Online humorous poem on 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 : The Three Boxes of Life: How to Get Out of Them Author : Richard Nelson Bolles Rating : 5 Stars out of 5. Summary : An expert's primer on building a balanced, satisfying life.
In a time when simplifying one's life, finding satisfaction and mission, and creating meaning are dominant issues for baby boomers and gen-x alike, this text is an unerring guide. Bolles patiently walks you through the process of evaluating and considering the roles of learning, working, and playing in your life. Constructing the optimal balance of those roles - the "three boxes" of the title - is up to you, but his guidance provides a starting place. This is a book I re-read, and re-consider, every two or three years.
Title : One World, Ready or Not Author : Wil Greider Rating : 5 Stars out of 5. Summary : Excellent clarity for economist and layman alike
How refreshing it is that in a nation with a plethora of spin doctors we find a person who writes succinctly and without hyperebola about our current economic and political reality. While he does not give us any clear direction about what to do about unfettered global capitalism, he does give us access to information generally hidden by the media moguls about what has been happening in a seemingly irrational world. He does give us anecdotes to deregulation; but, I agree that they have little probability of happening.
Title : Wall Street on a Shoestring: Financial Success for Just Five Dollars a Day Author : Clare La Plante Rating : 4 Stars out of 5. Summary : Why should Warren Buffett have all the fun and success?
Why should Warren Buffett have all the fun and success? This book shows that you don't need to be a millionaire to make money on Wall Street (though it does still help). A nice, step-by-step guide to investment options for us ordinary souls.
Title : You've Earned It, Don't Lose It: Mistakes You Can't Afford to Make When You Retire Author : Suze Orman Rating : 1 Stars out of 5. Summary : The math is wrong
The time value of money analysis in this book does not take into account that money has time value and thus the results of the studies Orman presents are biased in the wrong direction. Also the rate of inflation of 5% is too high based on current and past values. This also biases the results. It is funny to see the results of her long term care insurance policy analysis. According to Orman, the insured pays in $1,255 each year for 30 years and alternately if they had not taked the policy get no credit for the compound growth rate this money would earn had not they taken the policy. It makes a huge different that was not considered Also there is a chart that shows a comparison of 5% simple and compound interest on an inflation rider. Certainly, inflation is not a simple interest growth rate. The data of Orman's table make no sense whatsoever and certainly have no bearing on the long term care policy decision.
Title : Social Security, Medicare, and Pensions: Get the Most Out of Your Retirement and Medical Benefits Author : Joseph L. Matthews Rating : 5 Stars out of 5. Summary : Great summary of the Social Security system!
This happens to be the best all-around book concerning the difficult subject of Social Security that I have read. Understandable and very well written. The sections regarding disability are filled with just the info I needed to know.
Title : Rich Dad's Retire Young, Retire Rich: How to Get Rich Quickly and Stay Rich Forever! (Rich Dad) Author : Robert T. Kiyosaki Rating : 5 Stars out of 5. Summary : The best "Rich Dad" yet!
I would recommend every book in Robert Kiyosaki's "Rich Dad" series to anyone, but this book is the best yet! Kiyosaki's writing style has settled down, and he has organised his thoughts into a clear, logical book, that, at long last, carries clear guidance on many of the topics that he has addressed in previous books. "More of the same"? well, yes, there is some repetition there, but since no author can expect every reader to read all his books in sequence there will always be a need to re-state the main principles. In any case, I don't see repetition of this kind as being anything but beneficial, as ultimately it helps to reinforce the message in my own mind. This book talks a great deal about leverage; all kinds of leverage; ways to improve your ability to create personal wealth. This book will help you to realise that your dreams ARE achievable and help you to organise your mind to achieve those dreams.
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