This is a pretty good book for those people who are preparing to retire or achieve financial independence in the next 5 years. Written in 2007, it doesn’t have as many charts and equations as many “retirement” books, but it does include a great number of web links, and great advice on the social side of preparing for and moving into retirement.
One of the things I liked about it was that, instead of going through the numbers, the book first emphasizes creating the lifestyle you want to retire to. It is here in the first quarter of the book where it really shines out versus other books I’ve reviewed.
It first asks what I think is a key question you need to consider when pursuing financial independence. How do I want to spend my time in retirement? From there is goes on to offer advice on working (or not), volunteering, relocation and fitness/health. In each of these areas, the book provides a lot of useful links and places to seek additional guidance, while covering (in broad strokes) many of the key issues you need to consider. Just reading this first part will definitely leave you with a lot of questions you will need to answer before you can proceed.
The second part of the book covers “Money Mechanics” and provides much of the same information that many retirement books provide (saving for retirement, budgeting, social security, estate planning, etc.). Again, each chapter provides plenty of links and useful information, as well as charts and forms to fill out to determine the optimum way to handle your finances.
Finally, the book ends with some excellent success stories of recent retirees – how they set themselves up for success and what their new lives are like. It’s a great way to end the book with some motivation.
Overall, I think its an excellent book that should be part of anyone’s study who is thinking of moving on shortly. Grade 4 stars out of 5
Mr. 39 months