manage your finances during this chapter of your life. She explains practical steps you need to take to make sure you have enough money to last your lifetime. I love that she is ruthless about making readers consider the long-term effects of their purchases and financial decisions.
THE PATH TO YOUR ULTIMATE RETIREMENT STARTS RIGHT HERE
When you think about planning for retirement - whether it's years in the future or just around the corner - you're bound to have questions. Can I ever afford to stop working? Will Social Security be there for me when I need it? How can I make my money last? Have I waited too long to start saving?
Suze Orman, America's most recognized expert on personal finance, answers all the questions that keep you up at night - starting with the biggest one: It is never too late to start planning…
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.
Tony Davidow has more than 35 years of experience in working with advisors, institutions, and ultra-high-net-worth investors regarding advanced asset allocation strategies, and the use of alternative investments. He's currently Senior Alternatives Strategist at the Franklin Templeton Institute. Previously, Davidow held senior leadership roles with Morgan Stanley, Guggenheim, and Schwab among other firms. He's a frequent writer and speaker with deep expertise in the use of alternative investments, asset allocation and portfolio construction, and goals-based investing. In 2020, he received the prestigious Investments & Wealth Institute Wealth Management Impact Award for his contributions to the wealth management industry; and in 2017, he was awarded the Stephen L. Kessler Writing Award for excellence in editorial contributions.
David Swensen, the former CIO of the Yale Endowment, changed the way that institutions and individuals thought about, and allocated capital to alternative investments.
Swensen famously made big allocations to alternatives, delivering stellar returns, and spawning the “endowment model”. His approach was later adopted by other endowments and institutions as an intelligent allocation of capital.
In his fourteen years as Yale's chief investment officer, David Swensen has revolutionised management of the university's investment portfolio. By relying on nonconventional assets, including private equity and venture capital, Swensen has achieved a remarkable annualised return of 16.2 percent, which has added more than $2 billion to Yale's endowment. With his exceptional performance record prompting many other institutional portfolio managers to emulate his approach, Dr. Swensen has long been besieged by professionals in the field to write a book articulating his philosophy and strategies of portfolio management.
Pioneering Portfolio Managementprovides a road map for creating a successful investment programme.…
I’ve been rather fixated with money and finances since I was a kid beating my friend's parents at Monopoly. I majored in economics and had a few rough years financially graduating into the depths of the great recession in 2010. In 2013 I completed my Master’s in finance and economics, took a day job in economic research, and have been moonlighting as a finance writer for the past five years.
The Simple Path to Wealth is hard to beat as an introduction to investing.
This book has a singular message; invest in a U.S. stock market index fund and call it a day. Every page in the book, brings the reader back to that conclusion. While I have small quibbles with some issues (such as international diversification being glossed over,) if you find investing confusing or overwhelming this book is a fantastic place to start as it simplifies investing.
“In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart.” -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian
This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.
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’ve been writing about birth for decades – how it became a medical process, managed by a surgical specialty in a factory-like setting. I’ve worked with contemporary midwives who are trying to reclaim birth, to move it back home, back to physiological and loving care. And over and over again, I see the similarities to the other gate of life – how death and dying also left home and went into the hospital, where people die, as they birth, pretty much alone – with perhaps a ‘visitor’ allowed. Covid made it worse – but in birth and death, it allowed the hospitals to return to what medicine considered essential: medical procedures, not human connections.
There was a death in my family years back, and somehow after a long and wrenching day at the hospital, we were sitting around my dining room table at a late-night long-delayed dinner – and we were laughing. My brother came into the kitchen, worried about the children present: what were they learning? I answered: They’re learning how to bury us. Death, even death – and I am heavily grieving a loss right now – can be a moment for laughter, the sheer absurdity of life, the grief and sorrow expressed in crying and in laughing. There are other good books that do this, that take a more intellectual approach – but honestly, I admire the chutzpah of Greenberg editing a book of cartoons on death.
The range is from the silly, the grim reaper at the door introducing the fat lady, ‘here to sing for you,' to ones that…
A volume of previously unpublished cartoons by top industry names celebrates the wayward experiences of the baby boomer generation with contributions by such artists as Leo Cullum, Jack Ziegler, and Lee Lorenz. 50,000 first printing.
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…
