Isn’t that a billion dollar question? At some point you will stop working and it will be time to live off of your savings and other income like Pension and Social Security payments. We all know this. But getting the equation right and keeping that monthly paycheck coming is a puzzle not all of us can crack with ease. In How to Make Your Money Last, Jane Bryant Quinn shows you how to get started with your savings and investment and keep that paycheck coming for decades after your retirement.
Jane Bryant Quinn is the author of the bestselling Making the Most of Your Money and Everyone’s Money Book. She writes regularly for Newsweek and Good Housekeeping.
How to Make Your Money Last: The Indispensable Retirement Guide
Author: Jane Bryant Quinn
Paperback: 384 pages
Publisher: Simon & Schuster; Reprint edition (January 10, 2017)
ISBN-10: 1476743770, 978-1476743776
How to Make Your Money Last Summary
Retirement planning is a complex subject. This complexity is further muddles by the number of financial products that are available and the conflicting advice of different financial planners. But the author believe, that if you stick to a few golden rules of investment, you can easily formulate a plan that will fund you retired life adequately fro decades.
This How-To book is not easy. But it is informative and follows a defensive investment strategy that is necessary when you are planning to invest your life-long savings for your retired life. The author begins with her philosophy of how much is really enough. Her message is when you live within you means, you will live happy. So finding out how much you need is the first step in planning any investments. Her use of Rightsizing than Downsizing promises that she is not asking yo to sacrifice a lot.
The author then dives into different sources of income after retirement and how you can use each of them optimally. For example, she argues why not accepting your Social Security payments int he first few years after retirement more beneficial later.
She compares various options like Life Insurance and when this type of investment is particularly useful. It may not be the right thing for your specific needs. She also looks at how investing in Mutual Funds can protect you against inflation and why there is not need to be afraid of the stock market. However, she also warns against believing in Financial Planners who earn through commissions and push specific funds. her philosophy of investing in Mutual Funds hinges on picking Index linked funds, which are more likely to give a stable performance than Manged Funds or industry specific Mutual Finds.
How To Make Your Money Last is a guide that you should read. The sooner you read it the better. However, it is a book that you must read if you are looking at retirement or have recently retired. The book discusses philosophy of financial management for retirees and suggests a balanced approach. She evaluates various options and tells the reader which will be most beneficial for a specific need.
How To Make Your Money Last Reviews
The book has received favorable reviews from most readers. Around eighty percent of readers on Goodreads agree that learned a lot of new things from the book and anyone near retirement should read this book.
“This book is certain to be a hugely valuable resource for readers, wherever they are on their personal financial timeline.” Publisher’s Weekly
Interview with Jane Bryant Quinn