Money books that make great gifts
"The Little Book of Common
Sense Investing" by John Bogle. Written by the founder of
the Vanguard Group, this book argues that the dream of outperforming
the market is actually an illusion. Bogle recommends passive investing
as a simple time-tested investment strategy likely to earn the best
returns. For more about Bogle, read Bankrate's interview "Advice
from the index-fund mastermind."
"A Random Walk Down Wall Street" by Burton Malkiel.
Another classic overview of investing, it features an examination of all manner
of investment opportunities, from stocks and bonds to collectibles and homeownership.
"Malkiel gives readers an understanding of why it's
better to try to harness what the market does well, rather than
trying to beat it," Yeske says.
"Get A Life: You Don't Need a Million to Retire Well" by Ralph Warner.
This book promotes the idea of a fulfilling retirement through living well without running up expenses. Warner emphasizes the
importance of being engaged in community, keeping friends and family in your life, taking good care of yourself and remembering to play.
"Solving the Retirement Puzzle"
by Peter Lindquist. This book contains the personal stories
of 40 retirees and how they crafted fulfilling post-work lives.
Benton likes the book because it goes beyond mere finances and explores
other issues surrounding retirement.
"For many, retirement is actually moving to another stage of activity and self-realization," Benton says. "Emotional and spiritual
issues dominate and must be addressed."
In the book, Lindquist also argues that people who do not begin to address these questions during their latter working years are
unlikely to be successful during retirement.
"The Seven Stages of Money
Maturity" by George Kinder. An exploration of our inner
relationship with money, Kinder's book looks at how people seek
spiritual meaning in wealth and suggests tips for navigating seven
states: innocence, pain, knowledge, understanding, vigor, vision,
and aloha, you're on the road to financial security.
"What Color Is Your Parachute? For Retirement:
Planning Now for the Life You Want" by Richard Nelson Bolles and
John E. Nelson. Based on the original book that has helped
millions choose the right career, this sequel is intended to help
people of all ages plan better for retirement.
"At this stage of life, what really matters is (that) you have prepared yourself financially," Hughes said. "The book tends to
match lifestyle wishes to habits and connect a financial cost to them."
"On Your Own: A Widow's Passage to Emotional and Financial Well-Being" by Alexandra Armstrong and Mary Donahue.
by many of the financial professionals surveyed, this book provides an emotional and financial road map for the recently widowed.
The book argues that following the death of a spouse,
emotional healing and financial recovery are so closely related
that they cannot be separated. Financial planner Armstrong and psychologist
Donahue join forces to provide step-by-step instructions to emerging
from grief into a new life.
"The New Retirement" by Jan Cullinane and Cathy Fitzgerald.
As people live longer, the rules of a traditional retirement do not always
"Today, retirees are movers and shakers," says DeRose. "That's why they want to make sure that their money lasts, so they can do
all these wonderful things in the next chapter of their lives."
The book features lists of attractive retirement communities and sections on travel, second homes, and financial and tax information
relevant to today's retirees.