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.
Michael Zwecher’s Retirement Portfolios is a classic that lays out the case for thinking about retirement from the income perspective, instead of just in terms of portfolio returns.
It provides the philosophy behind income flooring, whether that is done from a lifetime perspective or from a founding of building the income floor rung-by-run over time. This book helped to establish the foundations for treating retirement income planning as distinct from traditional investment management and wealth accumulation.
Retirement portfolio guidance for finance professionals
Retirement is one of the most important parts of the financial planning process. Yet only two percent of financial advisors describe themselves as competent in retirement planning.
Constructing a retirement portfolio is viewed as a difficult endeavor, and the demands facing financial advisors responsible for this task continue to grow. The pressures are particularly intense due to events such as the financial crisis and oncoming rush of retiring baby boomers. It is imperative that financial advisors be equipped and ready to create appropriate retirement portfolios. That's why Michael Zwecher-a leading expert on retirement income-has…
Since I write books about retirement, I love to read what others have written. Wes Moss’s book is fun, easy to read, helpful for retirees, and his research describes the ten most important habits for a “healthy, secure, and joyful life.”
My favorite coffee mug has this wonderful advice: “Live a Life You Don’t Need a Vacation From.” I find that Wes Moss’s book closely aligns with my own beliefs about achieving a satisfying, rewarding, and healthy retirement, and it provides a concrete framework to get there.
The bestselling author of You Can Retire Sooner Than You Think and host of Money Matters reveals the 10 essential habits for a rich, rewarding, and blissful retirement.
What does it take to have a truly happy retirement? Is it money? A mortgage-free home? An active social life? A long-lasting marriage-or maybe a new one? Finance expert, author, and radio host Wes Moss asked more than 2,000 of the nation's happiest retirees to find out-and their answers may surprise you. Through a series of revealing surveys, Moss noticed a pattern of distinct, recognizable habits that the happiest retirees shared, from…
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…
I have made it my business to teach basic business skills to creative professionals who should have learned them in school but, alas, did not because it’s not taught in school. This has for years perpetuated a “starving artist” mentality amongst creative professionals, who are naturally talented and could easily bring their creativity to the business side of their business, if only they knew how. That’s the mission I’m on with all of my work through marketing-mentor.com
Essential Skill #1 for Creatives: the breadwinner mindset
Creative professionals tend to be number-phobes and therefore believe they are doomed to be “starving artists.” That’s why, when I heard the title of Jennifer Barrett’s book, I knew I had to invite her to be a guest on my podcast. She writes clearly and simply about the “breadwinner” mindset. Plus, we share the belief that there is nothing more empowering than having in place the mindset, the money, and the marketing so you are free to walk away from any situation or client that isn’t a good fit. That’s the only way to bring your dream business to life.
A new kind of manifesto for the working woman, with practical guidance on building wealth as well as inspiration for harnessing the freedom and power that comes from a breadwinning mindset.
Women are now the main breadwinner in one-in-four households in the UK. Yet the majority of women still aren't being brought up to think like breadwinners. In fact, they're actively discouraged - by institutional bias and subconscious beliefs - from building their own wealth, pursuing their full earning potential, and providing for themselves and others financially. The result is that women earn less, owe more, and have significantly less…
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.
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…
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…
My mom was an anthropologist, and when I was two, she took me to Sri Lanka, the island off the tip of India. After years of insisting that I wanted nothing to do with any social science, let alone anthropology, I ended up in graduate school studying… anthropology. Long story. Having taken up the family mantel, I returned to the village where I lived as a child and asked what had changed in the intervening years. Since then, my Sri Lankan interlocutors have suggested book topics that include labor migration, the use and abuse of alcohol, the aftermath of the Indian Ocean Tsunami, and the challenges of aging.
Immigrants often try to reunite their families once they settle in their new home countries. This book looks at the experiences of elder Cantonese parents who have followed their children from China to the US. Newendorp’s sensitive ethnography reveals the joys, strains, and tensions as reunited families renegotiate the rules around family support, filial duty, and the rearing of Chinese-American grandkids.
The 21st century has seen growing numbers of seniors turning to migration in response to newfound challenges to traditional forms of retirement and old-age support, such as increased longevity, demographically aging populations, and global neoliberal trends reducing state welfare. Chinese-born migrants to the U.S. serve as an exemplary case of this trend, with 30 percent of all migrants since 1990 being at least 60 years old. This book tells their story, arguing that they demonstrate the significance of age as a mediating factor that is fundamentally important for considering how migration is experienced. The subjects of this study are situated…
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’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.
This books takes the opposite approach to The Simple Path To Wealth; it covers a vast range of financial topics and historical figures while diving deep into the mathematics of a rational retirement plan. This book can be a challenging read at times, but it will make you smarter. Consider this a graduate school-level education in retirement.
The 800 years of scientific breakthroughs that will help salvage your retirement plans
Physics, Chemistry, Astronomy, Biology; every field has its intellectual giants who made breakthrough discoveries that changed the course of history. What about the topic of retirement planning? Is it a science? Or is retirement income planning just a collection of rules-of-thumb, financial products and sales pitches? In The 7 Most Important Equations for Your Retirement...And the Stories Behind Them Moshe Milevsky argues that twenty first century retirement income planning is indeed a science and has its foundations in the work of great sages who made conceptual and…
