Investing for Retirement

A Listmania! list by Sharky "Sharky" (San Jose, CA)
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."
How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn
1.  How a Second Grader Beats Wall Street: Golden Rules Any Investor Can Learn by Allan S. Roth
The list author says:
  "This is a short book and a very easy read with lots of good advice on setting up your core portfolio. Start here."
$11.06   Used & New from: $8.09
4.5 out of 5 stars  See all reviews (57 customer reviews)

The Four Pillars of Investing: Lessons for Building a Winning Portfolio
2.  The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William J. Bernstein
The list author says:
  "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."
Used & New from: $3.63
4.6 out of 5 stars  See all reviews (115 customer reviews)

See buying options
Stop the Retirement Rip-off: How to Avoid Hidden Fees and Keep More of Your Money
3.  Stop the Retirement Rip-off: How to Avoid Hidden Fees and Keep More of Your Money by David B. Loeper
The list author says:
  "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."
$13.78   Used & New from: $0.01
3.3 out of 5 stars  See all reviews (7 customer reviews)

The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, or Sideways
4.  The Little Book of Bull Moves, Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, or Sideways by Peter D. Schiff
The list author says:
  "This book explains how our elected representatives have mismanaged the economy for decades, the events that lead up to the financial crisis, and how to protect your portfolio in the years ahead."
$14.65   Used & New from: $4.99
3.6 out of 5 stars  See all reviews (14 customer reviews)

The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
5.  The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets by John A. Rubino
The list author says:
  "This is a good book that explains how you will be affected by the weakness in the US Dollar, and how to invest to take advantage of it."
$12.46   Used & New from: $2.13
4.1 out of 5 stars  See all reviews (38 customer reviews) | 1 customer discussion

Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
6.  Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown by David Wiedemer
The list author says:
  "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."
Used & New from: $0.01
3.8 out of 5 stars  See all reviews (170 customer reviews) | 2 customer discussions

See buying options

More Actions

Discover more about this author
 See all of their Listmania! lists
Make your own list
 Create a Listmania! list
View your page on Amazon.com
 Go to Your Profile page

Customer Discussions about products in this list  
   

About this Listmania!

 

Author

Sharky "Sharky" (San Jose, CA)
Qualifications: Reader, investor
Last updated: 2/5/11
Report abuse
    

More Listmania!

 

Financial Crisis, Inflation, Economic Disaster, Survival Financial Crisis, Inflation, Economic Disaster, Survival

Financial Crisis, Inflation, Economic Disaster, Survival: A list of 20 items by Joy Brown "joy_sf"

Proper Investing (passive indexing) and Financial Planning Proper Investing (passive indexing) and Financial Planning

Proper Investing (passive indexing) and Financial Planning: A list of 20 items by Jeffrey Broadhurst "A Fee-Only Financial Advisor"

Justin's Favorite Books Justin's Favorite Books

Justin's Favorite Books: A list of 20 items by J. Loy

Bill Pflum's Favorite Investment Books Bill Pflum's Favorite Investment Books

Bill Pflum's Favorite Investment Books: A list of 40 items by William J. Pflum

Financial Guidance Financial Guidance

Financial Guidance: A list of 26 items by Natasha

   

More So You'd Like to...

 

Have Financial Guidance Have Financial Guidance

Have Financial Guidance: A guide of 25 items by Natasha