As you might imagine, I get lots of requests from publishers who want to send me a book to review on Free Money Finance. Of all the requests I get, I probably only bite on 25% of them (the ones I think I might be interested in.) And of those I request, I only end up writing about one in five (many have GREAT titles but their content is lacking).
Every once in a while I find a gem that I really like, and I'd put The Charles Schwab Guide to Finances After Fifty: Answers to Your Most Important Money Questions into this category. No, it wouldn't make it onto my shortlist of the best personal finance books ever but it might be good enough to make the expanded list of money books that can change your life. Yes, it's good.
Best of all, it's not just for people 50 and over. It's a question and answer format and many of the questions center around retirement. If 30-somethings read this book and applied its advice, they would be set in retirement and not have to face many of the issues those who haven't saved face.
At the beginning of the book the author lists what she calls "My Top Ten Recommendations for Every Age." These are money-related recommendations (of course) and they include:
1. Figure out your net worth.
2. Track your spending and make a budget.
3. Reduce your debt.
4. Create an emergency fund.
5. Determine if your retirement savings are on track.
6. Automate your finances.
7. Check in with your portfolio.
8. Review your insurance.
9. Create or update your estate plan.
10. Organize your records.
Love this list! It's very similar to my 30 steps to great finances. except that I go into a bit more detail (and 20 more items). :)
Anyway, I will be talking about this book off and on for a bit so I really just wanted to introduce it to you today. Let me know if you read (or have read) it and what you think of it.