Best retirement books according to redditors
We found 105 Reddit comments discussing the best retirement books. We ranked the 44 resulting products by number of redditors who mentioned them. Here are the top 20.
4. Early Retirement Extreme: A philosophical and practical guide to financial independence
3 mentions
I used to sell annuities as a broker, yes this is the main reason. You are better off investing in a Roth IRA or some other retirement account first, then - if possible when you retire - obtain a variable annuity with a principle/income protection (just in case the market crashes, but you get more dough when it goes up, than fixed).
Long story short, read Bogleheads Guide to Investing or Bogleheads Guide to Retirement; sources:
The Bogleheads' Guide to Investing https://www.amazon.com/dp/1118921283/ref=cm_sw_r_cp_api_d006Bb505YNH1
The Bogleheads' Guide to Retirement Planning https://www.amazon.com/dp/0470919019/ref=cm_sw_r_cp_api_z006Bb4QAZKBM
These two books are more than enough to give anyone the knowledge in terms of investing and retirement planning. Or just hit me up with questions, please note that I haven’t been licensed in almost a decade, because I had chosen not to renew my series 6 and 63. Anyway, I hope my post helps.
Edit: damn autocorrect.
I've had a lot of back-and-forth with /u/GraemeCPA on his book about FIRE, and I recently learned that it was out on Amazon. I haven't grabbed it yet, but Graeme has been a great contributor to the sub, and I wanted to make sure that people realized that this was out there.
I plan on checking it out and seeing if we can add it as a resource on the sidebar.
Building Wealth And Being Happy: A Practical Guide To Financial Independence
One of our subscribers, /u/graemecpa, has just finished a personal finance book. He was running a giveaway yesterday, but due to an apparent glitch in the RemindMe bot, many people missed the giveaway deadline.
So he's extended the promotion to today. Here's the link:Building Wealth And Being Happy: A Practical Guide To Financial Independence
My book Building Wealth and Being Happy: A Practical Guide to Financial Independence is free on Amazon today (e-book version, can read in your browser, android, kindle, etc)
For everyone concerned about the financial questions, I purchased this workbook from Amazon lately for a friend who received a terminal diagnosis. Working through the pages helped us make sure everything was addressed and helped give him some peace of mind. It may be worth it, if you're concerned about your own situation, to take a look.
Go to your local library and get The Executors Guide by NOLO Publishing it will tell you ever thing you need to know. It is also available on Amazon if your library does not have it.
https://www.amazon.com/Executors-Guide-Settling-Loved-Estate/dp/1413324800/ref=sr_1_1?ie=UTF8&qid=1543264204&sr=8-1&keywords=executors+guide
Find your fathers will if he had one.
Find any life insurance policies your father had.
If he was collecting social security call them and tell him he has died.
Call your fathers employer and tell him he has died.
Find any bank/investment accounts your father had.
Your mother is responible for any debts your father had if they were legaly married.
Don't let Funeral Directors talk you into an expensive casket and other add-ons that you cannot afford. If cremation is acceptable to you it can be a much cheaper option.
Here's the thing though -- the funds in the private retirement funds were virtual as well. Since the private funds were by law obliged to buy state bonds, then the money was flowing back into the central budget anyway. So the system was in fact functionally equivalent to the old system where everything was going through ZUS. The only "advantage" of the new system was that a private bank was getting a 7% (later 3.5%) commission on the transaction. All that while people were getting rallied up that ZUS wastes money for building palaces. The fun fact is that while ZUS does indeed waste money, their opex is 0.3% of the funds received, not 7% (3.5%).
The claim that OFE funds are your money was a lie invented by the AWS (now PIS) cabinet to sell people the reform. There are several court rulings to the effect that it's not your money and never was, so you cannot claim that it was stolen. Even funnier is the fact that the original OFE law did not even specify the mechanism for paying "your" money back to you. Really. Read it.
The whole OFE thing was a giant fraud. You don't have to believe me, there is a book written by a US economist which examines this in detail:
http://www.amazon.com/Privatizing-Pensions-Transnational-Campaign-Security-ebook/dp/B007Q08NM4/ref=mt_kindle?_encoding=UTF8&me=
At some point, it will make sense to cash out at least part of your ETH holdings into a diversified portfolio, so you're all set even if something terrible happens to ETH. When that time come, a great book is Work Less, Live More. Follow its advice, withdraw no more than 4% of your holdings per year, and you should be able to keep doing that for your whole life. The book also talks about finding a good balance of working in semi-retirement doing things you enjoy.
In case you end up flat-out wealthy with further ETH gains, see this comment by a guy who's made over $10 million as an app dev and seems to have a great perspective on dealing with it. He actually did buy a lambo and says it gets old after a while. The three things he says money is good for: freedom, saving time, and helping people.
It seems like everything I read from people who are under 40~ years old who claim to be FI consists of these people becoming entrepreneurs rather than actually becoming financially independent. I make good money in my career, but building a portfolio where 4% withdrawal covers my living expenses does seem like a far off goal. On the contrary, building up some "mostly passive" businesses seems very achievable.
This eBook in particular stuck out. I don't know how true the book actually is, but he pretty much goes from working as his sole income source, to making money from outsourcing and rental income.
Are you guys working on passive/side businesses in addition to your saving/investing goals? How much effort do you put into this versus career advancement, and what kind of businesses are you working on? Do you feel the time spent working on these projects has a return that outweighs working more hours, taking on a second job, or pursuing higher paying positions in your field?
Most of all: would you feel comfortable "retiring" off of this income even if your portfolio wasn't quite at the level you wanted it to be?
They're all a ripoff and the industry is filled with ignorant conmen. Most "financial planners" are quite literally just salesmen. They're selling you peace of mind at a high cost. They're trained and strongly encouraged to push products with high commission for them that make little economic sense for you.
Have you read the wiki over on /r/personalfinance? https://www.reddit.com/r/personalfinance/wiki/commontopics
Between that and something like a bogleheads book (https://www.amazon.com/gp/product/0470455578 for example) you should be able to get the information you need.
If you're sure you want to work with a financial planner you might look into fee-based financial advisers, you can search for those here:
http://www.napfa.org/
A cursory search on the fee-based adviser website linked above didn't turn up any CFP (certified financial planner) who was also CPA (certified public accountant) in the DC limits.
Good luck
Sounds like you're trapped by your house rather than your job, to be honest. And "trapped" is the wrong word as it's a decision you've made and something you've decided to prioritise. Which is okay! I like being a homeowner!
But you can choose to live differently too, you know; I'm not one to advocate escapist bullshit like running off to southeast asia or whatever, as I work a job I don't love too and would obviously rather work less. But I get paid rather a lot so that allows me to dwell on the positives rather than the negatives. And I have an exit plan which provides the that control and calm we all need, psychologically.
Pick your cliche - Mindset is everything; What you focus on becomes your reality; The grass is always greener. They are all basically true.
Anyway, suggest you read over the FAQ and sidebar links at /r/financialindependance (don't just jump into the threads read the curated stuff first). Or buy the excellent Building Wealth and Being Happy by /u/grahamcpa
Either will provide food for thought and may allow you to plan something that will make you happier either short or long term, rather than wishing your life away.
Let's start you with the basics:
The best page with information about setting up a 401(k) that I've seen:
And a recent thread or two:
Companies worth contacting:
The latter two are good if you can't get good index fund options for the price your employers are willing to pay with the first two companies. If you're under 250-500 employees, the latter two are probably better bets.
Finally, fund options. Please try to include at least the following funds with expense ratios below 0.25%:
For helping employees, you might want to bring in a fee-only CFP to do some training (with remote dial-in/video for remote employees) and provide some materials for future new employees. See what materials and training also come with the plan providers you'll be considering, but do not get a service that passes advisor costs onto employees. These seem to be really expensive (0.5% to 1%) and are a huge waste of money.
Beyond that, target date retirement funds are a good addition to the plan and very helpful to new investors, but make sure you get ones that are based on index funds like Vanguard Target Date funds and Fidelity Freedom Index funds. Many target date retirement funds are unfortunately based (wholly or partially) on actively managed funds and have higher expense ratios.
P.S. Matching is a great thing to provide to your employees. I personally like matching schedules that simply match some percentage (e.g., 50%) for every dollar contributed (rather than capping at some percentage), but I'm sure there are other opinions on this. Even if it is a small percentage, employees like to see it.
The Bogleheads' Guide to Retirement Planning This is a great book. It covers investing but goes heavy into retirement planning.
Something like this may help OP's dad organize the household accounts and it's not very expensive: [https://smile.amazon.com/Get-Together-Organize-Records-Family/dp/1413323154?_encoding=UTF8](
Get It Together: Organize Your Records So Your Family Won't Have To )
I'm not sure about a particular book, but here's an idea. At retirement by a big honking Single Premium Immediate Annuity (SPIA). Now all your money is spent and you've got a nice income for as long as you live.
I'm being a little facetious but I'm trying to illustrate that, with a little planning, it is possible to spend it all in a way that won't leave you fretting that it might run out.
Look for books that are geared towards retirement planning as opposed to accumulation.
Edit: I found this book by Steve Vernon a pretty good description of how to set up for retirement spending.
I think everyone should read the Bogleheads books to get a start on their retirement and investment planning. Both are easy to read and spell out the basics.
http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/0470067365/ref=sr_1_1?ie=UTF8&qid=1347920928&sr=8-1&keywords=bogleheads+guide+to+investing
and
http://www.amazon.com/The-Bogleheads-Guide-Retirement-Planning/dp/0470919019/ref=sr_1_2?ie=UTF8&qid=1347920928&sr=8-2&keywords=bogleheads+guide+to+investing
This one
I got it when it was free, haven't finished it yet. /u/GraemeCPA'/ writing is pretty good.
The answer is probably much more labyrinthine than that. In Florida, most of these retirement communities (there's more than 250 in the state) have their own local government that is effectively appointed by the developer. Some of them even get developer employees to run for the local county government, counting on the retirement community residents to elect them in, and the community's "newspaper" (run by the developer) helps shoo them in.
For most of the retirement community residents, if there's enough golfing opportunities in the community, they can ignore the rest of the world and stay happy.
Read Leisureville: Adventures in America's Retirement Utopias for an eye-opener.
http://www.amazon.com/dp/0871139812/
http://www.groveatlantic.com/grove/bin/wc.dll?groveproc~book~5288
On What to Read
Here are some suggestions on books and websites:
The Millionaire Next Door by Stanley and Danko - https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474
If You Can by William Bernstein - http://efficientfrontier.com/ef/0adhoc/2books.htm
Free version is here - https://www.dropbox.com/s/5tj8480ji58j00f/If%20You%20Can.pdf?dl=0
The Investor's Manifesto. Preparing for Prosperity, Armageddon, and Everything in Between by William Bernstein - https://www.amazon.com/Investors-Manifesto-Prosperity-Armageddon-Everything/dp/1118073762
The Bogleheads Guide to Investing - https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283
The Coffeehouse Investor - https://www.amazon.com/Coffeehouse-Investor-Wealth-Ignore-Street/dp/0976585707
The Bogleheads' Guide to Retirement Planning - https://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470455578
The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein - https://www.amazon.com/Four-Pillars-Investing-Building-Portfolio/dp/0071747052/
Total Money Makeover by Dave Ramsey - https://www.amazon.com/Total-Money-Makeover-Classic-Financial/dp/1595555277
Personal Finance for Dummies by Eric Tyson - https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859
Investing for Dummies by Eric Tyson - https://www.amazon.com/Investing-Dummies-Eric-Tyson/dp/1119320690/
The Millionaire Real Estate Investor per red-sfplus’s post (can confirm this is excellent) - https://www.amazon.com/Millionaire-Real-Estate-Investor/dp/0071446370/
For all the M.Ds on here and HNW individuals, you might want to check out https://www.whitecoatinvestor.com/ and his blog – found it to be very useful.
https://www.irs.gov/ or your government’s tax page. If you’ve been reading, you know that millionaires know more than your average bear about the tax code.
https://www.reddit.com/r/TheRedPill/comments/7vohb3/money/
https://www.reddit.com/r/TheRedPill/comments/3hzcvn/financial_advice_from_a_financier/
https://www.artofmanliness.com/2017/09/22/4-money-tips-4-personal-finance-legends/
Personal Finance Flowchart from their wiki - https://i.imgur.com/lSoUQr2.png
Additional Lists of Books:
https://www.bogleheads.org/wiki/Books:_recommendations_and_reviews
https://www.whitecoatinvestor.com/books-4/
Subreddits
https://www.reddit.com/r/investing/
https://www.reddit.com/r/personalfinance/ - I would highly encourage you to spend a half hour browsing their wiki - https://www.reddit.com/r/personalfinance/wiki/index and investing advice - https://www.reddit.com/r/personalfinance/wiki/investing
https://www.reddit.com/r/financialindependence/
https://www.reddit.com/r/SecurityAnalysis/
https://www.reddit.com/r/finance/
https://www.reddit.com/r/portfolios/
https://www.reddit.com/r/Bogleheads/
MRP References
https://www.reddit.com/r/marriedredpill/comments/40whjy/finally_talked_to_my_wife_about_our_finances_it/
https://www.reddit.com/r/marriedredpill/comments/67nxdu/finances_with_a_sahm/
https://www.reddit.com/r/marriedredpill/comments/488pa0/60_dod_week_6_finances/ (original)
https://www.reddit.com/r/marriedredpill/comments/6a6712/60_dod_week_6_finances/ (year 2)
https://www.reddit.com/r/marriedredpill/comments/3xw015/how_to_prepare_for_a_talk_about_finances/
https://www.reddit.com/r/marriedredpill/comments/30z704/taking_back_the_finances/
https://www.reddit.com/r/marriedredpill/comments/2uzukg/married_redpill_finances_and_money/
https://www.reddit.com/r/marriedredpill/comments/3637q5/some_thoughts_on_mrp_and_finances/
https://www.reddit.com/r/askMRP/comments/8dwaqt/best_practices_for_finances_within_marriage/
https://www.reddit.com/r/marriedredpill/comments/588e5o/gain_control_of_the_treasury/
Final Thoughts
There are already a lot of high net worth individuals on these subs (if you don’t believe me, look at the OYS for the past few months). This should be a review for most folks. The key points stay the same – have a plan, get out of the hole you are in, have a budget, do the right moves for wealth accumulation. Lead your family in your finances. Own it.
What are YOU doing to own your finances? Give some examples below.
https://www.huffingtonpost.com/entry/personal-proffitt-lemarchand-why-i-left-the-us-20-years-ago-and-why-i-wont-be-coming-back_us_5adf7407e4b07be4d4c57b26
The Grown-Up's Guide to Running Away from Home, Second Edition: Making a New Life Abroad https://www.amazon.com/dp/1580088732/ref=cm_sw_r_cp_api_i_Ioh5AbWJGNM7Q
That book, The Bogleheads Guide to Retirement Planning, and the forums and wiki at https://www.bogleheads.org/ are where I got my start in retirement investing.
For retirement: buy this book, read it, do what it says.
http://www.amazon.com/The-Bogleheads-Guide-Retirement-Planning/dp/0470919019
As for tax advantages, I recommend you consult an accountant. There may be deductions you can take.
Read this.
https://www.amazon.com/Self-Directed-IRA-Handbook-Authoritative/dp/061587343X
The ELI5 version is Mike Piper's "Can I Retire?": http://www.amazon.com/Can-Retire-Retirement-Savings-Explained/dp/0981454259/ref=sr_1_1?s=books&ie=UTF8&qid=1333578527&sr=1-1
The ELI.. high school student is the Boglehead's guide to retirement planning: http://www.amazon.com/The-Bogleheads-Guide-Retirement-Planning/dp/0470455578
The boglehead's wiki is also a great resource. Here's the entry on 401(k)'s: http://www.bogleheads.org/wiki/401%28k%29
As for investment advice, what you'll learn from those resources is simple: Invest passively, and minimize fees (in that order of importance, although one comes with the other). If you like, start a thread in /r/personalfinance showing what options are in your fund, message a link to me, and we can go through it and figure out what options you have. Unfortunately, many work 401(k)'s aren't that great, investment option wise. But they're still worth contributing to, because you can roll the money over into a real IRA and choose something better when you change jobs.
This book provides a good foundation - https://www.amazon.com/Bogleheads-Guide-Retirement-Planning-ebook/dp/B002QX44IS
Here's the conventional wisdom on what to choose from:
http://www.bogleheads.org/wiki/Prioritizing_investments
>+ Company plan (401k, 403b, etc.) up to the company match
Company match is a free guaranteed return. Usually this is quite generous.
>+ Health Savings Account, if eligible.
This is only if you have a high deductible health plan. That's an official IRS definition and your plan must specifically say it's a qualifying plan. Having high deductibles isn't enough.
>+ Roth IRA or deductible traditional IRA up to maximum contribution limit, depending on personal circumstances and eligibility.
If you think your taxes at retirement will be higher than now (remember that taxes are now at all-time lows) then go with the Roth plan. If you think your taxes at retirement will be lower than now (possible if your current income is high enough that you're a couple tax brackets up) then go with the Traditional IRA.
You can switch back and forth from year to year as circumstances change. It's helpful to have both taxable and non-taxable income available during retirement so one can stay in appropriately low tax brackets.
>+ Company plan up to maximum contribution limit
These are rare, but sure, it might offer some benefits over taxable accounts.
>+ Taxable investing
These are nice because they can be used pre-retirement if necessary. Plan for long-term investing and you can also get decent tax rates.
This is the book with details:
http://www.amazon.com/The-Bogleheads-Guide-Retirement-Planning/dp/0470919019
Boglehead's has a book specifically for retirement planning. This might be a good place to start if they are English speaking. If they are not English speaking, it will be up to you to educate yourself and then educate them. You can't force the knowledge on them, but you need to keep in mind that if they don't have enough money in retirement, they will likely be relying on you to support them. Maybe sitting down and talking to them about your concerns would be a good way to get them concerned as well.
First off; my warning is simply that it's true (there's a lot of anger), not that it's correct.
Secondly; I dont think it's as wrong to direct this anger at old people as you imply.
http://www.amazon.com/Leisureville-Adventures-Americas-Retirement-Utopias/dp/0871139812
Read the following two books to get started with investing and retirement:
The Boglehead's Guide to Investing: http://www.amazon.com/gp/product/0470067365?ie=UTF8&tag=diehardsorg-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0470067365
The Boglehead's Guide to Retirement Planning: http://www.amazon.com/gp/product/0470455578?ie=UTF8&tag=bogleheads.org-20&linkCode=as2&camp=1789&creative=390957&creativeASIN=0470455578
If you start now, and keep at it as hard as you can, you'll retire, completely financially independent, at 50. That's 15 years earlier than the American government says their citizens should retire, and even earlier than most people actually manage to retire.
And finally, live below your means. You can't save money if you financially strap yourself.
Roth-Solo 401k. It's a Solo 401k with a Roth Component. There are a lot of rules regarding prohibited transactions and self-dealing so you need to be careful. Very few accountants are familiar with these accounts and how they work. You will need to do a lot of research yourself. And there are some experts out there if you google around. But there is also a lot of gray area. I've talked to a bunch of different experts and gotten a different answer every time. So some of it will come down to your personal risk acceptance.
Here are some resources:
http://www.mysolo401k.net/
http://www.sensefinancial.com/
The Self Directed IRA Handbook by Mat Sorensen
Early Retirement Extreme by Jacob Lund Fisker http://earlyretirementextreme.com/ and his book is the most profound thing I've ever read for finances https://www.amazon.com/Early-Retirement-Extreme-philosophical-ebook/dp/B0046LU7H0/.
Bruce Sellery's new book about RRSP's is pretty good. Obviously there is nothing ground breaking but he's a good author and he helps readers figure things out in a practical way while covering some basic personal finance tips.
I suggest reading (re-reading?) Work Less, Live More. An excellent book that includes lots of great tips about making sure your life has meaning outside of work.
https://www.amazon.com/gp/product/1413307051
Highly Relevant! a friend of mine's father wrote this book on rational suicide. he plans to kill himself at 80. the book is ridiculously compelling and puts forth an entirely sound argument.
Two words: Index funds
Vanguard is the leader in providing reputable index funds with outrageously low fees. A lot of mutual funds will charge an expense ratio of 0.5% to 2%, which doesn't sound like a lot, but adds up big time in the long run. Vanguard's index fund expense ratios can be as low as 0.05% Considering that the bulk of managed mutual funds don't regularly beat the market, the index fund seems like the best bet for the everyday investor.
Set up an IRA, or an employee sponsored 401k, and begin putting in an affordable amount every month (dollar-cost averaging). Don't worry if the market is up or down, it all balances out in the end (timing the market is impossible for the average investor, and in the long run doesn't matter much anyways). Read up on bogleheads, check out r/investing, don't try to time the market, and remember that dollar-cost averaging is your friend.
Good question. The post important thing is starting early- due to the much discussed benefit of compound interest.
http://www.getrichslowly.org/blog/2006/05/23/how-compound-interest-favors-the-young/
Many people suggest saving 10-20% of gross income for retirement. It is important to contribute the maximum amount when someone else contributes/matches what you invest.
Three general rules of investing.
My favorite beginners book for investing is-
http://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470455578
Hello,
You're a young guy, so don't be so harsh on yourself.
Not wanting to go to college and spend a huge investment isn't the worst idea. If you don't think you will get much out of it, it might just run you into the hole. That's valid, but if you find something you want to do- even if it's a trade I would go for it if your family will pay.
Regardless: A large number of my friends have either never gone/dropped out of college. Many of them are doing just fine, it's just a matter of personal drive and work ethic. If you have a drive to work, you will make your way in the world.
But before you spend that money on books about money: Hold up.
I think investing and making money is something possible for you, but I think it would have to be done with your own money on income from your own job. I do not think many major finance companies will hire someone without a degree, but that doesn't mean you can't profit from investing. A single Vanguard account and a ROTH IRA can do you well if you're making money (it requires an income but investments are made after tax so it can grow tax free) and give you some personal experience with the subject.
Investing, I think for you, might be best started there and then worked out with caution moving forward. Don't rush into it, and don't spend a ton of money trying to get people to tell you how they think it works, because most of them can't even beat the s&p 500 over the longterm.
Those wealthy people we all see on tv, the ones that made it big: For each one of those there were a million people that fucked up and lost everything. My advice, from a lifetime of fucking up and holding things together with duct-tape blood and grit: Don't try to be like them. If it happens, it happens. If you find a passion and run with it and end up finding success, that's kickass, but trying to force something like that is often more about luck and circumstances.
Find a job you can tolerate, focus on your passions in the time between, and let life take you where it takes you. If you're interested in money/investing, here are some things I've read that really made a difference on my life.
Bogleheads is where I would recommend you look first for investing/money knowledge.
Early retirement extreme
is a book I read a few years ago. It shaped my thoughts on money right as I was transitioning from a low paying job to a slightly less low paying job, and since then I've thought about it all very differently.
Vanguard information
Fidelity information - Also low cost to investors like vanguard
More specifically FI-RE related things (Online sources that might not be relevant to you but contain a lot of very good advice on lifestyle and investing/personal views that are interesting to read)
MMM
Living a FI
JL Collins is great, I for one highly agree with his position on real estate.
OP might also enjoy Graeme Falco's book. Graeme is Canadian and a frequent contributor over at /r/financialindependence. I have yet to read it, but I have hear much good about it.
https://www.amazon.ca/Building-Wealth-Being-Happy-Independence-ebook/dp/B01MXRXM1A
Buy this book: http://www.amazon.com/The-Bogleheads-Guide-Retirement-Planning/dp/0470919019
Amazon seems to have a lot of recent books on the topic.
Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators (2015)
https://www.amazon.com/Family-Trusts-Beneficiaries-Protectors-Bloomberg/dp/1119118263
Executor's Guide, The: Settling a Loved One's Estate or Trust (2018)
https://www.amazon.com/Executors-Guide-Settling-Loved-Estate/dp/1413324800
Trustee's Legal Companion, The: A Step-by-Step Guide to Administering a Living Trust (2017)
https://www.amazon.com/Trustees-Legal-Companion-Step-Step/dp/1413323650
Plan Your Estate (2018)
https://www.amazon.com/Plan-Estate-Denis-Clifford-Attorney/dp/1413325114
Every Californian's Guide To Estate Planning: Wills, Trust & Everything Else (2018)
https://www.amazon.com/Every-Californians-Guide-Estate-Planning/dp/1413324681
Yeah, basically the goal is to try to reduce taxes in retirement by having social security, ROTH, and 401k savings to draw from.
This book gives a pretty good synopsis. In full disclosure my insurance agent gave me a copy to try to get me to buy variable life insurance. I don't really endorse that part. To be honest, I don't fully understand the ins and outs, but they have high fees and require some special structuring to get them to work as an investment. I have a 403b and a 457k, each with 18,500 max and a ROTH option for the 403b, on top of a employer compensation plan, so I gave plenty of levers for now.
https://www.amazon.com/Power-Zero-Bracket-Transform-Retirement/dp/0989000192
I've been in Singapore for 12 over years already. After spending 2 consecutive summers bouncing around South East Asia, I left the US permanently at age 33. I haven't looked back.
When i left, i thought it would be more fun to "live" in asia, and "visit" the US. After about 8 years, the visiting part started to feel like a waste of time. Confronted by a limited amount of time for leisure travel, I realised there are so many other interesting places to go and see in the world. How many times do i really need to come back to the US and go to In-N-Out?
Now my life is totally over here. My wife is Singaporean and we have no interest in going to the US. The flight is long and expensive. Accommodations are overpriced & kind of suck. Everyone wants a tip.
After 12 years, the shortcomings of the US have only become more acute, but that's just me. Happy to chat if you want to hit me with a DM.
Might consider reading this book. It helped me out a lot, but there are certainly many others:
The Grown-Up's Guide to Running Away from Home
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Don't pay off the house! The way inflation is going it is much better to pay your mortgage with future watered down dollars and you get to write off the interest in the mean time.
Go here http://www.bogleheads.org/forum/viewforum.php?f=1&sid=e7eb3112918c466c56250d9de7993c31 and they will help you figure it out.
2% is criminal unless you are about to retire you could get 5% in bonds and be completely safe. I made 24% last year just buying the market and my Fiance's finance guy got her 12% (due to fees). Paying people for financial management seems like a waste to me when you can educate yourself a bit and not pay fees.
Main things to understand are diversifiable risk, expenses ratio, stock/bond ratio, asset allocation, rebalancing, tax loss harvesting, and tax efficiency. If you knew about these things last year you would have made 24% instead of 2% because all I did was buy the market and add a little extra exposure to small and foreign companies.
This book might help http://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470919019/ref=sr_1_2?s=books&ie=UTF8&qid=1302800416&sr=1-2
Before paying someone, spend some time poking around on here. They also have a couple helpful books that sum everything up in layman's terms.
http://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore/dp/1118921283
Then
http://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470919019
Instead of hiring an adviser, why not learn what you need to know and do it yourself. I personally liked this approach:
http://www.amazon.com/Bogleheads-Guide-Retirement-Planning/dp/0470455578
Here you go.
Thanks! Is this it? https://www.amazon.ca/Essential-Retirement-Guide-Contrarians-Perspective/dp/1119111129
> Essential Retirement Guide by Fred Vettese
Thanks, this one, right? https://www.amazon.ca/Essential-Retirement-Guide-Contrarians-Perspective/dp/1119111129/ref=sr_1_1?ie=UTF8&qid=1509569427&sr=8-1&keywords=the+essential+retirement+guide
>One thing I did read about that seems to be a little less understood/known is that your home state might still continue to try to tax you.
How is that possible if you're not living or working there? But yeah, opening a P.O. Box "residence" in some no tax state would be a wise precaution. I'll definitely do it because I have zero intentions of paying my home state tax on Roth laddering. Thanks for that warning.
I've been reading the following books:
https://www.amazon.com/How-Retire-Overseas-Everything-Abroad/dp/0525538461/ref=sr_1_1?keywords=peddicord&qid=1566915295&s=gateway&sr=8-1
https://www.amazon.com/gp/product/B072ST7M1J/ref=dbs_a_def_rwt_bibl_vppi_i2
https://www.amazon.com/How-Buy-Real-Estate-Overseas/dp/1118518594/ref=olp_product_details?_encoding=UTF8&me=
Work Less Live More by Bob Clyatt.
http://www.amazon.com/Work-Less-Live-More-Semi-Retirement/dp/1413307051