Daniel Solin who writes great books teaching us how to invest despite what the brokers and other “experts” sell us has done it again with his latest book for people who will one day retire or are retired (that would be everyone) – here is the review:
Title and Author: The Smartest Retirement Book You’ll Ever Read by Daniel R. Solin
Synopsis of Content:
Solin does it again – taking complex and difficult investment information and reducing it to a simple discussion that anyone can understand. Solin teaches the reader at a very fundamental level what to do and what not to do when investing in stocks and bonds as well as how to manage cash and other securities both in preparation for retirement and during retirement. He adds a chapter on stretching your money and other tips on how to survive financially if things get tight.
His explanations of social security, pensions, annuities and other retirement devices are right on point and again easy to understand. Each chapter ends with a simple single sentence that sums it all up. The chapters are short and well organized touching on only one major subject.
In the last chapters he warns about people scamming elders, long term care costs and insurance, and some tips on how to set up one’s estate. Finally he provides his Ten Golden Rules which summarize the book and then a good bibliography for further reading.
This book is a hit. It is easy to understand whether you are a sophisticated investor or a total novice. It is a great book for anyone whether you are preparing for retirement, contemplating it soon or in retirement itself.
This is easy to read. It is well organized. Each chapter ends with a “What’s The Point” summary in one sentence. Chapters focus on only one subject making them easy to understand.
Notes on Author:
Daniel R. Solin is a leading securities arbitration lawyer and a registered Investment Adviser. He has testified before Congress and appeared on major television business news magazines. He has written two previous and equally good books that are friendly to the unsophisticated investor: Does Your Broker Owe You Money and The Smartest Investment Book You’ll Ever Read. He has also published a book called The Smartest 401(k) Book You’ll Ever Read. Solin is financial columnist for AOL. He is a financial blogger on the Huffington Post.
See: http://www.smartestinvestmentbook.com his website .
See: http://www.huffingtonpost.com/dan-solin his blog.
Three Great Ideas You Can Use:
1. If you have an account with a brokerage firm, close it. Use a fiduciary instead.
2. Never buy individual stocks or bonds except for T Bills.
9. Keep funds sufficient to meet two years of living expenses in an FDIC-insured savings account, certificate of deposit, Treasury bills, or a money market fund from a major fund family.
If you want to read Golden Rules 3-8 and 10 get the book – they were worth it.
The Smartest Retirement Book You’ll Ever Read by Daniel R. Solin
©2009 by Daniel R. Solin
Published by Penguin Group, NY, NY.
Disclosure: the author of this review has no financial or other relationship with the author or the publisher not was this review compensated other than that the publisher provided a copy of the book to review.
Rating for this Book:
Overall Rating: Excellent
Writing Style: Easy and well organized
Application: Very practical and up to date.
Technical Difficulty: Easy
Daniel R. Murphy
Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.