Online flat home retirement resources and information
It would be great if we could all retire with a nice portfolio of savings and pension income, without having to worry about paying the bills most retired people pay.
Yet...many retirees are living out their retirement on the breadline without much hope for even going on holiday without being assisted by relatives or even handouts. Don't let yourself be one of them...it's never too late!
Title : 12 Steps to a Worry-Free Retirement Author : Daniel Kehrer Rating : 5 Stars out of 5. Summary : Easy to understand.
This book lays out what you need to know about planning your retirement using easy to understand text and charts. The chapter I liked best was: Step 12 Monitor Your Retirement Plan's Pulse, I think its a good idea to read this chapter first.
Title : The 401(k) Millionaire: How I Started with Nothing and Made a Million and You Can, Too Author : Knute Iwaszko Rating : 4 Stars out of 5. Summary : Changing my ways in 1999!
I never saved much because I didn't believe my small savings could make any difference and I never knew what to do with my money. Read this book to learn why saving is key and time (and compound interest!) are your best friends. The book also suggests money allocation strategies as you get nearer to your goals.
Title : Rich Dad's Prophecy Author : Sharon L. Lechter Rating : 2 Stars out of 5. Summary : Massively dissappointing addition to an outstanding series
Robert Kiyosaki's "Rich Dad" series has become a seminal work for those seeking financial freedom and success. Following the guidance of his previous works I, my family and colleagues have made huge strides in increasing our net wealth and still consider the day that we read the first book to have been truly life changing.
This latest book, however, is a huge disappointment for anyone who is an experienced 'follower' of Kiyosaki. There is very little new and it appears that the series is becoming a cash cow for him to milk money out of in return for repeating previous material. The amount of content regarding the key topic (the financial impact of the change in the US population make up) is tiny and adds little to what is available free through simple internet searches. The tendency to use the text to advertise other "Rich Dad" products is increasingly annoying and adds to the feeling that the author is not really interested in adding value, except to his bank balance.
For newcomers to the series, though, the book could be useful as it combines topics from all of the previous four texts; a low cost way of getting the most for your money. I still reccomend the original "Rich Dad, Poor Dad" as an outstanding stand alone work (for its attitude alone). This new book would add to that nicely as a pair, saving the need to purchase the intermediate series or numerous attached products.
For those of us who have awaited Kiyosaki's output with anticipation, this is depressingly bad and verging on a deliberate rip off. Stick with the original and look for answers to the questions about the coming decade elsewhere.
Title : Iras, 401(k)S Other Retirement Plans: Taking Your Money Out (IRA's, 401(k)S Other Retirement Plans: Taking Your Money Out) Author : Twila Slesnick Rating : 5 Stars out of 5. Summary : Excellent even if you're not 59 1/2 years old
This is a great resource--clear, concise, easy to digest, well indexed, and written for the lay person. Knowing the rules for taking money out of your retirement accounts is important even if you're still putting money away--it allows you to make much better decisions about your investments.
Title : Invest Like Warren Buffett, Live Like Jimmy Buffett: a Money Manual Author : Luki Vail Rating : 2 Stars out of 5. Summary : Disappointment for fans of either Buffett.
If you are looking for some insights into Warren Buffett's investing success, look elsewhere. If you are looking for insights into Jimmy Buffett's lifestyle success, again, look elsewhere. This book takes some very pedestrian financial advice and wraps it up in a catchy title. I strongly suggest you avoid this book and search for more serious financial planning assistance.
Title : Your Guide to Retiring to Mexico, Costa Rica and Beyond: Finding the Good Life on a Fixed Income Author : Shelley Emling Rating : 3 Stars out of 5. Summary : Worth reading.
A good book in that it allows you to compare Mexico with other countries. The only negative I can think of is that in the Mexico section the author refers to Mexico City throughout. Not many retirees want to settle in Mexico City.
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