115 of 121 people found the following review helpful
Coffee table reading - retirement 101,
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This review is from: Can I Retire?: How Much Money You Need to Retire and How to Manage Your Retirement Savings, Explained in 100 Pages or Less (Paperback)
Okay, it's sort of like what my parents use to say about how much you pay for something, "A lot of times you get what you pay for" That's kind of the situation here. 100 pages isn't a whole lot of room for information, so you shouldn't think that your going to get a lot of details on implementation of your retirement plan.
I would consider this coffee table reading for someone who has not even considered retirement; Retirement 101, This book will introduce you to the basic concepts and most of the things you need to consider. What you will not get is details. So if you are looking for a book to give you an introduction (ie the cliff notes) so you can have a general conversation with your spouse, or best friend, this may be good for you. If you are getting serous, and are a beginner, you should really consider the AARP retirement Survival Guide listed below.
I don't really want to beat up on the book to much, because it does give you a good 10,000 foot overview. Just remember, you are getting what you pay for here as far as the 100pages is concerned.
Here is a list of some of the books I have read in preparing for retirement, and a one-liner, and ranking for each. I will order them in the order I would read them:
1. The AARP Retirement Survival Guide: How to Make Smart Financial Decisions in Good Times and Bad (Julie Jason)
Summary:Real good overview and introduction to the many considerations for retirement.
2. Buckets of Money: How to Retire in Comfort and Safety (Raymond Lucia)
Summary: Interesting concept on planning for retirement. Although I'm not sure I will use the plan Raymond lays out here, I think the general concept is a real good idea on how to think about tapping your assets as you plan for retirement.
3. Annuities For Dummies (Kerry Pechter)
Summary: Great details on the highly complex subject of annuities, a critical tool for your retirement planning to alleviate longevity and market risk.
If you read the books above, I don't think there is a need for reading the books listed below since either they don't have the depth, or have already been covered in sufficient detail in the books above.
The Bogleheads' Guide to Retirement Planningg (Various Aurthors)
Summary: I think this book tries to cover a little to much, and as a result has topics that I don't think are appropriate for the retirement planning. Since the book attempts to cover so many topics, it really doesn't give real good details on any one topic. I think of this book, more as an executive summary for the various topics it covers.
Can I Retire? How Much Money You Need to Retire and How to Manage Your Retirement Savings, Explained in 100 Pages or Less (Mike Piper)
Summary: What do you expect for 100 pages? Although the author does seem to stay on-topic in this book, its just to broad to really give you any actionable information. Perhaps a decent book if you are just wading into the whole concept of retirement and don't want to put alot of thought into details(IE the big picture). This book does not answer the question it poses in the title.
Hope this helps
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Showing 1-4 of 4 posts in this discussion
Initial post: Jul 22, 2013 11:16:07 AM PDT
E. Johnston says:
Thank you. Your suggestions help a lot.
Posted on Oct 24, 2013 10:17:21 AM PDT
Henry Thierry says:
In reply to an earlier post on Oct 31, 2013 7:26:18 AM PDT
Older Doc says:
Henry, are you referring to the author of the book in question, or to Ray Lucia?
In reply to an earlier post on Apr 9, 2015 8:53:25 PM PDT
Code Wright says:
I'd like to make clear what Henry has not -- that Mike Piper, the author of this book, is not the subject of an SEC investigation. He's referring to Ray Lucia.
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