The Ultimate Retirement Guide for 50+: Winning Strategies to Make Your Money Last A Lifetime
by Suze Orman
4 stars
So, you have just turned 50. You’ve worked for decades, saving money away, planning for that special time that is retirement. Are you worried? Have I saved enough? Should I sale my house and live on a boat? What if I get sick? How can I make my money last? Suze Orman’s book provides a wealth of information on personal finance that can help guide you through the myriad of questions that comes with retirement. What will retirement look like? Suze tell us to plan for retirement to last twenty to thirty years and to have multiple streams of revenue to cope with the ever changing landscape of retirement. Then, using easy to understand language, she begins to explain the various types of investments – IRA, Roth IRA, stocks, bonds, and mutual funds. Orman just makes it easy! She talks about how taxes and adult children will affect our retirement accounts and I thought who thinks about that? She tells us to start laying out all the various pieces for retirement at age 50 to build a cohesive plan and she does counsel if all of this seems daunting to seek out a qualified financial planner. It’s not a crime to not understand. She calls us warriors! I love that she just brutally says, “Who cares about your money more than you do? The answer is no one. What happens to your money directly affects the quality of life” “The only way to conquer fear is through action” Her practical examples and stories from her own life are so interesting. Recommend!
Read alikes:
Retirement 101 by Michele Cagan, CPA
How to make your money last: the indispensable retirement guide by Jane Bryant Quinn.
Answers to 100 frequently asked questions about social security retirement benefits by John Weber
