How to Retire Young

by Edward M. Tauber

With the precarious position of Social Security, you must plan now for your retirement. How to Retire Young shows how, on an average income, and with proper planning, early retirement is a viable... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1556231539
• ISBN13: 9781556231537
• Release Date: January 1989
• Publisher: McGraw-Hill Professional Publishing
• Length: 124 Pages
• Weight: 0.50 lbs.
• Dimensions: 0.6" x 6.1" x 9.0"

Customer Reviews

The Right Book At The Right Time

Every once in a great while, maybe once in a lifetime, it's possible to stumble across a book that, if you are ready to hear what it has to say, can send your life off in a new direction. A little more than ten years ago, this book did that for me. Being a child of the sixties, I went to work for one of those "make-a-difference" professions that are notorious for not paying very much. Only a few years out of school, and long before the media decided it was fashionable, I racked up an incredible amount of credit card debt. Looking for a way out, I stumbled across this book, and one of those rare inflection points occurred in my life. "How to Retire Young" is laid out rather simply. Its starts with the basic premise that it is not necessary to work forever and shows how this is possible. Next it shows why not being dependent on a job is something to look forward to, rather than the beginning of boredom. Then it explains how employers no longer have any loyalty to their employees - just ask anybody who's been laid off recently. Choosing the right profession is discussed, and explains that although becoming self-sufficient by working for someone else is clearly more difficult, it is possible. The book then covers the different steps necessary to accomplish an early retirement including the different tools to take advantage of while accumulating retirement assets. Because of the age of the book, it does not cover more recent developments like Roth IRAs, but everything it does cover remains relevant. Toward the end of the book it covers issues for special populations: older workers, women, and singles. Lastly, the book provides inspiring case histories of people who succeeded in leaving employment when they wanted to, not when they had to.Between this book and "Your Money or Your Life" by Joe Dominguez and Vicki Robin (still in print), which were published at roughly the same time, I was inspired to create change not only in my finances but also in my lifestyle. It took a few years, but I crawled out of debt (without declaring bankruptcy), learned how to save money, and was motivated to start investing. I'm still in the same profession, and it will be a few more years before I'm financially self-sufficient, but I'm looking forward to a comfortable retirement well before I'm 62, the median retirement age in the United States. Wherever you are Mr. Tauber, thank you.