About this Book
You’re fifty– now what?: investing for the second half of your life, By Charles Schwab
An international brokerage firm’s founder and chairman offers older investors and retirees information on basic personal finance, including retirement budgets, pension programs, insurance, mutual funds, estate planning, and charitable giving. Advises investors to modify their strategy and goals as they mature. 2001.
In full disclosure, I hesitated suggesting this book because of its age. I don’t tend to read investing books or many other reference books that are over 3 years old, because information changes so quickly. I don’t want to put a lot of time and energy into material that may not be current anymore. Also, I am not 50 yet, but have older family members who are. So, I thought this might be an interesting read.
It’s a thought-provoking book. He splits life into 2 halves, and views this time of turning 50 as an intermission, and leading in to the second half. He puts a lot of positive light on it too. One way he does this is he gives lots of examples of people who made career changes later in their lives, and had a lot of their well-known accomplishments in their second halves.
I like the book because it’s honest. It has been one of the few books I’ve read where the author isn’t beating up on people for not starting investing young enough. I didn’t come away from it feeling depressed. I also like that Mr. Schwab shares some of his own story and personal struggles. That made it easier for me to connect with this book.
Finally, there might be an updated version of this book in the iBooks store, but it is written by his daughter. The title is different though. It may be worth checking out.
You’re fifty– now what?: investing for the second half of your life
NLS Audio Book, 11 hours, 37 minutes.
Audible Audio Book, 6hours, 6 minutes.