Most Helpful Customer Reviews
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3 of 3 people found the following review helpful:
4.0 out of 5 stars
Not too bad..., March 30, 2000
Don't be fooled by the title, the author spends a lot of the book explaining the realities of retirement. That is, we're living longer in retirement and not saving enough to meet the challenge that presents. Early retirement will take a determined effort and persistent savings to achieve. Just think about it, if you retire at 55 and expect to live to 90 you are talking about 35 years of living off your investments! The book is well written and even gives some good ideas of what towns you might want to consider for retirement living. Retirement, let alone early retirement presents a challenge for everyone, this book is a good place to begin thinking about the subject.
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2 of 2 people found the following review helpful:
4.0 out of 5 stars
A Good Read!, March 20, 2001
Joseph S. Coyle offers basic advice for people pondering retirement. The book outlines straightforward strategies for saving and investing, and urges investors to start early and to put as much as they can into 401(k) plans and IRAs. So much for the obvious. Coyle also offers specific and useful guidelines for buying mutual funds and allocating assets. He realistically presents issues you may face in retirement, such as the emotional difficulties involved in leaving a career and having enough money to support your lifestyle (so buy a bond instead of that snazzy watch). Some of the book's basic advice will seem redundant to sophisticated investors, but the more detailed information will intrigue even them. We at getAbstract recommend this book for anyone looking for guidance about saving and investing for retirement. [getAbstract note: The investment advice here - tax laws, stock markets, and what not - is extremely U.S.-oriented, although the lifestyle information is broadly applicable.]
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3.0 out of 5 stars
Should be called: "How to Retire Without Outliving Your Money", June 15, 2008
How to Retire Young and Rich was definitely a good read, providing much general information. It didn't focus on retiring at an age that I would call "young" or with an amount of wealth that I think would qualify you as "rich." He suggests that most retired people (in general of course) require about 80% of their pre-retirement income. While this is all well and good, I expect that most people who desire to retire "young and rich" are going to require more than 80% of their pre-retirement income to fund their new financially independent lifestyle.
He does have a couple worksheets in the book that help quantify the amount that you will want to retire on, and the amount you need to save in order to make that happen.
Besides the worksheets I mentioned above, the book seems to be more geared toward those closer to retirement (say, in their 40's or 50's), even suggesting the top 20 cities for retirees. Also, he appears to anticipate a retirement somewhere between 60 and 65, which I would not consider exceptionally young. Therefore, the title was not very well chosen and is a bit misleading. It is, nevertheless, a worthwhile read if you are interested in calculating ahead, are close to retirement, or just want to brush up on your options.
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