Review of How to Make Your Money Last

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Rating

9

Qualities

  • Well Structured
  • For Beginners
  • Applicable

Review

As the average lifespan increases, the risk of outliving your savings and income becomes a serious threat. Financial journalist Jane Bryant Quinn provides a clear, accessible guide to financial security in retirement. She astutely covers everything from strategies for claiming your Social Security to using annuities. She also offers wise counsel for making the psychological and emotional transitions from surviving as a previously gainfully employed worker now trying to thrive as a vital retiree.

About the Author

Jane Bryant Quinn is a leading commentator on personal finance. She is the author of the best-selling Making the Most of your Money NOW and Everyone’s Money Book.

 

After Work Ends

Quinn, a frequent commentator on personal finance, asks you: Free at last, but free for what? With life expectancies lengthening, today’s retirees face the risk of running out of money before they run out of time. Quinn makes clear that a new attitude toward money is in order: Your focus in the years before you retire, she asserts, should be on getting rid of debt and building your nest egg. After retiring, your priority is to create a lifetime income with your resources. “Whatever your situation,” the author writes, “happiness lies in letting go of the past. All that matters now is who you are in the moment.”

The task is actually simple, and it doesn’t require paying big fees to financial planners or advisers. Cutting back on your spending is likely to be an element of your future financial plan. The challenge of forging a new identity and place in society also looms large over the financial details of retirement.


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