Best Books for Post Retirement

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Edify
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Best Books for Post Retirement

Post by Edify »

There are tons of books geared toward the accumulation phase of life. What book recommendations do you have for handling $$ in the post retirement phase of life?
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willthrill81
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Re: Best Books for Post Retirement

Post by willthrill81 »

Welcome to the forum! :D

Are you referring to books about determining how much to withdraw from one's portfolio or just managing money in general? I don't really see the need for such a book since all of that information is very well covered on this forum and the Wiki (linked at the top of the page).
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
Misenplace
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Re: Best Books for Post Retirement

Post by Misenplace »

Welcome to the forum! I can understand how having a book is convenient for those of us who prefer hard copy. There is a Bogleheads Guide to Retirement. The Wiki also has a reading list, and retirement is one of the sub categories.
See https://www.bogleheads.org/wiki/Books:_ ... nd_reviews
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arcticpineapplecorp.
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Re: Best Books for Post Retirement

Post by arcticpineapplecorp. »

haven't read it but there's Paul Merriman's "How to live it up without outliving your money! Getting the Most From Your Investments in Retirement"
https://www.google.com/search?client=fi ... your+money
It's "Stay" the course, not Stray the Course. Buy and Hold works. You should really try it sometime. Get a plan: www.bogleheads.org/wiki/Investment_policy_statement
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Taylor Larimore
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"The Bogleheads Guide to Retirement Planning"

Post by Taylor Larimore »

Edify:

Welcome to the Bogleheads Forum!

The four and one-half stars "Bogleheads Guide to Retirement Planning" is hard to beat. All royalties are donated to "The National Constitution Center" where Mr. Bogle was its first chairman. This is the Amazon link:

https://www.amazon.com/Bogleheads-Guide ... 0470919019

Best wishes.
Taylor
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"Simplicity is the master key to financial success." -- Jack Bogle
Topic Author
Edify
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Re: Best Books for Post Retirement

Post by Edify »

Thank you all. Much Obliged.
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WoodSpinner
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Re: Best Books for Post Retirement

Post by WoodSpinner »

Here aid one that I liked ....

Your Complete Guide to a Successful and Secure Retirement
by Amazon.com
Learn more: https://www.amazon.com/dp/0857197320/re ... UFb5BXD32C

WoodSpinner
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Robert The Bruce
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Re: Best Books for Post Retirement

Post by Robert The Bruce »

Here’s so that have been vetted on Bogleheads:

“How Much Can I Spend in Retirement?" by Wade Pfau
Google: pafu site:bogleheads.org
"Unveiling The Retirement Myth" by Jim Otar
Google: otar site:bogleheads.org
"Living Off Your Money" by Michael H McClung
Google: McClung site:bogleheads.org
"Retirement Portfolios: Theory, Construction, and Management" by Michael J. Zwecher
Google: Zwecher site:bogleheads.org
viewtopic.php?t=141270
And of course, Google: Spending retirement books site:bogleheads.org
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stan1
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Re: Best Books for Post Retirement

Post by stan1 »

I think one issue for post retirement is that it is a lot more specific to individual circumstances than accumulation. During accumulation it is easy to advise people to get their employer match in a 401K and save as much as they can. Withdrawal is a lot more personal so you may not find one size fits all advice.

You may find some broad generalizations such as 4% Safe Withdrawal Rate. It's a mistake to think something as broad as that would apply to everyone.
Broken Man 1999
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Re: Best Books for Post Retirement

Post by Broken Man 1999 »

The book by McClung is the best deep dIve you will find.

Very detailed source.

It might be considered pricey by some, but I think it is worth every penny.

Not a shallow, quick read.

Broken Man 1999
“If I cannot drink Bourbon and smoke cigars in Heaven then I shall not go. " -Mark Twain
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BroIceCream
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Re: Best Books for Post Retirement

Post by BroIceCream »

I found this introductory book helpful. I liked the ebook format.

Social Security Made Simple: Social Security Retirement Benefits and Related Planning Topics Explained in 100 Pages or Less
by Mike Piper
Learn more: amazon link
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GerryL
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Re: Best Books for Post Retirement

Post by GerryL »

I haven't seen anyone yet call out the Jane Bryant Quinn book How to Make Your Money Last.
mike@jb
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Re: Best Books for Post Retirement

Post by mike@jb »

GerryL wrote: Sat Nov 21, 2020 6:43 pm I haven't seen anyone yet call out the Jane Bryant Quinn book How to Make Your Money Last.
+1
palaheel
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Re: Best Books for Post Retirement

Post by palaheel »

Broken Man 1999 wrote: Sat Nov 21, 2020 4:33 pm The book by McClung is the best deep dIve you will find.

Very detailed source.

It might be considered pricey by some, but I think it is worth every penny.

Not a shallow, quick read.

Broken Man 1999
It is a deep dive. I would subtitle it "A Math Nerds Guide to Decumulation." He also has a nice spreadsheet to help with the number crunching.
Markets crash. Markets recover. Inflation takes your money FOREVER.
GreenLawn
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Re: Best Books for Post Retirement

Post by GreenLawn »

mike@jb wrote: Sat Nov 21, 2020 7:18 pm
GerryL wrote: Sat Nov 21, 2020 6:43 pm I haven't seen anyone yet call out the Jane Bryant Quinn book How to Make Your Money Last.
+1
Yes, great book. Reading it for the first time now. Not learning much as the material is covered well in this forum, but an excellent introduction to personal finance for retirees. Recommended for retirees who'd rather not spend countless hours, days, weeks, etc. reading this forum.
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beernutz
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Re: Best Books for Post Retirement

Post by beernutz »

WoodSpinner wrote: Fri Nov 20, 2020 8:09 pm Here aid one that I liked ....

Your Complete Guide to a Successful and Secure Retirement
by Amazon.com
Learn more: https://www.amazon.com/dp/0857197320/re ... UFb5BXD32C

WoodSpinner
I bought this one after reading the sample and I agree that it is very good.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. --Will Rogers
Tattarrattat
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Re: Best Books for Post Retirement

Post by Tattarrattat »

I read a bunch of these. I like the Otar and Quinn books. The Quinn book covers everything about retirement, the Otar book is very focused on withdrawls. My favorite by far is "Control Your Retirement Destiny" by Dana Anspach. Very well organized, good worksheets, very actionable, would be my first pick.
Jeff Albertson
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Re: Best Books for Post Retirement

Post by Jeff Albertson »

I would definately check out Bernstein's "The Ages of the Investor: A Critical Look at Life-cycle Investing (Investing for Adults Book 1) "
https://www.amazon.com/gp/product/B008C ... tkin_p1_i9
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Brianmcg321
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Re: Best Books for Post Retirement

Post by Brianmcg321 »

Rules to investing: | 1. Don't lose money. | 2. Don't forget rule number 1.
John Z
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Re: Best Books for Post Retirement

Post by John Z »

palaheel wrote: Sat Nov 21, 2020 8:04 pm
Broken Man 1999 wrote: Sat Nov 21, 2020 4:33 pm The book by McClung is the best deep dIve you will find.

Very detailed source.

It might be considered pricey by some, but I think it is worth every penny.

Not a shallow, quick read.

Broken Man 1999
It is a deep dive. I would subtitle it "A Math Nerds Guide to Decumulation." He also has a nice spreadsheet to help with the number crunching.
I think it's the best retirement reference book I've seen. I have a copy. You can preview it by going to
http://livingoffyourmoney.com/
Also, you can view the TofC and download the first 3 chapters free. Chapter 3 is one of the better chapters in the book and some number crunching comes in later chapters.
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