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The Smartest Retirement Book You'll Ever Read Hardcover – September 1, 2009
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Solin's previous entries in this series were clever, breezy guides to navigating through the financial morass without getting hurt... This new book gets into the basics of investment in context with the present economic scene, so reading the earlier volumes doesn't mean that you won't get anything out of this one.
...Solin casts his wise eye and sharp pen on other important subjects like reverse mortgages, age of social security distribution, prenuptial agreements for seniors, options and implications of delaying retirement...
The best thing that Solin brings to the party is his shrewd and skeptical approach to the art and science of investing. ...there's no question that his focus is on what's best for individuals, not institutions.
Throughout, Solin writes clearly with style and humor but stays on topic and doesn't bloviate or pontificate excessively. He includes a number of charts and other tools to figure out what to do with your money so it grows into the amount you will need to live on for the rest of your days."
--Richard Pachter, Miami Herald
"These two books are very different in format-Solin (The Smartest Investment Book You'll Ever Read) offers short chapters on a variety of retirement subjects, each concluding with a pithy summarization, while Jason (principal, Jackson, Grant Investment Advisers, Inc.) gives a more explanatory dissertation. But both are clearly written and easy to understand, tackling such topics as stocks, bonds, annuities, pensions, and cash withdrawal strategies (although Solin's book offers a handy section on care costs, Jason's does not). Jason's will be better for readers not as familiar with basic finance concepts, while Solin's may appeal to a more financially literate crowd."
About the Author
Dan Solin, a wealth advisor to high net worth investors and retirement plans for Buckingham Asset Management and The BAM ALLIANCE Director of Investor Advocacy, is the author of The Smartest Retirement Book You’ll Ever Read, Does Your Broker Owe You Money?, and the New York Times bestsellers The Smartest Investment Book You’ll Ever Readand The Smartest 401(k) Book You’ll Ever Read. His award-winning books have been widely praised by The New York Times, The Wall Street Journal, The Library Journal, and many financial writers, leading economists, and others.
Solin is one of the most popular financial bloggers on The Huffington Post. A frequent guest on national television and radio shows, Solin has addressed professional organizations of accountants, advisors and financial planners and has testified before Congress on investor issues.
Top Customer Reviews
Anyway, if you don't know what you're investing in nor why, then this is one of a few books I recommend reading before you start throwing money around. Oh yeah, each chapter is about two or three pages long, then ends with a highlighted "point". This is another negative from some reviewers but I really like it.
Solin stresses diversified investments in low-cost stock and bond index funds, where you determine the appropriate ratio according to your risk appetite. A suggested asset allocator is included in an appendix. He touts money market accounts over savings accounts for cash. He cautions against Variable and Equity-Indexed annuities that are hard to understand, although his supporting evidence is almost non-existent, his thesis is basically "Don't invest in these, they're bad." He talks about Social Security and pension pitfalls and astutely points out that there's no way to really know what the right age to take your SS benefits. He has some interesting discussion on nest egg withdrawal strategies, going beyond the 4% rule to more complex, market-based strategy. Also interesting is a strategy of leaving IRAs as inheritance, but informing your heirs to not cash in all at once, rather make minimum required annual withdrawals and allow compounding to continue to build the account. He discusses Long Term Care policies, setting up trusts, and estate planning as well.
Overall the book is a fine read.Read more ›
That said, I personally find that his books are best for those with little knowledge (or inclination toward further study) of the subject matter as the material presented is relatively basic.
This is not to say that if one followed the recommendations offered in the books that one would not be well served. Not at all...for I believe that the message is a good one and makes a great deal of sense.
However, for those looking for more in depth discussion of the subject matter covered, I believe there are more comprehensive books available.
Most Recent Customer Reviews
Lots of great info in an easy to read and compact format. Great for someone close to retirement or someone younger who wants some basic details.Published 14 days ago by ricky rocket