Rating: Summary: NOT FOR EVERYONE! Review: This book makes financial planning over fifty sound so wonderfully simple and straight forward. However, as a counsellor both in business and life skills, I can assure you that many clients who sit across from my desk have no disposable income to plan or invest for their future. By the time they are fifty, many are no further ahead than they were twenty years ago and a good number are further behind. If you have been a single mother for the best part of your life, struggling just to pay the rent and put food on the table, "the working poor" with little or no child support, there IS nothing to "plan for your future." Your future consists of trying to survive day to day without any extras....period.The book may be of value to those privileged individuals who have been fortunate to have had a lucrative career or a savings account at the local bank, but the book is certainly not written for everyone. As one woman said to me, "financial advisors, insurance, estate planning...the only thing I can plan is my grocery list - which brand of mararoni and cheese is going to be on sale next week." In this case the book serves only as a constant reminder of what the individual does not, and may never have. While the book does have merit, it is not one I could recommend to everyone.
Rating: Summary: Simplistic but Good Review: This book might be too simplistic for savvy and experienced investors, but for those with less knowledge, it could be very helpful. Basic rules and guidelines are well explained and good, commonsense advice given.
Rating: Summary: Welcome Resource! Review: This is a book that everyone should have in their personal development library. Is it a great read or does it have cutting-edge insights? Probably, no. But wisdom is wisdom and doing what's right with your money is more a matter of principle than fancy strategy. If your strategy is too far removed from this book, then you're probably taking on far more risk than you should. I think that a lot more should have been written about wills and trusts for estate planning. That's an area that would have only taken another 10 pages, but would have completed the works and is something that everyone over 50 with bucks needs to know well.
Rating: Summary: For Baby Boomers: Should be titled You're 60, Now What? Review: This is a book that everyone should have in their personal development library. Is it a great read or does it have cutting-edge insights? Probably, no. But wisdom is wisdom and doing what's right with your money is more a matter of principle than fancy strategy. If your strategy is too far removed from this book, then you're probably taking on far more risk than you should. I think that a lot more should have been written about wills and trusts for estate planning. That's an area that would have only taken another 10 pages, but would have completed the works and is something that everyone over 50 with bucks needs to know well.
Rating: Summary: Save your time and your money Review: well, I was very disappointed with this book. Full of "fill in the blanks and do your own math" it really had no BIG ideas to glean. And I suppose I should not have been surprised that the underlying secret to retirement planning from Mr Schwab (who happens to be a guy who owns a stock brokerage business) is to be 90% invested in stocks FOR THE REST OF YOUR LIFE!!! Because you may live a very looooong time and you sure wouldn't want to OUTLIVE YOUR MONEY! The fill in the blanks forms were simplistic and the whole approach was nothing more nor less than you would learn when you meet with any run of the mill stock broker for the first time. A bunch a estimates and blanks to fill in and no ideas beyond staying fully invested. Crap. I truly expected and hoped for better... well, now I've got one to sell. And no, I did not fill in the blanks already.
Rating: Summary: Save your time and your money Review: well, I was very disappointed with this book. Full of "fill in the blanks and do your own math" it really had no BIG ideas to glean. And I suppose I should not have been surprised that the underlying secret to retirement planning from Mr Schwab (who happens to be a guy who owns a stock brokerage business) is to be 90% invested in stocks FOR THE REST OF YOUR LIFE!!! Because you may live a very looooong time and you sure wouldn't want to OUTLIVE YOUR MONEY! The fill in the blanks forms were simplistic and the whole approach was nothing more nor less than you would learn when you meet with any run of the mill stock broker for the first time. A bunch a estimates and blanks to fill in and no ideas beyond staying fully invested. Crap. I truly expected and hoped for better... well, now I've got one to sell. And no, I did not fill in the blanks already.
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