I found the chapters on social security and Medicare to be especially insightful. Mar 11, CBW Librarian rated it it was ok Shelves: nonfiction , finance , personal-finance , retirement. Probably better suited to people on the threshold of retirement. Worth taking another look at it down the road. May 11, Jay rated it really liked it Shelves: business. I happened to stop by my local Schwab office in February and the fellow watching the desk at lunchtime literally thrust the book at me, the only copy in sight in their office.
Those that know me know I never say no to a free book. And I have been reading a lot recently on personal finance matters. This one covers the world of personal finance by asking 50 questions. I found most applied to me or offered I happened to stop by my local Schwab office in February and the fellow watching the desk at lunchtime literally thrust the book at me, the only copy in sight in their office. Readers might wonder if this is a simple book or complex. And say a 10 would be an academic research paper.
The most complex book on the topic you might find in a mall book store would be like a 6. This one would be somewhere around a 4 — not as detailed as some other books out there, but it could serve as a good introduction.
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This covered the same topics as those books, but in a handful of pages, glossing over many of the issues that pop up but at least warning you they are there. This book took the tact of recommending calling the experts on topics that were very complex or that had dangerous pitfalls possible, like writing trust documents and dealing with estates for blended families. This surprised me initially, but is the correct way to deal with these topics given the level the book aims at.
It is a good to excellent review or survey of the topics for a US-based reader, and I will probably keep it around for reference for a while. Thanks Chuck! And Carrie! Sep 07, Joe Silber rated it really liked it Shelves: non-fiction. A pretty good overview of retirement-related finances. There's a lot of basic information that most people who are at all informed on retirement probably already know, but enough added detail to make it worthwhile anyway, at least to me.
There's probably not too much here that you couldn't find on the internet, but it's nice to have it all in one place in easy-to-read language. The book is divided up by topics phrased in the form of questions such as "Should I be debt-free before I retire" and A pretty good overview of retirement-related finances.
The book is divided up by topics phrased in the form of questions such as "Should I be debt-free before I retire" and "Does a reverse mortgage make sense" which allow you to easily skip over topics that are not of interest.
The Charles Schwab Guide to Finances After Fifty on Apple Books
There are a few minor plugs for Charles Schwab, but not enough to be overly irritating. A few useful bits that I got out of the book: 1 Roth k plans are a very cool option; look into them seriously if they are available to you 2 Unless you have unique health issues, get long term care insurance between age 50 and 65 to get the most value for your money 3 How much can I really expect to get out of Social Security? Nov 01, Karen Schnakenberg rated it liked it. This is an overall good overview, and there are a number of handy summary charts that should be useful as quick reminders of main ideas.
The scope is pretty comprehensive, and she does a good job of explaining basic concepts. The problem I have is that the approach is almost too even-handed. For example, she explains the differences between investing in index funds and actively managed funds, and as a strength of the managed funds indicates that they have the "potential" to outperform their inde This is an overall good overview, and there are a number of handy summary charts that should be useful as quick reminders of main ideas. In fact, she doesn't mention at all that there is any controversy regarding active vs passive funds.
Likewise with her discussion of annuities. These omissions makes it seem as though the choices are equivalent and that there is no particularly better option. That said, she does provide a good, solid overview that made me realize that I already understand many of the basics and probably need something more detailed and focused Feb 11, John rated it really liked it. Good information for retirement planning.
Nov 16, Garrett rated it really liked it. I picked up this book after Michele Singletary of the Washington Post mentioned it in a column. Although still a few years short of fifty, it provided me many tools and insight into planning steps, and having these in one comprehensive book with an index! An eye-opening suggestion was to budget for non-discretionary and discretionary items, which then lets you see where you are spending on necessities versus non-necessities. Or making a list of where your executor can find all y I picked up this book after Michele Singletary of the Washington Post mentioned it in a column.
Or making a list of where your executor can find all your financial documents, will and contacts. I will come back again and again to this resourceful book: it answers so many of your questions about financial planning. Sep 17, Pam rated it really liked it. This is excellent. It was recommended by Michele Singletary in the Washington Post a few weeks ago Although we are well, well beyond 50, the sections and presentation are fine, fine for reviewing what we've tackled to date, how we can expect the financial events of our lives to progress at this point and very very clear, jargon-le This is excellent.
Although we are well, well beyond 50, the sections and presentation are fine, fine for reviewing what we've tackled to date, how we can expect the financial events of our lives to progress at this point and very very clear, jargon-less or, at least, Jargon-well-defined explanations and guidance. Glad I have it in my library.
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Apr 22, Susan Robison rated it it was amazing Shelves: first-reads. I won this in a first reads contest and my husband and I are devouring it's useful information.
Although we have saved and invested well for our upcoming retirement, this book opened our eyes to things we hadn't even thought about needing to know! It is a must read for all 50 somethings, even those who think they have planned well. This advice will help you leave no stone unturned!
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This will probably be on my "currently reading" shelf forever because we will go back to it again and again as we p I won this in a first reads contest and my husband and I are devouring it's useful information. This will probably be on my "currently reading" shelf forever because we will go back to it again and again as we prepare for our long happy retirement of cruising and grand babies! Recommended Reading for those within 15 years of Retirement I was inspired to begin investing in my early 20's by a mentor. I took that advice and thankful for that wisdom shared with me now that I am closer to retirement age.
This book provided answers to numerous questions that arise during the final years of preparation. Our Mission is Your Education:. Since inception in , the non-profit AAII has helped over 2 million individuals build their investment wealth through programs of education, publications, software and grassroots meetings. Also Inside:. More on AAII. Metro Chapter. About AAII The American Association of Individual Investors is an independent, nonprofit corporation formed for the purpose of assisting individuals in becoming effective managers of their own assets through programs of education, information and research.
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