The list author says: "Investing for your retirement is something everyone should take seriously and you should start as soon as possible. You should start contributing to a IRA and 401(k) before you buy a house, buy your first new car, or start a family. The sooner you start, the faster your money will grow. Your retirement contributions should be the next priority after food, rent, and your safety fund.
We have a retirement crisis coming. Previous generations had the "Three Legged Stool", which included pensions, Social Security, and personal savings (IRA/401(k)s). Pensions are gone for all but government workers, and the Social Security system is on the brink of bankruptcy. Most Americans will depend on their IRAs and 401(k)s to pay for their rent and groceries in retirement. Implementing a plan now could make the difference between spending your golden years on the golf course or in poverty.
Many people have simply given up and resigned themselves to the idea that they will work until they die. Unfortunately, most people won't have that option. When we get older, we start to have more health problems and less energy. Many companies prefer younger employees. Look around your workplace. How many people over 60 do you see?
You should plan to have at least $1 Million saved for a comfortable retirement. Take how much you have saved and put it in a spreadsheet calculating an average return of 7% until age 65. Do you have enough? If not, it's time to get on it.
Most investors will do just fine in a good 60/40 Balanced Fund until you have $25K or more in your portfolio. Once you have significant savings built up, you should take it to the next level. These books will show you how. The most important thing is to start contributing as much as possible as soon as possible."
"This book is a little more advanced, but still accessible to the average person with no financial background. It explains important issues like asset allocation, rebalancing, managing risk, and portfolio theory."
"This book explains how 401(k) programs are designed to reduce costs for companies and to make money for Wall Street. The interests of the investor come in third. Don't use this as an excuse not to contribute to a 401(k), though. Instead, use the information in this book to find out how to lobby your company to improve their plan."
"This is the best book I have read about the financial crisis. It is written by people who predicted it years before it happened, and what we can expect to happen next. If you only read one book this year, this should be it."