Royce Shook

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Best Retirement Books

As I wander through the Internet, looking for inspiration and ideas I came across this article about the Best Retirement Books written by Sarah Horvath who is a Contributor to Benzinga. She wrote this article on November 1, 2018. 

Benzinga is, according to its website, is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.

Sarah's article is interesting because she gives her criteria for her selection in a clear and brief format and she provides a link on where you can buy the book. Here are her criteria for her selections.

What makes a retirement planning book worth reading? 

Though each individual author will maintain his or her own unique tone and advising strategy, the best books all share these common characteristics:

Different strategies for younger and older investors
The best way to invest will largely depend upon how close you are to retirement when you begin. Younger investors have the added benefit of compound interest and time on their side; because they have more years to allow their money to grow before they reach retirement age, they can afford to take more risk.

Older investors may have to put off their retirement if the market takes a turn for the worse and they’ve placed their money into volatile equities, so investors closer to retirement will want to make more conservative investments when it comes to their retirement accounts. Be very wary of retirement planning books and financial experts who advertise a one-size-fits-all strategy to saving and investing—you probably aren’t getting the best advice possible for your unique situation. 
A fun and engaging writing style
Planning for retirement doesn’t have to feel like work. The best retirement planning books place the voice of the author front and center, employing an interesting and unique writing style to keep you turning pages. You wouldn’t read a boring novel—so don’t force yourself to “tough it out” through a snooze fest.

Easy-to-follow and up-to-date advice
Interest rates have plummeted, tech stocks have skyrocketed, and we all have computers in our pockets—the world changes, and the best retirement advice changes along with it. If your retirement planning book is old enough to remember writing checks or life before the internet, chances are high it doesn’t have advice that is still relevant to saving for retirement in the digital age.

Realistic claims
Honest retirement planning books will tell you up front that saving for your golden years is a long and intense process that won’t happen overnight. Be very wary of retirement planning “gurus” who claim to have the secret to retiring in five years or the next Amazon or Apple stock—these so-called “experts” are more than likely trying to sell you a scam.

Here are her number one  and two picks, for the entire list go here

The New Retirementality: Planning Your Life and Living your Dreams… At Any Age, You Want by Mitch Anthony

The New Retirementality author Mark Anthony wants you to challenge everything you think you know about retirement. Anthony believes that retirement is an artificial “finish line,” and expounds upon the mental, physical, and financial dangers of quitting work just because you’ve blown out the candles on your 66thbirthday cake. This doesn’t mean that Anthony advocates throwing investing to the wind and indulging in the pleasures of today—rather, the author encourages readers to create their own custom plan towards retirement and to rethink what it means to be retired.

Retirementality is unique because it’s not a step-by-step how-to book—instead, Anthony focuses on teaching readers how to think for themselves and identify the type of retirement that will help them feel personally fulfilled.

Get it on Amazon

Kindle edition: Buy it now
Paperback edition: Buy it now

The Total Money Makeover by Dave Ramsey

The Total Money Makeover offers readers a detailed plan to take control over their finances through easy-to-follow steps that require absolutely no prior technical or investing knowledge.

Though some of the advice that Ramsey offers is questionable (for example, he believes that there are no circumstances that a credit card is useful), the foundation of Total Money Makeover is a solid starting point for investors who prefer a straightforward writing style and no-jargon approach to saving and investing. 

Get it on Amazon

Kindle edition: Buy it now
Paperback edition: Buy it now
Hardcover edition: Buy it now


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Royce Shook

3 years ago #2

Preston, interesting idea about the majority of millionaires, I had not heard that before. Thank you
Great will need to pick up a few of these books. I LOVE to read!!!

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