Dan Solin's The Smartest Investment Book You'll Ever Read, in clear and concise chapters, outlines a plan for investors to take control of their nest eggs well before they expect to withdraw from them.
When the market crashed in Fall 2008 and the Dow's downward spiral continued for weeks and months, countless investors on the verge of retirement found their nest eggs hollow. After years of what they believed was prudent investing, what did they do wrong? With retirement savings drastically depleted, what could they have done differently?
Dan Solin has the simple answers. Author of the international bestsellers The Smartest Investment Book You'll Ever Read and The Smartest 401(k) Book You'll Ever Read —books that fundamentally changed the way people invest —Solin returns to offer the concise and accessible advice that has made him one of AOL's and Huffington Post's most popular financial columnists. In The Smartest Retirement Book You'll Ever Read, Solin asserts that the state of the economy should have no bearing on anyone's financial security or the success of their retirement portfolio.
Solin tells investors what Wall Street does not want them to hear: Don't trust Wall Street.
Solin's advice, supported by several academics and researchers, calls for a diversified portfolio made up of domestic and international index funds and bonds —guaranteed, over the long term, to yield high returns —at costs that are much lower than actively managed, individual stock funds.
Solin's insights will ensure that investors:
- steer clear of scams that rob them of their hard-earning savings;
- avoid the common mistakes that can leave their spouses impoverished;
- discover financial lifelines no matter how desperate the economy;
- and become confident that their money will last longer than they do.
Read an Excerpt
Chapter 1
Deflating Inflation
Inflation is when you pay fifteen dollars for the ten-dollar
haircut you used to get for five dollars when you had hair.
— Sam Ewing, humorist
Retirees should be as concerned about investing their retirement
nest eggs as they are about withdrawing from them— the 2008
market crash exacerbated these concerns and makes this issue
even more critical.
Fortunately, Smart Investing before or during retirement is not difficult. While you'll hear lots of ballyhoo about the special investment
needs of retirees, the basic investment rules— the Smart Investing
rules— are the same for everyone, no matter what their age or stage of
their investing lives.
In Chapter 5 and Appendix B, I provide recommended portfolios
that will take the mystery out of this process. Before jumping in, we'll
review in the chapters ahead some basic investing principles you need
to understand.
Let's start with the most commonly overlooked one: inflation.
Read other books by Daniel Solin:
Read other books about retirement:
Read more...
