10 Best Retirement Planning Books [Updated 2022]
Retirement is a stage in the life of a human being that is inevitable and will occur once the individual has completed their career. they need to plan his future accordingly and use their savings wisely. Below is the list of top 10 retirement planning books to read in 2022 –
- The 5 Years Before You Retire( get this book )
- The New Rules of Retirement: Strategies for a Secure Future ( get this book )
- how to retire with enough money: and how to know how much is enough ( get this book )
- how to make your money last (get this book)
- how to retire happy, wild and free(get this book)
- how to retire happy (get this book)
- the complete cardinal guide to planning and living in retirement(get this book)
- retirement planning Retirement Income: The 2017 Guide for Baby Boomers (get this book)
- The Smartest Retirement Book You’ve Ever Read (get this book )
- the truth about retirement plans and ira’s ( get this book )
Let’s discuss each of the retirement planning books in detail along with their key points and reviews.
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#1 – the 5 years before retirement
by emily guy birken
book summary
Since 5 years is an ideal period of time to consider life after retirement, this best retirement planning book is a complete guide before time starts to run out. the book emphasizes how Americans are unable to save enough income, despite starting well in advance. Consequently, meticulous guidance is offered through every financial, medical, and family decision, from taking advantage of company employee benefits to the 401k program, or enrolling in Medicare, or considering housing as an investment option.
key takeaways from this best retirement planning book
The beginning part of the book is a bit slower as it focuses on budgeting techniques. prevailing external factors at the time.read more and fill out worksheets. It is later when the need for a proper financial planner arises that things get interesting. The planner must accurately understand the difference between a fiduciary and a salaried person and how they can guide based on the financial status of their client. also offers advice on the importance of medical programs as well as how to tackle complex government programs and how once you retire, you don’t have to focus on the numbers, but on enjoying life and meeting the changing demands on yourself and family .
#2 – the new retirement rules: strategies for a secure future
by robert c. carlson
book summary
This best retirement planning book provides the latest and most proven strategies to guide you in putting a silver lining in someone’s life to be fulfilled in their retirement years. emphasizes the fact that retirement should be considered as a new phase of life and not as the sunset. Today’s retirees travel the world, pursue new hobbies, develop new skills, become entrepreneurs, and enhance their golden years. This guide helps ensure that you have the financial independence to pursue the retirement you want through smart planning and effective financial strategies.
key takeaways from this best retirement planning book
some of them can be listed as follows:
- raise awareness of and thus overcome potential threats to retirees’ financial security
- learn the proper way to estimate retirement expenses and develop a sustainable strategy for spending wisely
- invest and diversify individual portfolio to improve returns even in difficult situations
- plan for possible long-term medical care
- leave a legacy for loved ones
#3 – how to retire with enough money: and how to know how much is enough
by teresa gilda rucci
book summary
certain statisticsstatisticsstatistics is the science behind the identification, collection, organization and summarization, analysis, interpretation and finally presentation of such data, whether qualitative or quantitative, which aids decision making best and most effective with relevance. read more suggests that the majority of the American population over the age of 50 has about $30,000 saved for retirement. At this rate, millions of Americans expected to retire over the next decade will be living near the poverty level. Current social security reforms are not expected to be enough to meet the needs of middle-class Americans.
key points
This book on the best retirement planning explores the confusion and misunderstandings, and poor policy making, that cause most Americans to overspend or undersave. it begins with recognizing what is really required of a person or family to save in terms of their demands and financial capacity and maintaining the general rule of saving between 8 and 10 times the annual salary before retirement, keeping humble expectations of the reforms of social security offered. by the government.
also offers a number of good ideas to control the current level of expenses without the help of financial planners as much as possible. It also highlights the importance of why a loan or mortgage should also be paid while maintaining simplistic language, to make it easier for all readers.
#4 – how to make your money last
by jane bryant quinn
book summary
This excellent retirement planning book is considered a treasure chest of financial secrets, tips and advice for people who have retired or are about to retire in the near future. it is considered of enormous value to the working class, including those who have recently started their careers. It eases the reader into the retirement mindset and clearly shows that the financial and personal anxiety that many experiences are common.
The author provides a guide to take complete control of this phase of life, not only from a monetary point of view but also from a psychological point of view. general savings options and investments offer safe money, which will help pay the bills, but to ensure that you have money to spend for 10 to 20 years after retirement, you need to invest in growthinvest in growthinvest in growth is concerned to allocating capital in potentially high-revenue companies, such as small-caps and startups, that are growing much faster than the industry as a whole or mature companies. Because the returns on such investments are high, the risk these investors face is also higher. read more.
key points
This book on retirement planning is a brief, hard-hitting, and compassionate guide that will offer guidance on issues such as:
- decide on social security
- choose supplemental health coverage and life insurance policies
- manage the home as an asset
- a decision about how long to work to have enough money at retirement age.
#5 – how to retire happy, wild and free
by ernie j. zelinski
book summary
This best retirement planning book offers an inspiring view of how one should fully enjoy life. many of us think of retirement as the end of life, but in fact, it can mean a whole new beginning to life for which there was no time to explore. the author emphasizes that the key to enjoying an active and satisfying retirement depends on much more than having adequate financial resources. one should also focus on other aspects such as maintenance of physical and mental health, desired leisure activities, improvement of social circle. The retirement wisdom in this book will prove far more important than the amount of money saved for retirement.
key points
offers inspiring advice on how to follow dreams for yourself rather than others, how to put retirement in proper perspective, and how to enjoy life guilt-free. The easy-to-read format, lively cartoons, and captivating quotes make it a friendly read for everyone. the author has focused on the following aspects in addition to the above:
- build courage to retire early and get more benefits
- better envision individual retirement goals, including aspects of life
- direct money wisely so that you don’t necessarily need a million dollars to retire
- above all, make your retirement years the best time of your life.
#6 – how to retire happy
by stan hinden
book summary
A best-selling book, this guide helps readers make the right decisions at an early age to ensure a happy and healthy retirement. offers all the expert advice one needs in easy-to-understand language in a step-by-step style.
The author has highlighted his personal experiences and mistakes he has made, and what others should consider carefully before making retirement decisions. This retirement planning book is recommended for readers of all ages, as those who are young can start planning as early as possible. the amount of expenses during a younger age is significantly high as there is the burden of managing a home and family. later, in old age, there will be a lot of money to save.
key points
Some of the highlights of this retirement planning book include:
- fully updated material on strategies for managing social security
- handling the financial realities of the post-collapse economy
- the author’s personal experience with realities Alzheimer’s long-term care
- counseling about health insurance, medicare, and prescription drug plan
#7 – the complete cardinal guide to planning and living in retirement
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by hans scheil
book summary
Throughout this excellent retirement planning book, the author, with his 40 years of experience in financial planningfinancial planningfinancial planning is a structured approach to understanding your current and future financial goals and then taking the necessary steps to achieve them . Because this doesn’t start or end in a specific time frame, it’s known as an ongoing process. Read More >
- what are smart investment strategies? investment strategies investment strategies help investors determine where and how to invest based on their expected return, risk appetite, principal amount, holding period, retirement age, industry of choice, etc. to finance retirement years
- how to deal with changes in tax rates after retirement
- if one outlives more years than retirement savings last
- how to approach choosing a financial and legal professional to plan for retirement
- the best way to transfer life insurance and other assets to immediate family members
The financial complexities facing retirement can be a difficult task. This guide offers all the tools one needs to understand how to make informed decisions for someone after retirement with the help of the top retirement options. explains simple and effective strategies one can implement with the help of professionals to make retirement financially successful.
#8 – retirement income planning: the 2017 guide for baby boomers
by mark j.orr
book summary
This best retirement planning book is ideal for people who are 10 to 15 years from retirement or who are already retired and looking for a better plan. the author highlights the top 5 retirement risks:
- live a longer life than expected
- inflationary risks
- stock and bond market risksmarket risksmarket risk is the risk an investor faces due to the decrease in the market value of a financial product that affects the entire market and is not limited to a particular economic good. it is often called systematic risk.read more
- increased healthcare costs
- increased fiscal risks
the focus is on creating a reliable and growing lifetime monthly cash flowcash flowcash flow is the amount of cash or cash equivalent generated & consumed by a company during a given period. It proves to be a prerequisite for analyzing the strength, profitability and profitability of the business. room for improvement. read more that offers true financial freedom and peace of mind in what can be expected to be as much as a 30-year retirement. Rather than allocating assets, asset allocation is the process of investing your money in various asset classes, such as debt, stocks, mutual funds, and real estate, based on your expectations of return and tolerance for risk. This makes it easier to achieve your long-term financial goals. Read More retirement plans mentioned above.
key points
This guide offers all the smart and safe retirement planning strategies to achieve the same. covers all the bases one needs to help avoid making a planning error and ensure they get into a situation where the retiree’s money will outlive the individual and not the other way around. one should take care of real people with real money, and ongoing retirement dreams are what you bring to the table.
#9: The Smartest Retirement Book You’ve Ever Read
by daniel r. solin
book summary
As the name suggests, this excellent retirement planning book is a short, smart, basic way to prepare for and deal with the music of retirement. has 59 very precise chapters dealing with individual financial topics, which, if it seems like too much, includes a 1 sentence summary. It is a very good book if you know very little about investing or if it is the first book you are going to read. summarizes the following aspects:
- make sure money earned outlasts a person’s life expectancy
- avoid common mistakes that can leave spouses and family members impoverished
- support on the lookout for scams that steal one of your hard-earned savings
- find simple strategies to diversify and maximize retirement portfolios
- discover financial lifelines, no matter the situation of the economy and others macroeconomicmacroeconomicmacroeconomic aims to study important aspects and phenomena for the national economy and the world economy in general, such as gdp, inflation, fiscal policies, monetary policies, unemployment rates. read more prevailing situations.
#10 – the truth about retirement plans and iras
by ric edelman
book summary
This guide highlights how to save smart for retirement. Throughout this excellent retirement planning book, readers are offered a step-by-step guide in simplistic language with clear explanation. The social security and IRA (individual retirement account) plans offered to the American population are very complex and expensive, so it is uncertain how much money should be saved for retirement purposes. The author aims to demystify the myths associated with retirement planning, focusing on:
- how to make contributions even when you think you can’t afford it
- make wise choices among investment options
- turn your 401(k) into income for yourself can achieve the desired lifestyle after retirement.
This guide is beneficial for readers of all ages. Those new to the workforce will understand the importance of saving, those in the middle of their careers will discover how much money to invest while taking full advantage of investment options and applicable tax laws. Readers who are retired or nearing retirement will learn how to allocate their retirement savings in a way that produces income not for now but for the rest of their lives.
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