Top 11 Best Retirement Planning Books

What is Retirement Planning?

Retirement planning is the process of figuring out how much money you will need to live comfortably after you retire. It includes estimating your future expenses and income and then saving and investing accordingly. There are many different ways to approach retirement planning, but the most important thing is to start as early as possible. The sooner you begin saving and investing, the more time your money has to grow.

Retirement planning is not a one-time event, but rather it’s an ongoing process that should be revisited as your life circumstances change. For example, you may need to adjust your retirement plan if you have children or experience a major life event such as a job loss or illness.

What Are the Different Ways to Approach Retirement Planning?

There are many different ways to approach retirement planning. Some people choose to do it themselves, while others work with a financial advisor. The most important thing is to find a method that works for you and makes you comfortable. Retirement planning is not a one-size-fits-all process, so find a method that fits your individual needs and circumstances.

Here are a few different ways to approach retirement planning:

Do-it-Yourself Retirement Planning:

If you’re comfortable handling your own finances, you may want to do your own retirement planning. This can be a good option if you’re on a tight budget and don’t want to pay for professional help.

There are many Retirement Planning books and websites that can give you the information you need to get started. Be sure to do your research and understand all of the different options before making any decisions.

Working with a Financial Advisor:

If you’re not comfortable handling your own finances, you may want to work with a financial advisor. A financial advisor can help you create a retirement plan that fits your individual needs and circumstances.

Advisors can also provide guidance and support if you have questions or run into problems along the way. However, these services come at a cost, so be sure to factor that into your decision.

If you’re not sure where to start, there are many resources available to help you with retirement planning. You can find Retirement Planning books in bookstores such as the list that we created below. The most important thing is to get started and make a plan!

by Suze Orman

Retirement today is more complex than ever before. It is most definitely not your par­ents’ retirement. You will have to make deci­sions that weren’t even part of the picture a generation ago. Without a clear-cut path to manage the money you’ve saved, you may feel like you’re all on your own. Except you’re not—because Suze Orman has your back.

Suze is America’s most recognized per­sonal finance expert for a reason. She’s been dispensing actionable advice for years to people seeking financial security. Now, in The Ultimate Retirement Guide for 50+, she gives you the no-nonsense advice and practical tools you need to plan wisely for your retirement in today’s ever-changing landscape. You’ll find new rules for downsizing, spending wisely, delaying Social Security benefits, and more-starting where you are right now.

Suze knows money decisions are never just about money. She understands your hopes, your fears, your wishes, and your desires for your own life as well as for your loved ones. She will guide you on how to let go of regret and fear, and with her unparal­leled knowledge and unique empathy, she will reveal practical and personal steps so you can always live your Ultimate Retirement life.

by Matthew Krantz

Advice and guidance on planning for retirement

Retirement Planning For Dummies is a one-stop resource to get up to speed on the critical steps needed to ensure you spend your golden years living in the lap of luxury―or at least in the comfort of your own home. 

When attempting to plan for retirement, web searching alone can cause you more headaches than answers, leaving many to feel overwhelmed and defeated. This book takes the guesswork out of the subject and guides readers while they plan the largest financial obligation of their life.

  • Take stock of your finances  
  • Proactively plan for your financial future
  • Seek the help of professionals or go it alone
  • Use online tools to make retirement planning easier

Whether you’re just starting out with a 401(k) or you’re a seasoned vet with retirement in your near future, this book helps younger and older generations alike how to plan their retirement.

by Wade Donald Pfau

Two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first, diverge on the critical issue of where a retirement plan is best served: in the risk/reward trade-offs of a diversified and aggressive investment portfolio that relies primarily on the stock market, or in the contractual protections of insurance products that integrate the power of risk pooling and actuarial science alongside investments. The probability-based approach is generally better understood by the public. It advocates using an aggressive investment portfolio with a large allocation to stocks to meet retirement goals. My earlier book How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Strategies provides an extensive investigation of probability-based approaches. But this investments-only attitude is not the optimal way to build a retirement income plan. There are pitfalls in retirement that we are less familiar with during the accumulation years. The nature of risk changes. Longevity risk is the possibility of living longer than planned, which could mean not having resources to maintain the retiree’s standard of living. And once retirement distributions begin, market downturns in the early years can disproportionately harm retirement sustainability. This is sequence-of-returns risk, and it acts to amplify the impacts of market volatility in retirement. Traditional wealth management is not equipped to handle these new risks in a fulfilling way. 

by Larry Swedroe, Kevin Grogan

This is your one-stop, definitive resource as you prepare for a secure and comfortable retirement.

Investment and personal finance experts Larry Swedroe and Kevin Grogan present uniquely comprehensive coverage of every important aspect you need to think about as you approach retirement, including: Social Security, Medicare, investment planning strategy, portfolio maintenance, preparing your heirs, retirement issues faced by women, the threat of elder financial abuse, going beyond financials to think about your happiness, and much more.

These topics are explained with the help of specialists in each subject. And everything is based on the “science of investing” – evidenced with studies from peer-reviewed journals. Overall, this adds up to a complete retirement guide, packed with the latest and best knowledge. Don’t enter your retirement without it.

by Ernie J. Zelinski

How to Retire Happy, Wild, and Free offers inspirational advice on how to enjoy life to its fullest. The key to achieving an active and satisfying retirement involves a great deal more than having adequate financial resources; it also encompasses all other aspects of life — interesting leisure activities, creative pursuits, physical well-being, mental well-being, and solid social support.

World-class author and innovator Ernie J. Zelinski guides you to:

  • Gain courage to take early retirement; in fact, the earlier the better.
  • Put money in proper perspective so that you don’t need a million dollars to retire.
  • Generate purpose in your retirement life with meaningful creative pursuits.
  • Follow your dreams instead of someone else’s.
  • Take charge of your mental, physical, and spiritual health.
  • Better envision you retirement goals — including where you want to live.
  • Above all, make you retirement years the best time of your life.

What sets this retirement book apart from all the others is its holistic approach to the fears, hopes, and dreams that people have about retirement. This international bestseller (over 110,000 copies sold in its first edition) goes way beyond the numbers that is often the main focus of retirement planning in most retirement books.

by Emily Guy Birken

Even though half of all Americans put money aside for retirement, it isn’t until they reach their 60s that many realize that they haven’t saved enough. With The Five Years Before You Retire, you’ll hone in on what you need to do in the next five years to maximize your current savings and create a realistic plan for your future. This book guides you through each financial, medical, and familial decision, from taking advantage of the employer match your company offers for your 401(k) program to enrolling in Medicare to discussing housing options with your family. Covering every aspect of retirement planning, these straightforward strategies explain in detail how you can make the most of your last few years in the workforce and prepare for the future you’ve always wanted.

Whether you just started devising a plan or have been saving since your first job, The Five Years Before You Retire will show you what you need to do now to ensure that you live comfortably for years to come.

by Napoleon Robbins

Recession! That word strikes fear in the heart of the retired person. With this book, you will fear no more.
This book not only teaches you how to survive a recession, but you will learn how to actually profit from one. With wit and wisdom, you will learn how to properly prepare for a recession, how to handle your investments during the recession, and exactly what to invest in as the recession ends.
Napoleon Robbins has been a financial advisor to some of the richest families in the world. Now you can get his expertise for the price of this book.

The Best Is Yet To Be: Discovering the Secret to a Creative, Happy Retirement

What do you do when you want to retire, but the numbers don’t add up?
What if you want to work longer, but your company forces you out—with a buyout if you’re lucky?
What if family or physical issues push you to an unwanted early retirement?

When college professor Mike Bellah took an early buyout, he expected the golden years to live up to the carefree, happy times pictured in magazine ads. But, within weeks, the reality of lost identity and limited funds left him panicked and depressed. In The Best Is Yet to Be, Dr. Bellah uses extensive research, personal narrative and real-time blogs to explain how he got his hope back, and, with it, discovered the secret to a happy retirement.

by Todd R. Tresidder

Most so-called “experts” plug your numbers into a retirement formula to tell you how much money you need to retire. Unfortunately, the conventional approach is fundamentally flawed. If you fail to learn how retirement savings truly works, then you’ll either underspend and be miserable or overspend and run out of money.

How Much Money Do I Need to Retire takes you beyond the scientific facade of modern retirement planning. Author and former hedge fund manager Todd R. Tresidder has helped thousands of people find financial freedom through his website and podcast. Now you too can use his advice to take the guesswork out of your retirement planning.

In this book, you’ll learn:

  • Why the best way to describe most retirement estimates is garbage-in/garbage-out
  • The five critical assumptions that can destroy your financial security
  • How to reduce the amount you need to retire by as much as $600,000
  • Three strategies to maximize spending today while protecting for the future
  • How to calculate the amount of money you really need to retire on the first try without software, online calculators, or being a math genius

by Rachel Richards

Two million dollars.

That’s how much money anyone under age 40 will need to accumulate to retire. That often means working 40-hour-weeks and penny-pinching your whole life. How else could you save a cool $2 mil?

Finance guru, former financial advisor, and Amazon bestselling author of Money Honey, Rachel Richards has one goal in mind: teaching you everything you need to know to become financially free earlier than you ever thought possible. At age 27, Rachel quit her job and retired, living off $10,000+ per month in passive income streams. Let her show you how to do it at any age–it’s never too late.

What is passive income? Passive income is earned with little to no ongoing work. It’s no get-rich-quick scheme, but once your passive income exceeds your expenses, you are set for life.

by Gail M. McDonald and Marilyn L. Bushey

It’s time to break the retirement mold and do retirement your way. Whether you want to keep working beyond the traditional retirement years, enjoy a classic retirement playing golf and bridge, go back to school, or start a business, this book offers a clear 7-step roadmap to help you get there and enjoy the journey. Design your dream Next Chapter, using all this book has to off er:•6 lifestyle categories to stimulate your own ideas•7 essential steps to discover and forge the right path for you•Over 50 inspiring personal stories•Conversation starters to spark candid discussions•Evidenced-based practices to increase your longevity, vitality, and more!Packed with practical guidance, useful research, and inspiring stories, Retirement Your Way will motivate you to let go of your stories, add your dreams, and keep exploring. Do it your way. Be a retirement rebel!