Three years into retirement… Need a good read

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Dave C.
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Three years into retirement… Need a good read

Post by Dave C. » Fri Jun 09, 2017 6:15 pm

I did fine as a DIY investor during my accumulation years, but 3-years into retirement, I find distribution of my investments somewhat more challenging.

I have questions such as:
* retirement/ asset allocation
* Managing taxation
* Benefit of Roth conversions during lower tax bracket years
* How much cash to keep on hand for months and/or years of living expenses

I will bet a dollar some of you Bogleheads will have excellent recommendations for books by some of our favorite financial authors dealing with a variety of post-retirement financial issues. Thanks. :shock: 8-) :shock:
Easy does it/Live & Let Live/One day at a time. Thanks Bill.

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PhysicianOnFIRE
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Re: Three years into retirement… Need a good read

Post by PhysicianOnFIRE » Fri Jun 09, 2017 6:19 pm

Have you read The Bogleheads' Guide to Retirement Planning?

If you have more specific questions, ask away. Regarding cash on hand, there is an opportunity cost to a larger allocation that tends to outweighs the benefit of having it around to spend when markets drop, but keep as much as you need to feel comfortable.

:beer
-PoF

livesoft
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Re: Three years into retirement… Need a good read

Post by livesoft » Fri Jun 09, 2017 6:22 pm

And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
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John Z
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Re: Three years into retirement… Need a good read

Post by John Z » Fri Jun 09, 2017 7:52 pm

And McClung's Living Off Your Money. You can get the first 3 chapters free download:

http://livingoffyourmoney.com/

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Tycoon
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Re: Three years into retirement… Need a good read

Post by Tycoon » Fri Jun 09, 2017 7:57 pm

livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
...I might be just beginning | I might be near the end. Enya | | C'est la vie

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BL
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Re: Three years into retirement… Need a good read

Post by BL » Fri Jun 09, 2017 8:46 pm

Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
+1 She also contributes to the AARP website on occasion.

The Wizard
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Re: Three years into retirement… Need a good read

Post by The Wizard » Fri Jun 09, 2017 8:48 pm

Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
I didn't care for her bucket approach in that book.. I prefer a pension or annuities, including SS, to set a base income level in retirement...
Attempted new signature...

Fallible
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Re: Three years into retirement… Need a good read

Post by Fallible » Fri Jun 09, 2017 8:56 pm

BL wrote:
Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
+1 She also contributes to the AARP website on occasion.
I've read the book and will third the recommendation. Just about every aspect of retirement is covered well.
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rgs92
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Re: Three years into retirement… Need a good read

Post by rgs92 » Fri Jun 09, 2017 9:20 pm

Ah, just stay tuned to Bogleheads for the best common wisdom. Don't touch that dial.
(The crowd knows better than any one author.)

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Peter Foley
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Re: Three years into retirement… Need a good read

Post by Peter Foley » Fri Jun 09, 2017 9:36 pm

If your resources are tight, Jane Bryant Quinn's book is a good guide. It is true to its title. If you are looking more for asset allocation, SS benefits, taxes, Roth conversions etc. the Bogleheads' Guide to Retirement Planning is better. Based on the topics you listed, if I had to choose one to start with, it would be the BH Guide.

A couple big factors in retirement are withdrawal strategies and asset allocation "glide paths". The BH Wiki has a lot of information in these areas. There have been some good recent articles on these topics (last 2-3 years). Wade Pfau and Michael Kitces are two authors often cited.

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dwickenh
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Re: Three years into retirement… Need a good read

Post by dwickenh » Fri Jun 09, 2017 10:40 pm

Fallible wrote:
BL wrote:
Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
+1 She also contributes to the AARP website on occasion.
I've read the book and will third the recommendation. Just about every aspect of retirement is covered well.
Also read this one and loaned it to 2 new retirees- yet to get it back.
Good book to answer many of the early retirement questions.

Dan
The market is the most efficient mechanism anywhere in the world for transferring wealth from impatient people to patient people.” | — Warren Buffett

Vanguard Fan 1367
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Re: Three years into retirement… Need a good read

Post by Vanguard Fan 1367 » Fri Jun 09, 2017 10:49 pm

I got a lot out of The John Bogle Reader

frogmaster
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Re: Three years into retirement… Need a good read

Post by frogmaster » Sat Jun 10, 2017 1:01 pm

The Wizard wrote:
Tycoon wrote:
livesoft wrote:And Jane Bryant Quinn's How to Make Your Money Last is a good overview.
I'll second this recommendation. I'm reading it right now.
I didn't care for her bucket approach in that book.. I prefer a pension or annuities, including SS, to set a base income level in retirement...
Yeah this for me too :) 2 pensions, SS, 401k, IRA's (Traditional and Roth, about 50 / 50 split). Buckets are not right for me. :beer
Mr. Frog | :beer

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