Want a better retirement? Add these books to your reading list.

Do you want to make the most of the money you’ve saved for retirement, or do you want to maximize your benefits? There are many insightful books to shed light or offer alternative perspectives on all aspects of this next life chapter.

Retirement Tip of the Week: In preparation for the new year and all the money resolutions that come with it, pick up a book that discusses the best ways to save, invest, and build a solid retirement.

There are library shelves full of personal finance books, and some specifically focused on retirement. There are also other aspects to consider when planning or living in retirement, such as health care, where in the world you are living, and finding purpose.

While there are many wonderful options, here are just a few books to consider if you’re looking for a little more guidance (or a new angle) for your retirement.

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Saving and investing for retirement

Refund: Win the Game of Wealth by Walking” by Julien and Kiersten Saunders

The Saunders paid off $200,000 in debt in five years and have since quit their corporate jobs and become icons in the personal finance space. In their first book, they help Americans prioritize their goals at various career stages, discuss why you might not feel ready for financial freedom (and why that’s okay), and share practical strategies for achieving your goals.

“Broke Millennial” by Erin Lowry

This book doesn’t focus entirely on saving for retirement, but it encourages young workers to put money away for the future and offers suggestions on how to do so through contributions and investment options. Lowry also emphasizes why it’s so important for younger generations to start investing early for retirement, especially because of the power of compound interest.

Money Management in Retirement

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Retirement Planning Guide: Navigating Important Decisions for Retirement Success” by Wade Pfau

Retirement income planning, which focuses on how best to use your assets and benefits in retirement, is just as important as the decades it takes to save for the future. Pfau, who has several books on retirement planning, has created this comprehensive guide to making key decisions, both financial and non-financial, for retirement.

Read: You don’t need retirement savings, you need retirement income

How to make your money last: The Indispensable Retirement Guide” by Jane Bryant Quinn

Running out of money is a major concern for many Americans, and Quinn addresses that nightmare scenario in this book. The author helps readers understand the best ways to create a steady income from their savings and various decisions for savings, investments, home equity and beyond.

The new retirement: Plan Your Life and Live Your Dreams…at Any Age You Want” by Mitch Anthony

Now in its fifth edition, this book is about finding purpose in retirement and working with what you have in this chapter to enjoy your life. The author also includes worksheets for getting organized with money.

Want more practical tips for your retirement savings journey? Read MarketWatch “Retirement Hacks” column

Early retirement and financial independence

The Easy Way to Wealth: Your Roadmap to Financial Independence and a Rich and Free Life” by JL Collins

This book delves into financial independence, exploring debt, investing in the stock market, traditional and non-traditional financial advice, understanding all retirement savings account options, and why you need “F-you Money.” The message seems to resonate with readers – it has 4.5 out of 5 stars with over 8,600 reviews on Amazon.

Optional Work: Retire Early in the Penny Pinching Way” by Tanja Hester

Hester has become an expert and spokesperson in the financial independence space, and she did so first by accomplishing the feat herself. In this book, the author breaks down how to create an early retirement plan, budget for future expenses you can’t expect, weather turbulent times in the economy, and do it all without cutting your expenses to nothing.

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Leave like a millionaire: No Tricks, Luck or Trust Fund Required” by Kristy Shen and Bryce Leung

Shen retired at age 31 with a million dollars and in this book, she shares how she did it using investment savvy. This book, which has received a 4.5 out of 5 star rating on Amazon with nearly 1,800 reviews, is what the authors call a “no-bullshit guide to growing your wealth, retiring early, and living your own life.”

Retirement lifestyle

Keys to a successful retirement: Stay Happy, Active and Productive in Your Retirement Years” by Fritz Gilbert

Retirement isn’t just about money, it’s also about living a life you love. Gilbert is an expert at this, and in his book he shares several ways to plan for and take advantage of your retirement lifestyle, as well as how to make your transition. This book is best for people who are five years before or since their retirement date, it says in its description.

How to retire abroad: Everything you need to know to live well (for less) abroad” by Kathleen Peddicord

Many Americans dream of leaving the country to retire on a Caribbean beach or in a quaint European city, but there are many crucial factors to consider before doing so, such as how to store your money wisely, what health coverage you’ll need, and living within of your budget. Peddicord and her husband have lived overseas for decades, and in her book, she shares tips for finding housing and medical care, as well as understanding taxes and banking before packing.

Social Security

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Get what’s yours: The Secrets to Maxing Out Your Social Security” by Laurence Kotlikoff, Philip Moeller, and Paul Solman

Claiming Social Security can feel overwhelming when you’re faced with all the options: Do you claim as soon as possible at age 62 or try to wait until age 70? How will that decision affect your health, life expectancy and investment portfolio? Where does your spouse and benefits fit in? In this book, the authors explain several strategies for overcoming this potentially stressful situation.

Social Security: Simple and Smart” by Tom Margenau

The author breaks down the myths and misconceptions of Social Security, and offers 10 fact sheets on benefits, including disability benefits, pension compensation, child benefits and what widows and widowers should know.

Health and Medicare

Get what’s yours: Maximize Your Coverage, Minimize Your Costs” by Philip Moeller

As with his Social Security book, the author breaks down the often complicated world of Medicare and explains what you should consider when deciding on your health insurance plan. He also talks about some of the finer nuances of the system, like the appeals process for denied claims and what to do if you’re eligible for Medicare but still working.

10 Costly Medicare Mistakes You Can’t Afford to Do” by Danielle Roberts

Decisions around Medicare can be complicated: Beneficiaries must sift through numerous plans to ensure that their preferred doctors and necessary prescriptions are covered. The wrong decision, or unknowingly missing a deadline, can be quite expensive in the long run. In this book, the author shares pitfalls and penalties to avoid and resources to make the best decision for your health.

Do you have questions about retirement, Social Security, where to live or how to pay for it? Write to [email protected] and we may use your question in a future story.


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